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3549 items in total found

Working Papers | 2022

Mutation of the trademark doctrine: Analysing actionable use to reconcile brand identities with constitutional safeguards (Revised version as on 23.05.2022)

M.P. Ram Mohan and Aditya Gupta

Trademarks serve as a storehouse of information, assuring consumers about the quality of a product by ensuring that products bearing the trademark originate from a consistent source. The trademark doctrine has accommodated this position as its underlying thesis for several decades, and consumer confusion has served as a touchstone for trademark liability. However, given the configurations of the modern marketplace, trademarks transcend their role as source-identifiers and are framed in the language of relationships rather than transactions. With continuous and consistent use, trademarks can come to signify opulence, luxury, dependability and become cultural icons. The modern trademark doctrine must accommodate these realities of the marketplace while, at the same time, accommodating the flourishing exchange of expressive uses through unauthorized use of trademarks. This push-and-pull has resulted in complete obliteration of what were already obscure boundaries between the expressive and marketing spheres of trademark law. Drawing from the American, English, and European trademark jurisprudence, the present study examines the normative foundations of the modern trademark doctrine. These foundations are then extrapolated to Indian trademark law to create a workable limitation of mutating trademark doctrine through the actionable use requirement.

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Working Papers | 2022

State-owned banks and credit allocation in India: Evidence from an asset quality review

Abhiman Das, Sanket Mohapatra, and Akshita Nigania

This paper examines the role of state-owned banks' presence in allocation of credit to different sectors in India using the central banks Asset Quality Review (AQR) as a quasi-natural experiment. The AQR resulted in a larger increase in non-performing loans of state-owned banks as compared to other banks. We exploit the heterogeneity in the presence of state-owned and other banks across districts to identify the supply side channels for bank credit reallocation. Using a difference-in-differences analysis, we find that the top-third of districts based on presence of state-owned banks branches experienced a higher fall in the share of credit to the industrial sector in the post-AQR period compared to other districts. Such districts also experienced a greater increase in retail loans, which are considered less risky compared to industrial loans. Further, an analysis using a panel vector autoregression finds that the AQR, through an increase in non-performing loans of state-owned banks, led to a decrease in economic growth at the district-level. The results of this study suggest that central bank policy reforms can influence bank credit allocation at the sub national level and have real economy effects.

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Working Papers | 2022

Impact of Mergers and Acquisitions on Innovation: Evidence from a Panel of Indian Pharmaceutical Firms

Rakesh Basant and Neha Jaiswal

Based on the literature, the paper identifies processes that get initiated post an M&A event and affect the acquiring firm's innovation efforts. We apply panel fixed effects estimation techniques to analyze the individual impact of mergers and acquisitions on R&D intensity of acquiring firms using data for 217 publically listed Indian pharmaceutical firms (both acquirers and non-acquirers) during 1999-2018. The study finds that acquisitions rather than mergers provide impetus to R&D in the acquiring firms. This suggests that these two combinations-mergers and acquisitions - do not unleash the same type of innovation activity related processes in the acquiring firm. Results also show that when mergers or acquisitions are combined with purchase of assets, they have a positive impact on R&D intensity. Purchase of assets when combined with M&A seem to provide access to relevant complementary assets that makes R&D activity profitable for the acquirer post the merger or acquisition event. Possibly, firms view purchase of assets as a strategy that is complementary to M&A strategies for enhancing innovation. The paper shows that impact of M&A on R&D takes time and it is useful to analyze the impact of mergers and acquisitions separately, rather than combining the two together.

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Popular Press | 2021

It's goodbye to fiscal orthodoxy

T T Ram Mohan

The Hindu

Popular Press | 2021

Another wave spells more nutrition loss (with Karan Singhal, and Advaita Rajendra)

Ankur Sarin

The Hindu

Popular Press | 2021

How Not To Waste A Crisis (with Sachit Jain)

Arvind Sahay

BusinessWorld

Popular Press | 2021

Same Language Subtitling For A Billion Readers

Brij Kothari

BW Education

Popular Press | 2021

Why state govts need to release death registration statistics. Now.

Chinmay Tumbe

Times of India

Popular Press | 2021

Rise of shadow entrepreneurship

Chirantan Chatterjee

The Hindu

Popular Press | 2021

Managing the medical oxygen supply chain in India(with Anand Nair)

Debjit Roy

Hindu BusinessLine