ICFAI is an Indian firm producing education and certification. The brand "CFA" is owned by a US company. The US company sued against use of the brand name "CFA" and Indian courts supported it. ICFAI harnessed the license-permit raj in education and got the CFA evicted. Bibek Debroy has a great article in today's Indian Express on this. You might like to read something that I wrote on a related theme a while ago. Update (31/5): Rajat Kathuria has a good article in Business Standard on AICTE.
In my opinion, ICFAI has made a mistake in their profit maximisation. Indian customers are now more likely, not less likely, to try to get the US CFA when they see ICFAI using the State to make sure they cannot access it. Long hotel stocks in Khatmandu.