Blog Posts
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Research Paper: Achieving India’s Growth Potential
[Posted by Umakanth Varottil] Just as the Indian economy reels from its double-digit inflation to the tune of approximately 11%, Goldman Sachs, the leading investment bank, has issued its latest research paper titled Ten Things for India to Achieve its 2050 Potential. This is part of a series of papers published over the last few…
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Creating Debt and Securitisation Markets in India
[Posted by Umakanth Varottil] One of the constant criticisms of the Indian financial markets has been the lack of a liquid and vibrant market for debt securities on the one hand and that for securitised instruments on the other. In separate moves announced on the same day (June 19, 2008), SEBI has sought to alleviate…
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CSX/TCI Judgment – Some Thoughts on the SEBI Takeover Regulations
[Posted by Umakanth Varottil] In a closely followed case, the U.S. District Court for the Southern District of New York issued its decision regarding the reporting requirements of a hedge fund (TCI) that had entered into “total return equity swaps” with counterparties in respect of the shares of CSX. Although TCI only entered into cash-settled…
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Daiichi Sankyo – Ranbaxy
[Posted by Rahul Singh] June 13 edition of Mint carried my column on how Daiichi Sankyo – Ranbaxy deal vindicates Indian IPR regime. Check the following link:http://www.livemint.com/2008/06/13001424/Daiichi-Sankyo-vindicates-Indi.html
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Top Law Schools
[Posted by Rahul Singh] Today’s Mint ranks top law schools. Check the following link:http://www.livemint.com/2008/06/12001201/India8217s-Best-Colleges.html?d=1
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Oil Price Rise: Shareholders vs. Consumers
[Posted by Umakanth Varottil] The spike in the price of oil has created a peculiar situation for the Indian oil companies that are in the public sector. These public sector undertakings (PSUs) are predominantly owned by the Government, with a portion of the shares (usually a minority) held by public shareholders. The shares of these…
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FDI: Reporting Under Automatic Route
[Posted by Umakanth Varottil] Whenever foreign investors subscribe to an issue of shares by an Indian company, there are certain reporting requirements that need to be complied with. In terms of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, the reporting obligations arise at two stages:…
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Differential Voting Rights: A Markets Perspective
[Posted by Umakanth Varottil] Economic Times carries the views and recommendations of various market participants about the feasibility and economics of issue of differential voting rights by Indian companies. One interviewee notes: “Differential voting rights can work every where in the world, and so also in India. These are ideally good instruments for passive investors,…
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India Today: Law School Rankings
[Posted by Umakanth Varottil] Spicy IP points to India Today magazine’s latest survey ranking law schools in India. This year’s results reveal the following order at the top in the overall ranking: 1. National Academy of Legal Studies & Research University (NALSAR), Hyderabad;2. National Law School of India University (NLSIU), Bangalore;3. Campus Law Centre, University…