Author: Legal Parivar

Bengaluru-based real estate developer Bagmane Group, which is preparing to file draft papers for its maiden real estate investment trust (REIT) — Bagmane Prime Office REIT — is projecting a net operating income (NOI) of around ₹2,700 crore for FY27, according to market sources. The estimate does not factor in potential upside from a sizeable pipeline of assets under the right of first refusal (ROFR). These assets span roughly 47 million square feet across 11 properties, which could significantly enhance the REIT’s income profile over time. Backed by global private equity firm Blackstone, Bagmane Prime Office REIT is estimated to…

Foreign institutional investors (FIIs) turned net sellers once again on December 30, offloading Indian equities worth ₹3,844 crore, marking the highest single-day selloff since November 28. In contrast, domestic institutional investors (DIIs) provided strong support to the market, making net purchases of shares worth ₹6,160 crore, as per provisional exchange data. During the trading session, DIIs bought equities worth ₹44,583 crore and sold shares worth ₹38,423 crore. Meanwhile, FIIs purchased stocks worth ₹16,254 crore but sold holdings amounting to ₹20,098 crore, resulting in net outflows. On a year-to-date basis, overseas investors have remained persistent sellers, with cumulative net outflows of…

To address the risk of excess supply in the current sugar season (October–September), the government has permitted the export of up to 50,000 metric tonnes (MT) of organic sugar per year with immediate effect. According to a notification issued by the Directorate General of Foreign Trade (DGFT), organic sugar has been removed from the ‘prohibited’ export category, subject to an annual cap of 50,000 tonnes. Context: balancing sugar stocks The decision comes amid efforts to manage rising sugar output. Earlier, the government had allowed 1.5 million tonnes (MT) of conventional sugar exports in the 2025–26 sugar season to balance domestic…

Rail engineering solutions provider E to E Transportation Infrastructure has closed its maiden public issue with an overwhelming 489.52 times subscription on December 30, driven by robust participation across investor categories. The company launched its initial public offering (IPO) on December 26, offering 48.4 lakh equity shares to raise ₹84.2 crore at the upper end of the price band of ₹174 per share. The issue consisted entirely of a fresh issue. During the three-day subscription window, investors placed bids for 169.49 crore shares against an offer size of 34.62 lakh shares, through around 6.65 lakh applications. Non-institutional investors and retail…

The Central Board of Secondary Education (CBSE) has postponed certain Class 10 and Class 12 board examinations that were earlier scheduled to be held on March 3, 2026, citing administrative reasons. The board has released a revised schedule, with the affected papers moved to later dates. Which CBSE exams have been rescheduled? For Class 10, examinations in the following subjects will now be conducted on March 11, 2026: Tibetan, German, National Cadet Corps (NCC), Bhoti, Bodo, Tangkhul, Japanese, Bhutia, Spanish, Kashmiri, Mizo, Bahasa Melayu, and Elements of Book Keeping and Accountancy. For Class 12, the Legal Studies paper has been…

The Indian rupee closed higher on Tuesday after recovering in late trade, settling at 89.79 against the US dollar, supported by equity market inflows into banking and financial stocks. The domestic currency opened near the 90 level at 89.93 and weakened during the session, slipping to 89.94 in afternoon trade. However, late-session recovery helped the rupee trim losses and close on a stronger note. Softer metal prices lift sentiment A decline in global metal prices also aided the rupee. Prices of gold, silver and copper fell sharply on December 29 amid progress in peace-related discussions between the US and Ukraine…

Telangana-based hallmarked gold jewellery processor and supplier Deepa Jewellers has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), primarily to support its long-term working capital needs. According to the draft red herring prospectus (DRHP), the proposed IPO will comprise a fresh issue of equity shares worth ₹250 crore, along with an offer for sale (OFS) of up to 1.18 crore shares by promoters Ashish Agarwal and his wife. Use of Proceeds The company plans to deploy around ₹215 crore from the fresh issue towards meeting its long-term…

The Ministry of Corporate Affairs (MCA) has granted further relief to companies by extending the deadline for filing annual returns and financial statements for FY 2024–25 till January 31, 2026, without payment of additional fees. The relaxation has been announced through General Circular No. 08/2025, dated December 30, 2025, issued by the MCA from its headquarters in New Delhi. Forms Covered Under the Extension As per the circular, companies can file the following statutory e-Forms without any additional fees up to January 31, 2026: The relaxation applies to filings pertaining to the financial year 2024–25. Continuation of Earlier Relief The…

Prime Minister Narendra Modi on Tuesday, December 30, said he was deeply concerned by reports suggesting an attempted attack on the residence of Russian President Vladimir Putin, and stressed that diplomacy remains the only sustainable route to peace. In a post on X, PM Modi said ongoing diplomatic engagement offers the most viable path to ending hostilities and called on all parties to refrain from actions that could derail peace efforts. Russia on Monday accused Ukraine of attempting to target President Putin’s residence and warned of retaliation. Moscow did not present evidence to support the allegation, which Kyiv rejected, calling…

Kotak Mahindra Bank has announced January 14, 2026, as the record date for its upcoming 1:5 stock split, marking the bank’s first share subdivision in nearly 15 years. As per the announcement, shareholders who hold Kotak Mahindra Bank shares in their demat accounts at the close of trading on January 13 will be eligible for the stock split. Investors purchasing the shares on or after January 14 will not qualify for the entitlement. In an exchange filing, the bank said it has fixed Wednesday, January 14, 2026, as the record date under Regulation 42 of the SEBI (Listing Obligations and…