Author: Legal Parivar

Pharmaceutical and specialty chemicals company Hikal Ltd on Friday disclosed that it has identified certain irregularities during an internal fact-finding review, primarily related to revenue recognition and supporting documentation for specific periods. In a regulatory filing to the BSE and NSE, the company said the matter involves suspected misconduct by certain employees and is being treated as an internal misconduct case. The review covers transactions related to Q4 FY25, Q1 FY26 and Q2 FY26. Impact on financials Hikal clarified that the issue is expected to affect only the timing and recognition of revenue, and not the genuineness of underlying sales.…

Punjab National Bank (PNB) on Friday informed the Reserve Bank of India (RBI) about a borrower fraud amounting to approximately ₹2,434 crore involving former promoters of SREI Equipment Finance Ltd and SREI Infrastructure Finance Ltd, according to a regulatory filing. The state-owned lender clarified that both SREI entities have already been successfully resolved under the Corporate Insolvency Resolution Process (CIRP) as approved by the National Company Law Tribunal (NCLT). Of the total fraud amount, ₹1,241 crore pertains to the loan account of SREI Equipment Finance Ltd, while ₹1,193 crore relates to SREI Infrastructure Finance Ltd. PNB said it has made…

State-owned NBCC (India) Ltd on Friday announced that it will develop a large mixed-use real estate project in south Delhi after settling a long-standing land dispute with the Delhi government. The project is expected to generate an estimated revenue of around ₹8,500 crore. In a regulatory filing, NBCC said it has reached a settlement with the Government of the National Capital Territory of Delhi (GNCTD) over a 42.46-acre land parcel located in Sultanpur–Ghitorni village. As part of the agreement, the land will be equally divided between the two parties, with NBCC receiving 21.23 acres. The Delhi government will execute a…

The artificial intelligence landscape is witnessing a significant shift, with OpenAI’s ChatGPT, once the undisputed leader, showing signs of declining dominance, according to a recent report by website traffic analytics firm Similarweb. The report highlights that rival platforms such as Google’s Gemini and Elon Musk’s xAI Grok are steadily gaining market share, signaling intensifying competition and evolving user preferences in the fast-moving AI sector. From Market Dominance to Growing CompetitionJust a year ago, ChatGPT commanded a staggering 87.2% of all website traffic in the AI space, dwarfing competitors. Google’s Gemini accounted for only 5.4%, while platforms like Perplexity, Claude, and…

Precious metals continued their meteoric rise on Friday, December 26, with gold and silver hitting fresh record highs for the fourth consecutive session. Strong demand for safe-haven assets, driven by expectations of US Federal Reserve rate cuts and mounting geopolitical uncertainties, has fueled the rally across metals. Gold Hits New PeaksGold futures for February delivery on MCX surged 1% to ₹1,39,550 per 10 grams, inching closer to the ₹1.4 lakh mark. The rally marks the fourth straight day of record highs, bringing the month-to-date gain to 10% and pushing the 2025 year-to-date surge to an impressive 81%. Silver Continues Its…

The year 2025 is closing not with a whimper, but with a blinding flash of white. Silver, often considered the “poor cousin” of gold, has staged a historic surge in the final trading week of the year. On the Multi Commodity Exchange (MCX), the white metal shattered all resistance levels, crossing an unprecedented ₹2.36 lakh per kilogram. For Indian households and investors, this isn’t just a price hike—it’s a paradigm shift. Silver, which traded near ₹70,000/kg just two years ago, has effectively tripled in value, outperforming gold, the Sensex, and real estate in percentage terms. Here is an in-depth look…

The Indian stock market saw a massive “Rail Rally” on Friday, with the Indian Railway Finance Corporation (IRFC) leading the charge. Shares of the state-owned financing giant surged nearly 10%, hitting an intraday high of ₹134.59 on the NSE. The rally was fueled by a combination of positive triggers—the official implementation of revised passenger fares and heightened “pre-Budget” positioning—reviving interest in a sector that has largely remained subdued in 2025. 1. The Catalysts: Why IRFC is Steaming Ahead A. The Fare Hike Revenue BoostEffective December 26, the Ministry of Railways implemented its second passenger fare revision of the year. While…

The Indian primary market in 2025 saw historic activity, with unprecedented liquidity and 213 new listings. While headline-grabbing multibagger gains stole the spotlight, nearly half of the newly listed companies are now trading below their issue price. As the final trading week of December concludes, here’s a detailed roundup of the winners, losers, and sectoral trends that defined the IPO landscape in 2025. 1. The 2025 IPO Scorecard The market featured a mix of Mainboard and SME listings, reflecting a full-fledged “IPO boom.” Returns, however, were highly polarized. 2. Multibagger Hall of Fame High-margin, niche sectors dominated the top performers.…

Brainbees Solutions Limited, the parent company of FirstCry, on Friday, December 26, 2025, disclosed significant corporate actions following its board meeting. Intra-Group Restructuring:The company approved the acquisition of an additional 56.27 lakh equity shares in its subsidiary, Swara Baby Products Private Limited (“Swara Baby”), in exchange for 52,890 Series A1 equity shares in Solis Hygiene Private Limited (“Solis Hygiene”), another subsidiary. Following this transaction: Solis Hygiene contributed INR 240.7 crore in turnover and INR 84.8 crore in net worth during FY 2024-25, while Swara Baby recorded a turnover of INR 545.14 crore and net worth of INR 291.96 crore for…

Sahaj Insurance Services, a subsidiary of Sahaj Retail under the Kanoria Foundation, announced on Friday a strategic partnership with Life Insurance Corporation of India (LIC) to distribute insurance products across rural and semi-urban regions of the country. Under this collaboration, Sahaj’s assisted digital service network will enable citizens to access LIC’s life insurance products and services, helping them understand, enroll in, and manage policies. The initiative aims to increase insurance awareness, enhance policy servicing, and promote wider adoption of life insurance, supporting India’s broader financial inclusion and social security objectives. Sahaj Insurance Services recently obtained a corporate agency license from…