Author: Legal Parivar

The primary market is set for a busy week ahead, with one mainboard IPO, three SME issues, and five new listings hitting the stock exchanges between November 3 and 8. Here’s a detailed look at what’s coming up in the IPO lane next week. Mainboard IPO: Groww The spotlight will be on the Groww IPO, launched by Billionbrains Garage Ventures, the parent company of one of India’s most popular investment platforms. The ₹6,632.30 crore issue will open for subscription on November 4 and close on November 7, with a price band of ₹95–₹100 per share and a lot size of…

Urban Company Ltd reported a wider loss in its first quarterly results since listing, as it increased investments in its new on-demand vertical, Insta Help, marking a clear shift from short-term profitability to long-term expansion in India’s home-services market. The Gurugram-based firm posted a net loss of ₹59.3 crore in the September quarter, compared to ₹1.8 crore in the same period last year. However, revenue from operations jumped 37% year-on-year to ₹380 crore, driven by robust demand in beauty, cleaning, and home-maintenance services. Co-founder and CEO Abhiraj Singh Bhal said the quarter marked the beginning of a new investment cycle…

Fintech leader Pine Labs, which operates in the merchant payments and lending sectors, has filed its Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (Sebi) for its upcoming initial public offering (IPO). According to the RHP, the IPO will include a fresh equity issue worth ₹2,080 crore and an offer for sale (OFS) of up to 82.34 million shares by existing investors. Major investors to offload stakes Leading the OFS is Peak XV Partners Pine Investment Holdings, which plans to sell up to 23 million shares. Other key participants include: Reduced issue size from DRHP The…

Quick commerce startup Zepto has scrapped handling fees and surge charges across all orders, while also removing delivery fees for orders above ₹99, making it the most affordable option in India’s competitive 10-minute delivery market. The move comes as Zepto intensifies its battle with rivals Blinkit and Swiggy Instamart to capture a larger share of the rapidly growing quick-commerce segment. Under its new “All New Zepto Experience” initiative, customers will pay zero handling, rain, or surge fees on every order and enjoy free delivery for carts above ₹99. For smaller orders below ₹99, Zepto will charge only ₹30 as a…

Car Sales: India’s carmakers recorded their highest-ever monthly domestic sales in October, delivering 4.70 lakh units, a 17% year-on-year (YoY) surge driven by strong Diwali demand and the recent GST rate cut. This marks the first full month after the government slashed GST on small cars from 28% to 18% and removed the additional cess, significantly lifting consumer sentiment and showroom footfalls. Automakers operated at full capacity throughout October, with several extending business hours to meet demand, industry executives said. Maruti Suzuki leads with strong bookings Maruti Suzuki, India’s largest carmaker, reported a 10% rise in dealer dispatches to 1,76,318…

Delhi air quality has once again plunged to dangerous levels, with the Air Quality Index (AQI) at AIIMS touching 421 — falling in the ‘severe’ category — on Sunday, November 2, just two weeks after Diwali. According to researchers at the Centre for Research on Energy and Clean Air (CREA), deaths linked to particulate matter pollution have remained consistently high over the years, often surpassing those caused by hypertension or diabetes, based on the latest Global Burden of Disease (GBD) data. “Air pollution is not merely an environmental concern but a major public health emergency that requires science-driven interventions across…

Berkshire Hathaway reported record cash reserves of $381.7 billion in its latest quarterly results, signaling continued caution toward markets even as profits rose. This marks the company’s final financial report before Warren Buffett steps down as CEO. For the 12th consecutive quarter, Berkshire sold more stocks than it purchased, maintaining a conservative stance despite a $283.2 billion equity portfolio that includes major holdings such as Apple and American Express. The conglomerate did not repurchase any shares for the fifth straight quarter, even though its stock has underperformed compared to the broader market. Profit rises, driven by insurance and rail units…

Several major companies, including Coal India, Mazagon Dock Shipbuilders, Bharat Petroleum Corporation Ltd (BPCL), Hindustan Unilever (HUL), NTPC, RR Kabel, Hindustan Petroleum Corporation Ltd (HPCL), Colgate-Palmolive, and Oracle Financial Services Software, are scheduled to trade ex-dividend in the week beginning Monday, 3 November 2025. When a stock trades ex-dividend, its price adjusts to reflect the upcoming dividend payout, meaning new buyers will not be eligible to receive the declared dividend. Only shareholders who hold the stock before the record date are entitled to the payment. According to BSE data, several firms will also declare other corporate actions such as stock…

China has agreed to lift additional export restrictions on rare earth metals and terminate investigations targeting US semiconductor supply chain companies, the White House announced on Saturday. The move is part of a new US-China trade agreement reached earlier this week between President Donald Trump and President Xi Jinping, marking a major step toward de-escalating trade tensions between the two economic superpowers. Under the deal, China will issue general export licenses for critical materials — rare earths, gallium, germanium, antimony, and graphite — effectively reversing controls imposed in April 2025 and October 2022. Beijing will also pause stricter export rules…

The corporate tussle at B2B medical supply platform Medikabazaar has escalated, with co-founder Vivek Tiwari filing a police complaint alleging a ₹264 crore fraud involving the company’s board and foreign investors. According to the FIR lodged at the MIDC Police Station on October 30 and later transferred to the EOW Corporate Fraud Cell, Tiwari has accused directors from Creaegis, Healthquad, and Ackerman Van Haaren of diverting company funds to fictitious entities, including M/s Jai Ambe Sales Agency and over 30 other firms. The complaint names CEO Dinesh Lodha, CFO Raman Chawla, COO Ravishankar Gopalakrishnan, and investor-directors Pinak Shrikhande, Nitish Bandi,…