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In Brief
Monday, 10 May 2021 22:49 Private equity / VC
Spice Route Legal team advised Berlin based global venture capital fund, Foundamental GmbH in its investment of USD 2 million into fleet management solutions company, LococNav, as reflected by Foundamental on its site.
Spice Route Legal advised
Samvad Partners acted as legal advisors to
LocoNav.
Deal value: USD 2 million
This deal report is based on a firm s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Leading corporate law firms recruit graduates of Jindal Global Law School in 2020 and 2021 ANI | Updated: Apr 30, 2021 09:37 IST
Sonipat (Haryana) [India], April 30 (ANI/OP Jindal University): As many young graduating law students across the nation still face high levels of uncertainty in the midst of the ongoing pandemic, Jindal Global Law School (JGLS) of the OP Jindal Global University (JGU), that has been ranked as India s number one Law School earlier in 2021 by QS World University Rankings by Subject, secured a commendable 36 Zero-Day placements for the Batch of 2021.
This is a record 50 per cent increase in the Zero-Day placements compared to that of the batch that graduated last year. The 2021 intake includes 11 pre-placement offers (PPOs) with 8 leading law firms. This is an extension of JGLS continued efforts towards placements, especially during these times challenged by continuously evolving industry requirements during which JGL
5 hours ago
The fintech and startup ecosystem that has emerged in recent years has a major governance issue: data breaches and leaks are not taken seriously. Unfortunately, the regulatory system has not woken up to the fact that the recent data breaches at Juspay and MobiKwik can significantly cause harm to idle users in the future.
The Indian government is yet to introduce a Personal Data Protection Law (PDP Law) in Parliament at a time when incidents of data breaches and personal information being sold on the darkweb are increasing year-on-year. The lack of a Data Protection Authority and a Personal Data Protection Law means that there is regulatory ambiguity in terms of who should respond to breaches and investigate them. Industry experts told MediaNama that the entire regulatory system needs to be strengthened, business models need a rethink and that companies need to be made more accountable, whether through the courts or through internal governance practices.
The Cabinet has cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore so that it can leverage around Rs 3 trillion from the markets in a few years to provide long-term funds to infrastructure projects as well as for development needs of the country. To put it in perspective, Rs 3 trillion constitutes slightly less than 3 per cent of the Rs 111 trillion to be spent on over 7,000 projects in the National Infrastructure Pipeline from 2019-20 to 2024-25. Besides, the government will give Rs 5,000 crore as grant to the institution, Finance Minister Nirmala Sitharaman on Tuesday told the media after the Cabinet meeting.