Author: Legal Parivar

India’s renewable energy sector is gearing up for a major fundraising drive through initial public offers (IPO s), with companies planning to hit the markets with issues worth nearly ₹25,000 crore in the coming months. Among the firms awaiting Securities and Exchange Board of India (SEBI) approval are Emmvee Photovoltaic and Juniper Green Energy, each looking to raise ₹3,000 crore, along with Prozeal Green Energy, which has filed for a ₹700 crore IPO. Regreen-Excel EPC India, an ethanol plant manufacturer, has already received SEBI clearance for a ₹500 crore issue, while Saatvik Green Energy has secured approval for a ₹1,150…

Shares of Apollo Hospitals Enterprises Ltd touched a new 52-week high of ₹7,918 on the NSE, before slightly easing to trade at ₹7,917, up 0.43% from its previous close. The rally comes on the back of robust quarterly and annual earnings that have strengthened investor sentiment. Strong Quarterly Growth For the quarter ending June 2025, Apollo Hospitals reported: Impressive Annual Performance In FY25 (ending March 2025), the company posted: The Return on Equity (ROE) improved to 17.60%, while the Operating Margin strengthened to 11.30%, reflecting better efficiency. Dividend and Investor Sentiment Apollo announced a final dividend of ₹10/share (200%) for…

The Indian stock market continues its upward momentum, with the benchmark Sensex rising nearly 2,000 points in the past six trading sessions, marking its longest winning streak since April this year. On Thursday, the Sensex climbed almost 400 points (0.5%), extending its positive run. The index now stands just 5% below its all-time high of 85,978.25, recorded on September 27, 2024. The Nifty 50 also remains strong, though still 5% off its record peak of 26,277.35, achieved on the same day last year. What’s Driving the Rally? Analysts attribute the latest surge to: Outlook With improved domestic sentiment and strong…

Ola Electric Stock Performance Ola Electric Mobility Ltd. witnessed a steep decline in Thursday’s trade, with shares falling 6.5%, making it one of the top losers on the Nifty Midcap 150 index. As of 10:30 am, other notable midcap losers included Emami (-1.4%), Tube Investment (-1.28%), 360 ONE WAM (-1.21%), and J.K. Cement (-1.21%). Ola Electric Financials – Quarterly Trends The company’s consolidated quarterly performance highlights persistent losses: QuarterRevenue (₹ Cr)Net Profit (₹ Cr)EPS (₹)Jun 20241,644-347-0.95Sep 20241,214-495-1.20Dec 20241,045-564-1.28Mar 2025611-870-1.97Jun 2025828-428-0.97 Ola Electric Annual Financials YearRevenue (₹ Cr)Net Profit (₹ Cr)EPS (₹)BVPS (₹)ROE (%)Debt to Equity2022373-784-2.239.50-42.210.4020232,630-1,472-3.912.80-269.243.0120245,009-1,584-4.35-4.880.00-2.5020254,514-2,276-5.4811.66-44.250.59 Key Highlights: Ola Electric Income…

ICAI Plans New Standards for IT-Driven Audits The Institute of Chartered Accountants of India (ICAI) is preparing to issue new Information Systems Audit Standards aimed at improving the quality of audits for technology-driven businesses such as startups, fintech companies, and e-commerce platforms. Announcing the move, ICAI President Charanjot Singh Nanda said the new standards will enable chartered accountants (CAs) to assess IT-related risks—ranging from **cyber security threats and data breaches to system failures—**and recommend effective mitigation measures. Applicability Across Sectors While designed with startups and fintech firms in mind, the standards will also apply to financial audits across other industries,…

NCLAT Ruling on Neptune Developers Insolvency The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by the Central Bank of India challenging the approval of a resolution plan for the bankrupt real estate company Neptune Developers Pvt. Ltd. The appellate tribunal ruled that the bank, as a dissenting financial creditor, cannot block a resolution plan endorsed by the Committee of Creditors (CoC) in its “commercial wisdom.” The judgment comes as a major relief to over 2,000 homebuyers who have been waiting for possession of their flats in Neptune’s long-delayed Project Swarajya in Kalyan, Mumbai. Background of the…

Shares of India Cements surged nearly 5% to around ₹388 apiece in early trade on August 21 after UltraTech Cement opened its offer for sale (OFS) to divest up to 2.01 crore shares, representing a 6.49% stake in the company. UltraTech Cement, which currently holds 81.49% stake in India Cements (as of June 2025), will reduce its holding to 75% post-transaction. The floor price for the OFS has been set at ₹368 per share, valuing the total sale at over ₹740 crore. The offer window will remain open from August 21–22. The decision was approved in UltraTech’s board meeting on…

Shares of Godrej Properties rose up to 2.2% to ₹2,082 in morning trade on Thursday, August 21, after the company announced it had emerged as the highest bidder in a Telangana Housing Board (TGHB) e-auction. The real estate major secured a 7.8-acre residential land parcel in Hyderabad’s Kukatpally with a winning bid of ₹547.78 crore. According to the filing, the project has a revenue potential of nearly ₹3,800 crore, with the allotment letter to be issued once TGHB completes the formalities. Situated near HITEC City, the proposed development will include premium residential apartments across various configurations. Commenting on the development,…

Jupiter Wagons Ltd share price rallied nearly 11% on August 21, 2025, after the company announced a major order win for the Vande Bharat Train project. The railway stock jumped as much as 10.95% to ₹366 per share on the BSE, driven by strong buying interest. The surge in share price was backed by a sharp rise in trading volumes. Nearly 44 lakh shares of Jupiter Wagons were traded on the exchanges, significantly higher than its one-week average of 13 lakh shares. The company confirmed that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt Ltd, has received a Letter…

Hindustan Aeronautics Limited (HAL) has announced that the Government of India has approved the procurement of 97 Light Combat Aircraft (LCA) Tejas Mk-1A fighter jets worth ₹62,000 crore. The approval was granted by the Cabinet Committee on Security (CCS) on August 19, 2025, the company confirmed in its stock exchange filing on August 21, 2025. According to HAL’s statement, the order includes the aircraft along with associated equipment for the Indian Air Force (IAF). This procurement marks a major milestone for India’s indigenous Tejas programme, aimed at replacing the ageing MiG-21 fleet and enhancing the country’s self-reliance in defence manufacturing.…