In a recent development, Karnataka and Tamil Nadu have allowed 12-hour workdays for factories, marking an increase from the erstwhile 8-hr cap. Other Indian states are likely to follow suit in a bid to make India a preferred manufacturing hub.
In this article by LiveMint, Our Partner, Sanket Jain opines on the potential impact on the manufacturers and workers and how a successful transition may not be possible for most factories considering the practical difficulties.
You can read the article here -https://lnkd.in/gpk_dFjp

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Mergers and Acquisitions: advised on strategizing and structuring acquisition of entities and slump sale transactions including various legal aspects of transactions in the education, media and entertainment, healthcare, etc. provided guidance on regulatory approvals, disclosures and corporate governance issues, etc. and due diligence of companies operating in various sectors. This includes a wide variety of earn-out and deferred consideration transactions. Private Equity and Venture Capital: advised major investors, offshore and domestic private equity houses, start-ups and venture capitals on the entire cycle of making investments in diverse industries such as brokerage, hospitality, etc. till their exit including due diligences, structuring, regulatory advice and post-transaction support. General Corporate and Commercial Contracts: advised on formation and maintenance of entities and procedural requirement and documentation for private placement, rights issue, sweat equity and ESOP allotment. Advised on issues related to exchange control regulations, SEBI regulations, Companies act, etc.