Author: Legal Parivar

HDFC Bank has placed two senior executives on leave amid an internal probe into alleged mis-selling of Credit Suisse Additional Tier 1 (AT1) bonds. The investigation follows complaints that the high-risk instruments were sold to clients without proper disclosure of their inherent risks. What Are AT1 Bonds? AT1, or Additional Tier 1 bonds, are perpetual, high-risk debt instruments issued by banks to strengthen their capital base under Basel III regulations. These bonds have no fixed maturity and rank below all other forms of debt in repayment priority but above equity. Funds raised through AT1 bonds help banks absorb potential losses…

Gold prices in India witnessed a sharp rally in October 2025, supported by strong festive demand, the US Federal Reserve’s rate cut, and robust central bank buying. Despite recent volatility, the yellow metal delivered an impressive performance, making October one of the best months of the year for gold investors. On the Multi Commodity Exchange (MCX), gold prices climbed nearly 5%, touching a record high of ₹1,32,294 per 10 grams, while silver gained about 5% to ₹1,70,415 per kg. The upward movement was driven by increased Diwali purchases, safe-haven buying amid global market uncertainty, and heavy central bank accumulation led…

The Institute of Chartered Accountants of India (ICAI) has proposed a significant expansion of professional opportunities for Chartered Accountants (CAs), including raising the cap on statutory audits from 30 firms to 40 firms and easing several practice-related restrictions. According to the draft Code of Ethics recently issued by the institute, the move would allow CAs to audit up to 40 entities — including companies, limited liability partnerships (LLPs), and partnership firms — compared to the current limit of 30. The ICAI has also proposed to permit auditors to conduct non-educational seminars, advertise under relaxed norms, and take up additional non-audit…

The Securities and Exchange Board of India (Sebi) has imposed monetary penalties totalling ₹2.64 crore on 20 individuals for their involvement in price and volume manipulation of shares of Quasar India Ltd. According to Sebi ’s order issued on Friday, 18 individuals were collectively fined ₹2.5 crore, to be paid jointly and severally, while Mrugesh Natwarlal Ruparel and Arpit Piyushbhai Shah were fined ₹7 lakh each. Sebi’s adjudicating officer Amit Kapoor noted that the 20 individuals were connected to one another and artificially inflated trading volumes in Quasar India’s scrip, leading to an unnatural rise in share price. “The entities…

BlackRock ’s private-credit arm and several major lenders are pursuing efforts to recover over $500 million lost in what they describe as a “breathtaking” loan fraud scheme involving fake invoices and fictitious customers, according to The Wall Street Journal (WSJ). The lawsuit, filed in the United States in August 2025, accuses Bankim Brahmbhatt, an Indian-origin entrepreneur and owner of telecom-services firms Broadband Telecom and Bridgevoice, of orchestrating the alleged fraud. The lenders, including HPS Investment Partners (acquired by BlackRock earlier this year), claim Brahmbhatt fabricated invoices and accounts receivable used as collateral for hundreds of millions in loans. The Alleged…

Amazon shares surged 12.4% to a record high of $250 per share on the Nasdaq during Friday’s session, October 31, after the tech giant reported robust September-quarter earnings, powered by strong performance in its cloud and advertising divisions. Q3 Performance Highlights Amazon Web Services (AWS), the company’s cloud arm, delivered a 20% year-on-year (YoY) jump in revenue to $33 billion, surpassing analysts’ expectations of $32.5 billion. The growth was driven by increased spending on AI-related workloads as enterprises continued their digital transformation investments. The advertising segment was another standout performer, generating $17.7 billion in revenue during the quarter—well above market…

RR Kabel Ltd shares are expected to be in focus on Monday, 3 November 2025, after the company announced strong second-quarter (Q2 FY26) earnings and declared an interim dividend for shareholders. The electrical components manufacturer reported a 135% year-on-year (YoY) increase in net profit to ₹116.25 crore for the July–September 2025 quarter, compared to ₹49.52 crore in the same period last year. The company’s revenue from operations rose 19.5% YoY, reaching ₹2,163.77 crore in Q2 FY26, up from ₹1,810.13 crore in Q2 FY25. 💰 Interim Dividend Details RR Kabel’s Board of Directors approved an interim dividend of ₹4 per share…

US stock indices climbed sharply on Friday after upbeat quarterly earnings and optimistic forecasts from tech giants Apple and Amazon boosted investor sentiment. Apple’s results surpassed Wall Street expectations, fueled by strong demand for its new AI-integrated product lineup. Meanwhile, Amazon reported its fastest cloud revenue growth in three years, signaling a solid quarter ahead. At 12:01 p.m. ET, the Dow Jones Industrial Average slipped slightly by 31.46 points (0.07%) to 47,490.66, while the S&P 500 rose 15.34 points (0.22%) to 6,837.68, and the Nasdaq Composite gained 152.31 points (0.65%) to 23,733.45.Earlier in the session, the Nasdaq surged up to…

The Nifty PSU Bank index surged to a record closing high of 8,184.35 points on Friday, after the Securities and Exchange Board of India (SEBI) issued a circular implementing revised eligibility criteria for derivatives trading on non-benchmark indices. Intraday, the index hit a fresh peak of 8,272.30 points. According to the new SEBI guidelines, non-benchmark indices such as Nifty Bank, Bankex, and Fin Nifty must include at least 14 stocks to qualify for derivatives trading. Since Nifty Bank currently has 12 constituents, at least two additional banks are expected to join the index. A report by Nuvama Institutional Equities identified…

Foreign Institutional Investors (FIIs) ended the last week of October 2025 as net sellers, offloading Indian equities worth ₹6,769 crore. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹7,068 crore on Friday, October 31, according to provisional exchange data. DIIs bought shares worth ₹18,634 crore and sold shares worth ₹11,565 crore. Meanwhile, FIIs purchased shares worth ₹11,532 crore and sold shares worth ₹18,301 crore. So far in 2025, FIIs have been net sellers of ₹2.40 lakh crore in Indian equities, while DIIs have been consistent buyers, with a net purchase of ₹6.28 lakh crore. Market Performance…