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Antrix asks US court to stop Devas SECTIONS Share Synopsis Devas had sought the court's assistance in obtaining information needed to enforce the award, and for it to deny Antrix's motion for a protective order PTI Indian Space Research Organisation (ISRO) launches the Brazilian satellite Amazonia-1 from the Satish Dhawan Space Centre in Sriharikota, Sunday, Feb. 28. 2021. (PTI Photo) Antrix Corp, the commercial arm of India’s space agency, has urged a federal court in Washington to block Devas Multimedia’s attempts to track down assets and enforce an $1.2-billion arbitration award won by...

A tale of two IPOs Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We'll soon meet in your inbox. / Morning Dispatch Hi, Digbijay here. Today, Ashwin and I report on two well-known payments startups and their plans to cash in during the upcoming IPO rush. SoftBank’s investment in Swiggy gets CCI nod Antrix urges US federal court to stop Devas Mobikwik files for IPO, shareholders approve Paytm’s It’s finally happening. A clutch of Indian startups, after raising venture capital money, are now set to go public. And it’s happening...

The Indian government's refusal to honour the award of an international arbitration tribunal to pay Edinburgh-based Cairn Energy its dues is becoming increasingly embarrassing. While the energy major has registered cases in various countries - the US, Netherlands, Germany, etc - for seizing government assets like Air India's aircraft, a French court has obliged and ordered a freeze on 20 Indian properties in central Paris. In a nutshell: The tax department seized and sold a 10 per cent stake in Cairn’s Indian operations in lieu of tax claims for purported capital gains related to restructur...

Synopsis Devas Multimedia, a company which is seeking over $1.2 billion it had won in a similar award against the government, and the Indian government are locked in a number of tussles. Then, there is the Vodafone case as well. Arbitration case: Cairn Energy secures French court order to seize 20 Indian govt properties in Paris Related As India tries to come to terms with the court order allowing Cairn Energy to seize the first batch of overseas Indian assets, problems for the govt may have only just started. Devas Multimedia, a company which is seeking over $1.2 billion it had won in a simi...

Grofers, Zomato and the big online grocery battle Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We'll soon meet in your inbox. / Morning Dispatch Grofers is the latest beneficiary of the boom in online grocery deliveries. The company is set to become the latest Indian startup unicorn after raising $120 million from Zomato and Also in this letter: HC to hear Twitter India MD’s petition next week Sequoia picks 13 Indian startups to accelerate E-grocery sweepstake E-grocer Grofers has signed a deal with Zomato and Tiger Global to ra...