India-Japan Economic Partnership: Strategic Convergence, Sectoral Opportunities
Historical Relationship and Economic Collaboration India and Japan share one of Asia’s most enduring and philosophically grounded bilateral partnerships.
PART III: LANDMARK SHIFT IN MATERNITY BENEFITS FOR ADOPTIVE MOTHERS
Since the notification of commencement of the new labour codes in November 2025, the provisions relating to the maternity benefit under the Code on Social Security, 2020 (“SS Code”) were challenged on the basis of a pending writ under the erstwhile Maternity Benefit Act, 1961 (“MB Act”). In this Part III of the labour law …
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Contracting through Conflicts: Allocating Risks in a Geopolitically Unstable World
On March 11, 1930, Mahatma Gandhi, in his speech at the Sabarmati Ashram, Ahmedabad, India, said “Let no one commit a wrong in anger. This is my hope and prayer”.
IBC cannot be the guiding principle for restructuring the ownership and control of spectrum
WHAT HAS HAPPENED? In a significant decision on the interplay between insolvency and telecom laws, the Supreme Court in State Bank of India v Union of India[1] (“Aircel judgment”), has held that the spectrum allocated to Telecom Service Providers (“TSPs”) and shown in their books of account as an ‘asset’ cannot be subjected to proceedings …
Renewable Energy and Competition Law: Market Power, DISCOM Behaviour, and Auctions Design
India’s renewable energy sector operates at the intersection of two competing policy objectives: accelerating capacity deployment through competitive markets and protecting investor returns through regulatory mechanisms. The interplay between reverse auctions, preferential tariffs, DISCOM procurement authority, and competition law principles reveals fundamental tensions in market design that have forced regulatory recalibration. This article examines how …
No-Tax-Risk Data Centres: How India’s 20-year cloud tax holiday works
Introduction India’s Union Budget for the financial year 2026-27, presented on February 1st, 2026 (“Budget”) marked a significant policy milestone for development of data centres in India, implemented to strengthen digital infrastructure and attract foreign investment in cloud and Artificial Intelligence (“AI”) competencies. The headline announcement was that a long-term tax regime shall be introduced …
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Will you still guarantee?
Cross‑border guarantees have long functioned as the quiet scaffolding behind global financing, trade flows, and group‑wide treasury structures. Yet, for years, India’s regulatory approach to guarantees has remained largely unchanged and occasionally ambiguous. That has now changed. With the Foreign Exchange Management (Guarantees) Regulations, 2026 (“Guarantee Regulations 2026”), the RBI has effectively re‑engineered …
New ECB Framework: Are we there yet?
The Reserve Bank of India (RBI) has recently overhauled the external commercial borrowing (ECB) framework, through an amendment to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (ECB Amendment) notified on February 16, 2026.
NBFC Registration Exemption: Much Ado, Limited Impact
In February 2026, the Reserve Bank of India (RBI) issued a press release, along with a draft of the Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026 (Amendment) proposing exemption from registration for certain categories of Non-Banking Financial Companies (NBFC), details of which are …
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Overview of the Corporate Governance Regulatory Framework in India
Contributed by: Vaidehi Balvally, Nausheen Ansari, Poonam Sharma, Parag Srivastava and Karan Kalra Part 1: Corporate Governance: What’s the Hype? Corporate governance has clearly become the buzz word in India Inc., in more ways than one. But what is corporate governance and why is there so much fuss around it? The concept broadly refers to …
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