Author: Legal Parivar

Mumbai-based Jaro Institute of Technology (Jaro Education), an online higher education and upskilling platform, has raised ₹135 crore through its anchor book on September 22, ahead of its ₹450-crore initial public offering (IPO). The IPO will open for subscription between September 23 and 25, with a price band set at ₹846–₹890 per share. As per its exchange filing, Jaro Education has allotted 15,16,853 equity shares to anchor investors at ₹890 apiece. A total of 15 institutional investors participated, including Whiteoak Capital and ITI Mutual Fund, each investing ₹21.49 crore for 2.41 lakh shares. Other prominent investors included Citi Group, Nomura…

Mumbai-based Anand Rathi Share and Stock Brokers has secured ₹220.5 crore from 15 anchor investors on September 22, ahead of its ₹745-crore initial public offering (IPO). The IPO, comprising a fresh issue of shares only, will open for subscription on September 23 and close on September 25, with a price band set at ₹393–₹414 per share. The company has allotted 53,26,086 equity shares to anchor investors at ₹414 apiece. Leading participants included HDFC Mutual Fund, Kotak Mahindra AMC, Quant Mutual Fund, Aditya Birla Sun Life AMC, SBI Life Insurance, and Singularity AMC, each investing ₹20.08 crore for 4.85 lakh shares.…

Dalal Street is gearing up for its busiest week ever in the primary market, as 28 initial public offerings (IPOs) worth around ₹7,500 crore are set to open for subscription starting September 22, 2025. In addition, nine companies will debut on stock exchanges next week.Of the total fundraising, ₹6,500+ crore will be raised through 11 mainboard IPOs, while the remaining will come from 17 SME IPOs.—Key Mainboard IPOs Opening Next Week1. Atlanta Electricals IPOOpens: September 22Size: ₹687.3 crorePrice Band: ₹718–754 per share2. Ganesh Consumer Products IPOOpens: September 22Size: ₹408.8 crorePrice Band: ₹306–322 per share3. Seshaasai Technologies IPOOpens: September 23Size: ₹813…

Foreign Portfolio Investors (FPIs) have withdrawn ₹7,945 crore from Indian equities so far in September, reflecting concerns over global uncertainties such as tariffs and ongoing geopolitical tensions. This follows significant outflows of ₹34,990 crore in August and ₹17,700 crore in July, bringing the total equity sell-off by FPIs in 2025 to ₹1.38 lakh crore, according to depository data. Despite the overall net selling in September, FPIs showed signs of moderation during the latest week, briefly turning net buyers with purchases of ₹900 crore following a 25-basis-point rate cut by the US Federal Reserve. The combination of the Fed’s dovish stance,…

Indian stock markets ended the week on a weaker note as the Sensex fell 388 points (0.47%) to 82,626.23 and the Nifty 50 declined 97 points (0.38%) to 25,327.05 on Friday. Profit booking and subdued global cues contributed to the downward movement. The BSE Midcap index slipped 0.09%, while the Smallcap index gained 0.16%. With major events behind, investors are now focusing on key factors likely to shape market trends in the coming week. Top Five Market Triggers Disclaimer: This story is for educational purposes only and does not constitute financial advice.

Skywatchers around the world are gearing up for the partial solar eclipse on September 21, 2025, the last solar eclipse of the year. A solar eclipse occurs when the Moon passes between the Earth and the Sun, temporarily blocking its light. Depending on the alignment, eclipses can be total, annular, hybrid, or partial. During this eclipse, the Moon will only partially cover the Sun, creating the appearance that a “bite” has been taken out of the Sun’s disk. This effect is visible from regions in the Southern Hemisphere, including eastern Australia, New Zealand, Antarctica, and several Pacific islands. Antarctica is…

Last-minute bookings to the United States spiked on Sunday following President Donald Trump’s announcement of a $100,000 fee for new H-1B visas, according to MakeMyTrip, reported by ET Now. The fee, effective from September 21, 2025, is aimed at allowing only “extraordinarily skilled” professionals to enter the US and curbing the replacement of American workers with lower-wage foreign talent. A MakeMyTrip spokesperson noted, “There has been a notable increase in same-day and next-day bookings to the USA, which is atypical for long-haul travel.” Key Details of the H-1B Visa Fee Impact on India and IT Sector India, which accounts for…

Television manufacturers in India have announced price reductions ranging from ₹2,500 to ₹85,000 to pass on the benefits of the recent GST cut to consumers, aiming for strong sales during the upcoming festive season starting Monday, September 22. The GST Council earlier this month reduced tax rates on several goods and services, lowering the duty on TVs with screens larger than 32 inches from 28% to 18%. TV makers are adjusting MRPs accordingly to extend the 10% tax reduction benefit to buyers. The TV industry, which saw almost flat sales in the first half of this fiscal year (April–September), expects…

India’s largest power producer, NTPC Ltd, is preparing to expand into nuclear energy and is exploring the acquisition of overseas uranium assets to secure fuel for its upcoming projects, a company official said. Established in 1975 as a thermal power generator, NTPC has steadily expanded its portfolio and diversified into cleaner energy sources. With a current installed capacity of 83,026 MW across coal, gas, hydro, and solar projects, the company is now charting its entry into nuclear power. To support this transition, NTPC’s board has approved a draft MoU with Uranium Corporation of India Ltd (UCIL) for joint techno-commercial due…

US President Donald Trump’s decision to impose a $100,000 fee on new H-1B visa applications could severely impact Indian professionals, who make up nearly 72% of the total H-1B workforce, according to a report by The Hindu published on September 20. Data shows that 60% of Indian H-1B holders earned $100,000 or less in FY24. Of these, about 12% earned below $75,000, while 47% were in the $75,000–$100,000 range. Only 40% of Indian workers made more than $100,000 annually. In comparison, 60% of non-Indian H-1B workers had salaries above $100,000. The median annual pay for Indian H-1B employees stood at…