Author: Legal Parivar

The initial public offering (IPO) of Jayesh Logistics Ltd, a comprehensive logistics solutions provider, saw strong investor demand during its subscription period. The bidding window for the SME IPO was open from October 27 to 29, and the IPO allotment date is likely to be today, October 30, 2025. Following the allotment finalization, the credit of shares to successful investors’ demat accounts and refunds for unallotted applicants are expected to be processed by October 31, 2025. The company’s shares will be listed on NSE Emerge, the SME platform of the National Stock Exchange, on November 3, 2025. 🔹 How to…

Indian edtech major Physicswallah Ltd. is preparing for its initial public offering (IPO), which could raise about ₹3,820 crore ($431 million), according to people familiar with the matter. The WestBridge Capital and Hornbill Capital Partners-backed company has held discussions with potential investors, and the public issue could be launched in the coming weeks. The sources added that details such as valuation and timing are still being finalized. According to the company’s draft prospectus, the IPO will comprise a fresh issue of shares worth ₹3,100 crore and an offer for sale (OFS) of about ₹720 crore by founders Alakh Pandey and…

Cipla shares fell more than 4% during intraday trading on Thursday, October 30, 2025, after the company reported its July–September quarter results and announced that its Managing Director (MD) and Global Chief Executive Officer (CEO), Umang Vohra, will step down after his term ends on March 31, 2026. In a stock exchange filing, Cipla stated: “Umang Vohra (DIN: 02296740), Managing Director & Global Chief Executive Officer (MD & GCEO), expressed his intention to not seek re-appointment as Managing Director & Global Chief Executive Officer of the Company upon completion of his current term on 31st March, 2026.” Succession Plan Announced…

Hyundai Motor India on October 30 reported a 14% year-on-year (YoY) increase in its consolidated net profit to ₹1,572 crore for the quarter ended September 30, 2025, driven by strong export demand that helped cushion the impact of weaker domestic sales. The company’s consolidated revenue for the quarter rose 1% YoY to ₹17,461 crore, reflecting resilient overseas performance despite softening local demand. At 2:45 PM on October 30, shares of Hyundai Motor India were trading 1.6% higher at ₹2,395 apiece. 🚗 Domestic Weakness vs. Export Strength During the September quarter, Hyundai’s overall vehicle sales volume declined marginally, with domestic sales…

Canara Bank, the state-owned lender, reported a 19% year-on-year (YoY) rise in net profit to ₹4,773.96 crore for the second quarter (Q2) of FY2025-26, compared to ₹4,014.53 crore in the same period last year. However, the bank’s Net Interest Income (NII) registered a 2% decline, coming in at ₹9,141 crore, down from ₹9,315 crore in the year-ago quarter. The lender’s Pre-Provision Operating Profit (PPOP) rose 12.2% YoY to ₹8,588.13 crore, up from ₹7,653.83 crore, indicating improved operational efficiency despite margin pressure. 💰 Asset Quality Improves Canara Bank’s asset quality showed a notable improvement during the September quarter. Fresh slippages for…

Adani Power Ltd, a flagship company of the Adani Group, announced its financial results for the second quarter (Q2) of FY2025-26 on Thursday, October 30. The power major reported a 11% year-on-year (YoY) decline in consolidated net profit to ₹2,953 crore, compared to ₹3,332 crore in the same period last year. Despite the dip in profit, the company’s revenue from operations edged up by 0.9% to ₹13,457 crore, as against ₹13,339 crore in the year-ago quarter, reflecting steady performance amid challenging market dynamics. 🔹 Operational Performance and EBITDA Adani Power posted a consolidated EBITDA of ₹6,001 crore, nearly unchanged from…

SBI Life-backed non-banking finance company Paisalo Digital has announced the issuance of two non-convertible debenture (NCD) tranches worth ₹75 crore each, according to an exchange filing on October 30. The company stated that the Operations and Finance Committee of its Board of Directors approved the NCD issuance in a meeting held on Thursday, October 30, 2025. 🔹 NCD Issue Details The first tranche will comprise up to 7,500 unsecured NCDs with a face value of ₹1 lakh each, carrying a coupon rate of 8.45%. The total issue size is ₹75 crore, including a base issue of ₹25 crore and a…

U.S. President Donald Trump and Chinese President Xi Jinping have concluded their summit in South Korea with a crucial agreement to keep China’s rare earth exports flowing — a move aimed at stabilizing global supply chains for key technologies. What Are Rare Earths? Rare earths are a group of 17 metallic elements — including scandium, yttrium, and 15 lanthanides — essential for modern technology. Despite their name, these elements aren’t actually rare; they’re just difficult and costly to extract because they’re scattered in small concentrations across the Earth’s crust. Where Are They Used? Rare earths are vital components in a…

OpenAI, the creator of ChatGPT, is reportedly preparing for an initial public offering (IPO) that could value the company at as much as $1 trillion, according to three people familiar with the matter — potentially making it one of the largest IPOs in history. Sources indicated that OpenAI could file with securities regulators as early as the second half of 2026, though some internal discussions point to a possible 2027 listing. The company is exploring raising around $60 billion or more, though figures and timing remain subject to change based on market conditions and business performance. Chief Financial Officer Sarah…

The government is set to seek legal advice on the Supreme Court’s recent order permitting it to reconsider adjusted gross revenue (AGR) dues — a relief applicable exclusively to Vodafone Idea Ltd and limited to additional AGR demands raised up to FY2016-17. An official familiar with the matter told Moneycontrol that no decision would be taken until legal experts are consulted. “The government is yet to obtain legal advice, and as in any such matter, we will have to consult our legal experts before taking further steps,” the official said on condition of anonymity. Scope of the Supreme Court Order…