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Competition Commission faces multiple tasks

By Ravi Singhania and Sunil Kumar, Singhania & Partners
From curbing monopolies to promoting competition, India has evolved from a gendarme policing big businesses into a dynamic regulator of competition. The object of the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP), was...

US stimulus plan presents immediate opportunities

By Waajid Siddiqui, Hogan & Hartson
On 17 February, US President Barack Obama signed into law the American Recovery and Reinvestment Act (ARRA) of 2009. The stimulus legislation is set to have a profound impact on all aspects of the...

Protecting hidden value

With company budgets under pressure, IP owners are rethinking their protection strategies. Cutting costs in this vital domain may prove not merely a false economy but a fatal miscalculation. Vandana Chatlani reports With corporate budgets slashed,...

Service tax net may catch manufacturers outside India

By Ravi Singhania and Sunil Kumar, Singhania & Partners
Indian companies and multinational corporations (MNCs) operating in India in order to derive the benefits offered by globalization have started to get their goods manufactured outside India through contract manufacturing. A popular business model Contract manufacturing...

India to enact innovation law

The Ministry of Science & Technology plans to enact the National Innovation Act, 2008, the draft of which is now available at http://dst.gov.in/draftInnovationlaw.pdf for public review. The draft act defines innovation as “a process for incremental...

Shipping and logistics crucial areas for India

By Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe
The Indian peninsula is strategically located between cargo movements, to and from the European Middle East in the West and the Pacific Asia rim in the East. India has 7,517 kilometres of coastline studded...

Goods and services tax: A fiscal and political leap

By Ravi Singhania, Singhania & Partners
Indirect tax reform in India, spanning two decades, is a spectacular achievement of Indian fiscal policy. In terms of its sweep, it is a testimony to the political will of the government, the tax...
telecom

India’s telecom network takes a paradigm stride

By Ravi Singhania and Rudra Srivastava, Singhania & Partners
The Indian telecom network is the eighth largest in the world and the second largest among emerging economies. The sector has undergone a crucial metamorphosis with significant policy reforms. Telecommunications is driving growth at a...

India’s telecom network makes a paradigm shift

By Ravi Singhania, Singhania & Partners
The Indian telecom network is the eighth largest in the world and the second largest among emerging economies. The sector has undergone a crucial metamorphosis with significant policy reforms. Telecommunications is driving growth at a feverish...

India’s telecom network makes a paradigm shift

By Ravi Singahania, Singhania & Partners
The Indian telecom network is the eighth largest in the world and the second-largest among emerging economies. The sector has undergone a crucial metamorphosis with significant policy reforms.Telecommunications is driving growth at a feverish pace....
Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe

Free trade and warehousing zones offer myriad benefits

By Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe
One of the prerequisites of providing total integrated logistics solutions is well equipped warehousing. The necessity to store perishable goods generates a need for convenient and ample warehousing. The management of warehouses is crucial for...
Money laundering laws in a spin

Money laundering laws in a spin

Widely welcomed measures to tackle the clandestine transfer of funds have been undermined by infighting over the allocation of adjudicating powers. Raghavendra Verma reports from New Delhi In January 2007 a raid on Pune-based businessman...

The changing face of M&A

The international liquidity crisis and the growing financial muscle of Indian corporations have changed the nature of mergers and acquisitions Alfred Romann explains Holcim purchased a controlling stake in Gujarat Ambuja Cement. Hindalco Industries, part of...
India Finance MinisterBudget Trade Tax

Legislative and regulatory update

The budget India’s latest budget, unveiled by Finance Minister P Chidambaram on 29 February, includes a number of tax provisions that impact businesses and individuals. The budget had been expected to include significant changes to the...
Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe logistics

Third party logistics gains momentum

By Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe
Third party logistics (3PL), or logistics outsourcing, refers to outsourcing transportation, warehousing and other logistics related activities to a 3PL service provider that were originally performed in-house. Logistics outsourcing is used for the logistics activities...
solicitors general

Taxing role for new solicitors general

Two new solicitors general are to be appointed to act in direct and indirect tax cases, the Finance Ministry announced in January. “We are concerned about the quality of representation from the government side,” said...
Trilegal, Wind power

Contractual anatomy of a wind power project

By Akshay Jaitly and Nishant Beniwal, Trilegal
Gone are the days when wind power projects were done mainly for depreciation benefits. They  have now become significant investment opportunities. However, contract documentation continues to be influenced by the early history of this...
Legal news in brief

A round-up of legislative and regulatory developments

Foreign institutional investors, mutual funds, and other institutions may be allowed to short sell their stocks under a March proposal by the capital markets regulator, the Securities and Exchange Board of India (SEBI). Though...