Author: Legal Parivar

The Bombay High Court has set aside earlier arbitral awards and ruled that a broker cannot be held automatically liable for losses incurred in Futures & Options (F&O) trading solely due to failure to maintain SEBI-mandated trade confirmations, if such losses arise from procedural lapses. In a judgment delivered on December 24, Justice Sandeep V. Marne overturned awards that had directed Sharekhan to bear 50% of speculative losses suffered by two clients. The court held that investors who silently delegate trading authority must also bear the risks associated with speculative transactions. “This is yet another case of investors seeking to…

The Reserve Bank of India (RBI) on Monday announced revisions to its October proposals on related-party transactions involving banks and non-banking financial companies (NBFCs), incorporating several suggestions made by industry stakeholders. In October, the central bank had proposed tighter rules governing lending to related or connected counterparties, including entities linked to a lender through ownership, control, or influence over lending decisions. The RBI had cautioned that such relationships could be detrimental to the interests of banks and other stakeholders, noting that related parties may extend beyond entities covered under existing statutory or regulatory restrictions. Existing transactions allowed to continue In…

A man was detained early Monday, January 5, after allegedly vandalising the Ohio residence of US Vice President JD Vance, according to the US Secret Service. The incident took place shortly after midnight at Vance’s home in Cincinnati’s Walnut Hills neighbourhood, east of downtown. Suspect detained by Secret Service In an official statement, Secret Service spokesperson Anthony Guglielmi said an adult male was taken into custody by agents assigned to protect the vice president’s residence. “An adult male was detained by U.S. Secret Service personnel for causing property damage, including breaking windows on the exterior of a personal residence associated…

The Indian equity market closed in the red on Monday, January 5, snapping its recent momentum despite firm global cues, as investors booked profits in select heavyweight stocks amid rising geopolitical tensions following reports of US military action in Venezuela. While global markets remained largely resilient to the developments in Venezuela, domestic indices witnessed cautious trading. Asian markets rallied strongly, with Japan’s Nikkei and South Korea’s Kospi jumping over 3% each, while China’s Shanghai Composite gained more than 1%. European markets also traded higher, with Germany’s DAX up over 1%, and both FTSE 100 and CAC 40 in positive territory…

The grey market premium (GMP) for Bharat Coking Coal Ltd (BCCL) surged to nearly 70% on Monday after the Coal India subsidiary announced the price band for its ₹1,071-crore Initial Public Offering (IPO). According to platforms tracking unofficial market activity, BCCL shares are commanding a strong premium ahead of the issue. Investorgain quoted a GMP of around ₹16 per share, implying a potential listing gain of about 69.6%, while IPO Watch reported GMP levels close to 70%. BCCL has fixed the IPO price band at ₹21–23 per share, valuing the company at over ₹10,700 crore at the upper end. The…

New Delhi-based Gabion Technologies India, a manufacturer of steel wires and gabions, is set to make its stock market debut with an Initial Public Offering (IPO) opening on January 6. The company has fixed the price band for the issue at ₹76–81 per share. Through the IPO, Gabion aims to raise ₹29.16 crore by issuing 36 lakh fresh equity shares at the upper end of the price band. The issue is entirely a fresh issue, with no offer-for-sale component. The public issue will remain open for subscription until January 8, with the basis of allotment expected to be finalised on…

Foreign portfolio investors (FPIs) continued their selling trend into the new year, withdrawing ₹7,608 crore (about $846 million) from Indian equities during the first two trading sessions of January 2026, according to data released by the National Securities Depository Ltd (NSDL). The early outflows indicate a cautious approach by overseas investors at the start of the year. The fresh withdrawal follows a significant sell-off in 2025, when FPIs pulled out a record ₹1.66 lakh crore ($18.9 billion) from Indian equities. Last year’s outflows were driven by multiple factors, including sharp currency movements, heightened global trade tensions, concerns over potential US…

The first full trading week of the new year, starting January 5, 2026, will witness the launch of five initial public offerings (IPOs), with only one company scheduled to list during the week. The sole mainboard issue comes from Bharat Coking Coal Limited (BCCL), India’s largest coking coal producer and a subsidiary of Coal India. The IPO will open for public subscription on January 9 and close on January 13. The company is yet to announce the price band for the issue. The BCCL IPO is a pure offer-for-sale (OFS) of 46.57 crore equity shares by promoter Coal India, with…

A potential US-led takeover or restructuring of Venezuela’s oil sector could deliver a significant windfall for India, unlocking nearly USD 1 billion in long-pending dues and enabling the revival of crude production from Indian-operated fields in the sanctions-hit Latin American nation, according to analysts and industry sources. India was once a major processor of Venezuelan heavy crude, importing over 400,000 barrels per day at peak levels before sweeping US sanctions and compliance risks forced refiners to halt purchases in 2020. India’s overseas oil arm, ONGC Videsh Ltd (OVL), jointly operates the San Cristobal oilfield in eastern Venezuela, but output has…

By 2026, “e-commerce” in India no longer means waiting days for a delivery. The rise of Quick Commerce (Q-commerce) has transformed 10-minute delivery from a novelty into an urban utility—reshaping consumer behaviour, real estate economics, and the very definition of retail. What began with groceries has evolved into an aggressive race for “everything, instantly”—from smartphones and gaming consoles to beauty, fashion, and medicines. 1. The Infrastructure Engine: 5,000+ Dark Stores Powering Speed At the heart of Q-commerce lies the dark store—compact, high-velocity fulfilment hubs embedded deep inside residential neighbourhoods. Speed, not footfall, defines value. 2. The Profitability Turn: From Cash…