Author: Legal Parivar

The Indian equity and commodity markets will remain closed on Friday, August 15, 2025, in observance of the nation’s 78th Independence Day. Trading will resume on Monday, August 18, 2025. Equity Market Closure Both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be shut for all segments, including: This closure is part of the official trading holiday calendar for the year. Commodity Market Closure Major commodity platforms will also observe a full-day shutdown: The synchronized closure across equity and commodity markets will give traders and investors a long weekend, but they may anticipate volatility when markets reopen…

Vodafone Idea Ltd (Vi) has appointed Abhijit Kishore as its new Chief Executive Officer (CEO) and key managerial personnel for a three-year term, effective August 19, 2025. The appointment follows the completion of outgoing CEO Akshaya Moondra’s tenure, which ends on August 18. Kishore takes charge at a critical time for the debt-laden telecom operator, which continues to grapple with adjusted gross revenue (AGR) liabilities and is seeking fresh debt financing. The company remains in discussions with the Department of Telecommunications (DoT) and the government for clarity and potential relief — a crucial step for enabling future fundraising. A Veteran…

India and China are moving towards restoring border trade and direct air connectivity, channels that have been shut for more than five years. The diplomatic push comes ahead of Chinese Foreign Minister Wang Yi’s visit to New Delhi on August 18 for boundary talks with National Security Adviser Ajit Doval. Border Trade Through Three Himalayan Passes The Ministry of External Affairs (MEA) confirmed discussions are underway to resume trade at the three designated border points: Lipulekh Pass (Uttarakhand), Shipki La (Himachal Pradesh), and Nathu La (Sikkim). MEA spokesperson Randhir Jaiswal stated, “We have remained engaged with the Chinese side to…

The Finance Ministry welcomed S&P Global Ratings’ decision to upgrade India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’ and the short-term rating to ‘A-2’ from ‘A-3’, both with a Stable outlook. The move reflects India’s economic resilience, sustained fiscal consolidation, and robust growth trajectory. This marks the first S&P upgrade since January 2007, when India was elevated to investment-grade ‘BBB-’. The ‘BBB’ rating is the lowest investment-grade level, indicating adequate capacity to meet financial obligations, albeit with moderate credit risk. In a statement, the Finance Ministry said the upgrade underscores India’s commitment to fiscal discipline, infrastructure expansion, and inclusive…

Vodafone Idea reported a net loss of ₹6,608 crore for the quarter ended June 2025, compared to a loss of ₹6,432 crore in the same period last year. Revenue from operations grew 5% YoY to ₹11,023 crore from ₹10,508 crore in Q1FY24. The company’s Average Revenue Per User (ARPU) stood at ₹177, marking a 15% YoY growth from ₹154 in the year-ago quarter. EBITDA rose 10% to ₹4,612 crore versus ₹4,205 crore last year, with EBITDA margin improving by 180 bps to 41.8% from 40%. On August 14, 2025, Vodafone Idea shares closed at ₹6.15, down 3.31% on NSE. The…

On the eve of India’s 79th Independence Day, President Droupadi Murmu praised the nation’s strong economic performance, calling it the fastest-growing major economy in the world with a GDP growth rate of 6.5% in FY 2023-24, despite global economic turbulence. In her Independence Day 2025 address, President Murmu credited India’s robust domestic demand, controlled inflation, rising exports, and rapid infrastructure growth for the country’s economic resilience. She said, “All key indicators show the economy in the pink of health.” Operation Sindoor: A Testament to Defence Self-Reliance and National Unity Highlighting Operation Sindoor, India’s decisive military response to the Pahalgam terrorist…

The Supreme Court will on Thursday hear a plea seeking the restoration of statehood to Jammu and Kashmir, nearly five years after its reorganisation into a Union Territory. As per the causelist, the matter will be taken up by a bench comprising Chief Justice of India B.R. Gavai and Justice K. Vinod Chandran. The petition, filed by academician Zahoor Ahmad Bhat and socio-political activist Khurshaid Ahmad Malik, urges the Centre to restore statehood within two months. It argues that the prolonged delay undermines federal principles enshrined in the Constitution and deprives the people of Jammu and Kashmir of their democratic…

Amid intense protests over the Supreme Court’s recent verdict directing the relocation of stray dogs in Delhi-NCR, Chief Justice of India (CJI) BR Gavai has reconstituted the bench to review the matter. A new three-judge bench, headed by Justice Vikram Nath and comprising Justices Sandeep Mehta and NV Anjaria, will take up the case on Thursday. The matter was earlier being heard by a bench of Justices JB Pardiwala and R Mahadevan. The decision to reconstitute the bench comes after concerns were raised about conflicting directions issued by different benches of the Supreme Court on the same issue. Earlier in…

Indian Railway Catering and Tourism Corporation (IRCTC) on August 13 reported a 7% year-on-year rise in net profit to ₹330 crore for the quarter ended June 30, 2025, compared to ₹308 crore in the same period last year. Revenue from operations grew 4% to ₹1,160 crore in Q1FY26 from ₹1,118 crore a year earlier. Segment-wise, catering revenue saw a marginal decline to ₹547 crore, while tourism revenue jumped 21% to ₹148 crore. Internet ticketing revenue rose 9% to ₹359 crore, and Rail Neer sales remained steady at ₹110 crore. On August 13, IRCTC shares closed 1.1% higher at ₹729 on…

Chennai-based travel and tourism aggregator LGT Business Connextions will launch its initial public offering (IPO) on August 19, with the subscription window open until August 21. The IPO allotment will be finalised on August 21, and the company’s shares are set to debut on the BSE SME platform on August 26. The fixed price issue is set at ₹107 per share. The ₹28.09 crore offering includes a fresh issue of 23.62 lakh shares worth ₹25.28 crore and an offer-for-sale of 2.62 lakh shares valued at ₹2.81 crore by promoter Wilfred Selvaraj. LGT, valued at around ₹100 crore, plans to use…