Author: Legal Parivar

India’s Goods and Services Tax (GST) revenues showed signs of a gradual recovery in December, providing relief after a softer performance in the previous month. Gross GST collections stood at ₹1.74 lakh crore, registering a 6.1% year-on-year increase, compared with around ₹1.70 lakh crore collected in the preceding month. December marked the fastest growth in GST revenues in three months, indicating improving tax buoyancy following the government’s rate rationalisation measures announced in September. However, the recovery was driven more by imports than domestic consumption. After accounting for refunds, net GST revenue came in at ₹1.46 lakh crore, reflecting a modest…

Zomato and its quick-commerce arm Blinkit delivered more than 75 lakh orders on New Year’s Eve, marking an all-time high, even as sections of gig workers had called for nationwide strikes, founder Deepinder Goyal said on Thursday. In a statement, Goyal said operations across both platforms remained unaffected by strike calls, with delivery activity continuing at a record pace. According to him, over 4.5 lakh delivery partners collectively served more than 63 lakh customers on December 31, supported by coordination with local law enforcement agencies to prevent disruptions. “This happened without any additional incentives beyond what is typically offered on…

Gujarat-based construction company Krishna Buildspace has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) aimed at funding capital expenditure and working capital needs. The proposed IPO comprises a fresh issue of 90 lakh equity shares and an offer for sale (OFS) of 9 lakh shares by promoters Mohanbhai Chanabhai Sorathiya and Jayantibhai Chanabhai Sorathiya. About the company Incorporated in 1995, Krishna Buildspace is engaged in contracting and building services. Over the past decade, the company has executed 82 projects, covering 2.30 million square feet of constructed area, with an…

Troubled telecom operator Vodafone Idea Ltd (Vi) on Thursday informed stock exchanges that it has received a penalty order of ₹637.91 crore from the Office of the Additional Commissioner, Central Goods and Services Tax (CGST), Ahmedabad South, under the Central Goods and Services Tax Act, 2017. In a regulatory filing under Regulation 30 of the SEBI Listing Regulations, the company said the order was issued under Section 74 of the CGST Act, confirming a penalty amounting to ₹6,37,90,68,254, along with applicable tax demand and interest. The order, received on December 31, 2025, relates to allegations of short payment of tax…

The grey market premium (GMP) of E to E Transportation Infrastructure IPO jumped sharply a day ahead of its listing on the NSE Emerge platform, indicating strong investor sentiment. According to market trackers, the company’s shares were trading at a grey market premium of up to 92% on Thursday. Data from Investorgain showed a GMP of ₹161 per share, suggesting a potential listing gain of about 92.5% over the upper end of the issue price. IPO Watch, meanwhile, estimated the premium at over 83%. Shares of E to E Transportation Infrastructure are scheduled to be listed on January 2, after…

Force Motors Limited reported a significant year‑on‑year increase in sales for the month of December 2025, according to a regulatory filing submitted to the National Stock Exchange (NSE) and BSE on Friday. The company disclosed that its domestic sales of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV) and Sports Utility Vehicles (SUV) rose to 2,952 units in December 2025, up 48.7% from 1,985 units in December 2024. On the export front, sales also saw strong growth, with 96 units shipped overseas in December 2025, compared with 51 units a year earlier, marking an 88.2% increase. Combined…

IT stocks recovered in Thursday’s session after a six-day decline, with the Nifty IT index rising close to 1%, as investors engaged in value buying following sustained profit booking. Wipro led the gains with a nearly 2% rise, while HCL Technologies and Mphasis gained 1.34% and 1.32%, respectively. Other major IT players, including Infosys, Tech Mahindra, Tata Consultancy Services (TCS), and LTIMindtree, also advanced up to 1%, with nine out of ten constituents of the Nifty IT index trading in the green. Key Drivers Behind the Rally The rebound comes as a relief for investors after a brief period of…

NMDC Limited, India’s largest state‑owned iron ore producer, reported an increase in iron ore production and sales volumes for December 2025, according to a provisional operational update filed with the National Stock Exchange (NSE) and BSE on Friday. The update provided monthly and cumulative figures for December and for the period up to December 31, 2025 (FY2025‑26 YTD). The data shows robust output growth across NMDC’s mining sectors: Dec 2025 Production & Sales Highlights vs Dec 2024 (Provisional) Cumulative Volumes for FY26 YTD vs FY25 YTD (Up to Dec) The bulk of the increase came from NMDC’s Chhattisgarh and Karnataka…

Chicago-based Clean Core Thorium Energy (CCTE) has entered into a strategic collaboration with NTPC Ltd, India’s largest power producer, to jointly explore the development of thorium-based nuclear fuel, marking a major milestone in India–US nuclear energy cooperation, according to a report by The Indian Express. CCTE has become only the second US company in nearly 20 years to receive an export licence from the US Department of Energy to supply nuclear technology to India. The partnership comes as India looks to enhance long-term energy security and reduce reliance on imported uranium. As per the report, NTPC’s board has approved a…

Bharat Electronics Ltd (BEL), the Navratna defence public sector undertaking, announced that it has secured new orders worth approximately ₹569 crore, the company said in a regulatory filing to the stock exchanges on January 1, 2026. The additional orders have been received since the company’s last disclosure on December 29, 2025, and include contracts related to communication equipment, medical electronics, instant fire detection & suppression systems, upgrades, spares and services. BEL, a key supplier of electronics and defence systems to the Indian armed forces and government agencies, continues to expand its order book through diversified product lines and ongoing project…