Author: Legal Parivar

Can Lenskart, India’s leading homegrown eyewear brand, make a strong debut on Dalal Street? That’s the big question investors are asking as the much-awaited Lenskart IPO gears up to open for subscription this week. Lenskart IPO: GMP buzz ahead of opening Investor excitement is already visible in the grey market, where Lenskart shares are trading at a premium of ₹108. This indicates a potential listing price of around ₹510 per share, roughly 27% higher than the IPO’s upper price band of ₹402. However, it’s important to note that the grey market premium (GMP) is only an unofficial indicator and may…

The Q2FY26 earnings season continues in full swing, with around 60 companies set to announce their quarterly results today, Tuesday, October 28, 2025. More than 300 companies are expected to release their financial results during the week, providing key insights into sectoral performance and corporate profitability ahead of the festive quarter. Among the major firms declaring results today are TVS Motor Company, Adani Green Energy, Tata Capital, Jindal Steel, Shree Cement, Adani Total Gas, Blue Dart Express, and Ideaforge Technology. Other notable companies scheduled to announce results include Mahindra & Mahindra Financial Services, Happiest Minds Technologies, Newgen Software Technologies, NIIT…

In what appears to be a strategic move to ease trade frictions with the Trump administration, India has significantly increased its crude oil imports from the United States, reaching the highest level since October 2022, according to energy analytics firm Kpler. As of October 27, India’s imports from the US surged to 540,000 barrels per day (bpd). The month is projected to close at nearly 575,000 bpd, while November volumes are expected to range between 400,000 and 450,000 bpd, PTI reported. This marks a sharp rise from the average of 300,000 bpd recorded earlier in 2025. Economic Drivers Behind the…

The Multi Commodity Exchange of India (MCX), the country’s largest commodity derivatives exchange, experienced a technical glitch on Monday, leading to a delay in the start of trading. In a notice published on its website, MCX informed members that trading will commence at 9:30 AM, instead of the regular 9:00 AM opening time. “Members are requested to note that trading will start at 9:30 AM due to a technical issue. Trading will start from DR. Inconvenience is regretted,” the exchange said in its statement. Further details regarding the nature of the issue are awaited. (More updates to follow)

Paramount Skydance Corp is preparing to lay off around 1,000 employees starting Wednesday, according to a Bloomberg report citing sources familiar with the matter. The move marks the first phase of a broader restructuring plan, with a second wave of job cuts expected later. In total, the company is reportedly planning to eliminate around 2,000 positions. The layoffs come just months after the merger between Paramount Global and Skydance Media in August 2025, as the newly formed US-based media and entertainment company looks to streamline operations, reduce costs, and integrate overlapping divisions. “We do not want to be a company…

The Securities and Exchange Board of India (SEBI) has granted approval to five companies — Milky Mist Dairy Food, Curefoods India, Steamhouse India, Gaja Alternative Asset Management (Gaja Capital), and Kanodia Cement — to raise funds through initial public offerings (IPOs), according to an update from the market regulator on Monday. These firms had filed their draft IPO papers with SEBI between May and July, receiving regulatory observations between October 14 and 24, as per the update. Meanwhile, SEBI has placed its observations on Sterlite Electric’s IPO proposal on hold, without disclosing a reason. Sterlite Electric, formerly Sterlite Power Transmission,…

Amazon is reportedly set to begin its largest round of corporate layoffs since 2022, with plans to eliminate up to 30,000 positions starting Tuesday, October 28, according to a Reuters report citing people familiar with the matter. Pandemic Over-Hiring Prompts Restructuring The move is part of Amazon’s ongoing effort to streamline operations and reduce costs after the company expanded aggressively during the Covid-19 pandemic to meet booming e-commerce demand. While the layoffs represent only a fraction of Amazon’s 1.55 million global workforce, they will affect nearly 10% of its 3.5 lakh corporate employees. The restructuring underscores Amazon’s shift in focus—from…

The India Meteorological Department (IMD) has issued a warning for a “severe cyclonic storm” named Montha, which is expected to make landfall later today. Originating as a deep depression over the Bay of Bengal, the system intensified into Cyclone Montha, and as of October 27 at 11:30 PM, it was centered near latitude 14°N and longitude 83.5°E. According to IMD, Montha is currently packing winds of 90–100 kmph, gusting up to 110 kmph, and continues to strengthen as it approaches the coastline. The cyclone was last located 280 km south-southeast of Machilipatnam, 360 km south-southeast of Kakinada, 410 km south…

Let’s catch up on the latest developments from Dalal Street. From major quarterly results to new deals, appointments, and order wins — here’s a quick look at the stocks likely to be in focus in today’s trade. 🧾 Results Scheduled for Today Companies announcing their quarterly earnings include Shree Cement, Tata Capital, TVS Motor Company, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, Adani Green Energy, Adani Total Gas, Blue Dart Express, Computer Age Management Services, CarTrade Tech, CreditAccess Grameen, Happiest Minds Technologies, ICRA, Jindal Steel, Novartis India, Premier Energies, Samhi Hotels, Star Health and Allied Insurance Company, Sundram…

Rail Vikas Nigam Ltd (RVNL) shares are likely to remain in the spotlight on October 28 after the company announced that it has emerged as the lowest bidder for a major North Eastern Railway project. The contract involves the construction of a bridge substructure with a double D-type well foundation for a double line designed for RDSO 25T axle loading standards. The bridge will span the river Gandak between Paniyahwa and Valmikinagar stations, as part of the doubling work between Gorakhpur Cantt and Valmikinagar. The project, valued at ₹165.54 crore, is expected to be completed within 24 months, according to…