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Antrix asks US court to stop Devas

Antrix asks US court to stop Devas
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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 the satellite firm in 2015, marking the latest in a series of legal challenges mounted by the two parties. ....

New York , United States , Republic Of India , Anirudh Krishnan , Indian Space Research Agency , Newspace India , Vantrix Corp , National Company Law Appellate Tribunal , Cairn Energy Plc , Court Judgment , Telcom Devas Mauritius , International Chamber , Devas Mauritius Ltd , Newspace India Limited , Department Of Space , Delhi High Court , Supreme Court , Air India , National Company Law Tribunal , Devas Employees Mauritius Private , Devas Multimedia America Inc , Devas Multimedia , Devas Employees Mauritius Private Limited , Telcom Devas Mauritius Limited , Bilateral Investment Treaty , புதியது யார்க் ,

A tale of two IPOs

A tale of two IPOs
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/ 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 fast. ....

New York , United States , Tamil Nadu , Andhra Pradesh , South Korea , Republic Of India , South Korean , Phani Kishan , Sangeeta Gupta , Bipin Preet Singh , Akshant Goyal , Tesla Gigafactory , Upasana Taku , Vijay Shekhar Sharma , China Alibaba Group , Indian Space Research Agency , Hm Group , Amazon Web Services , Vantrix Corp , Qatar Investment Authority , Goldman Sachs , Cairn Energy Plc , Softbank Vision Fund , National Restaurants Association Of India , Air India , Ali Baba Group ,

India needs to settle with Cairn Energy and the rest

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 restructuring of the company in 2006. The tax department relied on an amendment to the Finance Act which allowed levy of taxes retrospectively since 1962. ....

France General , United Kingdom , Vittorrio Colao , David Nisbet , Justice Radhakrishnan , Pranab Mukherjee , Hutchinson Whampoa , Gurbir Singh , Cairn Energy , Vantrix Corp , Vodafone Group , Supreme Court , Air India , Income Tax Department , Permanent Court , Edinburgh Based Cairn Energy , Finance Act , Elliot Capital , ஒன்றுபட்டது கிஂக்டம் , டேவிட் நிஸ்பெட் , நீதி ராதாகிருஷ்ணன் , பிரணப் முகர்ஜி , குர்பீர் சிங் , கெய்ன் ஆற்றல் , ஆன்ட்ரிக்ஸ் கார்ப் , வோடபோன் குழு ,

With Cairn getting hold of India's overseas assets, govt's problems may've only just begun

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 similar award against the government, is now likely to push for similar court-mandated measures following today s French order favouring Cairn. ....

United States , Cairn Energy , Supreme Court , Air India , Vantrix Corp , International Chamber , Vodafone Group , ஒன்றுபட்டது மாநிலங்களில் , கெய்ன் ஆற்றல் , உச்ச நீதிமன்றம் , அேக இந்தியா , ஆன்ட்ரிக்ஸ் கார்ப் , சர்வதேச அறை , வோடபோன் குழு ,

Grofers, Zomato and the big online grocery battle

Grofers, Zomato and the big online grocery battle
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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 raise $120 million, sources have told us. We were the first to report on May 7 that Zomato was in talks to invest $100 million in Grofers at a $1-billion valuation. ....

Blue Hill , New York , United States , Uttar Pradesh , Andhra Pradesh , Hong Kong , Republic Of India , Bajrang Dal , Brandi Bryant , Sameer Seth , Anirudh Krishnan , Jerry Yang , Tata Digitalacquired , Indian Space Research Agency , Axis Bank , Amazon Web Services , Vantrix Corp , Karnataka High Court , National Restaurant Association Of India , Bryant Consulting Group , Hunger Inc , Softbank Vision Fund , Cairn Energy Plc , Cantor Fitzgerald , Tide Platform Ltd , Bharat Innovation Fund ,