Abhishek Law

1 month ago | thehindubusinessline.com | Abhishek Law

Indian steel-makers exporting to the EU are bracing for probable reduced market access, which could lead to significant financial hit, and increased competition on account of tightened safeguard measures. There will also be less flexibility, for India, to utilise unused quota volumes from other countries. The EU, amongst the largest finished steel export markets for India, has introduced significant amendments to its safeguard measures, effective April 1.

1 month ago | thehindubusinessline.com | Abhishek Law

Amidst Trump’s tariff war, the EU has scaled down on CBAM rigidness with a set of revised guidelines. India, on its part, started discussions on these Carbon Border Adjustment Mechanism (CBAM) proposals – that simplify reporting norms but also bring in stricter emission calculations – to analyse the impact on export-oriented sectors like steel and others.

1 month ago | thehindubusinessline.com | Abhishek Law

SIS Cash Services Ltd, the country’s second-largest cash logistics company by revenue, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).  The IPO, with a face value of ₹10 per equity share, comprises a fresh issue of shares worth up to ₹100 crore and an offer-for-sale (OFS) of up to 3,715,150 equity shares by the promoter selling shareholders.

1 month ago | thehindubusinessline.com | Abhishek Law

The National Company Law Appellate Tribunal (NCLAT) has upheld a penalty imposed on Google by the Competition Commission of India (CCI) for abusing its dominant position in the digital payments and app store markets, while ruling that the payment system is anti-competitive. However, the quantum of penalty has been reduced to ₹216.69 crore from ₹936.44 crore. Google will now have to allow alternative payment systems for apps and in-app purchases.

1 month ago | thehindubusinessline.com | Abhishek Law

Indian Railways, as part of its Net Zero carbon emission plans by 2030, has installed 756 MW – around 8 per cent of its projected traction requirement - of renewable power capacities through sources that include solar–rooftop and land, wind and hybrid arrangements. Railways has projected a traction requirement (for running engines) of 10,000 MW by 2030. The transporter has already tied up 1,500 MW of renewable energy. In addition, it will be setting up its own solar systems.