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Showing posts from January, 2021

Legal Capsule by Veyrah Law

‘Unmanned Aerial Vehicles – ‘Drones’: Rise of the Unmanned Industry?’ Unmanned aerial vehicles also famously referred to as ‘ drones ’ took flight way back in the mid-19 th  Century, when they were exclusively used for military purposes. Their scope was predominantly limited to military operations till as recently as 2010. The technological advancements over the last 10 years or so have drastically transformed the drone industry from it being limited to military operations to it becoming a niche hobby, majorly on account of it being expensive for general public. Therefore, an influx of manufacturers accessed the demand in the market and started to produce and sell cheaper recreational drones which were easy to operate without the need for adequate training. This rising intrigue for drones was further flamed by Amazon’s announcement in 2015 to use drones for delivering products in under 30 minutes. This garnered a lot of attention among those who could use drones for commercial purposes

Legal Capsule by LexCounsel

Space Based Remote Sensing Policy, 2020   Dissemination of remote sensing data to support development activities in India are guided by the Remote Sensing Data Policy of India of 2001 and 2011. The remote sensing technology was promoted by the Indian Space Research Organisation (ISRO) in early seventies and ISRO launched its first remote sensing satellite in 1988. Since then, ISRO satellites have been providing crucial remote sensing data and information on critical issues such as natural resources, climate change, disaster management etc. and the data is being used for a variety of applications and developmental and operational activities. The Department of Space (“ DOS ”) vide its Notification No. DS-3p-16013/62/2020-Sec-3 dated November 20, 2020 issued the draft Space-based Remote Sensing Policy of India (“ RS Policy 2020 ”) and draft Norms, Guidelines and Procedures for implementation of RS Policy 2020 (“ RS NGP 2020 ”) for public consultation and submission of suggestions. The int

PE-VC investments in 2020 cross $39-B to create a "hat trick" of all time highs

Press Release:  Private Equity - Venture Capital (PE-VC) firms, shrugged off the pandemic induced blues, to invest a record $39.2 Billion in Indian companies (across 814 deals) in 2020,  shows data from  Venture Intelligence  - a research service focused on private company financials, transactions, and their valuations. The $17.3 Billion* invested by US-headquartered private equity and other global sovereign wealth funds in Reliance Industries Limited (RIL) Group firms - including in the telecom-focused holding company  Jio Platforms ($9.9 Billion), Reliance Retail ($6.4 Billion), and  Reliance Digital Fibre Infrastructure Trust ($1 Billion) - accounted for 44% of the total PE-VC investment value in 2020. (*This figure excludes the $10.2 Billion in strategic investments by Silicon Valley tech giants Google and Facebook in Jio Platforms). On the back of the RIL deals, PE-VC investments in 2020 grew 6.6% over the   $36.3 Billion (across 1012 deals) invested in 2019 and helped create a