Author: Legal Parivar

Despite quick-commerce startup Zepto delaying its initial public offering (IPO), India’s primary market is expected to remain active with seven companies preparing to launch IPOs in the first two to three weeks of August, aiming to collectively raise around ₹9,500 crore, according to people familiar with the matter. The robust pipeline follows a record July for the IPO market and reflects continued investor interest in quality public issues across multiple sectors. Seven Companies Prepare for IPO Launch According to the report, the companies expected to tap the capital markets include: Among these, Dhoot Transmission and Innovatiview India are expected to…

Keto Motors Limited (formerly Taaza International Limited) has announced the signing of three separate Memorandums of Understanding (MoUs) with leading employee transportation and mobility service providers to deploy its 9-metre electric buses, marking another step in the company’s expansion in India’s commercial electric mobility segment. The MoUs have been signed with: The announcement was made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MoUs Cover Potential Deployment of Up to 250 Electric Buses Under the proposed collaborations, Keto Motors expects the deployment of: If converted into binding commercial agreements, the collaborations…

IT solutions provider 3i Infotech Limited has announced that it has received an additional purchase order worth approximately ₹3.32 crore (excluding applicable taxes) from a leading private sector bank in India. The order forms part of the company’s previously announced renewed engagement with the banking client. According to the company’s regulatory filing, the latest order increases the total value of the engagement to approximately ₹16.43 crore, including the orders disclosed on August 1, 2026. Additional Order Strengthens Banking Technology Partnership The renewed engagement covers development, enhancement, and engineering services for the private sector bank. The contract will run for one…

Urban Company Limited (NSE: URBANCO) has announced that its quick-service housekeeping platform InstaHelp crossed 100,000 delivered orders in a single day, achieving the milestone on August 2, 2026. The company stated that the figure was reached by 5:54 PM, with the final number expected to be even higher by the end of the day. The achievement comes just five months after InstaHelp crossed the 50,000 daily delivered orders mark, reflecting strong consumer demand for fast home services across India’s metropolitan cities. InstaHelp Continues Rapid Expansion Launched as a pilot project in Mumbai in March 2025, InstaHelp has expanded into selected…

India’s digital payments ecosystem achieved another milestone in July 2026, with Unified Payments Interface (UPI) transactions reaching a record ₹29.88 lakh crore. The latest data released by the National Payments Corporation of India (NPCI) showed that transaction volumes also climbed to an all-time high of 23.66 billion, reflecting the continued rapid adoption of digital payments across the country. The record performance follows a brief moderation in June, when UPI transaction value stood at ₹28.9 lakh crore. July’s figures surpassed the previous peak recorded in May 2026, when transaction value had first touched around ₹29.9 lakh crore. UPI Volume Continues to…

Foreign Portfolio Investors (FPIs) made a strong comeback to Indian equity markets in July 2026, ending a four-month selling streak with net investments of around ₹20,200 crore. The renewed buying was driven by relatively attractive market valuations, improving corporate earnings, stable domestic fundamentals, and easing global uncertainties. The July inflows marked a significant reversal after FPIs had remained net sellers for four consecutive months, withdrawing ₹49,340 crore in June, ₹32,963 crore in May, ₹60,847 crore in April, and ₹1.17 lakh crore in March, according to data from the Central Depository Services (India) Ltd. (CDSL). Attractive Valuations and Earnings Revival Drive…

The government’s recent amendment to the Foreign Direct Investment (FDI) policy is expected to significantly strengthen India’s e-commerce exports by allowing foreign-funded e-commerce companies to operate an inventory-based model exclusively for exports. The move is likely to provide a major boost to handicrafts, MSME products, and One District One Product (ODOP) goods by improving their access to global markets. FDI Policy Relaxation for Export-Focused E-Commerce On July 23, 2026, the government amended the FDI policy to permit inventory-based e-commerce operations for the export of goods manufactured or produced in India. Earlier, foreign-funded e-commerce entities were restricted from following the inventory-based…

Greaves Cotton Limited has announced that the ₹530 crore rights issue of its material subsidiary, Greaves Electric Mobility Limited (GEML), has been fully subscribed, with the subsidiary’s board approving the allotment of equity shares to all eligible shareholders. The company disclosed the development in a filing to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Greaves Cotton Invests ₹331 Crore As part of the rights issue, Greaves Cotton subscribed to its full entitlement of approximately ₹331.12 crore, in line with the board approval announced on July 9, 2026. Since all eligible shareholders…

India Pesticides Limited (IPL) announced its unaudited financial results for the first quarter ended June 30, 2026, reporting revenue from operations of ₹256 crore as the company navigated a challenging domestic agrochemical market. While softer demand for its key herbicide Pretilachlor impacted domestic sales, exports remained resilient, supported by stable international demand. Q1 FY27 Financial Highlights For the quarter ended June 30, 2026, India Pesticides reported: The company also noted that job-work processing expenses increased to ₹14 crore from ₹8 crore a year ago due to higher processing volumes and increased conversion rates. Domestic Weakness Offset by Stable Export Demand…

Kernex Microsystems (India) Limited has secured a ₹66.62 crore order (including GST) from Integral Coach Factory (ICF), Chennai, for the supply, installation, testing and commissioning of onboard Kavach equipment for EMU and MEMU trains, the company informed stock exchanges on Sunday. The contract has been awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking another significant order for the railway safety technology company. Scope of the Order Under the contract, Kernex Microsystems will undertake the supply, installation, interfacing with electrical systems, testing and commissioning of onboard Kavach equipment for EMU and MEMU trains. The…