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1. Shardul Amarchand Mangaldas acts on Union Bank of India $600 million senior notes issuance

Shardul Amarchand Mangaldas acts on Union Bank of India $600 million senior notes issuance Union Bank of India, acting through its Dubai International Financial Centre branch, has made an issuance of

Shardul Amarchand Mangaldas acts on Union Bank of India $600 million senior notes issuance

Shardul Amarchand Mangaldas acts on Union Bank of India $600 million senior notes issuance Union Bank of India, acting through its Dubai International Financial Centre branch, has made an issuance of $600 million senior unsecured notes in two tranches. Shardul Amarchand Mangaldas & Co advised Union Bank of India on this bond issuance. The transaction was led by Shubhangi Garg (Partner), with support from Ankeeta Parhi (Principal Associate), Sandeep Grewal (Senior Associate) and Dhwanit Rathor (Associate). Gouri Puri (Partner) and Nimish Malpani (Principal Associate) advised on tax law aspects. The issuance comprised $300 million 5.230% Senior Unsecured Notes due 2029 and $300 million 5.417% Senior Unsecured Notes due 2031. The Notes were offered to eligible investors outside the United States in accordance with Regulation S under the U.S. If you would like your Deals, Columns, Press Releases to be published on, please fill in the form available here.

2. Trilegal, Quillon Partners act on Tynor securing $200 million investment from Kedaara Capital

Trilegal, Quillon Partners act on Tynor securing $200 million investment from Kedaara Capital Kedaara Capital has made a strategic investment of $200 million in Tynor Orthotics Private Limited, acquir

Trilegal, Quillon Partners act on Tynor securing $200 million investment from Kedaara Capital

Trilegal, Quillon Partners act on Tynor securing $200 million investment from Kedaara Capital Kedaara Capital has made a strategic investment of $200 million in Tynor Orthotics Private Limited, acquiring a majority stake in Tynor. Trilegal advised Tynor, its promoters, professional management team, as well as existing stakeholder Lighthouse Funds in relation to this transaction. The transaction was led by Amit Khansaheb (Partner), Vishruta Kaul (Partner) and Pratyush Singh (Partner), with support from Aayush Sood (Counsel), Advaye Sawhny (Senior Associate), Neha Koppu (Senior Associate), Associates Mukund Agarwal, Akshat Jain and Rohan Tolani. Rahul Arora (Partner), Yashasvi Gupta (Senior Associate) and Shivek Jhanda (Consultant) advised on real estate law aspects.. Quillon Partners advised Kedaara Capital on this investment. The transaction team was led by Ankit Majmudar (Partner) and Shriti Shah (Partner). Founded in 1993, Tynor specialises in orthopaedic supports, mobility aids, rehabilitation and sports performance enhancement solutions with an extensive reach spanning over 300,000 retail outlets and 8,000 hospitals across 60 countries. Singh, to deepen the brand’s reach across India, expand its presence in international markets, and invest in world-class, efficient manufacturing.

3. Vinayak Savarkar did not hate Muslims, wanted their progress: Savarkar kin to Pune court

Vinayak Savarkar did not hate Muslims, wanted their progress: Savarkar kin to Pune court Leader of Opposition (LoP) Rahul Gandhi falsely depicted Hindutva ideologue Vinayak Damodar Savarkar as an extr

Vinayak Savarkar did not hate Muslims, wanted their progress: Savarkar kin to Pune court

Vinayak Savarkar did not hate Muslims, wanted their progress: Savarkar kin to Pune court Leader of Opposition (LoP) Rahul Gandhi falsely depicted Hindutva ideologue Vinayak Damodar Savarkar as an extreme hater of Muslims and a mob lyncher, Savarkar's grandnephew Satyaki Savarkar told a Pune court on Tuesday [Satyaki Savarkar v. Satyaki said that Vinayak Savarkar did not hate Muslims as claimed by Gandhi; rather he wanted their progress, Satyaki said. Satyaki was testifying as part of the trial in the criminal defamation case filed by him against Gandhi for the latter's speech in London in 2023 in which he allegedly referred to an incident described in Savarkar’s writings. Rahul Gandhi reportedly claimed that Vinayak Savarkar, along with others, had assaulted a Muslim man and found the act “pleasurable.” Satyaki’s criminal complaint in Pune court alleged that Gandhi’s speech was highly defamatory. Satyaki is currently being cross-examined in the matter by Gandhi's lawyer. In his cross examination, Gandhi’s counsel, advocate Milind D Pawar, asked Satyaki on Tuesday to recount the exact defamatory words used by Gandhi. Satyaki then recounted how Gandhi claimed Savarkar had written a book in which he and couple of his friends were described beating a Muslim man and found the same to be enjoyable. Satyaki vehemently rejected this characterisation. “By these words, Savarkar was portrayed as an extreme hater of Muslims and as a mob lyncher.

4. Karnataka HC grants relief to man booked for sexual harassment after urinating near railway track

Karnataka HC grants relief to man booked for sexual harassment after urinating near railway track The Karnataka High Court on Tuesday quashed criminal proceedings filed against a man accused of sexual

Karnataka HC grants relief to man booked for sexual harassment after urinating near railway track

Karnataka HC grants relief to man booked for sexual harassment after urinating near railway track The Karnataka High Court on Tuesday quashed criminal proceedings filed against a man accused of sexually harassing a woman after she came across him attending nature's call near a railway track. The complainant woman had accused the accused man of exposing his private parts to her and making certain inappropriate gestures at her. The Court, however, found that it appeared to be a case where the accused man had made some gestures out of shock when he found that the woman had seen him while he was urinating. Justice M Nagaprasanna opined that this cannot amount to the offence under Section 75 (2) of the Bharatiya Nyaya Sanhita, 2023 (BNS), which deals with the offence of sexual harassment. The Court, therefore, allowed the accused man's plea to quash the criminal case against him. "The petitioner admittedly, even according to the complaint, was answering a nature's call... after searching for a public toilet all over and not finding it... The gesture that the complainant narrates is only a shock that the petitioner saw the complainant, as is narrated in the statement itself. That would not become in the considered view of this court an ingredient of outraging the modesty of a woman under Section 75(2).

5. Centre to require pharmas to distinguish biologics from synthetics

Centre to require pharmas to distinguish biologics from synthetics New Delhi: The Centre plans to require pharmaceutical companies to clearly distinguish biological medicines (biologics) from syntheti

Centre to require pharmas to distinguish biologics from synthetics

Centre to require pharmas to distinguish biologics from synthetics New Delhi: The Centre plans to require pharmaceutical companies to clearly distinguish biological medicines (biologics) from synthetic drugs when seeking licences and on packaging through changes to the Drugs Rules, 1945, according to two government officials close to the discussions and documents reviewed by. The proposed regulatory intervention aims to address ambiguity around drugs, such as semaglutide, that can be produced chemically as well as biologically. The anti-diabetic and anti-obesity drug can be produced through either chemical synthesis or biological methods such as recombinant DNA (r-DNA) technology. The biological process involves combining DNA from different organisms and inserting it into a host such as yeast or bacteria, which then produces the target therapeutic protein. But the existing framework lacks a statutory definition of biological products, allowing drugmakers to obtain licences under both categories for the same molecule. To plug the loophole, the Indian government plans to define biological products and mandate manufacturers to declare whether an active ingredient is chemically synthesized or biologically derived from human, animal, or microbial sources. “Form 28 governs licensing for synthetic products, while Form 28D is required for biological products under central oversight. Because the Drugs Rules, 1945, do not define a biological product due to its evolving nature, manufacturers are taking licences under different forms for the same product,” said one of the first officials cited above on the condition of anonymity. reported on 24 August that the Indian Pharmacopoeia Commission (IPC) was drafting a dedicated monograph for semaglutide, setting official standards for the drug’s identity, purity, potency and testing.

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