Author: Legal Parivar

Erode-based Milky Mist Dairy Food Ltd, a leading producer of value-added dairy products, has received approval from the Securities and Exchange Board of India (SEBI) for its ₹2,035 crore initial public offering (IPO), according to people familiar with the matter. The public issue will comprise a fresh issue of equity shares worth ₹1,785 crore and an offer-for-sale (OFS) of shares valued at ₹250 crore, to be sold by promoters Sathishkumar T and Anitha S. The company has also reserved the option for a pre-IPO placement of up to ₹357 crore, which would proportionally reduce the fresh issue size if executed.…

Anil Agarwal-led Vedanta Resources Ltd (VRL) has successfully raised $500 million through a bond issuance in October 2025, reinforcing its balance sheet and continuing its focus on deleveraging. The proceeds from the issue will be utilized to repay near-term obligations, including a $550 million Private Credit Facility (PCF), the company said in a letter to bondholders. Debt Maturity Extended and Interest Cost Reduced Vedanta Resources highlighted that the average maturity of its debt portfolio now exceeds four years, with the weighted average interest cost brought down to single digits. This marks a key milestone in the group’s financial restructuring efforts…

The State Bank of India (SBI), the country’s largest lender, is set to recruit around 3,500 officers across various roles this financial year as part of its plan to enhance operational efficiency and customer service nationwide. In an interview with PTI, Kishore Kumar Poludasu, SBI’s Deputy Managing Director (HR) and Chief Development Officer (CDO), said the bank has already recruited 505 probationary officers (POs) in June, while the process to fill a similar number of positions is underway. Applications for 541 additional PO vacancies have also been received. “The recruitment for POs follows a three-tier process — preliminary examination, main…

The Indian market recovered nearly 1 percent in the truncated week ended October 3, after a steep 2.7 percent decline in the previous week, offering signs of a potential near-term rebound. The rally was supported by the RBI’s upward revision of FY26 growth forecast to 6.8 percent, banking sector reforms, hopes of further US Fed rate cuts, strong auto sales, and a sharp fall in crude oil prices. Meanwhile, gold futures surged to a record $3,923.3 per troy ounce, reflecting sustained investor demand. Outlook for the Week Starting October 6 Analysts expect a positive bias in the coming week, with…

The National Stock Exchange (NSE) announced on Sunday that it will invest ₹380 crore to construct a multi-speciality hospital and bone marrow transplant (BMT) centre at the Tata Memorial Centre’s (TMC) ACTREC campus in Navi Mumbai. The upcoming 11-storey NSE Hospital Block, being built by Larsen & Toubro (L&T), will be the largest BMT facility in India, the exchange said in an official statement. Once operational, the centre is expected to handle around 1.3 lakh OPD visits annually, perform over 600 bone marrow transplants each year, and house 60 beds. The project, spread across 2.4 lakh sq ft, is being…

The upcoming week beginning October 6 is poised to be the biggest ever for India’s primary market in terms of total fund-raising size, with seven IPOs collectively valued at more than ₹30,000 crore set to open. While the number of IPOs is fewer than in the past two weeks, the overall issue size marks a new record. Previously, the record was set in October 2024, when Hyundai Motor India’s IPO alone raised ₹27,859 crore — the largest in India’s history. Tata Capital to Kick Off the Record Week The action begins with Tata Capital’s ₹15,512-crore IPO, opening on October 6,…

The primary market is set for an active week as Tata Capital and LG Electronics India prepare to launch their initial public offerings (IPOs), together valued at over ₹26,000 crore. Given the scale of these issues and the reputation of their parent groups, strong investor participation is expected. For Tata Capital, this marks the Tata Group’s second public listing in recent years, following Tata Technologies’ IPO in November 2023. Here’s what investors need to know before subscribing: Risks include asset quality concerns, exposure to unsecured loans, loan concentration, and liquidity risks. Disclaimer: The information provided above is for educational and…

Overview Launched in 2016, the Startup India Scheme is a flagship initiative of the Government of India designed to foster entrepreneurship, innovation, and job creation. The program aims to transform India into a global startup hub by simplifying regulatory procedures, offering tax benefits, and improving access to funding for emerging businesses. By promoting innovation and reducing compliance burdens, the scheme supports a sustainable ecosystem where new businesses can grow and contribute to India’s economic development. Eligibility Criteria for Startups To qualify under the Startup India Initiative, a company must meet the following criteria: Funding Support and Financial Assistance The government…

Raja Ram Singh, Member of Parliament (Lok Sabha) and a member of the Standing Committee on Labour, Textiles and Skill Development, has called for urgent government intervention to stop what he described as “illegal layoffs” across Tata Consultancy Services (TCS) and the wider Indian IT/ITES sector. In a letter dated October 1, 2025, addressed to Mansukh Mandaviya, Minister of Labour and Employment, and Ashwini Vaishnaw, Minister of Electronics and Information Technology, Singh raised serious concerns over large-scale retrenchments taking place in violation of labour laws. Earlier reports indicated that TCS planned to terminate over 12,000 employees, though Singh claimed the…

Domestic equity markets staged a strong rebound on Monday, with both benchmark indices ending higher after early volatility. Buying in metal and banking stocks helped lift sentiment and reverse initial losses. The Sensex gained 223 points (0.28%) to close above 81,200, while the Nifty 50 added 57 points (0.23%) to end near 24,894. The recovery was led by major metal players such as Tata Steel, Hindalco, and JSW Steel, along with financial heavyweights including Kotak Mahindra Bank and Axis Bank. The broader market also saw support from renewed investor confidence following the Monetary Policy Committee’s (MPC) recent policy decision, which…