Author: Legal Parivar

Real estate developer Godrej Properties reported a sharp 42% rise in net debt during the June quarter of FY26, reaching ₹4,637 crore, compared to ₹3,269 crore at the end of the previous fiscal. According to the company’s investor presentation, the debt-to-equity ratio has increased to 0.26 from 0.19. Despite the rise, leverage remains at a manageable level. The company has been pursuing an aggressive land acquisition strategy to capitalize on rising housing demand. In the first quarter of FY26, Godrej Properties acquired five land parcels across Mumbai, Pune, Bengaluru, and Panipat, with a combined revenue potential of ₹11,400 crore. These…

Shares of Tata Consultancy Services (TCS) are undergoing their sharpest decline since the 2008 global financial crisis. The company has lost nearly ₹5.66 lakh crore in market capitalization, falling 34% from its all-time high of ₹4,585.90. So far in 2025, the stock has slipped 26%, reducing its market value to ₹10.93 lakh crore from a peak of ₹16.59 lakh crore. The downturn has been triggered by a combination of weak demand, the disruptive impact of generative AI, and a mixed first-quarter performance. Foreign portfolio investors, who once had significant exposure to Indian IT, have reduced their TCS holdings from 12.35%…

Prime Minister Narendra Modi on Sunday announced that the Centre has circulated the draft of next-generation Goods and Services Tax (GST) reforms to all states, seeking their cooperation for implementation ahead of Diwali. Speaking at an event after inaugurating two expressways, PM Modi said the upcoming GST reforms aim to simplify tax structures and benefit the poor, middle class, and businesses of all sizes. He emphasized that reforms under the GST framework are designed to make governance more efficient and business operations smoother. Under the proposed structure, the current four GST slabs — nil, 5%, 12%, 18%, and 28% —…

The Finance Ministry has convened a meeting of public sector bank (PSB) chiefs on Wednesday, August 20, 2025, to review their first-quarter financial performance. The meeting will be chaired by Financial Services Secretary M. Nagaraju, sources said. Public sector banks collectively reported a record profit of ₹44,218 crore in Q1 FY26, marking an 11% year-on-year growth compared to ₹39,974 crore in the same quarter last year. The State Bank of India (SBI) led the performance, contributing 43% of total PSB earnings, with a net profit of ₹19,160 crore, up 12% YoY. Despite SBI’s dominance, several mid-sized lenders recorded strong growth.…

The sixth round of India–US trade negotiations, originally scheduled for August 25, has been postponed and will be rescheduled, according to sources cited by CNBC-TV18. Washington is preparing to impose an additional 25% tariff on Indian goods starting August 27 under an executive order. If implemented, the move would effectively double the penalty on Indian exports to 50% in total. Officials familiar with the matter said the US position on tariffs remains firm, largely influenced by the absence of a peace agreement between the US, Russia, and Ukraine. The ongoing geopolitical crisis continues to drive Washington’s trade policy stance. Negotiations…

Former U.S. President Donald Trump has called for a comprehensive peace agreement to end the ongoing war between Russia and Ukraine, stressing that a ceasefire alone would not be sustainable. His remarks came after holding a high-level summit with Russian President Vladimir Putin in Alaska, followed by extensive discussions with Ukrainian President Volodymyr Zelenskyy and key European leaders. Trump described the Alaska talks with Putin as “very successful,” while also noting that he spoke with Zelenskyy and NATO leaders later in the evening. “We all determined that the best way to end this horrific war is a Peace Agreement —…

LIC Recruitment: The Life Insurance Corporation of India (LIC) has announced its AAO and AE Recruitment 2025 drive, inviting applications for 841 vacancies. Candidates can apply online through the official website licindia.in between August 16 and September 8, 2025. 🔹 Vacancy Details 🔹 EligibilityApplicants must refer to the detailed notification on LIC’s website for post-wise educational qualifications, age criteria, and other requirements. 🔹 Application Fees 🔹 Selection ProcessRecruitment for AAO posts will be conducted in three stages – Preliminary Exam, Main Exam, and Interview – followed by a pre-recruitment medical test. Notably, marks obtained in the Preliminary Exam (Phase I)…

Prime Minister Narendra Modi, in his Independence Day address on Friday, announced that the government is preparing to roll out “next-generation GST reforms” by Diwali 2025, aimed at lowering the tax burden on households and businesses. According to officials aware of the discussions, the reform plan proposes merging GST slabs into three tiers — 5%, 18%, and 40%. Everyday essentials such as groceries, medicines, televisions, washing machines, agricultural equipment, bicycles, and even education and insurance services are expected to become cheaper. As GST is a consumption-based tax, experts say the biggest winners will be consumers, with cheaper household essentials boosting…

India’s foreign exchange reserves recorded a sharp fall of $9.32 billion, standing at $688.871 billion for the week ending August 1, according to the latest data released by the Reserve Bank of India (RBI). Despite the decline, the forex reserves remain close to the all-time high of $704.89 billion, achieved in September 2024. At the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that the country’s forex stockpile was strong enough to cover 11 months of imports. Breaking down the reserves, foreign currency assets (FCA), the largest component, stood at $581.607 billion, while gold reserves dipped by $1.706 billion,…

The three-day bidding process for the Regaal Resources IPO closed on Thursday, witnessing strong investor demand. Attention has now shifted to the IPO allotment process, which is expected to take place today. In case of any delay, the allotment date has been scheduled for 18 August 2025. Applicants can check their Regaal Resources IPO allotment status online either on the BSE website (bseindia.com) or through the official registrar, MUFG Intime India Pvt Ltd. Regaal Resources IPO GMP Today In the grey market, shares of Regaal Resources continue to command a healthy premium, though slightly lower than earlier this week. As…