Author: Legal Parivar

The Reserve Bank of India (RBI) will launch a new real-time cheque clearing system starting October 4, 2025, significantly reducing the current processing time from up to two working days to just a few hours. Under the new system, cheques will be scanned, processed, and settled continuously during business hours, replacing the existing batch-based clearing cycle. The transition aims to enhance customer convenience and reduce settlement risks. Phase 1 (October 4, 2025 – January 2, 2026): Phase 2 (From January 3, 2026): This move marks a major step towards faster, more efficient banking in India, aligning with global best practices…

Promoter Suneetha Reddy offloaded a 1.3% stake in Apollo Hospitals Enterprise, a Nifty 50 company, for ₹1,489.3 crore via open market transactions on Friday. The sale involved 18.97 lakh shares at ₹7,850 per share through block deals. Despite the massive transaction, Apollo Hospitals shares closed nearly flat at ₹7,922.5, down 0.05% on the NSE. Major buyers included Morgan Stanley, Goldman Sachs, Societe Generale, T Rowe Price, Abu Dhabi Investment Authority, and leading domestic mutual funds. In other market activity, Consolidated Construction Consortium surged to ₹17.88, hitting the 20% upper circuit on heavy volumes, recouping several weeks of losses. Banyan Capital…

The National Stock Exchange (NSE) announced changes to its Nifty 50 index on Friday, effective September 30. Max Healthcare Institute and InterGlobe Aviation—the parent company of IndiGo—will be added, while IndusInd Bank and Hero MotoCorp are set to be removed as part of the semi-annual reshuffle. The NSE reviews the Nifty 50 composition twice a year, based on average free-float market capitalization over the six months ending January 31 and July 31, with changes taking effect in March and September. Index adjustments often trigger portfolio rebalancing by ETFs tracking the Nifty 50, potentially resulting in significant inflows or outflows for…

Prime Minister Narendra Modi will embark on a four-day official visit to Japan and China starting August 29, the Ministry of External Affairs (MEA) announced on Friday. Japan Visit: August 29-30PM Modi will be in Japan on August 29 and 30 to participate in the 15th India-Japan Annual Summit, at the invitation of Japanese Prime Minister Shigeru Ishiba. This will mark Modi’s eighth visit to Japan and his first summit with PM Ishiba. During the visit, both leaders are expected to review the Special Strategic and Global Partnership between India and Japan, covering key areas such as defense and security,…

DII and FII Activity For the first time since July 4, 2025, Domestic Institutional Investors (DIIs) turned net sellers, offloading ₹329 crore in Indian equities. Similarly, Foreign Institutional Investors (FIIs/FPIs) were net sellers, offloading ₹1,623 crore on Friday, August 22, 2025. During the trading session: For 2025 so far: Market Performance Indian benchmark indices ended lower, ending a six-day winning streak: The broad-based decline came amid caution ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech, adding uncertainty to global markets. Sector-Wise Performance Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should…

Microfinance company Satin Creditcare Network has successfully raised ₹100 crore through non-convertible debentures (NCDs), the company announced on Friday, August 22, 2025. The bond issuance was completed in two tranches: The funds are structured with bullet repayments at the end of 5.5 years and 7 years, aimed at strengthening the company’s asset-liability position. Purpose of the Fundraising The raised capital will be used to: The debentures qualify as Tier II capital, reinforcing Satin Creditcare’s financial stability and lending capacity. As of June 30, 2025, the company maintained a CRAR of approximately 26%, providing a strong capital cushion for growth. Company…

FII Outflows in August Foreign institutional investors (FIIs) withdrew ₹31,889 crore from eight major sectors of Indian equities in the first half of August 2025, with financial and IT stocks experiencing the largest exits. Overall, FIIs sold Indian equities worth ₹20,976 crore in the first half of August, continuing the retreat from July, and bringing total outflows for 2025 to around ₹1.2 lakh crore. The withdrawals were triggered by concerns over U.S. tariffs on Indian goods and weak corporate earnings for the June quarter. Impact on Emerging Market Allocation As a result of FII exits, India has become one of…

Sensex and Nifty Close in Red Indian benchmark indices Sensex and Nifty ended the trading session lower on Friday, August 22, 2025, snapping a six-day rally. The market correction comes amid caution ahead of U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium and anticipation of fresh U.S. tariffs on Indian goods, along with other global headwinds. Key Reasons Behind the Decline 1. Caution Ahead of Jackson Hole Investors remained cautious ahead of the Jackson Hole symposium, seeking clarity on the U.S. interest rate trajectory. Uncertainty over potential rate cuts in September impacted market sentiment, particularly in…

Mangal Electrical IPO Subscription Update After a slow start, the Mangal Electrical IPO closed with healthy demand on Friday, August 22, 2025. The public issue had opened on August 20, 2025, and saw significant traction on the second day of the book-building process. Segment-wise subscription: The IPO allotment date is set for Monday, August 25, 2025. Mangal Electrical IPO Grey Market Premium (GMP) The grey market premium (GMP) has declined sharply from ₹34 to ₹15. Based on the current GMP and issue price, the potential listing price is estimated at ₹576 per share, a modest 3% premium over the IPO…

Income Tax Act, 2025 Receives Presidential Assent The Income Tax Act, 2025, replacing the decades-old 1961 law, was notified by the Government of India in the Official Gazette on Friday, August 22, 2025, following President Droupadi Murmu’s assent on August 21, 2025. The Income Tax India handle on X (formerly Twitter) highlighted the historic development: “The Income-tax Act, 2025 has received the Hon’ble President’s assent on 21st Aug 2025. A landmark reform replacing the 1961 Act, it ushers in a simpler, transparent & compliance-friendly direct tax regime.” The new Income Tax laws will come into effect from April 1, 2026.…