The Indian patent regime and its clash with the U.S. norms

The U.S. Trade Representative highlighted IP challenges in India in its annual Special 301 report released last month The story so far: The U.S. Trade Representative (USTR) said in a report released last month that India was one of the most challenging major economies as far as IP protection and enforcement is concerned. It has … Read more

IIFL Finance dilutes 20% stake in home finance subsidiary

IIFL Home Finance (IHFL) is raising Rs 2,200 crore from Abu Dhabi Investment Authority (ADIA) for 20% stake. Key points to note –  IHFL is currently a 100% ‘unlisted’ subsidiary of IIFL Finance Limited (IFL) It is in the business of small-ticket (affordable) home loans, loan against property and construction finance. The subject fund raise … Read more

Elon Musk targets YouTube says video platform giant hosts nonstop scam ads

Elon Musk, the CEO of Tesla Company and one of the world’s richest people, has expressed his displeasure towards the video streaming platform YouTube which is owned by search giant Google. The Tesla CEO slammed YouTube’s service by tweeting on the micro-blogging site Twitter. Elon Musk even called YouTube a scammer. Musk tweeted,” YouTube seems … Read more

NBFCs see demand rising for used-vehicle financing

Non-banking financial companies (NBFCs) are seeing a rise in demand for used vehicle financing amid Covid. The pandemicdriven preference for owning second and third cars in households, upgrades by two-wheeler owners to preowned cars and lower cost of used vehicles are some primary reasons for the spike in demand for used vehicles. NBFCs offering loans … Read more

SEBI bans six persons from securities market in IIFL Group front running case

SEBI noted that these persons were front running the trades of six entities of IIFL Group, including IIFL Asset Management, also called Big ‘Clients’. SEBI noted that these persons were front running the trades of six entities of IIFL Group, including IIFL Asset Management, also called Big ‘Clients’. The Securities and Exchange Board of India … Read more

Tesla To Cut 10% Staff, Pauses All Hiring, Says Elon Musk

The world’s richest man and chief executive of Tesla Elon Musk has said that the electric car maker is going to reduce its staff strength by 10% and also he had a super bad feeling about the world economy. An internal email which was titled “pause all hiring worldwide,” was sent to Tesla executives on … Read more