Nishith Desai Associates

Birla Corp to acquire two cement units of Lafarge India

Birla Corporation said in a BSE filing said "it has agreed to a transaction with Lafarge India Private Ltd, whereby Birla Corp, either directly or through its wholly-owned subsidiary, shall acquire both the Jojobera and Sonadih cement businesses (Acquisition business) from Lafarge India for an Enterprise Value of Rs 5,000 crore".

IoT & Convergence: Is It Risk Free?

By: Huzefa Tavawalla and Smitha Prasad, Nishith Desai Associates

India‘s Hunt For Black Money!

Global telecom cos looking to enter Indian market: KPMG

Speaking to CNBC-TV18, Romal Shetty, ED and National Head, KPMG said that if norms are in place, it will ease entry of foreign flows in India. He believes global telecom companies are looking to enter India and there must be a safeguard to protect the Indian company‘s interest in the industry.

Hail CERC order on Tata Power & Adani Power: Nishith Desai

According to Jain, CERC's authority had already been upheld by APTEL and the Supreme Court.

Draft REIT Regulations: Top 3 Concerns?

About a month ago, this show discussed need for Real Estate Investment Trusts in India and what the architecture of a REIT regime should look like.

TA Associates announces investment in Fractal Analytics

TA Associates, a leading global growth private equity firm, and Fractal Analytics, a global provider of advanced analytics to Fortune 500 companies, today announced that TA Associates has acquired a minority stake in the company for an investment of $25 million

Delaware Court Rules on Indemnity Provisions

This alert by Nishith Desai Associates summarizes the landmark ruling in Walter A. Winshall v. Viacom International Inc., where the Delaware Court of Chancery has explained the scope of the indemnity provisions after an acquisition.

Insider Trading: World View

By: Ruchi Biyani, Nishith Desai Associates

IT Act Non-Compliance Has No Bearing On Companies Act

This M&A Alert by Nishith Desai Associates analyses the Indo Rama Textile judgment by the Bombay HC.

Why Singapore? Why Business Trust?

Burdened by substantial debt reliance communications has for some time now wanted to unlock value in its undersea cable business â€“ flag telecom.

GAAR may be dropped, business firms welcome move

A clarification circular on the retrospective amendment of section 9 is soon expected from the Finance Ministry. The general anti-avoidance rules (GAAR), for now, is likely to be stalled and the government may push it beyond the 2014 elections or completely drop it.

FM provides fillip to FDI; amends tax rate on deals

The Finance Minister has announced proposals to provide a level playing field for investors coming into India through the FDI route, report CNBC-TV18‘s Sajeet Manghat and Animesh Das.

AAR Expands Scope Of FTS Under Treaty

In this Tax Hotline, Nishith Desai Associates summarizes a recent ruling in the case of Mersen India Private Limited.

FDI policy 2012: New bottle, old wine!

The Department of Industrial Policy and Promotion has released the new consolidated foreign direct investment policy which is made effective from April 10, 2012.

Seek clarity from govt on applicability of GAAR: Experts

Experts tell CNBC-TV18 that the government needs to provide some clarity on the applicabbility of GAAR.

GAAR outside SEBI purview, P-Notes remain illusive

The confusion over General Anti-Avoidance Rules (GAAR) provisions is not only plaguing the Indian market, but is also impacting India’s global image. Foreign institutional investors (FIIs) are complaining and seeking further clarifications.

Experts on GAAR: Need clarity on tax evasion & tax planning

Foreign portfolios in India have been left shaken on implementation of certain provisions in the General Anti-Avoidance Rules (GAAR) by Income-Tax officials. The fear that FIIs will start pulling money out of India has left the market in turmoil.

Budget 2012: Govt must deal with corruption, says Nishith Desai

Nishith Desai, founder of Nishith Desai Associates has three expectations. “One, the government should deal with corruption. Two, give me the true state of the financials affairs of the nation. Three, appoint law commission with independent professionals as well as the tax department people and the global renowned expert."