Former Inox Leisure vice president legal and company secretary Dhanraj Mulki has joined Mahindra Holidays as general counsel and company secretary.

After a near-hiatus for almost one year the IPO pipeline has finally filled up this July. No company wants to be left behind by the cheap cash-for-equity gravy train, the gold rush now appears to be self-sustaining – at least for the time being.

The distribution of spoils among Indian law firms is likely to be less even-handed.