Author: Legal Parivar

January 2026 is shaping up to be a crucial month for India Inc, with several large listed companies scheduled to announce their Q3FY26 (October–December) earnings. The results season will provide vital clues on corporate performance amid evolving macroeconomic conditions and sector-specific trends. The October–December quarter is particularly important as market participants expect earnings momentum to improve from Q3 onwards, after a subdued start to the financial year. IT majors to kick off Q3 earnings season The information technology sector will lead the earnings calendar. Tata Consultancy Services (TCS) and HCL Technologies are slated to announce their Q3FY26 results on January…

Shares of Eternal, the parent company of Zomato and Blinkit, have delivered stellar returns, rising over 122 percent since their listing in 2021. The strong rally has translated into outsized gains for early backer Info Edge (India) Ltd, which invested in the food delivery platform more than a decade ago. The Naukri.com-parent had invested ₹86 crore in Zomato between 2010 and 2013, a bet that has multiplied manifold as the company scaled up and eventually listed on the stock exchanges. Info Edge’s stake in Eternal As of the end of the September quarter of FY26, Info Edge held a 12.38…

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…