Author: Legal Parivar

The National Stock Exchange (NSE) has announced a revision in the lot sizes—the minimum number of shares per futures or options (F&O) contract—for four major indices, effective October 28, 2025, according to its latest circular. Under the revised framework, the Nifty 50 lot size will be reduced from 75 to 65, while the Nifty Bank lot size will drop from 35 to 30. Similarly, the Nifty Financial Services index lot size has been revised from 65 to 60, and the Nifty Mid Select index from 140 to 120. The Nifty Next 50 index lot size remains unchanged. Traders can continue…

Anil Agarwal-led Vedanta Ltd has extended the deadline for completing its long-awaited demerger to March 31, 2026, citing delays in receiving approvals from the National Company Law Tribunal (NCLT) and various government authorities. In a regulatory filing, the company said, “Given that the conditions precedent in the Scheme, including approval of the NCLT, Mumbai Bench, and clearances from certain government authorities, are still in progress, the board of the company and the resulting entities have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026.” This marks the second extension, as…

A video showing a Russian cargo plane flying unusually low over high-rise apartments in a Moscow suburb amid Ukrainian drone attacks has gone viral. According to BBC, Russian media reported multiple drone alerts that led to halted flights and the temporary closure of Sheremetyevo Airport, located north of Moscow. Verified footage shows an Antonov AN-124 Ruslan cargo plane flying east, away from Vnukovo International Airport, about 6 km (3.7 miles) west of the city. The Antonov-124 is a massive aircraft, measuring 226 feet in length, with a wingspan of 240 feet and a weight of 450 tons. Reports from Express…

On September 23, the Nifty 50 remained in negative territory for the third consecutive session, slipping 0.1%. The index, however, held above its short-term moving averages (10-day and 20-day EMAs), key levels that indicate near-term support. Momentum indicators suggest a period of sideways action, with the Nifty expected to trade within the 25,000–25,500 range in the near term. A decisive break below 25,000 may intensify selling pressure, while a move above 25,500 could open the door for a rally toward 25,700. Key Levels – Nifty 50 (25,170) The index formed a small bearish candle with upper and lower shadows, indicating…

Homegrown private equity firm Kedaara Capital has made a $240 million investment in Axtria, an Agentic AI-first data analytics and cloud software company serving the global life sciences industry, the company announced on Tuesday. The transaction, structured as a mix of secondary investment and company-sponsored buyback, will provide liquidity to Axtria’s current and former employees. “At Axtria, we are proud to be building a company that is not only transforming life sciences through data and Agentic AI, but also one that values its people and their contributions through long-term value creation,” said Jaswinder Chadha, President & CEO of Axtria. Sunish…

On Tuesday, Hamas rejected US President Donald Trump’s allegation that the Palestinian militant group was hindering efforts to secure a ceasefire in Gaza. In a statement, Hamas said, “Hamas has never been an obstacle to reaching a ceasefire agreement in the Gaza Strip. The US administration, the mediators, and the entire world know that the war criminal (Israeli Prime Minister Benjamin) Netanyahu is the sole party obstructing all attempts to reach an agreement.” Earlier the same day, Trump, speaking at the UN General Assembly, had accused Hamas of refusing to release hostages held in Gaza and of rejecting a ceasefire.

Italian Prime Minister Giorgia Meloni on Tuesday highlighted India’s potential role in addressing ongoing international conflicts during the 80th United Nations General Assembly (UNGA) session in New York. Speaking to ANI on the sidelines of UNGA about India’s involvement in global crises, including the Russia-Ukraine conflict, Meloni stated, “I think it can play a very important role.” Her remarks come amid heightened tensions between the United States and India over New Delhi’s purchase of Russian oil. US President Donald Trump has criticized India and China for continuing to procure Russian oil, calling them “the primary funders of the ongoing war”…

The All India Federation of Tax Practitioners (AIFTP) has urged the Central Board of Direct Taxes (CBDT) to extend the deadlines for filing income tax returns (ITRs) and tax audit reports for the assessment year 2025-26. A memorandum has been submitted to the CBDT chairman, highlighting multiple challenges faced by taxpayers and professionals, including floods, landslides, technical glitches, and other compliance difficulties. Proposed New Deadlines: Challenges Cited:AIFTP Representation Committee Chairman Narayan Jain noted that several states have been severely impacted by natural disasters, disrupting internet, transport, and power supply, which has made timely filing difficult. The federation also pointed to…

Meta Platforms announced on Tuesday that WhatsApp will roll out a new translation feature to help its over 3 billion users communicate across languages more easily. Initially, translations will support six languages on Android devices and 19 languages on iPhones, with plans to add more in the future. Meta emphasized that privacy is maintained, as all translations occur on users’ devices, meaning WhatsApp cannot access the content of the messages. To use the feature, users can long-press a message and select “Translate” to view it in another language. The feature works across personal chats, group conversations, and channel updates. Additionally,…

Mumbai-based Purple Style Labs, the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has filed preliminary papers with SEBI to raise ₹660 crore through an initial public offering (IPO). The proposed IPO is a fresh issue of equity shares with no offer-for-sale component, according to the draft red herring prospectus (DRHP) filed on Monday. The company is also considering a pre-IPO placement of ₹130 crore, which, if completed, would reduce the size of the fresh issue proportionately. Use of Proceeds: Purple Style Labs offers a curated portfolio of approximately 2.12 lakh SKUs across women’s wear, men’s wear, fine jewellery,…