Author: Legal Parivar

Nvidia Corp. made history on Wednesday by becoming the first company in the world to reach a $5 trillion market capitalization, driven by a powerful rally that underscores its central role in the global artificial intelligence (AI) revolution. The milestone marks Nvidia’s dramatic evolution from a specialized graphics-chip maker into the backbone of the AI industry, turning CEO Jensen Huang into one of Silicon Valley’s most influential figures. Nvidia’s cutting-edge processors have also become a focal point in the U.S.-China tech rivalry. Since the launch of ChatGPT in 2022, Nvidia’s stock has surged over 12-fold, propelling major U.S. indices such…

Vertis Infrastructure Trust, backed by global investment firm KKR and the Ontario Teachers’ Pension Plan, has appointed Axis Capital, Ambit Capital, and Avendus Capital to manage its proposed Indian initial public offering (IPO) worth up to $568 million, according to investment banking sources. The infrastructure investment trust (InvIT) plans to seek regulatory approval before December 2025, with a potential market debut targeted for the second quarter of 2026, one of the sources said. The planned IPO comes amid buoyant market conditions, with Indian equities trading near record highs. So far in 2025, companies have collectively raised around $16 billion through…

Haryana-based Studds Accessories, one of India’s leading two-wheeler helmet manufacturers, has raised ₹136.6 crore from nine anchor investors on October 29, a day before opening its ₹455.5-crore initial public offering (IPO) for public subscription. The IPO, which is entirely an offer-for-sale (OFS) of 77.86 lakh shares by the promoters and existing shareholders, will open for bidding on October 30 and close on November 3. The price band for the issue has been set at ₹557–₹585 per share. According to a stock exchange filing, Studds Accessories has allocated 23,35,836 equity shares to anchor investors at the upper end of the price…

Kolkata-based Jayesh Logistics received an overwhelming response to its initial public offering (IPO), which was subscribed 61.26 times by the close of bidding on October 29. The robust demand came from investors across all categories. The company opened its IPO on October 27 to raise ₹28.63 crore through the issuance of 23.47 lakh shares in the price band of ₹116–₹122 per share. By the end of the bidding period, investors had placed bids for 10.97 crore shares against the 17.91 lakh shares on offer, through 26,768 applications. The non-institutional investor (NII) segment led the rally, subscribing 139.1 times its allotted…

The Reserve Bank of India (RBI) has announced the redemption price for the Sovereign Gold Bond (SGB) 2019-20 Series-VI, as the next premature redemption window approaches. Eligible investors can redeem their holdings on October 30, 2025, marking five years since the bond’s issue date of October 30, 2019. Premature Redemption After Five Years As per the Government of India’s notification dated September 30, 2019, premature redemption of SGBs is permitted after the fifth year from the date of issue, but only on an interest payment date. For the Series-VI tranche, this redemption opportunity falls on October 30, 2025, and the…

Cipla is scheduled to announce its Q2 FY26 results on October 30, with expectations of a steady performance supported by healthy growth in its India and South Africa businesses. However, the US segment is likely to remain under pressure due to the tapering of gRevlimid sales and ongoing price erosion in the base portfolio. Operating margins are projected to stay stable in the 24.5–26.5 percent range, aided by disciplined cost management and a favourable product mix. A poll of five brokerages indicates Cipla’s revenue may rise 5–6 percent year-on-year to around ₹7,300–7,450 crore, while EBITDA is expected between ₹1,824–₹1,932 crore,…

Anil Ambani’s Reliance Group on Wednesday issued a strong statement ahead of an alleged exposé by online portal Cobrapost, accusing corporate rivals of launching a “campaign of calumny, disinformation, and character assassination.” In regulatory filings, Reliance Infrastructure and Reliance Power said Cobrapost’s purported expose was nothing more than a recycling of old, publicly available information, which had been “misrepresented, distorted, and taken out of context.” “The information being cited has long been in the public domain and has already been examined by statutory authorities, including the CBI, ED, SEBI, and other competent agencies,” the statement added. Cobrapost, known for its…

Samena Special Situations Mauritius has continued to pare its holdings in Dynamatic Technologies, selling another 0.79 percent stake through open market deals on October 29. Shares of Dynamatic Technologies slipped 0.6 percent to ₹7,745 on the NSE, marking the sixth straight session of decline, amid higher-than-usual trading volumes. According to exchange data, Samena Special Situations Mauritius III, which held 3.66 percent (2.48 lakh shares) in the company as of September 2025, sold 53,949 shares at an average price of ₹7,712.34 per share, amounting to ₹41.6 crore. The Mauritius-based investor has been steadily offloading its stake this month. Earlier, on October…

Engineering and infrastructure major Larsen & Toubro (L&T) has posted a 16% year-on-year (YoY) rise in consolidated net profit to ₹3,926 crore for the quarter ended September 30, 2025 (Q2FY26), compared to ₹3,395 crore in the same period last year.The company’s revenue from operations grew 10% YoY to ₹67,984 crore, up from ₹61,555 crore in the previous year’s corresponding quarter.On October 29, L&T’s shares closed 0.4% lower at ₹3,957 apiece on the stock exchange. Strong Order Momentum L&T recorded a 45% increase in new orders, driven by robust demand across its core businesses. The company received orders worth ₹1,15,784 crore…

The Supreme Court of India has permitted the Union government to reconsider the Adjusted Gross Revenue (AGR) dues of Vodafone Idea Ltd, but only for the period up to the financial year 2016–17, according to the official order reviewed by Moneycontrol. The top court clarified that this relief is exclusive to Vodafone Idea and does not extend to other telecom operators. The decision was taken after examining the “peculiar facts and circumstances” of the case, notably the government’s 49% equity stake in the telecom company. > “It is further to be noted that the prayer in the petition itself restricts…