Jindal Power Acquires Jhajjar Thermal Plant in Haryana: New Delhi, November 3, 2025: In one of the largest recent transactions in India’s thermal power sector, Jindal Power Limited (JPL) has completed the acquisition of 100% shareholding in Jhajjar Power Limited (JPLtd), which operates a 1,320 MW coal-based thermal power plant in Jhajjar, Haryana.
Emirates NBD Set to Acquire 60% Stake in RBL Bank in Landmark Deal: Mumbai, India – October 24, 2025 – In a historic move, Emirates NBD, one of the largest banking groups in the UAE, is set to acquire a 60% majority stake in India’s RBL Bank for ₹26,850 crore. This landmark transaction, marking the…
Asahi India Glass Limited has made a qualified institutions placement of 1,18,37,261 equity shares aggregating to ~₹1,000 crore. AZB & Partners represented the company in the transaction. The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, assisted by Senior Associate Rajat Chadha and Associates Harsh Vardhan Singh, Vaibhav Kumar Shah, Shivani Singh, and Asit Singh Baghel.
Pepagora Completes Strategic Fundraising and Restructuring Exercise: In a significant development for Pepagora, a leading B2B marketplace connecting verified suppliers, buyers, and partners worldwide, the company has successfully completed a strategic fundraising round and undergone a group restructuring exercise. Water & Shark Legal served as the legal counsel for the marketplace throughout these pivotal stages, providing essential legal and strategic advisory services.
Trilegal, Saraf and Partners, Crawford Bayley & Co Adivse on Electronics Bazaar’s ₹460 Crore IPO: MUMBAI — GNG Electronics Limited, operating under the popular brand “Electronics Bazaar,” has made a stunning debut on the stock market, with its ₹460.435 crore initial public offering (IPO) receiving an overwhelming response from investors. As India’s largest refurbisher of…
Strategic Move Advised by SAM & Arthur Cox Marks REIT’s First Third-Party Expansion: Hyderabad, India – In a significant expansion of its real estate portfolio, Mindspace Business Parks REIT has successfully acquired Q-City, a prominent IT Park in Hyderabad, for a reported price of ₹512 crore ($61.4 million USD). The transaction, which marks Mindspace’s first third-party acquisition outside of its existing portfolio parks, was a complex deal requiring extensive legal and advisory support from both Indian and international firms.
JSW One MSME, Firm Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise: MUMBAI — JSW One Platforms Limited, widely known as JSW One MSME, has officially joined the ranks of India’s unicorns after successfully completing a ₹500 crore pre-IPO capital raise. This significant funding round pushes the company’s valuation past the $1 billion mark, cementing its position as a major player in the country’s B2B e-commerce landscape.
CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay: New Delhi — The Competition Commission of India (CCI) has dismissed a major complaint alleging cartelisation and bid-rigging by several prominent corporate groups, including Adani Enterprises, the RP-Sanjiv Goenka Group, Vedanta, Hindalco, UltraTech, and Jindal Power, in coal block auctions spanning…
Hanwha Ocean’s India Global Engineering Center: Delhi, 31 July 2025. In a move that underscores its commitment to global expansion and technical leadership, Hanwha Ocean, a key player in the offshore energy and defense sectors, has officially inaugurated its Global Engineering Center in Noida, India earlier this week. Located near the Indian capital of Delhi, Noida is fast emerging as one of the country’s prime engineering hubs, boasting a competitive talent pool and an ecosystem that supports cutting-edge technological innovation.
ISRO’s GSLV-F16 Rocket Successfully Launches NASA-ISRO’s NISAR Satellite: In a landmark achievement for space exploration and international cooperation, the launch of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite has taken center stage as a symbol of an unprecedented partnership between two of the world’s most powerful space agencies: NASA and the Indian Space Research Organisation…
Juniper Green Energy Proposes ₹3,000 Crore IPO: Mumbai, July 28, 2025 – Juniper Green Energy Limited, a prominent player in India’s renewable energy sector, has announced its intention to launch an Initial Public Offering (IPO) of equity shares worth Rs 3,000 crore. The company, which specializes in the development, operation, and management of solar, wind, and hybrid power projects, aims to accelerate its growth trajectory and expand its renewable energy footprint in the country.
Multiples Private Equity Acquires Controlling Stake in VIP Industries for ₹1,763 Crore: In a landmark deal poised to reshape the luggage and travel accessories landscape in India, Multiples Private Equity Fund has secured a controlling stake in VIP Industries Limited, one of the country’s most recognized names in travel goods. The transaction, valued at a robust ₹1,763 crore ($211.56 million USD), will see the private equity giant acquire approximately 32% of VIP Industries, marking a significant shift in the ownership of the iconic brand.
Wilmar Acquires 20% Stake in AWL Agri Business from Adani for $860 Million: Ahmedabad, India — In a significant move within the Indian FMCG sector, Wilmar Group has agreed to acquire a 20% stake in AWL Agri Business Limited from Adani Group for a total consideration of ₹7,150 crore (approximately $860 million). The acquisition, which marks a major shift in the ownership structure of the prominent food and beverage conglomerate, was finalized through Wilmar’s wholly-owned subsidiary, Lence Pte. Ltd.
India as a hub for International Arbitration: GOTHENBURG, SWEDEN – In a significant pronouncement that reverberated through the international legal community, Supreme Court Justice Surya Kant declared on Thursday that “The future of arbitration is not just international — it is also Indian.” Speaking at a pivotal roundtable in Gothenburg, Sweden, Justice Kant laid out a compelling vision for India’s burgeoning role as a global arbitration destination, signaling a transformative shift in the landscape of international dispute resolution.
Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors: Mumbai, India – Walko Food Company Private Limited, the parent company behind the popular NIC Ice Cream brand, has announced a significant strategic move into India’s burgeoning artisanal dessert segment with the acquisition of a majority stake in Scoop Some More Private Limited, which operates under the brand name MeeMee’s Ice Creams. This acquisition marks a sweet expansion for Walko Food, broadening its dessert portfolio and tapping into a market segment known for its innovative and youth-oriented products.
Don’t Burden Yourself with Loans for Foreign LL.M.: CJI BR Gavai to Law Graduates: Hyderabad, India – Chief Justice of India (CJI) B.R. Gavai delivered a thought-provoking address at the 22nd Convocation of NALSAR University of Law on Friday, offering a candid critique of the Indian legal profession and dispensing crucial advice to graduating law students.…
Uttarakhand High Court Stays EC Move Allowing Candidates on Multiple Voter Rolls: NAINITAL, UTTARAKHAND – In a significant intervention impacting the integrity of local elections, the Uttarakhand High Court has temporarily stayed a controversial clarification issued by the State Election Commission (SEC). The SEC’s directive, which permitted candidates whose names appear on multiple electoral rolls to contest polls, has been deemed “prima facie” contrary to the provisions of the Uttarakhand Panchayati Raj Act.
Don’t Hide Your Mental Health Issues: CJI BR Gavai to Law Students: HYDERABAD, INDIA – In a candid and compassionate address to the graduating class of NALSAR University of Law, Chief Justice of India Justice B.R. Gavai delivered a powerful message urging young lawyers to confront the emotional and structural challenges inherent in the legal profession, emphasizing the critical importance of mental health and self-care. His remarks, delivered at the university’s 22nd Convocation, resonated deeply, offering both a stark reality check and an uplifting call to foster a more supportive legal community.
Section 138 of Negotiable Act: Notice on Relative Not Sufficient for Cheque Dishonor Case, Says Kerala High Court: Kochi, India – In a significant ruling concerning the Negotiable Instruments Act, the Kerala High Court has clarified that merely serving a notice of cheque dishonor on a relative of the accused is not sufficient to initiate proceedings under Section 138, unless it can be demonstrably proven that the accused had direct knowledge of such notice. This decision provides crucial guidance on the stringent requirements for statutory notice in cheque dishonor cases.
TVS Infrastructure Trust Raises ₹1,300 Crore ($156 Million USD) in Landmark IPO: Mumbai, India – TVS Industrial & Logistics Parks has announced the successful listing of its Infrastructure Investment Trust (InvIT), TVS Infrastructure Trust, on the National Stock Exchange. The Initial Public Offering (IPO) has successfully raised over ₹1,300 crore (approximately $156 million USD), marking a…
India’s power demand in the first quarter of the financial year 2025-26 declined almost 1.5% from the same period last year due to lower temperatures and heavy monsoons compared to last year. According to the data from the Central Electricity Authority, the country’s energy requirement declined to 445.8 billion units during Apr-Jun 2025 against 452.4…
A bench led by Justice Satyavrat Verma held that government employees retiring on June 30 are entitled to receive the annual increment due on July 1, provided they have completed one full year of service since their last increment. This decision overturns the previous practice of denying the benefit simply because retirement occurred one day before the official increment date.
Modi 3.0 cabinet: Prime Minister Narendra Modi unveiled his new cabinet on Monday, following his historic third consecutive term victory in the recent Lok Sabha elections. The council of ministers reflects a blend of continuity and change, with several key figures retaining their portfolios and fresh faces being brought in for other crucial positions.
Union Finance Minister Nirmala Sitharaman presented the Modi 2.0 government’s last Budget before the general elections on Thursday. The interim budget has a mix of measures for the economy and significant segments for women that are important from the point of voters’ pull.
Prime Minister Narendra Modi Union Budget 2024-25: Prime Minister Narendra Modi Thursday congratulated Finance Minister Nirmala Sitharaman on the successful presentation of the interim budget. “It may be an interim budget but it is an inclusive and progressive one and a reflection of Vikshit Bharat,” Modi said in a speech.
New Parliament Building-Central Vista: Prime Minister Narendra Modi will lay the foundation stone for the country’s new Parliament building on Thursday, said Lok Sabha speaker Om Birla, adding that in the new building each member will have at least 40 square meter of working space.
The expert group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for large business houses, including a consolidated supervision system.
The gross GST revenue collected in the month of August, 2020 is Rs 86,449 crore of which CGST is Rs 15,906 crore, SGST is Rs 21,064 crore, IGST is Rs 42,264 crore,” said the finance ministry.
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts.
PAN-Aadhaar linking deadline: Modi governmet has extended the deadline to link PAN with Aadhaar by another three months.However, this may be one last opportunity.
Tax officials recovered Rs 2 crore in unaccounted cash and seized documents. Unaccounted cash was stashed in unlikely places like water tanks.
Angel Tax on Startups: Modi government has extended several reliefs to start-ups facing scrutiny from income tax department, it will be with retrospective effect.
Cracking down on tax evasion: In the two raids conducted over the last week, income tax officials have unearthed sham transactions worth Rs 700 crore.
Rs 10,000 additional liquidity facility by National Housing Bank to Housing Finance Companies in addition to two existing schemes of NHB.
GST Fake Invoice: GST officials in Delhi have busted a racket of issuing fake GST invoices and arrested two persons & recovered fake bills and stamps.
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
GST Collections in July 2019 have grown by 5.8% over the same month last year. Bulk of the money comes from IGST and duty on imports.
