India’s 2017 Trademark Rules Are Progressive

In an effort to streamline, simplify and expedite the trademark registration processes, the Government of India has replaced the Trade Marks Rules 2002, with a forward looking and more progressive Trade Mark Rules, 2017. Some of the salient features of the new rules as reported by Indianceo are: Reduction in the number of trademark forms […]

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March 19, 2017   No Comments

NetApp Inaugurates a Global Center of Excellence in India

Sunnyvale, California-based storage and data management company NetApp opened a Global Center of Excellence in Bangalore. The 12,000-square-foot data center and engineering laboratory on a 15-acre campus incorporates one   million square feet of work space. The new facility incorporates the company’s first startup accelerator program called “Escape Velocity” that will foster technology startups and expand […]

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March 18, 2017   No Comments

Baxter Acquires India’s Claris Lifesciences

To boost its position in the global sterile injectables market, estimated at more than $40 billion and growing at a 10% annually, Illinois-based Baxter International acquired Ahmedabad, India-based Claris Lifesciences, that deals in the specialty injectables business, for $625 million. The deal will close in the second quarter of 2017. Baxter CEO Joe Almeida said, “The […]

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March 15, 2017   No Comments

India’s GST Council Caps Tax at Source at 1% for E-Commerce

The Goods and Services Tax (GST) Council has decided “to provide for up to 1 percent Tax Collected at Source” for e-commerce companies, a senior government official explained. The supplier of goods can set off the tax against its final GST liability, and so theoretically, the levy can be even lower than 1 percent. The […]

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March 15, 2017   No Comments

India Resets Logistics Sector to “Hub-and-Spoke” Model

Introducing a multi-modal program to reduce logistics costs and make the economy competitive, India has abandoned its previous “point-to-point” logistics model in favor of a “hub-and-spoke” one, where railways, highways, inland waterways and airports will in tandem to form an effective transportation grid. Nitin Gadkari, minister for road transport and highways, shipping and ports said […]

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March 15, 2017   No Comments