Author: Legal Parivar

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, on Tuesday approved the Airports Authority of India’s (AAI) plan to build a Greenfield airport at Kota-Bundi in Rajasthan, with a total investment of ₹1,507 crore. The airport will be developed on 440 hectares of land provided by the Rajasthan government and will feature a 3,200-metre runway, seven aircraft bays, two link taxiways, and a modern terminal building covering 20,000 sqm. It is designed to handle 1,000 passengers during peak hours and up to 2 million passengers annually, with the capacity to operate A-321 type aircraft. Kota, known…

Shares of Info Edge India rose 2.02% to ₹1,380.90 on Tuesday, making it one of the top gainers on the Nifty Next 50 index. The company reported steady financial growth, with consolidated revenue for Q1 FY26 at ₹790.86 crore, up from ₹676.71 crore in the same quarter last year. Net profit for the quarter rose to ₹347.38 crore, compared to ₹272.81 crore in June 2024. Quarterly Performance (Q1 FY26) Annual Performance (FY25) The company’s total income for FY25 reached ₹3,922 crore, up from ₹2,950 crore in FY24, with EBIT rising to ₹2,091 crore. Total assets increased to ₹42,771 crore, while…

BSE 500-listed Kama Holdings on Tuesday announced its second interim dividend for the financial year 2025-26. The board approved a substantial payout of 182.50%, translating to ₹18.25 per equity share of ₹10 face value. In an exchange filing on August 19, the company stated, “The Board of Directors at its meeting held today has declared an interim dividend of 182.50% i.e., ₹18.25 per share on the paid-up equity share capital of the Company.” This marks the company’s second-largest dividend and its fourth distribution since the 4:1 bonus issue in October 2023. The record date for dividend eligibility is set as…

Patel Retail, the Maharashtra-based supermarket chain, saw its ₹243 crore Initial Public Offering (IPO) fully subscribed within hours of opening on Tuesday. By 12 PM, the issue was subscribed 1.40 times, indicating robust investor interest. The IPO is currently trading at a grey market premium (GMP) of around ₹45, suggesting strong unofficial market demand. The price band for the IPO is set between ₹237 and ₹255 per share, and the subscription window will close on Thursday, August 21. Grey Market SentimentWith the current GMP of ₹45 and the upper end of the price band at ₹255, Patel Retail shares are…

Kerala and Punjab, two states operating some of India’s largest lottery systems, are facing fiscal uncertainty due to the government’s proposed GST rationalisation. The proposal suggests increasing the tax on lotteries to 40%, which could significantly affect the revenues of these states. Kerala, which contributes nearly 97% of the country’s total lottery revenues, currently taxes its state lotteries at 28%. If the reform is implemented, the rate could rise to 40%, creating a substantial fiscal burden. Kerala had budgeted over ₹14,000 crore in lottery revenue for FY26, highlighting the potential impact of the change. Punjab, another major lottery state, faces…

Shreeji Shipping Global Ltd, a provider of shipping and logistics solutions for dry bulk cargo, has launched its initial public offering (IPO) for subscription from August 19 to August 21. The IPO price band is set between ₹240 and ₹252 per share. This public issue comprises only a fresh issuance of 1.63 crore equity shares, with no offer-for-sale (OFS) component. If fully subscribed at the upper end of the price band, the company expects to raise ₹411 crore. Lead Managers: Beeline Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd are overseeing the management of the IPO. Use of…

The Securities and Exchange Board of India (Sebi) is reportedly reviewing intraday position limits in index options, aiming to rein in excessive trading, particularly on expiry days, according to sources cited by Moneycontrol. Currently, there are no explicit intraday limits, though exchanges monitor positions at the same thresholds as end-of-day (EoD) limits—Rs 1,500 crore on a net delta (futures-equivalent) basis and Rs 10,000 crore on a gross basis. However, analysis of recent expiry-day trades in Nifty and Sensex contracts revealed that intraday positions often exceed these limits. For instance, on the Nifty expiry of August 7, top net long and…

Chinese Foreign Minister Wang Yi emphasized to India’s External Affairs Minister S. Jaishankar that India and China should develop a “correct strategic understanding” and view each other as partners rather than rivals. According to a statement from the Chinese foreign ministry, China is prepared to uphold the principles of cordiality and mutual benefit in its relationship with India. The meeting took place on August 18 in New Delhi, ahead of Prime Minister Narendra Modi’s planned visit to China for the Shanghai Cooperation Organisation (SCO) annual summit. Jaishankar stressed that both countries should adopt a “candid and constructive” approach to move…

The initial public offering (IPO) of maize specialty products manufacturer Regaal Resources Ltd saw overwhelming demand, and the IPO allotment has now been finalized. The public issue was open from August 12 to 14, 2025, and the allotment date was August 18, 2025. The shares are scheduled to list on BSE and NSE on August 20, 2025. Eligible investors will have their shares credited to their demat accounts on August 19, and refunds will be initiated for unsuccessful applicants on the same day. Investors can check the Regaal Resources IPO allotment status through the BSE, NSE, or the IPO registrar…

Here’s a quick overview of key stocks likely to be in focus in today’s trading session.Reliance IndustriesReliance Consumer has entered the healthy functional beverages market by acquiring a majority stake in a joint venture with Naturedge Beverages. VedantaVedanta’s board will convene on August 21 to discuss a potential second interim dividend. The record date for determining eligible shareholders is set for August 27. Vodafone IdeaThe debt-laden telecom firm is exploring alternative non-banking funding options to support its capital expenditure plans, as unresolved AGR dues continue to affect traditional lender discussions. Hindustan ZincOn Monday, Hindustan Zinc, a Vedanta subsidiary, announced plans…