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How Safexpress bootstrapped its way to build India's largest PTL Express business

How Safexpress bootstrapped its way to build India's largest PTL Express business

Economic Times2 days ago
For Delhi-based Rubal Jain and his family, who run India's largest Express Part Truck Load (PTL) business, the roadmap to success has always been simple: don't bite off more than you can chew — or as they put it, 'Utna karo jitna kar sakte ho.' Stay frugal, focus on profits, and let cash flows call the shots. 'We are a conservative Marwari family and hence the concept of profit and positive cash flows was very high. So, there were years where we
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‘GI proprietors can file suit': HC dismisses PIL by lawyers  against ‘unauthorised use' of  Kolhapuri chappal by Prada
‘GI proprietors can file suit': HC dismisses PIL by lawyers  against ‘unauthorised use' of  Kolhapuri chappal by Prada

Indian Express

timean hour ago

  • Indian Express

‘GI proprietors can file suit': HC dismisses PIL by lawyers against ‘unauthorised use' of Kolhapuri chappal by Prada

The Bombay High Court Wednesday dismissed a public interest litigation (PIL) by six Pune-based lawyers seeking action against Italian luxury brand Prada for allegedly showcasing footwear resembling Kolhapuri chappal in its spring-summer 2026 menswear collection. A division bench of Chief Justice Alok Aradhe and Justice Sandeep V Marne was hearing a PIL, which claimed that the Kolhapuri chappal was already protected as a Geographical Indication (GI) under the Geographical Indications of Goods (Registration and Protection) Act and is a 'cultural symbol' of Maharashtra. The court asked the petitioners what their 'locus standi' was, and what the 'public interest' was. It also asked them why the Sant Rohidas Leather Industries and Charmakar Development Corporation Ltd. (LIDCOM) of Maharashtra government, which was made a respondent, could not file the suit. The petitioners, among other prayers, sought direction restraining Prada from commercialising and using the 'toe ring sandals', claiming that the same was originally 'Kolhapuri chappal' and they cannot use the same without any authorisation availed from the registered proprietor or authorised users. The plea also sought compensation to the artisans' community for 'reputational and economic damages'. The bench orally questioned petitioners, 'You want an injunction in PIL? Let (the) affected parties file a suit. Why can't the proprietors of GI file it? You will have to tell us two things. What is your locus standi and public interest? Every person, whosoever is aggrieved by infringement of GI can take action in accordance with law. If you are an aggrieved person, do so. Infringement action cannot be decided in PIL. It will require evidence. It is not that the proprietor of GI cannot come to the court due to social or economic background that you (petitioners) have to espouse their cause. The proprietors can take their own action.' Advocate Ganesh Hingmire for petitioners responded that although they were not owners or proprietors of GI, they had worked for the community to protect their intellectual property rights, which were infringed due to Prada's action. Senior advocate Ravi Kadam for PRADA Group contested the maintainability of the plea, stating that the petitioners lacked locus standi (legal standing) to file it. He argued that the two leather industries or corporations from Maharashtra and Karnataka are jointly registered proprietors of the GI and have the right to file a suit for infringement in case the word 'Kolhapuri' is used in relation to footwear. After perusing submissions, the bench in its order noted that LIDCOM and Dr. Babu Jagjivan Ram Leather Industries Development Corporation Ltd. (LIDKAR) of Karnataka government, were registered proprietors of GI for Kolhapuri Chappals and 'they can bring an action against any unauthorised user for infringement' through a suit under the GI Act, if they believe PRADA unauthorisedly used registered GI. The HC said that such an action cannot be permitted to be agitated through PIL and that both the organisations were established to look after welfare of artisans and 'posses necessary wherewithal' for bringing action against PRADA. Dismissing the PIL, the HC also said adjudication of dispute on claims of similarity between two products and infringement required leading of evidence and same cannot be under through PIL. The HC clarified that the dismissal should not 'come in the way of registered proprietors of GI in Kolhapuri Chappal to initiate action against PRADA in accordance with law, if they so desire.'

University of Southampton opens India's first foreign varsity campus
University of Southampton opens India's first foreign varsity campus

Business Standard

time2 hours ago

  • Business Standard

University of Southampton opens India's first foreign varsity campus

The Gurugram campus marks the first operational foreign university in India under NEP 2020 reforms, offering UK-aligned UG and PG courses and enabling student mobility Sanket Koul New Delhi Listen to This Article Union Education Minister Dharmendra Pradhan on Wednesday inaugurated the Gurugram campus of the UK-based University of Southampton, making it the first foreign university to operationalise its campus in India. The university received its official letter of intent from the Union education ministry in August last year, followed by a public announcement and formal launch on September 13, 2024. The development follows the University Grants Commission's 2023 notification of rules facilitating the entry of foreign higher education institutions into India as part of the National Education Policy 2020 reforms. Under these regulations, foreign institutions seeking to establish campuses in India must

RBI reviews ULI rollout with lenders amid slow adoption
RBI reviews ULI rollout with lenders amid slow adoption

Time of India

time2 hours ago

  • Time of India

RBI reviews ULI rollout with lenders amid slow adoption

Mumbai: The Reserve Bank of India ( RBI ) leadership on Wednesday met officials of banks and non-banking finance companies to discuss the way to boost lending under the Unified Lending Interface (ULI), which is positioned as the UPI for loans. M. Nagaraju, secretary, department of financial services, and RBI deputy governor, T. Rabi Sankar, were present at the meeting. The two officials had also met last month in New Delhi to discuss scaling up ULI, which is a digital public infrastructure in the lending space and aims to unlock critical financial, non-financial and alternative data for lenders to enable informed credit decisions. Explore courses from Top Institutes in Select a Course Category Others Project Management MBA Leadership Technology PGDM Data Science Finance Operations Management Digital Marketing Artificial Intelligence Healthcare Design Thinking Data Analytics healthcare CXO Public Policy Data Science Degree Cybersecurity others Management Product Management MCA Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details "The regulator wanted to know whether ULI is facing issues, and how to resolve them," said a person aware of the discussions. "Some lenders told the RBI that they already have the technology stack and tie-ups in place for different loan products and, hence, the integrating ULI has been slow." The person cited above also attributed a slow start to regulatory scrutiny on the type of instruments that would have been at the vanguard of the ULI, developed by the Reserve Bank Innovation Hub. "Adoption also was lower because of the overall caution among lenders, especially in the unsecured segment," said the person aware of the discussions. "Incidentally, the early use case was around small-ticket personal loans , which came under regulatory scrutiny." Live Events More than 600,000 loans amounting to ₹27,000 crore have been disbursed using the ULI platform until early-December 2024, RBI data showed. According to industry executives, the sources of lead for lenders in ULI was mainly surrounding personal loans and unsecured small-business lending, both of which dried out because of cautious lending. "Some lenders also tried supply chain financing via ULI. But that too did not take up. Lending is a growing market, hence ULI will also pick up gradually. However, there needs to be the establishment of a use case," said a senior official with a Mumbai-based NBFC. At least 36 lenders, including various banks and NBCs have been onboarded till December 2024. These lenders are using more than 50 data services including, authentication and verification services, land records data from six states, satellite service, property search, dairy insights and document verification, to gain customer information.

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