Author: Legal Parivar

Vodafone Idea shares surged more than 5% on Thursday, January 1, after the telecom operator announced a promoter-led capital infusion aimed at strengthening its balance sheet and supporting future cash flows. The development was disclosed in a regulatory filing following a board meeting held on December 31, 2025. The company said it has entered into an agreement with the Vodafone Group, executing an amendment to the original Implementation Agreement dated March 20, 2017, thereby formalising the promoters’ commitment to infuse ₹5,836 crore into the company. Promoters firm up ₹5,836 crore funding plan As per the approved structure, ₹2,307 crore will…

December 2025 emerged as another record-breaking month for India’s digital payments ecosystem, with Unified Payments Interface (UPI) transactions scaling fresh highs in both volume and value, capping a landmark year for digital payments adoption. UPI transaction volumes surged to 21.6 billion transactions in December, the highest level ever recorded, surpassing 20.47 billion transactions in November. Transaction value rose to ₹28 lakh crore, up from ₹26.3 lakh crore in the previous month and above the earlier peak of ₹27.3 lakh crore recorded in October. On a daily basis, Indians conducted nearly 698 million UPI transactions, while the average transaction size settled…

Shares of Indian Renewable Energy Development Agency (IREDA) rose around 2% on Thursday, January 1, after the company released a provisional update on its business performance for the third quarter of FY26. The stock touched an intraday high of ₹142.30 apiece, extending gains for the second consecutive session. IREDA Q3 FY26 business update In a regulatory filing released after market hours on December 31, IREDA reported loan disbursements of ₹24,903 crore during the October–November period of the ongoing financial year. This represents a 44% year-on-year (YoY) increase, compared with ₹17,236 crore disbursed in the corresponding period last year. The company’s…

Shares of Apollo Micro Systems Ltd climbed nearly 3% in Thursday’s trading session, after the company announced that its subsidiary, Apollo Defense Industries, has entered into a new contract with a private company. According to an exchange filing, Apollo Defense Industries Private Limited has secured a contract worth ₹150 crore in the ordinary course of business. “This is to inform you that Apollo Defense Industries Private Limited, a subsidiary unit of Apollo Micro Systems Ltd, has entered into an agreement with a private company for execution of a contract worth ₹1,500 million,” the company said in its regulatory disclosure. Following…

The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond (SGB) 2018–19 Series IV, which is due for early exit today, January 1, 2026. The tranche was originally issued on January 1, 2019, making it eligible for premature redemption under the five-year lock-in rule of the SGB scheme. Premature redemption explained As per a Government of India notification dated October 8, 2018, premature redemption of Sovereign Gold Bonds is permitted after completion of five years from the date of issue, and only on dates when semi-annual interest is payable. Since SGB 2018–19 Series IV…

Shares of Vodafone Idea (Vi) climbed over 4% in early trade on Thursday, January 1, after the telecom operator disclosed that it will receive around ₹5,836 crore from Vodafone Group as part of a revised settlement of a long-pending liability arrangement between the two companies. According to regulatory filings by both entities, the payment forms part of a re-settlement of claims under the Contingent Liability Adjustment Mechanism (CLAM), which was originally put in place at the time of the 2017 merger of Vodafone India and Idea Cellular. Under the amended agreement, Vodafone Group promoters will release ₹2,307 crore to Vodafone…

MCX gold prices edged lower in early trade on Thursday, January 1, as investors booked profits amid a firmer US dollar. However, losses in the yellow metal remained limited due to growing expectations of further interest rate cuts by the US Federal Reserve later this year. At around 10 am, MCX gold February futures slipped 0.13% to ₹1,35,267 per 10 grams, while MCX silver March contracts traded 0.06% higher at ₹2,35,842 per kg, supported by improved spot demand. Stellar rally in 2025 Gold and silver delivered exceptional returns in 2025. According to MCX data, domestic spot gold surged by ₹56,727,…

Shares of cigarette makers ITC Ltd and Godfrey Phillips India came under sharp selling pressure on Thursday, January 1, after the government announced a fresh excise duty on cigarettes, effective from February 1, 2026. According to a Finance Ministry notification issued late Wednesday, the excise duty will be levied in the range of ₹2,050 to ₹8,500 per thousand sticks, depending on the length of the cigarette. Following the announcement, ITC shares declined as much as 4.14% on the BSE, hitting an intraday low of ₹386.30. Shares of Godfrey Phillips India slid up to 8%, touching a low of ₹2,540.15 during…

The new year has begun on a costlier note for India’s hospitality and services sector, with prices of 19-kg commercial LPG cylinders raised by ₹111 across major cities from January 1, 2026. The increase applies exclusively to commercial cylinders, while domestic LPG prices remain unchanged, offering relief to households. The revision, implemented by Indian Oil Corporation (IOC), is expected to push up operating costs for hotels, restaurants, dhabas, and catering units. Industry participants warn that the higher fuel expense could eventually be passed on to consumers in the form of increased food prices. Commercial LPG prices across metros Following the…

Shares of Solar Industries India ended Wednesday’s session, December 31, 2% higher at ₹12,241 apiece, snapping a five-day losing streak after the company announced a major order win from Coal India Limited, which boosted investor sentiment. In a regulatory filing, Solar Industries said it has secured an additional order worth ₹1,746 crore from Coal India Limited on behalf of its subsidiaries. The order is for the supply of bulk explosives, to be executed over a two-year period. Earlier in October, the company had disclosed an order valued at ₹483 crore from South Eastern Coalfields Limited (SECL), a Coal India subsidiary.…