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When Parties Change 'Venue Of Arbitration' , Changed Venue Becomes 'Seat Of Arbitration' : Supreme Court

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The Supreme Court has held that when parties change the venue/place of arbitration by mutual agreement, the new venue/place will become the seat of the arbitration .
Therefore, the Courts at the changed venue/place of arbitration will be having jurisdiction over the arbitral proceedings.
A bench comprising
Justices Rohinton Fali Nariman and Hrishikesh Roy gave this significant ruling in the case
M/s Inox Renewables Ltd v Jayesh Electricals Ltd. The bench followed the precedent in
BGS SGS Soma JV vs NHPC Ltd, which held that the venue of arbitration will be the juridical seat of arbitration in the absence of contrary intention of the parties. ....

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Bharucha acts on $100m Series D for Vedantu Innovations

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In Brief
By
Kian Ganz
Tuesday, 16 February 2021 11:55
Private equity / VC
Education technology firm Vedantu has raised $100 million in Series D funding, led by US-based Coatue Management. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the fundraising. ....

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Global Ventilator Market Analysis and Forecast, 2021-2030: Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic

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Global Ventilator Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic
The global ventilator market is witnessing an exponential rise in the size of the market due to the ongoing COVID-19 pandemic. The overall market was estimated to be $1,072 million in FY 2018, and it was expected to grow at a CAGR of 7.1% in the pre-COVID scenario.
However, the COVID-19 pandemic has resulted in an extensive rise in the ventilator demand and has increased the growth rate by up to 172% in 2020. Presently, more than 45 companies are operating in this market, including already exiting healthcare companies and emerging non-healthcare companies. ....

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