Legal

On August 1, 2024, significant changes to India’s Intellectual Property Rights (IPR) laws came into effect with the decriminalization of certain offenses. This reform marks a shift in how IPR violations are handled, moving away from criminal penalties toward civil remedies and administrative actions. The decriminalization aims to reduce the burden on the criminal justice […]

Unicommerce, a leading SaaS platform specializing in e-commerce solutions, has officially filed its red herring prospectus (RHP) as it gears up for its initial public offering (IPO) slated for August 6. This move positions Unicommerce as the third SoftBank-backed company, following Ola Electric and FirstCry, to debut its IPO in the first week of August. […]

The Supreme Court strongly criticized the Centre for its prolonged inaction regarding pensions for retired regular Army captains under the One Rank One Pension (OROP) scheme, imposing a Rs 2 lakh fine. A bench comprising Justice Sanjiv Khanna and Justice R Mahadevan granted the Centre a final deadline until November 14 to resolve the pension […]

Ola Electric Sets IPO Price Range at INR 72-76, Aims to Raise Over INR 6,145 Crore Ola Electric is poised to raise over INR 6,145.6 crore at the upper end of its initial public offering (IPO) price band. The IPO, open for subscription from August 2 to August 6, comprises a fresh issuance of shares […]

INTRODUCTION: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25 on Tuesday, outlining various provisions aimed at supporting MSMEs, startups, easing business operations, enhancing FDI, and addressing long- and short-term capital gains. Below are the detailed highlights from the budget that are poised to significantly impact Indian startups, founders, employees, and […]