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Bar Council on the warpath again

Financial Express Kochi

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August 06, 2025

JUST WEEKS AFTER slamming the Society of Indian Law Firms (SILF) for its protectionist approach towards the entry of foreign law firms into India, the Bar Council of India (BCI) today sent strongly worded notices flagging unauthorised collaborations or combinations between Indian law firms and foreign law firms, particularly mentioning CMS IndusLaw and Dentons Link Legal, the two firms that have forged arrangements with foreign legal entities.

- JYOTSNA BHATNAGAR

Senior lawyers said the BCI's ire was "probably directed at the use of a common brand name which it feels is in violation of the BCI new rules."

It may be recalled that the BCI, after several flip-flops over the years, had finally come out with detailed guidelines permitting the entry of foreign law firms and lawyers into the rapidly growing Indian legal industry, on May 14 this year. Soon after, on May 28, reputed full services law firm IndusLaw had announced a tie-up with global legal giant CMS.

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THE GOVERNMENT WILL prioritise green fuel-based farm machinery and enhance access to mechanisation for small and marginal farmers as part of India's vision to become a global food basket by 2047, Agriculture Secretary Devesh Chaturvedi said on Thursday.

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Unified portal soon to help retrieve unclaimed assets

THE FINANCE MINISTRY is working with the Reserve Bank to develop a unified portal to enable savers and retail investors to claim all unclaimed assets across asset classes such as bank deposits, pension fund, shares, and dividends, Department of Financial Services Secretary M Nagaraju said on Thursday.

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NBBL targets one billion monthly transactions

NPCI BHARAT BILLPAY'S (NBBL) platform aims to process 1 billion transaction per month over the next three years, said Noopur Chaturvedi, MD & CEO of NBBL, a wholly owned subsidiary of the National Payments Corporation of India.

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Meesho to raise up to ₹5,400 crore through IPO

INDIAN E-COMMERCE PLATFORM Meesho will raise up to %5,400 crore through an initial public offering that will open on December 3, sources said.

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1 min

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Benchmarks touch lifetime highs

ACCORDING TO Aashish P Sommaiyaa, ED & CEO of WhiteOak Capital AMC, while domestic flows are sustainable, FPI outflows are abating and there are early signs of change.

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Private telcos flag gaps in DPDP Rules

THE CELLULAR OPERATORS Association of India (COAI), which represents the three private telcos in the country, has said that several areas in the Digital Personal Data Protection (DPDP) Rules, 2025 require clearer articulation to support smoother and industry-aligned compliance.

time to read

1 min

November 28, 2025

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