Latest news with #ETLegalWorld
Time of India
14-07-2025
- Automotive
- Time of India
Skoda Group: Dentons Link Legal guides Skoda on railway manufacturing JV with Tata AutoComp, ET LegalWorld
Advt By , ETLegalWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles. Dentons Link Legal had advised Czech public transport manufacturer Skoda Group on its recently established 50:50 joint venture with Tata AutoComp Systems Limited for the manufacture and supply of components for the railway sector in landmark joint venture aims to locally manufacture high-technology products such as propulsion systems, auxiliary converters, and traction motors for various rail segments, including metros, light rail, and regional transit systems. The collaboration not only leverages Škoda's European technological expertise but also supports India's ' Make in India ' and 'Atmanirbhar Bharat' initiatives, creating a strong foundation for innovation, localization, and sustainable Link Legal advised Škoda Group on all legal aspects of the transaction, including the structuring and incorporation of the joint venture, negotiation and finalization of the definitive agreements, including alignment with Indian regulatory and corporate compliance Dentons Link Legal team was led by partner Anuj Trivedi. The transaction team comprised principal associate Kartikeya Singh and associate Dakshita Arora. The incorporation of the joint venture entity was also spearheaded by Trivedi, supported by principal associate Vandana Batra and associate Shubham Tandon.'This transaction showcases our firm's robust capabilities in cross-border joint ventures, strategic collaborations, and manufacturing sector transactions, and reaffirms our continued commitment to facilitating transformative business partnerships in India's evolving infrastructure and mobility sector,' Dentons Link Legal said in a statement.
Time of India
04-07-2025
- Business
- Time of India
Grain Diplomacy: US GM Feed Could Break India Trade Deadlock, Legal News, ET LegalWorld
Advt By , ETLegalWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles. As the July 9 deadline for concluding the India-US trade deal approaches, a quiet yet potentially transformative breakthrough is emerging. India is considering allowing imports of select genetically modified (GM) products used in animal feed—a move that could unlock an ambitious new phase in bilateral development could offer a pragmatic path forward in a negotiation otherwise gridlocked over sensitive issues like dairy and agricultural tariffs. Sources close to the talks confirm that India may permit the inbound shipment of soybean meal and distillers dried grains with solubles (DDGS)—two key by-products of US corn and soy production widely used as animal middle-ground solution avoids direct exposure to politically sensitive sectors like food and dairy, while still delivering economic value to both sides. For the US, it provides a win for its powerful farm lobby. For India, it helps support its growing poultry and livestock industries by enhancing feed availability and possibly stabilizing domestic prices.'It's a smart compromise,' said a senior official familiar with the negotiations. 'It maintains India's food sovereignty and farmer protections while signaling openness to calibrated trade liberalisation .'Beyond the immediate deal, this step could mark the beginning of a more nuanced approach to GM-related imports. While food-grade GM crops remain restricted, India already imports GM-derived edible oils. Introducing GM-based feedstock represents a strategic shift in policy thinking, balancing food safety concerns with economic announcements on the deal, which may be unveiled in phases, are expected no later than midnight of July 6. Officials suggest that while dairy and core farm tariffs are off the table for now, a broader spirit of flexibility and mutual respect is guiding the successful, the agreement could pave the way for a deeper, more resilient economic partnership between the world's two largest democracies—anchored in pragmatism, respect for domestic priorities, and a shared vision for the future.
Time of India
02-07-2025
- Business
- Time of India
India Proposes Independent Aviation Safety Board for Improved Flight Oversight, ET LegalWorld
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles. In a step towards reforming India's aviation oversight, the government is actively considering the creation of an independent Aviation Safety Board , modeled on the U.S. National Transportation Safety Board (NTSB). The proposal gains urgency following the tragic crash of Air India Flight 171 in Ahmedabad last month, which claimed over 260 lives and triggered a wave of scrutiny over regulatory lapses and safety proposed board will operate autonomously, with a mandate to investigate aviation accidents and systemically monitor safety compliance across the sector — including oversight of statutory bodies like the Directorate General of Civil Aviation (DGCA) and the Airports Authority of India (AAI).Currently, aviation accident probes are conducted by the Aircraft Accident Investigation Bureau (AAIB) under the Ministry of Civil Aviation, a structure many critics say lacks institutional independence. Senior officials in the ministry and regular tory agencies have confirmed that the idea of a fully independent board is under "serious discussion," though a final greenlight is still pending.'There is growing recognition that India needs an empowered body to examine aviation incidents without any perceived conflict of interest,' said a senior official involved in the a parliamentary panel has called a high-level review of India's civil aviation safety next week, where top representatives from Air India, IndiGo, airport operators, and air traffic controllers will gather for brainstorming on aviation security. The panel is expected to probe both the crash and long-standing safety concerns that have plagued Indian aviation apart from discussing creation of an aviation safety AAIB, along with U.S. investigators, has now recovered and decoded the flight data recorder and cockpit voice recorder, providing a clearer picture of the aircraft's final moments. A full technical report is expected within parallel, the government has also initiated an inspection of all 34 Boeing 787 aircraft in Indian fleets, and ordered audits of pilot training and maintenance records across the proposed Aviation Safety Board is established, it would mark a historic shift in India's approach to aviation safety — aligning it with global best practices seen in the U.S., Canada, and the EU, where independent boards investigate crashes free from regulatory say the board would need legislative backing and may involve redefining roles of AAIB and DGCA, which currently report to the same ministry that oversees airline operations — a clear conflict of interest in the eyes of many experts.
Time of India
23-06-2025
- Business
- Time of India
Transforming Credit Delivery in India: The Unified Lending Interface Meeting, ET LegalWorld
The officials of the finance ministry and the Reserve Bank held a meeting with various stakeholders, including state government representatives, on ways to scale up Unified Lending Interface (ULI) as it has the potential to transform the credit delivery mechanism. ULI is a new digital public infrastructure (DPI) designed to streamline the lending process, similar to UPI in the payment space. It is a technology platform built to facilitate easy access to authenticated data from various sources, through standardised APIs to which all lenders can connect seamlessly through a 'plug-and-play' model. Advt Advt ULI will make frictionless credit available to every Indian, and to further the government's broader vision of digital empowerment, financial inclusion , and last-mile service delivery, the finance ministry statement Services Secretary M Nagaraju and RBI Deputy Governor T Rabi Sankar co-chaired a meeting attended by senior officials of 13 departments and 11 state governments, among is envisioned as a DPI for credit delivery designed to integrate technology, data, and policy into one seamless platform, Nagaraju UPI revolutionised the payment ecosystem, the ULI is poised to transform credit delivery, making it inclusive and redefine how credit is accessed and delivered across India, he rich, trusted and high-value datasets available with the Central government ministries/departments and state governments, when leveraged appropriately by lenders, can power data-driven, inclusive, and faster lending, especially for underserved the meeting, the RBI Deputy Governor highlighted that ULI is a DPI of national importance and urged the participants to onboard their datasets on the platform to tap into its potential, it Deputy Governor also pointed out that the ULI has the potential to surpass the transformative impact of urged the stakeholders to nominate nodal officers for fast-tracking the integration of government datasets with ULI in order to make ULI India's next UPI on the credit also emphasised that appropriate integration of various separate similar initiatives operating to serve specific purposes with ULI for deriving synergy to build a unified and resilient national lending ecosystem, while preserving their identity. Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.
Time of India
23-06-2025
- Business
- Time of India
Omnitech Engineering IPO: Omnitech Engineering Launches IPO to Raise Rs 850 Crore in Precision Components, ET LegalWorld
Omnitech Engineering, a manufacturer of precision-engineered components, on Monday said it has filed preliminary papers with capital markets regulator Sebi to raise Rs 850 crore through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth up to Rs 520 crore and an offer for sale component of equity shares valued at Rs 330 crore by promoter Udaykumar Arunkumar Parekh, as per the draft red herring prospectus (DRHP). The company plans a pre-IPO placement of shares aggregating to Rs 104 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Advt Proceeds from the fresh issue will be utilised to repay debt, set up two new manufacturing facilities, fund capital expenditure requirements and general corporate Engineering manufactures high-precision engineered components and supplies to global customers across industries like energy, motion control & automation, industrial equipment systems, and other diversified industrial clientele includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Omnitech Engineering will compete with the likes of Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, Dynamatic Technologies and MTAR supplied customised high-precision components to over 220 customers across 22 countries, including the US, UAE, Germany, Bulgaria, and shares are proposed to be listed on the BSE and Capital and ICICI Securities are the book-running lead managers, while MUFG Intime India, formerly Link Intime India, is the registrar to the IPO. Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.
