Author: Legal Parivar

Stock Market Holiday: Trading across the National Stock Exchange (NSE) and the BSE will remain closed on Wednesday, November 5, on account of Guru Nanak Dev Ji Jayanti, also known as Gurpurab or Prakash Parv. According to the holiday calendar released by the exchanges earlier this year, this will be the only trading holiday in November, leading to a truncated four-day trading week. On this day, there will be no transactions across all major segments, including equity, derivatives, securities lending and borrowing, currency derivatives, and electronic gold receipts. The next and final market holiday of 2025 will be on December…

The Indian government has released the Draft Electricity (Amendment) Bill, 2025 for public consultation, proposing sweeping reforms aimed at transforming the country’s power sector. The draft law seeks to introduce competition in electricity distribution, phase out cross-subsidies, and enhance regulatory accountability to improve efficiency and financial sustainability. A senior government official involved in drafting the Bill said the reform could mark the “third generation of power sector reforms” in India — following the unbundling of state utilities in the 1990s and the landmark Electricity Act, 2003. “This could shift electricity from being a public utility to a consumer-driven service —…

Bank of Baroda on October 31 reported an 8% year-on-year (YoY) decline in its net profit to ₹4,809 crore for the quarter ended September 30, 2025, compared to ₹5,237 crore in the same period last year. The bank’s net interest income (NII) rose 2.7% YoY to ₹11,954 crore in the July–September quarter, up from ₹11,637 crore a year earlier. On the asset quality front, the gross non-performing asset (NPA) ratio improved to 2.16% as of September 30, 2025, from 2.28% at the end of June 2025, and 2.5% a year ago. The net NPA ratio also declined to 0.57% in…

Finbud Financial Services, a phygital lending enabler backed by M S Dhoni, has announced a price band of ₹140–142 per share for its ₹71.6 crore initial public offering (IPO). The IPO will open for public subscription on November 6 and close on November 10, with the anchor investor bidding scheduled for November 4, the company said in a statement. The offering comprises a fresh issue of 50.48 lakh equity shares, aggregating to ₹71.68 crore at the upper end of the price band. Finbud plans to use the proceeds to meet its working capital needs, invest in its subsidiary LTCV Credit…

The Supreme Court on October 30 emphasized the urgent need for uniform motor vehicle insurance policies and immediate corrective measures, noting that more than half of all vehicles in India are currently without valid insurance coverage. According to a report by LiveLaw, the observation came while the court was hearing an appeal filed by National Insurance Company against a Telangana High Court order directing the insurer to pay around ₹10 lakh in compensation, along with interest, to the family of a victim who died in a 1996 road accident. During the proceedings, the bench interacted with general managers from 22…

Lenskart Solutions Ltd, backed by SoftBank Group, Abu Dhabi Investment Authority (ADIA), Premji Invest, and Kedaara Capital, has raised ₹3,268.4 crore from 147 anchor investors on October 30, a day before its initial public offering (IPO) opened for public subscription. The Gurugram-based eyewear brand, founded by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, will open its IPO to investors from October 31 to November 4. The public issue comprises a fresh share sale worth ₹2,150 crore and an offer-for-sale (OFS) of 12.75 crore shares valued at ₹5,128 crore. The price band has been set at ₹382–₹402 per share.…

Foreign institutional investors (FIIs) continued their selling streak on Thursday, October 30, offloading Indian equities worth ₹3,078 crore, according to provisional data from the exchanges. In contrast, domestic institutional investors (DIIs) provided some support to the market with net purchases of ₹2,469 crore. DIIs bought shares worth ₹14,827 crore and sold shares worth ₹12,357 crore. Meanwhile, FIIs purchased equities worth ₹9,350 crore but sold shares amounting to ₹12,428 crore. So far in 2025, FIIs have been net sellers to the tune of ₹2.34 lakh crore, while DIIs have net bought shares worth ₹6.21 lakh crore, reflecting continued domestic support amid…

Justice Surya Kant has been appointed as the next Chief Justice of India (CJI), succeeding Justice B.R. Gavai, who is set to retire on November 23, 2025. The Department of Justice under the Union Law Ministry issued an official notification confirming the appointment on Thursday. Currently serving as a senior judge of the Supreme Court, Justice Surya Kant will be sworn in as the 53rd Chief Justice of India on November 24, 2025. His tenure will span nearly 15 months, as he is scheduled to retire on February 9, 2027, upon reaching the age of 65. Announcing the appointment on…

Bharat Sanchar Nigam Ltd (BSNL) has seen a notable boost in its performance following the nationwide rollout of its 4G services. The state-run telecom operator’s average revenue per user (ARPU) rose 12% sequentially to ₹91 in the July–September quarter, compared to ₹81 in the previous quarter, Communications Minister Jyotiraditya Scindia announced on Thursday. ARPU — a key metric that tracks average earnings per subscriber — improved due to higher data consumption and subscriber additions after the pan-India 4G launch. “There has been a 12% improvement in ARPU. Some circles have shown exceptional performance — Maharashtra’s ARPU stands at ₹214, while…

Indian equity markets ended in the red on Wednesday, October 30, as investors turned cautious following the U.S. Federal Reserve’s latest policy move. After opening below the 26,000 mark, the Nifty 50 faced sustained selling pressure, while the Sensex fell over 500 points amid weak global cues. The Nifty 50 closed at 25,877.85, down 176.05 points (0.68%), while the Sensex settled 592.67 points lower (0.70%) at 84,404.46 on its monthly expiry day. Market breadth tilted towards the bears, with 1,808 stocks advancing, 2,167 declining, and 147 remaining unchanged. Broader indices saw milder declines — both the Nifty Midcap 100 and…