Author: Legal Parivar

To address the risk of excess supply in the current sugar season (October–September), the government has permitted the export of up to 50,000 metric tonnes (MT) of organic sugar per year with immediate effect. According to a notification issued by the Directorate General of Foreign Trade (DGFT), organic sugar has been removed from the ‘prohibited’ export category, subject to an annual cap of 50,000 tonnes. Context: balancing sugar stocks The decision comes amid efforts to manage rising sugar output. Earlier, the government had allowed 1.5 million tonnes (MT) of conventional sugar exports in the 2025–26 sugar season to balance domestic…

Rail engineering solutions provider E to E Transportation Infrastructure has closed its maiden public issue with an overwhelming 489.52 times subscription on December 30, driven by robust participation across investor categories. The company launched its initial public offering (IPO) on December 26, offering 48.4 lakh equity shares to raise ₹84.2 crore at the upper end of the price band of ₹174 per share. The issue consisted entirely of a fresh issue. During the three-day subscription window, investors placed bids for 169.49 crore shares against an offer size of 34.62 lakh shares, through around 6.65 lakh applications. Non-institutional investors and retail…

The Central Board of Secondary Education (CBSE) has postponed certain Class 10 and Class 12 board examinations that were earlier scheduled to be held on March 3, 2026, citing administrative reasons. The board has released a revised schedule, with the affected papers moved to later dates. Which CBSE exams have been rescheduled? For Class 10, examinations in the following subjects will now be conducted on March 11, 2026: Tibetan, German, National Cadet Corps (NCC), Bhoti, Bodo, Tangkhul, Japanese, Bhutia, Spanish, Kashmiri, Mizo, Bahasa Melayu, and Elements of Book Keeping and Accountancy. For Class 12, the Legal Studies paper has been…

The Indian rupee closed higher on Tuesday after recovering in late trade, settling at 89.79 against the US dollar, supported by equity market inflows into banking and financial stocks. The domestic currency opened near the 90 level at 89.93 and weakened during the session, slipping to 89.94 in afternoon trade. However, late-session recovery helped the rupee trim losses and close on a stronger note. Softer metal prices lift sentiment A decline in global metal prices also aided the rupee. Prices of gold, silver and copper fell sharply on December 29 amid progress in peace-related discussions between the US and Ukraine…

Telangana-based hallmarked gold jewellery processor and supplier Deepa Jewellers has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), primarily to support its long-term working capital needs. According to the draft red herring prospectus (DRHP), the proposed IPO will comprise a fresh issue of equity shares worth ₹250 crore, along with an offer for sale (OFS) of up to 1.18 crore shares by promoters Ashish Agarwal and his wife. Use of Proceeds The company plans to deploy around ₹215 crore from the fresh issue towards meeting its long-term…

The Ministry of Corporate Affairs (MCA) has granted further relief to companies by extending the deadline for filing annual returns and financial statements for FY 2024–25 till January 31, 2026, without payment of additional fees. The relaxation has been announced through General Circular No. 08/2025, dated December 30, 2025, issued by the MCA from its headquarters in New Delhi. Forms Covered Under the Extension As per the circular, companies can file the following statutory e-Forms without any additional fees up to January 31, 2026: The relaxation applies to filings pertaining to the financial year 2024–25. Continuation of Earlier Relief The…

Prime Minister Narendra Modi on Tuesday, December 30, said he was deeply concerned by reports suggesting an attempted attack on the residence of Russian President Vladimir Putin, and stressed that diplomacy remains the only sustainable route to peace. In a post on X, PM Modi said ongoing diplomatic engagement offers the most viable path to ending hostilities and called on all parties to refrain from actions that could derail peace efforts. Russia on Monday accused Ukraine of attempting to target President Putin’s residence and warned of retaliation. Moscow did not present evidence to support the allegation, which Kyiv rejected, calling…

Kotak Mahindra Bank has announced January 14, 2026, as the record date for its upcoming 1:5 stock split, marking the bank’s first share subdivision in nearly 15 years. As per the announcement, shareholders who hold Kotak Mahindra Bank shares in their demat accounts at the close of trading on January 13 will be eligible for the stock split. Investors purchasing the shares on or after January 14 will not qualify for the entitlement. In an exchange filing, the bank said it has fixed Wednesday, January 14, 2026, as the record date under Regulation 42 of the SEBI (Listing Obligations and…

Mutual fund launches in 2025 revealed a clear mismatch between the number of new schemes introduced and the segments that actually attracted investor money. Between January and November, asset management companies rolled out 204 new schemes, raising a total of ₹83,064 crore through new fund offers (NFOs). While passive funds dominated the launch pipeline, accounting for nearly 60% of all NFOs, they attracted only a small fraction of overall inflows. A total of 121 passive schemes were launched during the period, but these collected just ₹6,371 crore, contributing less than 8% of total NFO mobilisation. Index Funds Drive Limited Passive…

The GST Council is likely to deliberate on a proposal to reduce taxes on air and water purifiers at its upcoming meeting, against the backdrop of deteriorating air quality in several regions and uneven access to safe drinking water, according to a media report published on Tuesday. Sources familiar with the matter indicated that the Council may examine lowering the goods and services tax (GST) on household air and water purifiers from the current 18% to 5%. This would require reclassifying these products as essential items, rather than treating them as discretionary consumer goods. Industry estimates suggest that such a…