New SEBI norms tweak definition of QFI to include six gulf countries, all EC countries, and NRIs; Previously only Financial Action Task Force (FATF) members were QFIs [Business Standard] [ Circular] Lakshmikumaran & Sridharan tax partner Puneet Bansal leaves to become director at BMR Advisors, ...

Fourteen law firms kept busy in a sideways economy with 14 deals in corporate, private equity and banking and finance. Find out what the industry has been up to.

K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had earlier reported.

K Law and Vaish Associates have advised on the Rs 100 crore ($22.5m) pre-IPO private equity investment by Avigo into Super Religare Laboratories.

Krishnamurthy and Co, which is branded as K Law, has opened up a new Delhi office and moved into a larger Mumbai office, as well as setting up an expansion path in Chennai and commencing construction on a larger Bangalore office.

The law ministry, law firms Krishnamurthy and Co, Trilegal and Wadia Ghandy, CLAT coaching institute IMS and law schools NLSIU Bangalore and NUALS Cochin have pledged financial or other support for NUJS Kolkata professor Shamnad Basheer’s project to increase diversity in the legal profession, which visits poorer rural secondary school students to train and encourage them to apply to top law schools.