Author: Legal Parivar

In one of the largest artificial intelligence partnerships to date, Amazon has announced plans to invest $50 billion in OpenAI as part of a broader multi-year strategic collaboration. The investment will begin with an initial $15 billion infusion, followed by an additional $35 billion in the coming months, subject to certain conditions. The announcement comes as OpenAI raises a massive $110 billion in fresh capital at a pre-money valuation of $730 billion, underscoring the accelerating global race in AI infrastructure and enterprise adoption. OpenAI’s $110 Billion Funding Round The latest funding round includes $50 billion from Amazon, along with reported…

In a key development in the Delhi excise policy matter, the Central Bureau of Investigation (CBI) has approached the Delhi High Court challenging a trial court order that discharged all 23 accused, including former Delhi Chief Minister Arvind Kejriwal and former Deputy Chief Minister Manish Sisodia. According to the agency’s legal team, the CBI has formally filed an appeal seeking to set aside the discharge order passed by the trial court. On Friday, a Special Court in Delhi discharged all accused in the case registered by the CBI in connection with the now-withdrawn Delhi Excise Policy 2021–22. The order was…

Shares of Paisalo Digital, an NBFC backed by SBI Life Insurance, remained in focus after the company announced a ₹30 crore fundraise through commercial papers. In an exchange filing dated February 27, Paisalo Digital informed investors that it had issued 600 commercial papers with a maturity tenure of 90 days. Each instrument was issued at a discounted price of ₹4.86 lakh and will be redeemed at its face value of ₹5 lakh upon maturity. Commercial papers are short-term money market instruments typically used by companies to meet working capital requirements, manage liquidity, and raise funds at competitive interest rates. Q3…

The initial public offering (IPO) of Omnitech Engineering managed to scrape through on the final day of bidding, closing with full subscription despite muted investor participation during most of the offer period. 📊 Subscription Status As per exchange data, the IPO received bids for 2.16 crore shares against 1.79 crore shares on offer, translating into an overall subscription of 1.20 times. Segment-wise break-up: Robust participation from institutional investors and employees helped the issue cross the finish line. IPO Structure & Key Details The ₹583 crore public issue comprised: Reservation Split: The mainboard IPO is proposed to list on both the…

The initial public offering (IPO) of Acetech E-Commerce, which opened for subscription on February 27, witnessed a muted response from investors on the first day of bidding. By the close of Day 1, the issue was subscribed just 0.26 times. The IPO received bids for 10,88,400 shares against 41,50,800 shares available for subscription. The company plans to use the net proceeds primarily for working capital requirements and general corporate purposes. Acetech E-Commerce IPO: Key Details 📅 IPO Dates The issue opened on February 27 and will remain available for subscription until March 4. 💰 Price Band The price band has…

Foreign institutional investors (FIIs/FPIs) continued their selling spree on February 27, offloading Indian equities worth ₹7,536.4 crore, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) stepped in aggressively, purchasing shares worth ₹12,292.8 crore. This marks the strongest single-day buying by DIIs since October 7, 2024, when they had net bought ₹13,245 crore. Meanwhile, FII selling was the steepest since August 29, 2025, when net outflows stood at ₹8,313 crore. Institutional Activity Breakdown On Friday, DIIs bought equities worth ₹24,868 crore and sold ₹12,575 crore, resulting in robust net inflows. FIIs, on the other hand, purchased shares worth…

TVS Motor Company retained its leadership in India’s electric two-wheeler market in February 2026, while Ola Electric slipped to seventh position, underscoring changing competitive dynamics as legacy automakers tightened their grip on the segment. According to vehicle registration data from the government’s Vahan portal, total electric two-wheeler registrations stood at 1,01,059 units during the month. TVS Motor topped the charts with 29,231 units, capturing a 28.9% market share. Steady demand for its iQube electric scooter helped the company maintain a comfortable lead over competitors. Bajaj Auto ranked second with 22,942 registrations, translating to a 22.7% market share, supported by continued…

Gurgaon-based Earthood Services has withdrawn its draft red herring prospectus (DRHP) for an initial public offering, according to the latest processing status update published by the Securities and Exchange Board of India (SEBI) on February 27. The company had originally filed its IPO papers in June 2025. The proposed public issue was entirely an offer-for-sale (OFS) of 62.9 lakh equity shares, with no fresh issue component. The selling shareholders included Kaviraj Singh and Ashok Kumar Gautam. Earthood Services provides carbon validation and verification services, along with environmental, social and governance (ESG) advisory and assurance solutions across India and international markets.…

V Anantha Nageswaran said that improved policy certainty arising from successful trade agreements — including ongoing negotiations between India and the United States, as well as India and the European Union — would provide a boost to exports and capital inflows. He was speaking at a press conference following the release of a new series of National Accounts Estimates by the Ministry of Statistics and Programme Implementation (MoSPI). Nageswaran noted that fiscal consolidation remains firmly on track, with the fiscal deficit projected at 4.5% of GDP for 2025–26 (Revised Estimates) under the updated series, while maintaining strong capital expenditure. MoSPI…

Temple, a wearable technology startup founded by Deepinder Goyal, has secured $54 million in fresh funding as the entrepreneur looks to scale the venture and expand its user base. The fundraise comes just weeks after Goyal announced he would step back from day-to-day operations at Eternal to focus more on his other ventures. Although Goyal did not disclose the names of participating investors, reports earlier indicated that the round saw participation from Steadview Capital, Vy Capital, Info Edge, and Peak XV Partners, among others. Notably, over 30 Temple employees also invested in the round at the same valuation as institutional…