Author: Legal Parivar

Shares of ITC Ltd witnessed a sharp sell-off on Thursday, January 1, plunging nearly 10% intraday to hit their lowest level in almost three years, after the government announced a steep excise duty hike on cigarettes and tobacco products, effective February 1, 2026. According to a late-evening notification issued by the Finance Ministry, cigarettes will attract an excise duty ranging between ₹2,050 and ₹8,500 per 1,000 sticks, depending on product length. This levy will be over and above the higher GST rate of 40% that will also apply to cigarettes, tobacco and related products from February. Following the announcement, ITC…

Lloyds Metals and Energy Limited today released its operational update for the nine months ended December 31, 2025 (9MFY26), showing substantial growth in production across key segments, according to a filing with the National Stock Exchange and BSE. For 9MFY26, the company reported: The operational report also highlighted 4.5 million tonnes of BHQ (Banded Hematite Quartzite) ready for processing once the company’s beneficiation plants are fully commissioned. Lloyds Metals & Energy, incorporated in 1977, is a leading integrated player in the metals and mining sector, operating one of India’s largest iron ore mines at Surjagarh in the Gadchiroli district of…

CSL Finance Limited, a non-banking financial company (NBFC), reported a significant year-on-year growth in key business metrics for the quarter ended December 31, 2025, according to its quarterly update filed with the stock exchanges on January 1, 2026. As per the filing, the company’s Assets Under Management (AUM) expanded by 27.56% to approximately ₹1,467 crore, compared with ₹1,150 crore in the quarter ended December 2024. The increase in AUM reflects the firm’s continued focus on lending to small and medium enterprises and wholesale clients. During the quarter, CSL Finance received fresh sanction approvals of ₹198 crore from nine lenders, including…

Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced strong sales performance for Q3FY26, with total commercial vehicle dispatches climbing 21% year-on-year, the company said in an exchange filing on January 1, 2026. According to the press release, the commercial vehicle business reported total sales of 1,15,577 units in Q3FY26, up from 95,770 units in Q3FY25. The March quarter growth was broad-based across key segments, underpinned by sustained demand from infrastructure, logistics, construction and mining sectors. Sales highlights — December 2025 & Q3FY26 Overall, the Q3FY26 sales performance was supported by continued market recovery and strong order flow across commercial…

The Nifty IT index significantly underperformed the benchmark Nifty 50 in calendar year 2025, highlighting a sharp divergence within Indian equity markets. While the Nifty 50 gained 10.51%, the Nifty IT index declined 12.6%, reflecting sustained pressure on information technology stocks amid global uncertainty. Most major IT companies, including TCS, Infosys, HCL Tech, Wipro, LTIMindtree and Tech Mahindra, ended 2025 with double-digit losses, weighed down by muted discretionary spending, cautious enterprise technology budgets and prolonged macroeconomic challenges in key overseas markets. However, after the extended correction, market observers note that value is beginning to emerge in the IT sector, supported…

RPG Group company KEC International has announced the receipt of new orders worth ₹1,050 crore, spread across multiple business verticals, strengthening its order book and expanding its presence in key infrastructure segments. In the renewable energy segment, KEC has secured its first-ever wind power project, involving a 100+ MW capacity. The scope includes a balance of plant (BoP) package for a wind project located in southern India. While the company did not disclose the client’s name, it stated that the order has been awarded by a well-known private developer, marking KEC’s formal entry into the fast-growing wind energy space. Under…

Trading patterns in Indian market-linked instruments showed a sharp geographic split in calendar year 2025, with domestic market activity easing while offshore trading at GIFT IFSC surged to record levels, according to the National Stock Exchange’s (NSE) annual highlights. While participation and turnover in India’s onshore secondary markets weakened over the year, activity on the NSE International Exchange (NSE IX) gained strong momentum. The exchange reported a total notional turnover of over $1.16 trillion in 2025, making it one of its strongest years since inception. A large share of this volume came from GIFT Nifty derivatives, which alone accounted for…

Shares of Modern Diagnostic and Research Centre are trading at a grey market premium (GMP) of around 14%, reflecting robust investor appetite for the company’s initial public offering (IPO). The strong sentiment comes as the issue witnessed heavy subscription on the second day of bidding. According to unofficial market trackers, Investorgain quoted a GMP of about ₹12 per share, pointing to an estimated listing gain of nearly 13%, while IPO Watch pegged the premium closer to 14%. The Gurugram-based pathology and radiology services provider saw its IPO subscribed over 15 times by around 1:30 pm on January 1, the second…

India’s anti-corruption watchdog Lokpal has scrapped its controversial plan to procure seven luxury BMW cars worth nearly ₹5 crore, officials confirmed on January 1. The decision comes two months after the tender was floated and following sharp criticism from opposition parties and civil society groups. The cancellation was approved by a full bench resolution of the Lokpal, after which a formal corrigendum dated December 16, 2025 was issued. The original tender, floated on October 16, 2025, had invited bids for seven BMW 3 Series 330Li (M Sport) long-wheelbase sedans, proposed to be allotted to the Lokpal chairperson and six members.…

Adani Power shares surged sharply in the first trading session of 2026, rising nearly 7% to ₹153 apiece on January 1, marking the stock’s highest level since November 20. The rally also stands out as the biggest intraday gain in more than a month, even as the broader Indian equity market traded in a narrow range. While there was no specific fundamental announcement, market activity in the stock intensified. Trading volumes spiked sharply, with around 50 million shares changing hands across the NSE and BSE by early afternoon—about four times the recent weekly average, indicating heightened investor interest. On the…