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Non-compete clauses: Unenforceable under law, but companies love them

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as its seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.

Australia , Kozhikode , Kerala , India , United-states , United-kingdom , American , Americans , Sangeeta-gupta , Jatin-dalal , Linam-khan , Anandorup-ghose

Show the ink and sign up for discounts on flights, food, hotels

India's general election offers voters discounts in various sectors. Inked voters get democracy discounts at restaurants. Air India Express provides a 19% discount for first-time voters. BluSmart and Enrich offer discounted rides and salon services during voting days.

Kozhikode , Kerala , India , Karnataka , Dubai , Dubayy , United-arab-emirates , Delhi , Sharjah , Ash-shariqah , Tamil-nadu , Indore

Mynavi buys majority stake in Awign

Mynavi Corp acquires majority stake in Awign, leading to exit of early backers. Awign aims for long-term growth, focusing on scaling operations, expanding globally, and enhancing digital infrastructure with the partnership.

Japan , India , Japanese , Anderson-mori-tomotsune , Cyril-amarchand-mangaldas , Hidekazu-ito , Annanya-sarthak , Pankaj-bansal , Mynavi-solutions-india , Offering-college , Mynavi-corp , Deloitte

India law firms: Proven expertise and cost effectiveness rank as higher criteria for choosing law firms for General Counsels

A survey reveals that 88.7% of Indian companies have expanded their external legal advisors in the last two to three years, with 64% changing their primary law firm. Poor service, quality issues, and unexpected costs are key factors driving this shift, as companies prioritize expertise, cost-effectiveness, and referrals when selecting legal representation.

Australia , India , Hitesh-mehra , Ashish-pandey , Shelly-kohli , Jahnavi-upadhyay , Google , India-inc , Accenture , Offering-college , United-breweries-ltd , Indian-school-of-business

CRISIL ESG Ratings & Analytics Limited: Sebi gives approval to CRISIL subsidiary to provide ESG ratings

The Securities and Exchange Board of India (Sebi) has approved CRISIL ESG Ratings & Analytics Limited as a Category 1 provider of environmental, social, and governance (ESG) ratings. The approval comes at a time when ESG disclosures are improving and financial markets recognize the need for independent ESG ratings.

Lucknow , Uttar-pradesh , India , Indian-school-of-business , Ratings-analytics , Offering-college , Exchange-board-of-india-sebi , Exchange-board , Analytics-limited , Corporate-journey , Strategic-skill

NCLT admits insolvency plea against two Essel Group companies on Indiabulls Housing plea

The Mumbai bench of the National Company Law Tribunal (NCLT), in applications filed by Indiabulls Housing Finance Ltd, also appointed Ravi Prakash Ganti as interim resolution professional (IRP) for these companies.

Lucknow , Uttar-pradesh , India , Mumbai , Maharashtra , Ravi-prakash-ganti , Charanjeet-singh-gulati , Genex-realtech , Gnex-realtech , Nausher-kohli , Lakshmi-gurung , Vinita-melvin

Nawaz Modi-Singhania: Raymond Group companies oust Nawaz Modi-Singhania from board amid divorce dispute

Three companies within the Raymond Group, JK Investors (JKI) (Bombay), Raymond Consumer Care (RCCL), and Smart Advisory and Finserve, removed Nawaz Modi-Singhania from their boards through an EGM on March 31. This action follows a bitter settlement dispute between Modi-Singhania and her estranged husband, Raymond Group chief Gautam Singhania, after announcing their divorce in November 2023. The listed entity, Raymond, has not yet proposed her removal but may do so soon, according to sources.

Bombay , Maharashtra , India , Kozhikode , Kerala , Lucknow , Uttar-pradesh , Mumbai , Gautam-singhania , Nawaz-singhania , Offering-college , Raymond-group

Religare: Won't back down, says Religare's Rashmi Saluja amid tiff with Burman family

"I may have agreed that five years ago, I didn't have the experience, but after five years, three successful businesses, a company turnaround and a great team and board to support me, I will not back down," Saluja told ET in an interview. "Any allegations of corporate governance against the board and the management are directly reflected toward the regulators. Our naysayers need to understand that."

Australia , India , Religare-finvest , Rashmi-saluja , Union-bank , Esops-of-religare-group , Religare-finvest-to-enterprises , Indian-school-of-business , Religare-enterprises , University-of-western-australia , Exchange-board-of-india-sebi , Dabur

KKR joins global cos betting billions of dollars in fastest-growing India

KKR & Co. is optimistic about investment opportunities in India's consumer sector and expanding its private credit portfolio. Despite high valuations, the firm believes in India's long-term consumption growth. With global firms like Blackstone and Goldman Sachs also investing in India, KKR plans to deploy $10 billion at a faster pace. The firm is eyeing opportunities in manufacturing and may venture into real estate in the future. Despite challenges faced in the past, KKR remains committed to investing in India through various strategies, including its Asia credit fund and infrastructure projects.

China , India , Mumbai , Maharashtra , Mukesh-ambani , George-roberts , Narendra-modi , Gaurav-trehan , Jerome-kohlberg , Henry-kravis , Offering-college , Goldman-sachs-group-inc

M&A activities: Consolidation of businesses across sectors and domestic consumption will drive M&A activities: Satish Kishanchandani, Pioneer Legal

Satish Kishanchandani, managing partner of Pioneer Legal, foresees India's robust economy and focus on infrastructure boosting M&A activities, notably in automotive, infrastructure, clean energy, and healthcare sectors. Factors such as rupee stabilization, interest rates, and available investment funds will shape transactions. Regulatory reforms and investor confidence are expected catalysts for growth.

India , Satish-kishanchandani , Offering-college , Pioneer-legal , Corporate-journey , Strategic-skill , Financial-year , M-ampa-activities , Domestic-consumption , Consolidation-of-businesses , Sectoral-nuances , Deal-making-activities