Author: Legal Parivar

Housing finance company Sammaan Capital (formerly Indiabulls Housing) has successfully raised $300 million (around ₹2,600 crore) through a three-year bond issuance to overseas investors at a coupon rate of 8.95%. This marks the company’s first international issuance under its new brand and the first high-yield bond out of India this fiscal year. The company aims to diversify its funding sources, with international borrowings accounting for 10% of its total funding following this issue. CEO Gagan Banga said that the company plans further overseas borrowing to reach 10–15% of total funding within the next year, including a potential $500 million loan…

Mumbai: Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey on Friday cautioned mutual funds to be prudent while investing in micro-cap companies and bespoke debt instruments, given the risks involved. Speaking at an event organized by the Association of Mutual Funds in India (AMFI), Pandey said: “While there is a need to diversify beyond blue chips, mutual funds as a retail product should exercise caution while investing in micro-cap or debt-papers in bespoke deals. Maintaining proper documentation ensures transparency and sound due diligence.” He highlighted that micro-caps often face liquidity issues and experience higher price and volume…

An incident of cloudburst was reported late Friday night in Tharali tehsil of Chamoli district, leaving behind widespread destruction and at least two people missing, officials said. Chamoli District Magistrate Sandeep Tiwari confirmed heavy damage in the area. “There is a possibility of a lot of damage due to the cloudburst in Tharali. Many houses, including the SDM residence, have been completely damaged,” he said. Uttarakhand Disaster Management Secretary Vinod Kumar Suman informed that district officials and relief teams had rushed to the spot. Chamoli ADM Vivek Prakash said a 20-year-old woman named Kavita was buried under debris, while another…

Dream Sports, the parent company of fantasy gaming giant Dream11, is testing a new personal finance app called Dream Money, offering investments in digital gold, fixed deposits, and expense tracking, Moneycontrol has learnt. The move comes as the company looks to diversify beyond online gaming, after India’s new online gaming law forced Dream11 to suspend paid contests and switch entirely to free-to-play games. The law, which recently received Presidential assent, bans any real-money online games where players deposit funds with the expectation of winnings. Investment Options via Dream Money Dream Money allows users to: Expense Tracking & Advisory Features The…

President Donald Trump has finalized a landmark deal that gives the US government a 9.9% equity stake in Intel Corp., marking an extraordinary intervention in corporate America to strengthen domestic semiconductor manufacturing. Under the agreement, the government will receive 433.3 million common shares, valued at $8.9 billion, funded through grants under the Chips and Science Act and the Secure Enclave program. Including the $2.2 billion previously disbursed from the Chips Act, Intel’s total government-backed support now stands at $11.1 billion. Intel confirmed that the US will be a passive shareholder with no board representation, voting rights, or access to governance…

Despite the upcoming holiday on August 27 (Ganesh Chaturthi), the primary market will remain abuzz as 10 public issues (IPOs) worth ₹1,240 crore are scheduled to open next week. Investors will also witness the listing of several new companies across the mainboard and SME segments. Mainboard IPOs Two major IPOs will dominate the mainboard: SME IPOs The SME segment will see heightened activity with eight issues lined up: Additionally, ARC Insulation & Insulators will close its IPO on August 25, while Classic Electrodes (India), Shivashrit Foods, and Anondita Medicare will wrap up subscriptions on August 26. Upcoming Listings The mainboard…

US Federal Reserve Chairman Jerome Powell delivered his eighth and final Jackson Hole Symposium speech on Friday, signaling a potential adjustment in the Fed’s policy stance amid rising downside risks to employment and economic growth. Speaking at the annual economic forum in Wyoming, Powell said:”With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” Investors interpreted the remarks as a hint toward a 25 basis points rate cut at the upcoming FOMC meeting on September 16-17, 2025, as concerns grow over a possible US economic slowdown. Following Powell’s speech, the…

India on Friday issued a NOTAM extending its airspace closure for Pakistan-registered aircraft, including flights operated or owned by Pakistani airlines and military flights, until September 23, 2025. The move follows the Pahalgam terror attack on April 22, which killed 26 people, after which India initially closed its airspace to Pakistani aircraft from April 30. The ban was earlier extended multiple times—till May 24, June 24, July 24, and August 24—before the latest extension. In a reciprocal move, Pakistan on August 20 extended its ban on Indian aircraft in its airspace until September 23. The Pakistan Airports Authority (PAA) confirmed…

Shares of Nazara Technologies tumbled 17.52% over three consecutive sessions on the BSE after the company’s associate firm, Moonshine Technologies Pvt Ltd, which operates PokerBaazi, suspended its real-money gaming operations. On Friday, Nazara’s stock fell 4.13% to ₹1,155.75, hitting an intraday low of ₹1,145.55, continuing the sharp decline. In a regulatory filing, Nazara said:”Pursuant to the Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, and pending enactment, Moonshine Technologies, an associate company in which Nazara holds 46.07% stake, has ceased offering real-money online gaming operations as a precautionary measure.” The Online Gaming Bill,…

Fantasy gaming giant Dream11 has halted all paid contests and transitioned entirely to a free-to-play online social game model, following the enactment of The Promotion & Regulation of Online Gaming Law, 2025. In a statement on X (formerly Twitter), Dream11 emphasized its commitment to legal compliance:”We have always been and always will be a law-abiding company, and have conducted our business in compliance with the laws. While we believe that progressive regulations would have been the right way forward, we will respect the law and will fully comply.” Other Dream11 properties, including FanCode, DreamSetGo, Dream Game Studios, and the Dream…