Author: Legal Parivar

CoreEL Technologies, a Bengaluru-based aerospace and defence electronics company, has secured $30 million in Series B funding, led by ValueQuest Scale Fund, with continued participation from existing investor 360 ONE Asset. According to a company statement, the funds will be deployed to expand manufacturing capacity, strengthen its presence in large-scale defence programmes, and enhance research and development, product engineering, and execution of complex aerospace and defence projects in India and international markets. 360 ONE Asset, which had led CoreEL’s Series A funding round, further increased its stake in the company by participating in the latest investment. Founded in 1999, CoreEL…

Tonbo Imaging India, a Bengaluru-based defence electronics original equipment manufacturer (OEM), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO will consist entirely of an offer-for-sale (OFS) of 1.8 crore equity shares, with no fresh issue component. Consequently, all proceeds from the issue, excluding offer-related expenses, will be received by the selling shareholders, according to the DRHP filed on December 22. The selling shareholders include the company’s promoters—Arvind Kondangi Lakshmikumar, Ankit Kumar, Cecilia D’Souza, and Vinimaya Advisory LLP—along with investors…

The Central Board of Direct Taxes (CBDT) has initiated a data-driven “NUDGE” campaign for the Assessment Year 2025–26, urging taxpayers to voluntarily review and correct deduction and exemption claims that may be ineligible. The campaign particularly targets cases involving bogus donations made to Registered Unrecognised Political Parties (RUPPs). As part of this advisory initiative, taxpayers identified through advanced risk analytics have been asked to file revised income-tax returns (ITRs) by December 31, 2025. Those who fail to do so can still submit updated returns from January 1, 2026, but with additional tax liability as prescribed under the Income-tax Act. In…

Stocks in Focus | Indian markets are set for a busy trading day on November 4, 2025, with several key companies announcing their Q2 FY26 earnings, new deals, and management changes. Here’s a look at the top stocks likely to be in focus today, including Bharti Airtel, Titan Company, SJS Enterprises, Godfrey Phillips, Hitachi Energy India, Hero MotoCorp, Cipla, and City Union Bank. —  Key Stocks to Watch Bharti Airtel Telecom major Bharti Airtel reported a 73.6% year-on-year (YoY) rise in net profit to ₹6,792 crore, driven by a 25.7% increase in revenue to ₹52,145.4 crore.EBITDA grew 35.3% YoY…

In a major market development, the National Stock Exchange (NSE) will launch a pre-open session for equity futures and options (F&O) starting December 8, 2025. This move aims to improve price discovery and reduce volatility in the derivatives market, aligning it with the equity cash market’s pre-open call auction mechanism. New F&O Pre-Open Session: Timing and Format According to NSE, the F&O pre-open session will run daily from 9:00 AM to 9:15 AM, following a call auction format similar to that of the cash market. Order entry, modification, and cancellation will be allowed between 9:00 AM and a random close…

Groww IPO News | Billionbrains Garage Ventures, the parent company of online investment platform Groww, has successfully raised ₹2,984.5 crore from 102 institutional investors through its anchor book on November 3, ahead of its much-awaited ₹6,632-crore IPO opening for public subscription today (November 4, 2025). Groww IPO Details The Groww IPO will remain open for bidding between November 4 and November 7, with November 5 being a market holiday on account of Prakash Gurpurb Sri Guru Nanak Dev Jayanti.The price band for the IPO has been fixed at ₹95–₹100 per share. Groww aims to raise ₹1,060 crore via fresh share…

The Income Tax Department has formally withdrawn its long-standing ₹8,500 crore transfer pricing case against Vodafone India Services, marking the conclusion of a decade-old tax dispute. A Supreme Court bench led by Chief Justice BR Gavai on Monday allowed the withdrawal plea filed by the Commissioner of Income Tax, effectively closing the matter. The case originated from the 2008 sale of Vodafone India’s Ahmedabad-based call centre business, 3 Global Services, to Hutchison Whampoa Properties (India). Following this internal restructuring, tax authorities alleged that Vodafone had transferred intangible rights and call options to a related entity—categorising it as an international transaction…

Peak XV Partners is set to make a stellar 40x return on its early investment in Pine Labs, as the fintech unicorn gears up for its initial public offering (IPO) priced between ₹210 and ₹221 per share. The venture capital firm holds a 20.25% stake in the company, acquired at an average cost of ₹5.60 per share, and plans to sell up to 23 million shares. At the upper price band, the sale could fetch ₹508 crore for Peak XV. Returns for other investors are expected to be more modest. Madison India Capital is set for 5.6x returns (around ₹66…

The Enforcement Directorate (ED) has provisionally attached more than 132 acres of land located in Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai, valued at approximately ₹4,463 crore, under the Prevention of Money Laundering Act (PMLA). With this attachment, the total assets seized in cases involving Reliance Communications Ltd (RCom), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd have exceeded ₹7,500 crore, the agency announced on Monday. According to the ED, the investigation was initiated based on a Central Bureau of Investigation (CBI) FIR registered under various sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act.…

Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) turned net sellers in the final week of October, offloading Indian equities worth ₹1,884 crore, according to provisional exchange data. In contrast, Domestic Institutional Investors (DIIs) continued their buying streak, recording net purchases of ₹3,516 crore on Monday, November 3, 2025. During the session, DIIs bought shares worth ₹15,520 crore and sold shares worth ₹12,003 crore. Meanwhile, FIIs purchased shares valued at ₹9,628 crore but sold equities worth ₹11,512 crore. So far in 2025, FIIs have remained net sellers of ₹2.42 lakh crore, whereas DIIs have collectively net bought ₹6.31 lakh…