Aiming to meet its $11 billion divestment target by March 2018, the Government of India is considering selling up to 25% of its stake in four state-owned companies under the control of the department of defense through an initial public offering. It has invited proposals by August 18. The four...
Air India Seeks Loan for Six Boeing Aircraft
Even as the Government of India is working on the final plans for a strategic disinvestment of its stake in loss-making national carrier Air India, the airline is ready with plans to fly to more overseas destinations. The airline seeks offers from banks and financial institutions to arrange bridge financing...
India's 2017 Trademark Rules Are Progressive
In an effort to streamline, simplify and expedite the trademark registration processes, the Government of India has replaced the Trade Marks Rules 2002, with a forward looking and more progressive Trade Mark Rules, 2017. Some of the salient features of the new rules as reported by Indianceo are: Reduction in...
Regulators Publish New Rules for Medical Devices in India
After exhaustive stakeholder consultations, the Government of India published the new medical device and in vitro diagnostic regulations (IVD) on Jan 31, 2017. The Medical Device Rules, 2017, issued by the Ministry’s Central Drugs Standard Control Organization, will replace India’s longstanding Drugs and Cosmetics Act upon implementation. The new rules...
Pope Francis Canonizes Mother Teresa
Already regarded as a saint by her followers, Mother Teresa was officially canonized on Sunday, 4 September in Rome, by Pope Francis, and she is now known as Saint Teresa of Calcutta. Mother established the Missionaries of Charity, a family of Sisters, Brothers, Fathers, and co-workers, in Calcutta (now known...
India Allows Foreign Attorneys & Firms to Setup Offices
The Government of India in association with the Bar Council of India has agreed to allow foreign attorneys and law firms to set up their offices in India and to practice non-Indian law. This move is significant for consumers of legal services who operate in international business and cross-country international trade...