Author: Legal Parivar

Adani Group stocks saw strong buying on Friday following a clean chit from the Securities and Exchange Board of India (SEBI) regarding the Hindenburg Research allegations. All Adani shares closed higher, resulting in a ₹69,000 crore increase in the market capitalization of the group. Adani Power led the rally, surging 13.42% to ₹416.10 per share on the NSE. Adani Total Gas gained 7.55% to ₹652.80, while Adani Enterprise and Adani Green Energy rose over 5%. Shares of Adani Energy Solutions Ltd also added close to 5%. These gains collectively increased Gautam Adani’s net worth by ₹299 crore in a single…

Several companies are set to trade ex-dividend in the week starting Monday, 22 September 2025. Stocks among them are Bajaj Holdings & Investment, BEML, Paisalo Digital, Divyashakti, Gujarat Fluorochemicals, Monte Carlo Fashions, Parag Milk Foods, Gujarat Intrux, Maharashtra Scooters, and Hazoor Multi Projects. The ex-dividend date marks when a stock starts trading without the value of its upcoming dividend. Shareholders recorded on the company’s list by the end of the record date will be eligible for the dividend payout. Key Dividend Dates: Bonus Issues: A bonus issue allows shareholders to receive additional shares without increasing the dividend payout. For instance,…

The Ministry of Railways announced on Saturday that the price of bottled drinking water sold on trains, Rail Neer, will be reduced following the recent GST rate cuts. According to a circular from the Railway Board, the price of a 1-litre bottle of Rail Neer will decrease from ₹15 to ₹14, while a 500 ml bottle will now be sold for ₹9, down from ₹10. The new rates will come into effect from September 22, 2025. The ministry stated on X (formerly Twitter) that the price revision is intended to directly pass on the benefits of the GST reduction to…

Amul has reduced prices on more than 700 product packs, including butter, ghee, cheese, ice cream, and frozen snacks, effective September 22, 2025. The price revision follows the recent GST rate cut, with GCMMF, the cooperative that markets Amul products, passing on the benefits entirely to consumers. Some key price changes include: GCMMF noted that the price cuts aim to boost consumption of dairy products, especially ice cream, butter, and cheese, as per capita consumption remains low in India. The move is also expected to increase demand and drive turnover for the cooperative, which is owned by 36 lakh farmers.…

Top Indian IT services companies are steadily cutting their dependence on H-1B visas, even as the United States raised the visa fee to $100,000 on September 20. Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra now have H-1B dependency levels ranging from 20 percent to under 50 percent for their North American operations. The H-1B programme allows US firms to hire foreign professionals in specialised fields such as STEM and IT. However, between FY15 and FY23, approved H-1B petitions for the top seven Indian IT firms dropped by 56 percent to 6,700. Today, companies like Infosys and TCS…

Trualt Bioenergy, one of India’s largest ethanol producers, has filed its red herring prospectus with the Registrar of Companies and will launch its initial public offering (IPO) on September 25, 2025. The issue will close on September 29, with the anchor book opening for a day on September 24. The IPO comprises a fresh issue of shares worth ₹750 crore, along with an offer-for-sale (OFS) of 18 lakh shares by promoters Dhraksayani Sangamesh Nirani and Sangamesh Rudrappa Nirani. Allotment of shares will be finalized by September 30, and trading in Trualt Bioenergy stock is expected to commence on October 3.…

Piramal Enterprises Limited (PEL) has announced that September 23, 2025 will be the record date for its merger with Piramal Finance Limited (PFL). From this date, PEL shares will be delisted from stock exchanges. According to the approved merger scheme, shareholders of PEL as of the record date will receive one equity share of PFL for every share held in PEL (1:1 ratio). Additionally, all debt securities issued by PEL will be transferred to PFL. Following the allotment, PFL will seek stock exchange approvals for listing its securities. Trading in the new shares will commence once the necessary regulatory clearances…

Bihar-based BMW Ventures, a distributor of long and flat steel products, is set to launch its initial public offering (IPO) next week. The issue will open for subscription on September 24 and close on September 26. The IPO consists entirely of a fresh issue of 2.34 crore equity shares, with proceeds flowing directly to the company. The funds will be primarily used to reduce debt, as the company had consolidated borrowings of Rs 428.38 crore as of March 2025. Out of the proceeds, Rs 173.75 crore will go toward repayment of loans, while the remaining amount will be allocated to…

A senior US administration official has clarified that the newly announced $100,000 annual fee for H-1B visas will be applicable only to fresh petitions, not to existing visa holders or renewals. The clarification eases concerns among thousands of Indian professionals working in the United States. The official confirmed that those already on H-1B visas — including individuals currently travelling abroad or visiting India — will not be required to return to the US before the rule takes effect. “Those who are visiting or leaving the country don’t need to rush back before Sunday or pay the $100,000 fee. It is…

The Union government has announced a reduction in the goods and services tax (GST) on cement from 28% to 18%, a move expected to stimulate demand ahead of the festive season and reduce costs for developers and infrastructure players. Cement demand and pricing had already recovered in the first quarter of the ongoing fiscal, but industry analysts note that further growth is needed for cement makers to sustain margins, especially after recent mergers and acquisitions among top companies. Industry reports indicate cement demand rose by around 8% to 120 million tonnes in the first quarter. For FY26, market estimates project…