India's shipbuilding industry is undergoing a significant transformation, driven by strategic policy initiatives aimed at boosting global competitiveness. The introduction of the INR 25,000 crore Maritime Development Fund, coupled with enhanced financial incentives for green vessels, reflects a decisive push toward modernization and sustainability. These measures position India as a formidable player in the global maritime sector, fostering innovation, investment, and long-term growth.

In a significant move to strengthen cybersecurity in telecommunications, the Telecommunications (Telecom Cyber Security) Rules, 2024, have come into force under the Telecommunications Act, 2023. These rules establish a comprehensive security framework for telecom entities, mandating cybersecurity policies, real-time threat detection, and rapid response mechanisms to combat rising cybe

We are delighted to share that Phoenix Legal acted as legal advisors to Iron Pillar Fund in connection with Series B2 fund raise of Naffa Innovations Private Limited (ToneTag). ToneTag is a sound based proximity communication provider that enables contactless proximity communication, location based services and customer engagement services among a multitude of other solutions. The round was led by Value Quest and Iron Pillar Fund co-invested in this round.

We are pleased to share that our Partner, Sumit Sinha, has been recognised in Venture Intelligence Legal Advisors Standing 2024 edition. Mr Sumit Sinha is ranked among the country's top five legal advisors for Private Equity deals. He is also recognised as a top performer with 11 deals in the Mergers and Acquisitions practice.