Forced MP: Congress MP from Vijayawada L Rajagopal has petitioned the Delhi HC to rid him of his MP post, alleging that he is being forced to carry on as MP despite handing over a resignation on 2 August in protest against the bifurcation of Andhra Pradesh [India Today]
Infosys US soup: India’s second largest software exporter Infosys will pay $35m to avoid restrictions on its use of US work visas under a potential resolution of the company’s use of entry permits. It received a federal grand jury subpoena seeking records related to its sponsorships for B-1 business visas and its use of them and reserved $35 million for a settlement tied to the probe [Bloomberg]
Vodafone bullish on India: World’s second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore in raising its stake in the Indian arm to 100 percent [Money Control]
Mumbai nightlife out of licence shackles: Mumbai restaurateurs now need only 19 instead of 38 clearances to open up joints in the city. Discontinued licenses and permits include that for rolling shutters, medical certificates for employees, permit room licence, pollution NOC, police registration certificate, live orchestra, permit for chimney and the DJ licence from police. Several other licences and permits will be combined to clear the clutter. For instance, there will be now a combined licence for signages, neon signs and stall boards [Mumbai Mirror]
Indian business sense(lessness): India’s rank has experienced no noticeable change in the World Bank and IFC’s Doing Business Rankings’ 2014 edition, suggesting that reforms have had minimal impact. India has dropped three places from 131 to 134 out of a total 189 countries [India Corp Law]
Patent suits: A barrage of patent infringement suits against generic drug companies since 2009 threatens to overturn the compulsory licensing regime, argues Frontline
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