RCK Analytics

M-109, City Avenue Corporate Park, Next to Sayaji Hotel, Wakad,

Mumbai-Bangalore Highway, Pune, Maharashtra, India – 411057

 
TABLE OF CONTENTS

1.   Acceptance of Terms
2.   About RCK Analytics
3.   Definitions
4.   Scope of Application
5.   Permitted Use and Grant of Licence
6.   Prohibited Uses and Conduct
7.   Intellectual Property Rights
8.   Content on the Website — Disclaimers and Limitations
9.   No Financial, Investment, or Professional Advice
10.   Research and Publications Disclaimer
11.   Confidentiality and Non-Solicitation
12.   Artificial Intelligence and Generative AI Disclaimer
13.   Third-Party Links and External Resources
14.   User Submissions and Communications
15.   Password, Account Security, and Access Controls
16.   Website Availability and Technical Matters
17.   Limitation of Liability
18.   Indemnification
19.   Compliance with Laws and Export Controls
20.   Regulatory and Financial Services Disclaimer
21.   Privacy and Data Protection
22.   Modifications to These Terms
23.   Suspension and Termination
24.   Governing Law and Dispute Resolution
25.   Severability, Waiver, and Entire Agreement
26.   Contact Information and Grievance Redressal

1.  Acceptance of Terms

These Terms of Use (“Terms” or “Terms of Use”) are entered into between RCK Analytics (“RCKAnalytics,” “we,” “us,” or “our”) and you (“User,” “you,” or “your”), and govern your access to and use of the RCK Analytics website located at www.rckanalytics.com, including all associated subdomains, pages, content, publications, tools, research materials, and services made available thereon (collectively, the “Website” or “Site”).

By accessing, browsing, downloading content from, submitting inquiries through, or otherwise using this Website in any manner whatsoever, you represent and warrant that:

• You are at least eighteen (18) years of age or the age of legal majority in your jurisdiction, whichever is greater;
• You have the full legal capacity, authority, and right to enter into these Terms;
• If you are accessing this Website on behalf of a company, organisation, or other legal entity, you have the authority to bind such entity to these Terms, and in such case, “you” shall refer to that entity;
• You are not prohibited by applicable law from accessing or using this Website or the content hereon;
• You have read, understood, and agree to be legally bound by these Terms of Use, the Privacy Policy, and any additional terms, guidelines, or policies published on the Website.

IF YOU DO NOT ACCEPT THESE TERMS IN THEIR ENTIRETY, YOU ARE NOT PERMITTED TO ACCESS OR USE THIS WEBSITE OR ANY CONTENT CONTAINED HEREIN. YOUR CONTINUED USE OF THIS WEBSITE FOLLOWING ANY AMENDMENT TO THESE TERMS SHALL CONSTITUTE YOUR ACCEPTANCE OF THE REVISED TERMS.

These Terms of Use govern access to and use of the Website only and do not constitute, and shall not be construed as, a contract for the provision of professional services. Any engagement of RCK Analytics for professional services shall be exclusively governed by a separate written service agreement, engagement letter, or master services agreement executed between RCK Analytics and the relevant client.

2.  About RCK Analytics

RCK Analytics is a professional research, analytics, and advisory firm headquartered in Pune, Maharashtra, India, providing world-class services to leading financial institutions, investment banks, private equity firms, asset managers, hedge funds, consulting firms, and corporate clients globally. RCK Analytics serves clients across the United States, Europe (including the United Kingdom), the Middle East, and other international markets.

Our professional service portfolio encompasses the following domains:

• Investment Banking – M&A advisory, debt markets, ratings advisory, valuation, transaction support, and presentation services;
• Investment Research – equity research, financial valuation, fixed income and credit research, hedge fund support, and sell-side / buy-side research;
• Private Equity and Venture Capital – deal sourcing, due diligence, financial modelling, and portfolio analytics;
• Data Science and Engineering – advanced analytics, machine learning, generative AI, business intelligence, and data engineering;
• Strategic Consulting – market entry strategy, competitive intelligence, and business strategy advisory;
• Financial Modelling – integrated financial models, LBO analysis, DCF valuation, and scenario modelling;
• Market Intelligence – sector reports, competitive benchmarking, and market sizing;
• Credit Risk Analysis – credit assessments, portfolio monitoring, and risk modelling.

We serve clients across the BFSI, TMT, Healthcare, Manufacturing, Commodities, Energy and Utilities, and Hospitality sectors.

3.  Definitions

For the purposes of these Terms of Use, the following terms shall have the meanings ascribed below:

3.1  ‘Website’ or ‘Site’

Refers to the RCK Analytics website at www.rckanalytics.com, including all pages, subdomains, digital assets, tools, and services accessible through that domain.

3.2  ‘Content’ or ‘Materials’

All text, articles, research publications, white papers, reports, financial models, presentations, images, graphics, data sets, tools, software, databases, designs, trademarks, logos, and all other material published, displayed, or made available on or through the Website.

3.3  ‘User’

Any individual or entity that accesses, browses, or uses the Website in any capacity, whether or not they have established a formal client relationship with RCK Analytics.

3.4  ‘Professional Services’

The research, analytics, advisory, consulting, and related services provided by RCK Analytics to its clients pursuant to separate written engagement agreements, distinct from the general informational content of the Website.

3.5  ‘Intellectual Property’

All patents, patent applications, trademarks, service marks, trade names, registered designs, copyrights, database rights, trade secrets, know-how, and all other intellectual property rights, whether registered or unregistered, subsisting anywhere in the world.

3.6  ‘User Submissions’

Any information, content, data, materials, or communications submitted by a User to RCK Analytics through the Website, including inquiries submitted via the contact form, subscription sign-ups, and career applications.

3.7  ‘Third-Party Content’

Any content, data, or information sourced from third parties and referenced or incorporated into the Website, including but not limited to data from Bloomberg, Refinitiv, S&P Global Market Intelligence, PitchBook, and other financial data providers.

4.  Scope of Application

These Terms of Use apply to all Users who access or use the Website, irrespective of jurisdiction, including Users located in India, the United States, the European Union, the United Kingdom, the Middle East, and any other country.

These Terms apply to:

• All pages and subdomains of www.rckanalytics.com;
• All Content and Materials published on the Website;
• Any forms, tools, or interactive features accessible through the Website;
• Any email newsletters, publications, or research distributed through links on the Website;
• Any mobile-optimised version of the Website accessed from any device;
• Any RCK Analytics content accessible through third-party platforms (such as LinkedIn) that references these Terms.

These Terms of Use do not apply to: (a) the provision of professional services under separate engagement agreements; (b) the internal technology systems and platforms used to deliver client services; or (c) the RCK Analytics employee intranet or internal systems.

5.  Permitted Use and Grant of Licence

Subject to your continued compliance with these Terms of Use and applicable law, RCK Analytics grants you a limited, personal, revocable, non-exclusive, non-transferable, non-sublicensable licence to:

• Access and browse the Website for your personal, internal, or professional informational purposes;
• Print or download individual pages or articles from the Website on an occasional and irregular basis, solely for personal, non-commercial informational use, provided that you do not remove, alter, or obscure any copyright notice, trademark, or other proprietary notice; and
• Share hyperlinks to publicly available pages of the Website on professional platforms (such as LinkedIn) for informational and non-commercial purposes.

Except as expressly set out above, no other licence, right, or interest in or to the Content or Website is granted to you, whether express, implied, or by estoppel. All rights not expressly granted herein are reserved by RCK Analytics and its licensors.

This licence does not extend to any systematic extraction, scraping, harvesting, data mining, or aggregation of Content; any commercial exploitation of Content; or reproduction of Content in any form, medium, or channel without RCK Analytics’ prior written consent.

6.  Prohibited Uses and Conduct

You agree that you shall NOT, under any circumstances:

6.1  Content and Intellectual Property Violations

• Copy, reproduce, modify, adapt, translate, publish, broadcast, transmit, distribute, reverse engineer, disassemble, create derivative works of, or sell any Content from the Website without RCK Analytics’ prior explicit written consent;
• Remove, alter, or obscure any copyright, trademark, proprietary rights notice, or attribution on any Content;
• Frame, mirror, deep-link, or embed any portion of the Website without prior written permission;
• Systematically download, scrape, crawl, harvest, or extract any data or Content from the Website, whether by automated script, bot, spider, or other technical means.

6.2  Unlawful and Harmful Activities

• Use the Website for any purpose that is unlawful, fraudulent, deceptive, abusive, defamatory, obscene, or otherwise prohibited by applicable law in any jurisdiction;
• Use any Content from the Website for the purpose of insider trading, market manipulation, market abuse, or any other conduct prohibited under applicable securities laws or financial regulations;
• Use Content from the Website to make investment decisions, place trades, structure transactions, or provide investment advice to third parties without appropriate professional qualifications and authorisations;
• Impersonate RCK Analytics, its employees, officers, or representatives, or falsely represent any affiliation with RCK Analytics.

6.3  System and Network Interference

• Attempt to gain unauthorised access to any portion of the Website, its backend systems, servers, or databases;
• Introduce or transmit any virus, trojan, worm, ransomware, malware, spyware, or other malicious code or harmful component to the Website or its infrastructure;
• Disrupt, degrade, impair, or interfere with the proper functioning of the Website, its servers, or any networks connected to the Website;
• Conduct denial-of-service (DoS) or distributed denial-of-service (DDoS) attacks against the Website;
• Probe, scan, or test the vulnerability of the Website or any associated network or system.

6.4  Data Harvesting and Privacy Violations

• Collect, harvest, or aggregate any personal information about other users of the Website, including names, email addresses, or other identifying information;
• Use automated means (including bots, crawlers, or scrapers) to collect data from the Website that is not expressly permitted herein;
• Track or monitor any individual’s activity on the Website without their consent.

6.5  Competitive Intelligence Misuse

• Use Content or Materials from the Website to compile competitive intelligence reports about RCK Analytics or its clients for the benefit of a third-party competitor;
• Benchmark or compare RCK Analytics’ services against those of competitors in any publication or external communication without RCK Analytics’ prior written consent.

RCK Analytics reserves the right to investigate any suspected breach of this Section 6 and to take appropriate legal and technical action, including reporting such conduct to law enforcement authorities and seeking civil remedies including injunctions and damages.

7.  Intellectual Property Rights

7.1  Ownership of Website Content

All Content and Materials on the Website, including but not limited to text, research reports, publications, white papers, financial models, analytical frameworks, design elements, graphics, images, software, code, databases, methodologies, and the overall selection, arrangement, and compilation of Content, are and shall remain the exclusive intellectual property of RCK Analytics or its licensors. The Website, its layout, design, and structure are protected by copyright, trademark, database rights, and other intellectual property laws of India and applicable international jurisdictions, including:

• The Copyright Act, 1957 (India) and the Copyright (Amendment) Act, 2012;
• The Trade Marks Act, 1999 (India);
• The Information Technology Act, 2000 (India);
• Applicable US copyright law (17 U.S.C.) and EU copyright directives;
• All other applicable national and international intellectual property statutes and conventions.

7.2  Trademarks and Trade Names

The name “RCK Analytics,” the RCK Analytics logo, and all other names, marks, logos, icons, and branding elements identifying RCK Analytics or its services are proprietary trademarks or service marks of RCK Analytics. Nothing in these Terms of Use shall be construed as granting any right to use any RCK Analytics trademark or trade name without the express prior written consent of RCK Analytics. Third-party trademarks, logos, and brand names referenced on the Website remain the property of their respective owners.

7.3  Databases and Research Outputs

The databases, datasets, research publications, analytical reports, and quantitative models accessible through or referenced on the Website represent substantial investment by RCK Analytics in terms of time, expertise, and resources. These materials are protected as databases under applicable law and under the provisions of the Copyright Act, 1957 (India). Systematic extraction or re-utilisation of any substantial part of any database or dataset is expressly prohibited without RCK Analytics’ prior written authorisation.

7.4  Third-Party Intellectual Property

Certain Content on the Website may incorporate material sourced from third-party financial data providers including Bloomberg, S&P Global Market Intelligence (Capital IQ), London Stock Exchange Group (Refinitiv/LSEG), PitchBook, and other licensed data sources. Such third-party content is subject to the intellectual property rights of the respective providers and may not be extracted, reproduced, or redistributed. Your use of any third-party data accessed through the Website is subject to the applicable terms and conditions of such providers.

7.5  Copyright Infringement Claims

If you believe that any Content on the Website infringes your intellectual property rights, please notify our Legal and Compliance team at info@rckanalytics.com with the subject line “Copyright Notice,” providing full details of the allegedly infringing content, its location on the Website, the nature of your claimed rights, and your contact information. RCK Analytics will investigate all valid notices and respond accordingly.

8.  Content on the Website — Disclaimers and Limitations

8.1  Informational Purposes Only

All Content and Materials published on the Website are provided for general informational, marketing, and awareness purposes only. The Content is not intended to be, and shall not be construed as, professional financial, legal, accounting, tax, regulatory, investment, or any other form of professional advice. No client relationship is created or implied by your access to or use of the Website.

8.2  No Warranties as to Accuracy or Completeness

While RCK Analytics endeavours to ensure that the Content on the Website is accurate, current, and complete at the time of publication, we make no representation, warranty, or guarantee — express or implied — as to the accuracy, completeness, reliability, currentness, quality, fitness for a particular purpose, or timeliness of any Content. The financial services and research industries are subject to rapid change, and the Content on this Website may become outdated. You should independently verify all information before relying upon it for any purpose.

8.3  As-Is Basis

THE WEBSITE AND ALL CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. RCK ANALYTICS EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, TITLE, ACCURACY, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING OR USAGE OF TRADE.

8.4  No Obligation to Update

RCK Analytics is under no obligation to update, maintain, or refresh any Content on the Website and reserves the right to modify, suspend, or discontinue any Content or feature of the Website at any time without notice or liability.

8.5  Past Performance

Where the Website references case studies, client outcomes, or historical analytical results, such references are provided for illustrative purposes only. Past performance or results achieved for other clients are not indicative of future results or performance and should not be relied upon as such.

9.  No Financial, Investment, or Professional Advice

Nothing on this Website constitutes, or should be construed as constituting:

• A recommendation to buy, sell, hold, or otherwise transact in any security, financial instrument, investment product, or asset class;
• An offer or solicitation to buy or sell any security or financial product in any jurisdiction;
• Investment advice within the meaning of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, the US Investment Advisers Act of 1940, the UK Financial Services and Markets Act 2000, or any other applicable financial services regulation;
• Legal advice, tax advice, accounting advice, regulatory advice, or any other form of professional advice;
• A research report or investment recommendation regulated under SEBI (Research Analysts) Regulations, 2014, MiFID II (EU Directive 2014/65/EU), or equivalent regulations in other jurisdictions.

RCK Analytics is not registered as an investment adviser, broker-dealer, securities broker, or financial planner in India, the United States, the United Kingdom, or any other jurisdiction. Any informational content regarding investment services, financial markets, or research methodologies on this Website is provided solely for the purposes of describing RCK Analytics’ professional capabilities to potential and existing clients.

You should seek independent and appropriately qualified professional advice before making any financial, investment, legal, or regulatory decision.

10.  Research and Publications Disclaimer

RCK Analytics may publish thought leadership articles, market commentary, sector analyses, white papers, and other research-related content on its Website for general informational purposes. The following disclaimers apply to all such publications:

• Research and publications on this Website are based on information and data that RCK Analytics believes to be reliable at the time of preparation, but no representation or warranty is made as to their accuracy, completeness, or reliability;
• All opinions, estimates, forecasts, and forward-looking statements expressed in such publications represent the views of the individual authors and do not necessarily reflect the views of RCK Analytics as a firm or those of any client of RCK Analytics;
• Research and publications may contain forward-looking statements that are subject to risks, uncertainties, and assumptions that could cause actual outcomes to differ materially from those projected;
• Research published on this Website is not prepared under any regulatory framework governing the publication of investment research, and does not constitute regulated investment research under MiFID II, SEBI regulations, or equivalent frameworks;
• RCK Analytics, its officers, directors, employees, and associates may have interests in securities or companies discussed in any publication on the Website;
• Publications on this Website are not intended for distribution to or use by any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation.

11.  Confidentiality and Non-Solicitation

11.1  Confidentiality Obligations

RCK Analytics handles all client information and proprietary data with the strictest degree of confidentiality. Notwithstanding the foregoing, where you submit information to RCK Analytics through the Website (including through the inquiry form), you acknowledge that such submission is voluntary and that RCK Analytics may use such information in accordance with its Privacy Policy.

Any information that RCK Analytics designates as confidential, or that is reasonably understood to be confidential by nature (including but not limited to pricing, methodologies, analytical frameworks, client lists, and unpublished research), shall be treated as strictly confidential by the User and shall not be disclosed to any third party.

11.2  Non-Solicitation of Personnel

You agree that during your use of the Website and for a period of twenty-four (24) months following your last interaction with RCK Analytics, whether through the Website or otherwise, you shall not, directly or indirectly, solicit, recruit, hire, or engage any employee, officer, contractor, or associate of RCK Analytics, or encourage any such person to leave their engagement with RCK Analytics, without RCK Analytics’ prior written consent. This restriction applies to all forms of recruitment, including direct outreach, headhunting, social media contact initiated for recruitment purposes, and engagement through recruitment agencies.

11.3  Non-Solicitation of Clients

Where you access the Website in the capacity of a competitor of RCK Analytics, you agree not to use any information obtained from the Website (including but not limited to descriptions of service offerings, methodologies, client verticals, or industry coverage) to directly solicit or approach clients or prospective clients of RCK Analytics for competitive purposes.

12.  Artificial Intelligence and Generative AI Disclaimer

RCK Analytics offers generative AI and data science solutions as part of its professional services portfolio. Where references to AI, machine learning, or generative AI capabilities appear on the Website, the following disclaimers apply:

• AI-generated outputs described on the Website are produced as part of supervised analytical workflows and are reviewed, validated, and quality-assured by qualified research and analytics professionals before delivery to clients;
• No AI output described on this Website should be interpreted as a guarantee of future performance, accuracy, or suitability for any particular purpose;
• AI and machine learning models are subject to inherent limitations, including the risk of errors, biases, and model drift, and their outputs should be independently verified;
• The description of AI capabilities on this Website is for informational purposes and does not constitute a warranty that any AI-based solution will achieve any specific result;
• Where a User interacts with any AI-enabled feature on the Website (if applicable), the outputs generated are for informational purposes only and do not constitute professional advice.

13.  Third-Party Links and External Resources

The Website may contain hyperlinks to third-party websites, platforms, databases, and other external resources for informational convenience. RCK Analytics does not control, endorse, or take responsibility for:

• The content, accuracy, privacy practices, or security of any third-party website or platform;
• The products, services, or information offered by any third party whose website may be linked to the RCK Analytics Website;
• The availability or uptime of any linked third-party website or platform.

Hyperlinks to third-party sites (including financial data providers such as Bloomberg, Refinitiv, S&P Global, PitchBook, and similar platforms) are provided for reference only. Your access to and use of any third-party website is governed exclusively by that website’s own terms and conditions and privacy policy. RCK Analytics expressly disclaims any liability arising from your access to or use of any third-party website linked from the RCK Analytics Website.

The presence of a hyperlink to any third-party website on the RCK Analytics Website does not imply any partnership, affiliation, endorsement, or sponsorship relationship between RCK Analytics and the owner of such website.

14.  User Submissions and Communications

14.1  Voluntary Submissions

When you submit an inquiry, subscribe to our publications, apply for a career opportunity, or otherwise communicate with RCK Analytics through the Website, you do so voluntarily. You are responsible for ensuring that any information you submit is accurate, complete, and not misleading.

14.2  Licence Over Submissions

By submitting any User Submission to RCK Analytics through the Website, you grant RCK Analytics a non-exclusive, worldwide, royalty-free licence to use, reproduce, store, process, and respond to such submission for the purposes of addressing your inquiry, assessing your application, or otherwise engaging with you as a potential client, candidate, or partner. RCK Analytics shall handle all User Submissions in accordance with its Privacy Policy.

14.3  Prohibited Submissions

You shall not submit to RCK Analytics through the Website any content that:

• Is defamatory, abusive, harassing, offensive, or discriminatory;
• Contains viruses, malware, or other malicious code;
• Infringes the intellectual property rights of any third party;
• Constitutes unsolicited commercial communications (“spam”);
• Contains material non-public information (MNPI) about any publicly listed company or financial instrument.

14.4  No Unsolicited Ideas

RCK Analytics does not accept unsolicited ideas, research methodologies, business proposals, or inventions. If you submit any such materials through the Website notwithstanding this restriction, you acknowledge that RCK Analytics shall have no obligation of confidentiality with respect to such materials and shall be under no obligation to compensate you for any use thereof.

15.  Password, Account Security, and Access Controls

Certain areas of the Website, if and when made available, may require registration and the creation of a user account and password. If you are granted access to any password-protected area of the Website:

• You are solely responsible for maintaining the confidentiality of your account credentials, including your username and password;
• You agree to notify RCK Analytics immediately at info@rckanalytics.com upon becoming aware of any unauthorised use of your account or any other breach of security;
• You acknowledge that you are fully responsible for all activities that occur under your account credentials;
• You agree not to share your account credentials with any third party or permit any third party to access the Website using your credentials;
• RCK Analytics reserves the right to disable, suspend, or terminate your account at any time and for any reason, including without limitation if RCK Analytics suspects any breach of security or unauthorised use.

Actual or attempted unauthorised access to any restricted area of the Website or its backend systems may result in civil and/or criminal liability under the Information Technology Act, 2000 (India), the Computer Fraud and Abuse Act (US), the Computer Misuse Act 1990 (UK), and equivalent laws in other jurisdictions.

16.  Website Availability and Technical Matters

RCK Analytics endeavours to maintain the Website in operation, but access to the Website is provided on an “as available” basis and subject to the following:

• RCK Analytics does not warrant that the Website will be continuously available, uninterrupted, error-free, or free from technical faults;
• RCK Analytics reserves the right to suspend, withdraw, discontinue, or modify all or any part of the Website at any time without notice and without liability;
• The Website may be subject to downtime for maintenance, security updates, or system upgrades;
• RCK Analytics does not guarantee that the Website will be free from viruses or other malicious code, and recommends that you maintain appropriate antivirus and security software on your device;
• RCK Analytics is not liable for any inability to access or use the Website resulting from factors outside its reasonable control, including internet service provider failures, hardware failures, or force majeure events.

17.  Limitation of Liability

17.1  Exclusion of Certain Damages

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, RCK ANALYTICS, ITS OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AFFILIATES, LICENSORS, AND SERVICE PROVIDERS SHALL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY:

• INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY, OR AGGRAVATED DAMAGES;
• LOSS OF PROFITS, REVENUE, BUSINESS, CONTRACTS, OR ANTICIPATED SAVINGS;
• LOSS OF DATA OR INFORMATION;
• LOSS OF GOODWILL OR REPUTATION;
• FINANCIAL LOSSES ARISING FROM INVESTMENT DECISIONS MADE IN RELIANCE ON CONTENT FROM THE WEBSITE;
• BUSINESS INTERRUPTION LOSSES;
• LOSS OF OPPORTUNITY; OR
• ANY OTHER ECONOMIC LOSS,

WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), BREACH OF STATUTORY DUTY, BREACH OF WARRANTY, OR OTHERWISE, EVEN IF RCK ANALYTICS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

17.2  Cap on Liability

To the maximum extent permitted by applicable law, RCK Analytics’ total aggregate liability to you in respect of any claim arising out of or in connection with your use of the Website (whether in contract, tort, statutory duty, or otherwise) shall not exceed the amount of INR 10,000 (Indian Rupees Ten Thousand) or USD 150 (One Hundred and Fifty US Dollars), whichever is lesser. This cap does not apply to claims for death or personal injury caused by negligence, fraud, or fraudulent misrepresentation, or any other liability that cannot be excluded by law.

17.3  No Liability for Third-Party Content

RCK Analytics shall have no liability whatsoever in respect of any third-party content, data, or information referenced on the Website, including any data sourced from Bloomberg, Refinitiv, S&P Global Market Intelligence, PitchBook, or other third-party financial data providers. Your reliance on any such third-party data is entirely at your own risk.

17.4  Assumption of Risk

You use the Website entirely at your own risk. You acknowledge that internet-based communications are not inherently secure and that information transmitted to or from the Website may be intercepted or corrupted. RCK Analytics does not guarantee the security of any communication transmitted via the Website.

18.  Indemnification

You agree to indemnify, defend, and hold harmless RCK Analytics and its officers, directors, employees, contractors, agents, affiliates, licensors, and service providers from and against any and all claims, liabilities, losses, damages, costs, and expenses (including reasonable legal fees and court costs) arising out of or in connection with:

• Your access to or use of the Website or the Content;
• Your breach or alleged breach of these Terms of Use;
• Your violation of any applicable law, regulation, or the rights of any third party (including intellectual property rights);
• Any User Submission you make through the Website;
• Any use you make of Content from the Website in a manner not authorised by these Terms.

RCK Analytics reserves the right, at its own expense, to assume the exclusive defence and control of any matter subject to indemnification by you, in which case you agree to cooperate with RCK Analytics’ defence of such claim.

19.  Compliance with Laws and Export Controls

Your use of this Website is subject to all applicable local, national, and international laws and regulations. Without limiting the generality of the foregoing:

• You agree to comply with all applicable Indian laws, including the Information Technology Act, 2000, the Information Technology (Amendment) Act, 2008, the Digital Personal Data Protection Act, 2023, and all regulations thereunder;
• If you access the Website from the United States, you agree to comply with all applicable US federal and state laws and regulations, including but not limited to US export control laws and regulations administered by the US Treasury Office of Foreign Assets Control (OFAC) and the US Department of Commerce;
• If you access the Website from the European Union or the United Kingdom, you agree to comply with the GDPR, UK GDPR, and all applicable EU and UK laws and regulations;
• If you access the Website from the Middle East (including the UAE, Saudi Arabia, Qatar, Bahrain, Oman, and Kuwait), you agree to comply with all applicable local laws and regulations;
• You agree not to access or use the Website in any manner that would violate applicable sanctions, export control, or trade embargo regulations.

The Content on this Website may not be available in all jurisdictions, and RCK Analytics makes no representation that any Content is lawful, appropriate, or available for use in all jurisdictions. It is your responsibility to determine whether your access to or use of the Website or any Content is permitted in your jurisdiction.

20.  Regulatory and Financial Services Disclaimer

RCK Analytics is a research and analytics firm providing support services to financial services clients. The following regulatory disclaimers apply:

• RCK Analytics is not registered as a registered investment adviser, portfolio manager, stockbroker, merchant banker, or category I, II, or III alternative investment fund manager under the Securities and Exchange Board of India (SEBI) regulations;
• RCK Analytics is not authorised or regulated by the Financial Conduct Authority (FCA) in the United Kingdom or by the Securities and Exchange Commission (SEC) or FINRA in the United States;
• RCK Analytics does not hold any licence or registration as a financial services provider in the UAE, Saudi Arabia, Qatar, or other Middle Eastern jurisdictions;
• Nothing on this Website constitutes an offer, solicitation, or recommendation to engage in any regulated financial activity in any jurisdiction;
• All professional services engagements involving regulated activities (such as investment research subject to research unbundling rules, or regulated advisory services) shall be conducted pursuant to applicable regulatory requirements and through appropriately registered and authorised entities

Where RCK Analytics’ clients operate in regulated industries (including BFSI, Healthcare, and Energy), information exchanged in the context of those engagements is subject to applicable regulatory obligations as agreed in the relevant engagement terms.

21.  Privacy and Data Protection

Your use of the Website is subject to RCK Analytics’ Privacy Policy, which is incorporated into and forms an integral part of these Terms of Use by reference. The Privacy Policy sets out how RCK Analytics collects, processes, stores, and protects personal data obtained through the Website and in the course of our business, in compliance with the Digital Personal Data Protection Act, 2023 (India), the General Data Protection Regulation (EU) 2016/679 (GDPR), the UK GDPR, and other applicable data protection laws.

By using this Website, you acknowledge and agree to the collection and use of your personal data in accordance with the Privacy Policy. If you do not agree with the Privacy Policy, you should not use this Website.

RCK Analytics uses cookies and tracking technologies on the Website in accordance with its Cookie Policy, which forms part of the Privacy Policy. For details on how to manage your cookie preferences, please refer to the Privacy Policy.

22.  Modifications to These Terms

RCK Analytics reserves the right to modify, amend, update, or replace these Terms of Use at any time, at its sole and absolute discretion. Any changes shall be effective from the date on which the revised Terms are posted on the Website, unless a specific effective date is stated.

We will endeavour to provide Users with reasonable prior notice of material changes to these Terms, which may be given by:

• Publishing a notice on the Website homepage;
• Sending an email notification to subscribed Users;
• Displaying a banner or pop-up notification on the Website.

Your continued use of the Website following the posting of any revised Terms shall constitute your acceptance of and agreement to such revised Terms. If you do not agree with any modification to these Terms, you must immediately cease all use of the Website and notify us accordingly.

RCK Analytics recommends that you review these Terms periodically to ensure your continued awareness of the current terms governing your use of the Website. The “Last Revised” date at the top of this document indicates when the Terms were most recently updated.

23.  Suspension and Termination

RCK Analytics reserves the right, at any time and in its sole discretion, without notice or liability, to:

• Suspend, restrict, or terminate your access to the Website or any part thereof;
• Suspend or terminate any account or password associated with your use of the Website;
• Remove or disable any Content or feature of the Website;
• Discontinue the Website entirely.

Without limiting the foregoing, RCK Analytics may suspend or terminate your access to the Website if it determines, in its sole discretion, that you have breached these Terms of Use, violated applicable law, or engaged in conduct that is harmful to RCK Analytics, other users, or third parties.

Upon termination, the following provisions shall survive and remain in full force and effect: Sections 7 (Intellectual Property Rights), 9 (No Financial, Investment, or Professional Advice), 11 (Confidentiality and Non-Solicitation), 17 (Limitation of Liability), 18 (Indemnification), 24 (Governing Law and Dispute Resolution), and 25 (Severability, Waiver, and Entire Agreement).

24.  Governing Law and Dispute Resolution

24.1  Governing Law

These Terms of Use, and any dispute, controversy, or claim arising out of or in connection with these Terms of Use or your use of the Website (including non-contractual disputes or claims), shall be governed by and construed in accordance with the laws of the Republic of India, without regard to its conflict of law principles.

24.2  Jurisdiction

Subject to Section 24.3, you irrevocably submit to the exclusive jurisdiction of the courts at Pune, Maharashtra, India for the resolution of any dispute arising out of or in connection with these Terms of Use or the Website.

24.3  Arbitration

Any dispute, controversy, or claim arising out of or in connection with these Terms of Use, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration administered in accordance with the Arbitration and Conciliation Act, 1996 (India), as amended from time to time. The arbitral tribunal shall consist of a sole arbitrator mutually appointed by the parties. The seat and venue of arbitration shall be Pune, Maharashtra, India. The language of the arbitration shall be English. The arbitral award shall be final and binding on the parties.

24.4  Users in the European Union and United Kingdom

Nothing in these Terms of Use shall limit or affect the rights you may have as a consumer under the mandatory consumer protection laws of your country of residence within the EU or UK, to the extent such laws confer rights that cannot be waived by contract.

24.5  Users in the United States

For Users in the United States, any arbitration conducted pursuant to Section 24.3 shall be subject to the recognition and enforcement provisions of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, to the extent applicable.

25.  Severability, Waiver, and Entire Agreement

25.1  Severability

If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, unlawful, void, or unenforceable for any reason, such provision shall be deemed severed from these Terms of Use and shall not affect the validity and enforceability of the remaining provisions, which shall continue in full force and effect.

25.2  No Waiver

No failure or delay by RCK Analytics in exercising any right, power, or remedy under these Terms of Use shall operate as a waiver of such right, power, or remedy. No single or partial exercise of any right, power, or remedy shall preclude any other or further exercise thereof or the exercise of any other right, power, or remedy.

25.3  Entire Agreement

These Terms of Use, together with the Privacy Policy and any other policies or guidelines published on the Website, constitute the entire agreement between you and RCK Analytics with respect to your use of the Website and supersede all prior and contemporaneous agreements, representations, and understandings (whether oral, written, or electronic) relating to such subject matter. These Terms of Use do not apply to, and shall not be construed to govern, any separate professional services engagement, which shall be governed exclusively by the terms of the applicable written engagement agreement.

25.4  Assignment

You may not assign, transfer, novate, or sub-licence any of your rights or obligations under these Terms of Use without the prior written consent of RCK Analytics. RCK Analytics may assign its rights and obligations under these Terms of Use without restriction, including in connection with a corporate restructuring, merger, acquisition, or sale of assets.

25.5  Force Majeure

RCK Analytics shall not be in breach of these Terms of Use or liable for any delay or failure to perform any obligation hereunder if such delay or failure results from events, circumstances, or causes beyond its reasonable control, including acts of God, pandemic, civil unrest, governmental actions, cyberattacks, or failure of third-party infrastructure.

25.6  Language

These Terms of Use are drafted in the English language. Any translation of these Terms is provided for informational convenience only. In the event of any conflict between the English version and any translation, the English version shall prevail.

26.  Contact Information and Grievance Redressal

If you have any questions, concerns, or complaints regarding these Terms of Use, or wish to report a suspected breach, please contact RCK Analytics using the details below. In accordance with the Information Technology Act, 2000 and the Digital Personal Data Protection Act, 2023, we have designated a Grievance Officer to address any concerns raised by Users.