Author: Legal Parivar

IT major Infosys is preparing to roll out a major hiring drive for fresh engineering and computer science graduates from the 2025 batch, offering significantly higher salary packages that go up to ₹21 lakh per annum, according to social media posts reviewed by Moneycontrol. The Bengaluru-based software giant is expected to begin an off-campus recruitment drive soon, alongside its regular campus hiring, as it looks to strengthen its talent pool in line with its AI-first strategy. Roles on Offer Infosys will recruit candidates for entry-level technology positions, primarily for the roles of Specialist Programmer (trainee) across multiple levels (L1 to…

Samsung Electronics has ruled out listing its India business for the foreseeable future, choosing instead to concentrate on accelerating artificial intelligence (AI) integration across its products and expanding its consumer finance offerings to drive growth in one of its most important markets. In an interview with PTI, JB Park, President and CEO of Samsung Southwest Asia, said the South Korean electronics major has no immediate plans for an initial public offering (IPO) of its Indian arm. “No, we do not have any such plans as of now,” Park said, adding that the company prefers internal growth over capital raised from…

The National Company Law Appellate Tribunal (NCLAT) has set aside the initiation of Corporate Insolvency Resolution Process (CIRP) against OFB Tech Private Limited, citing the existence of a pre-existing dispute between the parties and records available with the National E-Governance Services Limited (NeSL). In its order, the appellate tribunal overturned the decision of the National Company Law Tribunal (NCLT), which had earlier admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 by an operational creditor. Dispute Existed Prior to Insolvency Filing The NCLAT observed that documents placed on record clearly indicated that disputes between…

2025 proved to be a turbulent year for the Indian stock market, hitting several previously high-flying stocks, including Rail Vikas Nigam Limited (RVNL). After six consecutive years of gains, RVNL’s shares faced sharp corrections, closing seven out of the last eleven months in negative territory. The stock has declined 19.57% this year, trading at ₹344.70 per share, and has lost nearly 50% since reaching an all-time high of ₹647 in July 2024. The slowdown is linked to a weaker order inflow, which impacted recent quarterly results. For the September quarter, RVNL reported a 20% drop in net profit to ₹230.52…

After years of strong performance, the Indian stock market has struggled in 2025, with the Sensex underperforming not only major global indices but also regional peers like Pakistan. While the Sensex gained around 8.8% this year, Pakistan’s KSE 100 index surged over 51%, making it one of the world’s best-performing markets. Global ComparisonsOther international markets outpaced India as well. South Korea’s KOSPI topped global charts with a 68% gain, followed by Japan’s Nikkei 225 (29%), Hong Kong’s Hang Seng (28%), China’s Shanghai Composite (16%), the US S&P 500 (15%), and the UK’s FTSE 100 (21%). Factors Behind India’s UnderperformanceThe lag…

Faze Three Limited (BSE: 530079 | NSE: FAZE3Q) has informed stock exchanges that a GST inspection and search was conducted at its corporate offices in Mumbai on December 24, 2025. The inspections took place at Mittal Court, Mumbai, and Jaswanti Landmark, Vikhroli West, under Section 67(2) of the Maharashtra Goods and Services Tax Act, 2017. GST officials reviewed and collected records, books of accounts, and other relevant information. The company stated that the proceedings have not affected regular operations, and it does not anticipate any material impact on its financials or business activities. Faze Three emphasized its commitment to compliance…

Whirlpool of India Limited (BSE: 500238 | NSE: WHIRLPOOL) has disclosed that it received an order from the Office of the Commissioner of Customs (NS-V) dated December 12, 2025, concerning differential customs duty under Section 28(6) of the Customs Act, 1962. The order, received by the company on December 24, 2025, relates to a duty of INR 9.38 crore, along with interest and penalty at 15%, which the company states had already been fully paid and accounted for by June 2023. The company confirmed that there is no material impact on its financials, operations, or other activities as a result…

Bengaluru-based IT services firm Sasken Technologies Limited has received an adjudication order from the Deputy Commissioner of Commercial Taxes, Bengaluru, under Section 73 of the SGST Act, 2017 and CGST Act, 2017, pertaining to the financial year 2021-22. The order, received on December 23, 2025, imposes a total liability of ₹10.89 crore, comprising ₹5.87 crore in tax, ₹4.44 crore in interest, and ₹0.59 crore in penalty. The demand arises from alleged GST payable under reverse charge on sales made by Sasken’s overseas branch, treated as imports. Sasken stated that the order does not have any material impact on its financials…

Pune-based Brainbees Solutions Limited (NSE: FIRSTCRY, BSE: 544226) announced that its subsidiary, Swara Baby Products Private Limited, has completed the acquisition of 100% stake in K.A. Enterprises (Hygiene) Private Limited (KA Hygiene). The acquisition was executed under the Share Subscription Agreement and Share Purchase Agreement dated December 22, 2025, through the allotment of 38,49,572 equity shares of Swara Baby to the existing shareholders of KA Hygiene. As a result of this transaction, Brainbees’ shareholding in Swara Baby has been adjusted from 87.29% to 75.92%, making KA Hygiene a wholly-owned subsidiary of Swara Baby and a step-down subsidiary of Brainbees Solutions,…

Megastar Foods Limited has announced that CARE Ratings Limited has upgraded the company’s credit ratings for its bank facilities following a review of its operational and financial performance for FY25 and H1FY26. The ratings for the company’s long-term bank facilities of ₹61.29 crore have been upgraded from CARE BB+; Stable to CARE BBB-; Stable. Additionally, long-term/short-term bank facilities amounting to ₹173 crore have been upgraded from CARE BB+; Stable / CARE A4+ to CARE BBB-; Stable / CARE A3, while a new facility of ₹6.71 crore has been assigned a rating of CARE BBB-; Stable / CARE A3. Megastar Foods’…