Blog Posts
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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…
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Some Lessons from Bear Stearns
[Posted by Umakanth Varottil] The New York Times DealProfessor has a column Burying Bear Stearns that highlights the takeaways from the Bear Stearns saga, which incidentally are matters we often endeavour to stress on this blog. They are: – Moral hazard– Systemic risk– Corporate governance
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SWFs as FIIs; Other Amendments to FII Regulations
[Posted by Umakanth Varottil] SEBI has announced a fairly detailed set of amendments to the SEBI (Foreign Institutional Investors) Regulations, 1995. One of the key amendments relates to the recognition of sovereign wealth funds (SWFs) as a category of investors eligible to invest into the Indian markets as FIIs. This marks a significant move because…
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External Commercial Borrowings Liberalised
[Posted by Umakanth Varottil] In August 2007, the Government tightened its policies on external commercial borrowings (ECBs). However, subsequently, in view of the changed economic scenario in the country, it has decided to liberalise its policies on ECBs. In a circular issued yesterday, the Reserve Bank of India (RBI) now allows borrowers in the infrastructure…