Summary: SEBI has recently proposed an overhaul of the Portfolio Managers Regulations, opening doors that have stayed shut until now. Discretionary portfolio managers may soon be allowed to invest in pre-IPO securities and unlisted debt, while portfolio managers more broadly may be
Summary: This article examines the Delhi High Court’s judgement in ANI v. Open AI as more than a copyright ruling, arguing that its reasoning on what constitutes “research” offers a persuasive analytical framework for one of the central uncertainties under
Summary: The Securities Markets Code Bill, 2025, introduced Clause 92 and Clause 93 as parallel provisions to govern fraudulent and unfair practices and market abuse, respectively. The Parliamentary Standing Committee, in its recently released report on the Bill, found that
Summary: The Delhi High Court has refused ANI Media’s interim injunction application against OpenAI holding on a prima facie basis that the scraping and storage of copyrighted content to train LLMs constitutes fair dealing under Section 52(1)(a) of the Copyright
Summary: Clause 73 would make the Insolvency and Bankruptcy Board of India the country’s statutory Valuation Authority. The profession needs a regulator, but the insolvency regulator may be the wrong home for it, as India’s own expert committee and the
Summary: NFRA is fast becoming the new benchmark of governance for audit quality, financial reporting and audit committee oversight. This blog examines how the Corporate Laws (Amendment) Bill, 2026 proposes to strengthen NFRA’s framework, why this matters for boards, audit
Summary: The RBI has released the Draft Guidance on Regulatory Expectations for Data Governance, proposing a comprehensive enterprise-wide framework applicable across banks, NBFCs, payment banks, co-operative banks, CICs, and other regulated entities. The Draft Guidance emphasises board oversight, defined data
Summary: The Reserve Bank of India has proposed a formal framework for deployment of device-based restrictions in smartphone financing. This tool has been in operation for a while now and regulation is only just catching up. The Draft Amendments may
Summary: Indian banks are now permitted to finance acquisitions of ‘control’ over target companies, marking the most significant liberalisation of acquisition financing in India in decades. However, where the target is a listed company, the mandatory open offer obligations under
Summary: The Gujarat Government has unveiled the Viksit Gujarat Data Center Policy 2026-2029 (“Policy”), to promote hyperscale and colocation data centers in the state, marking a significant shift from its earlier incentive regime for data center projects under the IT/ITES
