Author: Legal Parivar

The Finance Ministry has convened a meeting of public sector bank (PSB) chiefs on Wednesday, August 20, 2025, to review their first-quarter financial performance. The meeting will be chaired by Financial Services Secretary M. Nagaraju, sources said. Public sector banks collectively reported a record profit of ₹44,218 crore in Q1 FY26, marking an 11% year-on-year growth compared to ₹39,974 crore in the same quarter last year. The State Bank of India (SBI) led the performance, contributing 43% of total PSB earnings, with a net profit of ₹19,160 crore, up 12% YoY. Despite SBI’s dominance, several mid-sized lenders recorded strong growth.…

The sixth round of India–US trade negotiations, originally scheduled for August 25, has been postponed and will be rescheduled, according to sources cited by CNBC-TV18. Washington is preparing to impose an additional 25% tariff on Indian goods starting August 27 under an executive order. If implemented, the move would effectively double the penalty on Indian exports to 50% in total. Officials familiar with the matter said the US position on tariffs remains firm, largely influenced by the absence of a peace agreement between the US, Russia, and Ukraine. The ongoing geopolitical crisis continues to drive Washington’s trade policy stance. Negotiations…

Former U.S. President Donald Trump has called for a comprehensive peace agreement to end the ongoing war between Russia and Ukraine, stressing that a ceasefire alone would not be sustainable. His remarks came after holding a high-level summit with Russian President Vladimir Putin in Alaska, followed by extensive discussions with Ukrainian President Volodymyr Zelenskyy and key European leaders. Trump described the Alaska talks with Putin as “very successful,” while also noting that he spoke with Zelenskyy and NATO leaders later in the evening. “We all determined that the best way to end this horrific war is a Peace Agreement —…

LIC Recruitment: The Life Insurance Corporation of India (LIC) has announced its AAO and AE Recruitment 2025 drive, inviting applications for 841 vacancies. Candidates can apply online through the official website licindia.in between August 16 and September 8, 2025. 🔹 Vacancy Details 🔹 EligibilityApplicants must refer to the detailed notification on LIC’s website for post-wise educational qualifications, age criteria, and other requirements. 🔹 Application Fees 🔹 Selection ProcessRecruitment for AAO posts will be conducted in three stages – Preliminary Exam, Main Exam, and Interview – followed by a pre-recruitment medical test. Notably, marks obtained in the Preliminary Exam (Phase I)…

Prime Minister Narendra Modi, in his Independence Day address on Friday, announced that the government is preparing to roll out “next-generation GST reforms” by Diwali 2025, aimed at lowering the tax burden on households and businesses. According to officials aware of the discussions, the reform plan proposes merging GST slabs into three tiers — 5%, 18%, and 40%. Everyday essentials such as groceries, medicines, televisions, washing machines, agricultural equipment, bicycles, and even education and insurance services are expected to become cheaper. As GST is a consumption-based tax, experts say the biggest winners will be consumers, with cheaper household essentials boosting…

India’s foreign exchange reserves recorded a sharp fall of $9.32 billion, standing at $688.871 billion for the week ending August 1, according to the latest data released by the Reserve Bank of India (RBI). Despite the decline, the forex reserves remain close to the all-time high of $704.89 billion, achieved in September 2024. At the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that the country’s forex stockpile was strong enough to cover 11 months of imports. Breaking down the reserves, foreign currency assets (FCA), the largest component, stood at $581.607 billion, while gold reserves dipped by $1.706 billion,…

The three-day bidding process for the Regaal Resources IPO closed on Thursday, witnessing strong investor demand. Attention has now shifted to the IPO allotment process, which is expected to take place today. In case of any delay, the allotment date has been scheduled for 18 August 2025. Applicants can check their Regaal Resources IPO allotment status online either on the BSE website (bseindia.com) or through the official registrar, MUFG Intime India Pvt Ltd. Regaal Resources IPO GMP Today In the grey market, shares of Regaal Resources continue to command a healthy premium, though slightly lower than earlier this week. As…

Prime Minister Narendra Modi will inaugurate two major national highway projects worth nearly ₹11,000 crore in Delhi’s Rohini area on Sunday, aimed at easing congestion and improving connectivity in the capital and adjoining regions. According to the Prime Minister’s Office, the projects — the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II) — form part of a larger plan to decongest Delhi. The 10.1 km Delhi section of the Dwarka Expressway, developed at a cost of around ₹5,360 crore, will provide multi-modal connectivity to Yashobhoomi, DMRC’s Blue and Orange lines, the upcoming Bijwasan railway station, and…

Ukrainian President Volodymyr Zelenskyy announced on Saturday that he will meet US President Donald Trump in Washington on Monday, just days after Trump’s high-profile yet inconclusive summit with Russian President Vladimir Putin in Alaska. Zelenskyy said he had a “long, meaningful” phone call with Trump following the Alaska talks, which marked Putin’s first visit to Western soil since Russia’s 2022 invasion of Ukraine but failed to yield a breakthrough. While Trump described the discussions with Putin as showing “nascent progress,” he stressed, “there’s no deal until there’s a deal.” Putin, on the other hand, claimed an “understanding” had been reached…

New Delhi: Brightcom Group on Friday announced the creation of Brightcom Defence, a dedicated division focused on next-generation aerospace intelligence and autonomous aerial defence software. The move was approved by the company’s Board as part of its strategy to tap into the rapidly growing markets for aerospace intelligence and autonomous defence solutions. The newly formed division will focus on developing: Brightcom Defence plans to collaborate with governments, global defence innovators, and allied technology partners to deliver cutting-edge solutions. Suresh Kumar Reddy, Chairman of Brightcom Group, said: “Our strategic expansion into the defence sector and realignment of business divisions position us…