Author: Legal Parivar

Foreign portfolio investors (FPIs) continued to offload Indian equities in September, pulling out ₹23,885 crore (around USD 2.7 billion) and taking the year-to-date net outflow to ₹1.58 lakh crore (USD 17.6 billion), according to data from depositories. This marks the third straight month of withdrawals, following heavy outflows of ₹34,990 crore in August and ₹17,700 crore in July. The selling pressure was triggered by multiple global and domestic headwinds, including steep US tariff hikes of up to 50% on Indian goods and a one-time USD 100,000 H-1B visa fee, which dampened sentiment toward export-oriented sectors such as IT. The rupee’s…

Bitcoin surged to a record high of $125,689 on Sunday in Asian trading, surpassing its previous peak of $124,514 set on August 14, as a broader risk-on rally fueled by the US government shutdown boosted demand for the world’s largest cryptocurrency. The rally coincided with gains in US equities and renewed inflows into Bitcoin-linked exchange-traded funds (ETFs). Investors are betting that the shutdown will prompt a flight to so-called safe-haven assets, driving what traders have dubbed the “debasement trade.” “With many assets — including equities, gold, and even collectibles like Pokémon cards — hitting all-time highs, it’s no surprise Bitcoin…

The Department of Consumer Affairs has launched an investigation into e-commerce platforms accused of levying extra charges under misleading names, a practice the government has classified as a “dark pattern” designed to deceive consumers. Union Minister for Consumer Affairs, Food and Public Distribution, and New and Renewable Energy Pralhad Joshi revealed on X (formerly Twitter) that multiple complaints have been received regarding e-commerce platforms charging extra for Cash-on-Delivery and other hidden fees. “The Department of Consumer Affairs has received complaints against e-commerce platforms charging extra for Cash-on-Delivery, a practice classified as a dark pattern that misleads and exploits consumers. A…

The National Stock Exchange (NSE) has announced a revision in the lot sizes—the minimum number of shares per futures or options (F&O) contract—for four major indices, effective October 28, 2025, according to its latest circular. Under the revised framework, the Nifty 50 lot size will be reduced from 75 to 65, while the Nifty Bank lot size will drop from 35 to 30. Similarly, the Nifty Financial Services index lot size has been revised from 65 to 60, and the Nifty Mid Select index from 140 to 120. The Nifty Next 50 index lot size remains unchanged. Traders can continue…

Anil Agarwal-led Vedanta Ltd has extended the deadline for completing its long-awaited demerger to March 31, 2026, citing delays in receiving approvals from the National Company Law Tribunal (NCLT) and various government authorities. In a regulatory filing, the company said, “Given that the conditions precedent in the Scheme, including approval of the NCLT, Mumbai Bench, and clearances from certain government authorities, are still in progress, the board of the company and the resulting entities have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026.” This marks the second extension, as…

A video showing a Russian cargo plane flying unusually low over high-rise apartments in a Moscow suburb amid Ukrainian drone attacks has gone viral. According to BBC, Russian media reported multiple drone alerts that led to halted flights and the temporary closure of Sheremetyevo Airport, located north of Moscow. Verified footage shows an Antonov AN-124 Ruslan cargo plane flying east, away from Vnukovo International Airport, about 6 km (3.7 miles) west of the city. The Antonov-124 is a massive aircraft, measuring 226 feet in length, with a wingspan of 240 feet and a weight of 450 tons. Reports from Express…

On September 23, the Nifty 50 remained in negative territory for the third consecutive session, slipping 0.1%. The index, however, held above its short-term moving averages (10-day and 20-day EMAs), key levels that indicate near-term support. Momentum indicators suggest a period of sideways action, with the Nifty expected to trade within the 25,000–25,500 range in the near term. A decisive break below 25,000 may intensify selling pressure, while a move above 25,500 could open the door for a rally toward 25,700. Key Levels – Nifty 50 (25,170) The index formed a small bearish candle with upper and lower shadows, indicating…

Homegrown private equity firm Kedaara Capital has made a $240 million investment in Axtria, an Agentic AI-first data analytics and cloud software company serving the global life sciences industry, the company announced on Tuesday. The transaction, structured as a mix of secondary investment and company-sponsored buyback, will provide liquidity to Axtria’s current and former employees. “At Axtria, we are proud to be building a company that is not only transforming life sciences through data and Agentic AI, but also one that values its people and their contributions through long-term value creation,” said Jaswinder Chadha, President & CEO of Axtria. Sunish…

On Tuesday, Hamas rejected US President Donald Trump’s allegation that the Palestinian militant group was hindering efforts to secure a ceasefire in Gaza. In a statement, Hamas said, “Hamas has never been an obstacle to reaching a ceasefire agreement in the Gaza Strip. The US administration, the mediators, and the entire world know that the war criminal (Israeli Prime Minister Benjamin) Netanyahu is the sole party obstructing all attempts to reach an agreement.” Earlier the same day, Trump, speaking at the UN General Assembly, had accused Hamas of refusing to release hostages held in Gaza and of rejecting a ceasefire.

Italian Prime Minister Giorgia Meloni on Tuesday highlighted India’s potential role in addressing ongoing international conflicts during the 80th United Nations General Assembly (UNGA) session in New York. Speaking to ANI on the sidelines of UNGA about India’s involvement in global crises, including the Russia-Ukraine conflict, Meloni stated, “I think it can play a very important role.” Her remarks come amid heightened tensions between the United States and India over New Delhi’s purchase of Russian oil. US President Donald Trump has criticized India and China for continuing to procure Russian oil, calling them “the primary funders of the ongoing war”…