Author: Legal Parivar

The futures & options (F&O) segment of the BSE has witnessed a remarkable growth of 1,539 percent in its average daily premium turnover over the past two years, despite the industry navigating several restrictive regulations imposed by the Securities & Exchange Board of India (SEBI). As of last Tuesday, BSE’s average daily premium turnover stood at Rs 15,325 crore, marking a 112 percent increase from the end of 2024. By comparison, the figure at the end of 2023 was Rs 935 crore. Experts attribute this surge to Sensex contracts emerging as a key trading arena and the exchange attracting more…

Prime Minister Narendra Modi is set to hold consultations with a group of economists and sectoral experts on Tuesday, December 30, as part of the government’s pre-Budget exercise ahead of the Union Budget for 2026-27, which Finance Minister Nirmala Sitharaman is scheduled to present in Parliament on February 1. According to reports, the meeting comes at a crucial juncture, with policymakers grappling with both global and domestic economic challenges. The upcoming Budget is being prepared amid heightened geopolitical uncertainty and against the backdrop of a steep 50 percent tariff imposed by the United States on shipments from India, which is…

Major stock indices on Wall Street edged lower on Monday, led by declines in technology shares, as investors turned cautious after last week’s strong rally and ahead of the year-end holiday lull. At 11:13 a.m. ET, the Dow Jones Industrial Average was down 217.14 points, or 0.45 percent, at 48,493.83. The S&P 500 slipped 28.77 points, or 0.42 percent, to 6,901.26, while the Nasdaq Composite declined 150.02 points, or 0.63 percent, to 23,443.07. Markets opened lower, with losses deepening through the session amid renewed volatility, even as optimism persists that the rally in technology stocks could extend into 2026. With…

The number of bank frauds reported in India declined sharply in 2025–26, but the total amount involved increased, according to the Reserve Bank of India’s (RBI) latest report on ‘Trends and Progress of Banking in India 2024–25’. As of end-September, banks reported 5,092 fraud cases, significantly lower than 18,386 cases recorded during the same period last year. However, the value of frauds rose to ₹21,515 crore during April–September, compared with ₹16,569 crore in the year-ago period. “Frauds present multiple challenges by exposing financial institutions to reputational, operational and business risks, while also weakening customer trust,” the RBI said in the…

Silver prices witnessed a sharp reversal on the Multi Commodity Exchange (MCX) on Monday, December 29, slipping more than 5 percent in evening trade after scaling an all-time high earlier in the day. According to MCX data, Silver March futures fell 5.7 percent to ₹2,25,954 per kg around 8:00 pm, sharply lower from the record peak of ₹2,54,174 per kg touched during the morning session. The selling pressure intensified as the session progressed, with prices extending losses after a steep intraday reversal. The decline followed heavy profit booking after silver surged past the ₹2.5 lakh per kg mark for the…

Reliance Industries on Monday, December 29, denied reports claiming that the Indian government has made a $30 billion compensation demand against the company and its partner BP, calling the report “factually incorrect and irresponsible”. In a regulatory filing, the Mukesh Ambani-led conglomerate refuted a media report which alleged that the government was seeking over $30 billion in damages from Reliance and BP for alleged underproduction of gas from offshore fields. The report had suggested that the claim was made during submissions by the government before a three-member arbitration tribunal, which concluded hearings on November 7 in a dispute dating back…

Four companies—Varmora Granito, Knack Packaging, Shivalaya Construction, and Behari Lal Engineering—have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their initial public offering (IPO) plans, while Infifresh Foods, the parent company of B2B seafood platform Captain Fresh, has withdrawn its draft papers filed through the confidential route. SEBI issued its observations on the draft offer documents of Varmora Granito on December 15, followed by Shivalaya Construction and Behari Lal Engineering on December 24, and Knack Packaging on December 26. Receipt of SEBI’s observations enables the companies to launch their IPOs within one year. Varmora…

Foreign institutional investors (FIIs) turned net sellers once again on December 29, offloading Rs 2,760 crore worth of Indian equities, marking the second-highest sell-off by foreign investors this month, according to provisional exchange data. The largest FII outflow in December was recorded on December 9, when overseas investors sold shares worth Rs 3,760 crore. In contrast, domestic institutional investors (DIIs) stepped in to cushion the markets, net buying shares worth Rs 2,644 crore during the session. Data showed that FIIs purchased equities worth Rs 6,435 crore but sold shares totalling Rs 9,195 crore on the day. DIIs, meanwhile, bought stocks…

Global private equity major Blackstone-promoted Horizon Industrial Parks, India’s largest industrial and logistics infrastructure developer, has filed draft papers with the Securities and Exchange Board of India (SEBI) on December 29 to raise up to Rs 2,600 crore through an initial public offering (IPO). The proposed public issue comprises an entirely fresh issue of equity shares, with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Ahead of the IPO, the company may consider a pre-IPO placement of up to Rs 520 crore, which will form part of the fresh issue. The pre-IPO round saw participation from…

Automotive lighting products and components manufacturer Neolite ZKW Lightings has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 29 to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO consists of a fresh issue of equity shares worth Rs 400 crore and an offer-for-sale (OFS) of shares worth Rs 200 crore by existing shareholders, including Rajesh Jain, Neokraft Global, and ZKW Group GmbH. Post the issue, the company’s promoters—Rajesh Jain, Pramod Plastic Industries, and Neokraft Global—currently hold a combined 77.38 percent stake, while ZKW Group GmbH, a…