Author: Legal Parivar

Crude oil prices are holding steady near the $60 per barrel mark as global markets watch the fallout from U.S. raids on Venezuela. The South American nation, home to some of the world’s largest oil reserves, has seen limited disruption to its oil production and refining despite the attacks. According to Reuters, Venezuelan state-run PDVSA’s key facilities were operating normally on Saturday, and oil exports have continued without major setbacks. The only significant damage reported was at the La Guaira port near Caracas, which is not used for oil operations. The raids come after the U.S. imposed a blockade on…

The Indian equity market is set for an eventful week as the December-quarter (Q3 FY26) earnings season gathers pace, alongside key macroeconomic data releases that could influence investor sentiment. Several mid- and small-cap companies will announce their quarterly results, while important economic indicators such as HSBC PMI readings and India’s First Advance Estimates of GDP for FY25 are also scheduled. Monday, January 5 The earnings season begins in earnest on Monday, with KSH International, CDG Petchem and Axita Cotton set to report their Q3 FY26 results.On the corporate action front, Orient Technologies will implement a 1:10 bonus issue, while Fairchem…

Even as the Indian stock market delivered double-digit gains in 2025 and extended its bull run to a tenth consecutive year, it significantly underperformed global and Asian peers, weighed down by persistent foreign outflows, a weakening rupee and concerns over a potential trade agreement with the United States. The underperformance also resulted in a shrinking share of India in global market capitalisation, as several Asian markets surged on the back of strong rallies in artificial intelligence and semiconductor-linked stocks. India’s Global Market Share Slips According to a report by domestic brokerage Motilal Oswal, India’s share of global market capitalisation stood…

Leading cement maker The Ramco Cements Limited has secured government approval from Andhra Pradesh to include quartzite mineral within its existing limestone mining lease at Kolimigundla in Nandyal district. The approval was received on January 3, 2026, and disclosed to the National Stock Exchange (NSE: RAMCOCEM) and BSE (Scrip Code: 500260) under SEBI Listing Regulations. The move is expected to support the company’s raw material strategy and future product flexibility for cement and related industrial applications. What the Approval Means The Andhra Pradesh government’s sanction permits Ramco Cements to extract quartzite mineral from its mining lease that currently holds limestone…

Public sector lender Bank of Baroda reported strong provisional business momentum for the quarter ended December 31, 2025 (Q3 FY26), with significant year-on-year growth in core balance sheet metrics. The bank’s update was filed with stock exchanges under SEBI disclosure norms. Key Provisional Numbers – Q3 FY26 MetricAs of 31 Dec 2025YoY GrowthGlobal Business₹28,90,661 crore+12.22%Global Advances₹13,43,912 crore+14.57%Global Deposits₹15,46,749 crore+10.25%Domestic Advances₹10,95,528 crore+13.54%Domestic Deposits₹13,07,189 crore+11.13%Domestic Retail Advances₹2,85,464 crore+17.30% Business Growth Driven by Loans and Deposits Bank of Baroda’s total global business — the sum of advances and deposits — expanded more than 12% year-on-year to ₹28.91 trillion, underscoring sustained credit demand and…

Indian Railway Finance Corporation (IRFC) has continued its strong performance streak, securing an ‘Excellent’ rating from the Department of Public Enterprises (DPE) for FY25. This marks the fifth consecutive year that the Navratna CPSE has received the highest performance grading since its stock market listing in FY21. The sustained recognition underscores IRFC’s robust governance framework, operational efficiency and financial discipline, even as it navigates evolving challenges and an expanded business mandate. During the year, IRFC strengthened and diversified its lending portfolio in line with the government’s whole-of-government approach, while remaining focused on railway-linked infrastructure financing. The company continued to provide…

Indian equity markets extended their weekly winning run for a second straight week, with 16 stocks from the Nifty 500 index posting double-digit gains, driven by a sharp rally in banking and metal stocks during Friday’s session. The Nifty 50 rose 1.10% for the week, marking its strongest weekly performance since early November, after surging 0.70% on Friday to hit a fresh all-time high of 26,340. The broader Nifty 500 climbed 1.35% over the week, its biggest weekly gain in nearly two months. Transformers & Rectifiers emerged as the top performer, jumping 16.6% to ₹336.4, sharply rebounding from its December…

After confirming the capture of Venezuelan President Nicolás Maduro, US President Donald Trump pointed to what he views as the ultimate prize: Venezuela’s vast oil wealth. With American backing, Trump said, the country’s oil industry could be revived to “make a lot of money,” predicting that US companies would repair damaged infrastructure and restore production, according to The New York Times. Energy experts, however, warn that the reality is far more complex. World’s largest reserves, tiny output Venezuela claims over 300 billion barrels of proven oil reserves, the largest in the world. Yet the country currently produces around one million…

CIEL HR Services, a technology-led human resources solutions provider, has raised ₹30 crore from 88 investors through a pre-IPO placement, ahead of its proposed initial public offering. The Chennai-based company said it allotted 27,27,272 equity shares at ₹110 per share, aggregating to ₹30 crore. The fundraise was approved by the board on November 17 and subsequently cleared by shareholders at an extraordinary general meeting on November 28. Key investors The pre-IPO round saw participation from several prominent investors, including Zoho Corporation, Pegasus India Evolving Opportunities Fund, and Standard Fireworks. Other allottees include Rajashekar Reddy Seelam, founder of 24 Mantra Organic;…

State-owned Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, has filed its Red Herring Prospectus (RHP) with the Registrar of Companies for its Initial Public Offering (IPO), which is scheduled to open on January 9, 2026. This will be the first mainboard IPO of the new calendar year. The IPO will be a pure offer-for-sale (OFS) of 46.57 crore equity shares by promoter Coal India, with no fresh issue component. As a result, the company will not receive any proceeds from the offer, and the entire amount will go to the selling shareholder. According to the RHP filed…