Author: Legal Parivar

External Affairs Minister Dr. S. Jaishankar met US Secretary of State Marco Rubio on September 22 on the sidelines of the 80th UN General Assembly (UNGA) session in New York. The leaders engaged in bilateral discussions at Lotte New York Palace, coinciding with India-US talks aimed at an early conclusion of a trade agreement. Jaishankar arrived in New York on September 20 and is scheduled to hold several bilateral and multilateral meetings, including delivering India’s national statement during the General Debate on September 27. This was the first face-to-face meeting between Jaishankar and Rubio after the Trump administration imposed an…

IT major Tata Consultancy Services (TCS) announced on September 22 that its board will meet on October 9, 2025, to approve and take on record the audited standalone financial results for the quarter and six-month period ending September 30, 2025, under Indian Accounting Standards (Ind AS). The board is also expected to consider declaring a second interim dividend for FY26. If approved, the dividend will be paid to shareholders whose names appear on the Register of Members or in the depository records as of the record date, Wednesday, October 15, 2025. For context, TCS had posted a 6% rise in…

The initial public offering (IPO) of Atlanta Electricals Ltd, a manufacturer of power, auto, and inverter-duty transformers, was 97% subscribed on the first day of bidding on Monday, according to NSE data. Bidders placed orders for 63,51,928 shares against the 65,38,439 shares on offer. The Qualified Institutional Buyers (QIBs) and non-institutional investors categories were fully subscribed, while the Retail Individual Investors (RIIs) segment recorded 95% subscription. The company had earlier raised ₹205 crore from anchor investors. Atlanta Electricals’ ₹687-crore IPO is set to close on September 24, with a price band of ₹718–₹754 per share, valuing the company at roughly…

Bihar-based BMW Ventures, a steel products distributor, has set the price band for its initial public offering (IPO) at ₹94–₹99 per share as of September 22. The IPO, comprising entirely fresh equity shares, is scheduled for subscription from September 24 to 26. The company aims to raise ₹231.66 crore through the issuance of 2.34 crore shares. Proceeds from the IPO will primarily be used for working capital requirements (₹173.75 crore), with the balance earmarked for general corporate purposes. BMW Ventures, which also engages in trading of tractor engines and spare parts, manufacturing of PVC pipes, and fabrication of pre-engineered buildings…

Foreign institutional investors (FIIs/FPIs) were net sellers of ₹2,910 crore worth of Indian equities on Monday, while domestic institutional investors (DIIs) absorbed much of the pressure with net purchases of ₹2,583 crore, according to provisional stock exchange data. DIIs bought shares worth ₹12,716 crore and sold ₹10,133 crore. In contrast, FIIs purchased equities worth ₹9,545 crore but offloaded ₹12,455 crore. So far in 2025, FIIs have pulled out a net ₹2.23 lakh crore, whereas DIIs have infused a strong ₹5.51 lakh crore into the market. Market PerformanceThe benchmark indices ended lower, with the Sensex down 466.26 points (0.56%) at 82,159.97…

Information technology (IT) major Cognizant has created the position of Chief Learning Officer (CLO) and named Thirumala (Thiru) Arohi to the role. He will report directly to Kathy Diaz, Chief People Officer. Arohi, who brings over 30 years of experience, was previously Executive Vice President and Head of Education, Training & Assessment, and Learning Platforms at Infosys. He is widely recognized for building scalable learning ecosystems and advancing innovation in digital education. His earlier leadership roles give him a strong business-centric perspective on the role of learning in driving performance and growth. As CLO, Arohi will head Cognizant’s global learning…

Health and confectionery products maker Sampre Nutritions announced on Saturday that its board has approved both a bonus issue and a stock split of equity shares. At its board meeting held on September 19, the company cleared the proposal to subdivide one equity share of face value ₹10 into two shares of ₹5 each. Additionally, it approved a 1:1 bonus issue, granting one bonus equity share of ₹5 for every fully paid-up share of ₹5 held. The company noted it had free reserves of ₹59.86 crore in its securities premium account as of March 31, 2025, while the bonus issue…

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…