Author: Legal Parivar

V Anantha Nageswaran said that improved policy certainty arising from successful trade agreements — including ongoing negotiations between India and the United States, as well as India and the European Union — would provide a boost to exports and capital inflows. He was speaking at a press conference following the release of a new series of National Accounts Estimates by the Ministry of Statistics and Programme Implementation (MoSPI). Nageswaran noted that fiscal consolidation remains firmly on track, with the fiscal deficit projected at 4.5% of GDP for 2025–26 (Revised Estimates) under the updated series, while maintaining strong capital expenditure. MoSPI…

Temple, a wearable technology startup founded by Deepinder Goyal, has secured $54 million in fresh funding as the entrepreneur looks to scale the venture and expand its user base. The fundraise comes just weeks after Goyal announced he would step back from day-to-day operations at Eternal to focus more on his other ventures. Although Goyal did not disclose the names of participating investors, reports earlier indicated that the round saw participation from Steadview Capital, Vy Capital, Info Edge, and Peak XV Partners, among others. Notably, over 30 Temple employees also invested in the round at the same valuation as institutional…

The Union finance ministry on Tuesday announced the second pipeline of infrastructure projects under the public-private partnership (PPP) model, comprising 852 projects with a combined estimated cost exceeding ₹17 trillion. Highways account for the largest share of the proposed investments. The announcement follows the Union Budget FY26 proposal to roll out a three-year project pipeline to accelerate infrastructure development through PPPs. The initiative is aimed at providing early visibility of upcoming projects to investors, developers and other stakeholders, enabling better planning and investment decisions. The project pipeline spans multiple sectors, including energy, transportation and logistics, social and commercial infrastructure, as…

Shares of Reliance Industries Ltd (RIL) declined sharply on Tuesday after fresh analyst commentary highlighted intensifying competition in the organised retail sector, a key growth driver for the conglomerate’s valuation. The stock closed 4.5% lower at ₹1,507.70, after falling as much as 5.1% during intraday trade, marking its steepest single-day fall since June 2024. The decline wiped out nearly ₹1.09 lakh crore from RIL’s market capitalisation during the session. The sell-off followed global brokerage CLSA’s decision to remove Reliance Industries and Nestlé from its model portfolio, while adding Eternal and DMart, triggering renewed concerns around the retail space. Given RIL’s…

Gold and silver prices continued their upward momentum for the fourth straight session on Tuesday, January 6, with both precious metals inching closer to their record highs last seen in the final week of 2025. While the pace of gains was slower compared to the previous session, the overall trend remained firm. Gold futures for February delivery on the MCX rose 0.50%, or ₹656, to hit an intraday high of ₹1,38,776 per 10 grams, moving closer to the psychological ₹1.4 lakh mark. The yellow metal had surged sharply in the previous session, and the ongoing four-day rally has pushed cumulative…

The Securities and Exchange Board of India (Sebi) has proposed introducing a 30-day time lag for sharing and using market price data for educational purposes, aiming to resolve confusion arising from its earlier regulatory circulars. In a consultation paper released on Tuesday, Sebi acknowledged ambiguity caused by two previous directives. A May 2024 circular barred market infrastructure institutions (MIIs) and intermediaries, including stock exchanges, from sharing price data with a delay of less than one day for educational use. Subsequently, a 2025 circular mandated a three-month lag for using market data in investor education and awareness activities. The issue came…

Shares of ITC fell over 2% on January 6, extending their sharp decline to nearly 15% over the past four trading sessions, after the government announced a fresh increase in excise duty on cigarettes. The stock touched a new 52-week low of ₹337.75 during the session before trimming losses to close at ₹343.25. The recent sell-off has led to a steep erosion of around ₹82,000 crore in ITC’s market capitalisation within just four days. Despite the correction, ITC remains widely regarded as a high-dividend stock, having paid a total dividend of ₹14.35 per share in FY25. As of January 6,…

Gabion Technologies, a manufacturer of gabions, rockfall protection systems and geosynthetic materials used in infrastructure and environmental protection projects, received an overwhelming response on the first day of its initial public offering (IPO). The issue was subscribed 57.33 times on Tuesday, January 6, reflecting strong investor appetite. The company is looking to raise ₹29.16 crore through the IPO, which comprises 36 lakh equity shares priced in the range of ₹76–81 per share. The issue is being offered at the upper end of the price band. On the opening day, investors bid for 14.77 crore shares against an offer size of…

The price of the Indian crude oil basket, which reflects the cost of crude imported by the country, has averaged $59.92 per barrel so far in January, easing from $62.2 per barrel in December, according to data released by the Petroleum Planning and Analysis Cell (PPAC) on Tuesday. This is the first instance since February 2021 that the Indian crude basket has fallen below the $60-a-barrel level. The decline is expected to continue in the coming months, in line with softer global oil price trends. Estimates suggest the Indian crude basket could drop further to around $53 per barrel by…

Insurtech firm Turtlemint Fintech Solutions is preparing to take the next step towards its public market debut, with plans to file updated draft IPO papers with market regulator Sebi in the next two weeks, sources familiar with the matter said on Tuesday. The company is targeting a ₹2,000-crore initial public offering (IPO), likely to hit the markets between March and April 2026. Turtlemint had confidentially submitted its preliminary IPO documents in September last year and received Sebi’s approval in December to proceed with the issue. Following the clearance, the company will now file its updated draft red herring prospectus (UDRHP),…