Author: Legal Parivar

Indian Oil Corporation (IOC), the country’s largest state-owned refiner, reported a significant turnaround in its financial performance for the second quarter of FY26. The Maharatna PSU posted a consolidated net profit of ₹8,190.86 crore, marking a sharp recovery from a loss of ₹448.78 crore in the same quarter last year. Financial Performance Overview For the quarter ended September 2025, IOC’s revenue from operations stood at ₹2,06,447 crore, reflecting a 3.94% year-on-year (YoY) growth compared to ₹1,98,615 crore in Q2 FY25. The improvement was primarily driven by strong refining margins, stable crude prices, and steady fuel demand recovery in India. On…

SRF Limited, a leading player in India’s chemical manufacturing industry, has reported robust financial results for the second quarter and first half of FY26, showcasing impressive growth across key business segments despite a challenging global environment. Q2 FY26 Highlights For the quarter ended September 2025, SRF Limited’s consolidated revenue rose 6% year-on-year to ₹3,640 crore, compared to ₹3,424 crore in the same period last year. The company’s EBIT jumped 56% to ₹650 crore from ₹417 crore, while Profit After Tax (PAT) surged 93%, reaching ₹388 crore versus ₹201 crore a year earlier. The strong performance was primarily driven by the…

The shares of Dr Lal PathLabs Ltd climbed more than 3 percent on October 27, after the diagnostics company announced that its board of directors will meet on October 31 to consider a bonus issue of shares. The stock closed at ₹3,141.75 per share on the NSE, after touching an intraday high of ₹3,194, marking a rise of nearly 5 percent earlier in the day. Board to Discuss Bonus Shares and Dividend In an exchange filing post market hours on October 24, Dr Lal PathLabs informed that the upcoming board meeting will also review and approve the unaudited standalone and…

India is considering allowing foreign investors to hold up to 49% equity in state-run banks, more than double the current 20% cap, in a move aimed at attracting overseas capital and aligning public sector banking rules with those of private lenders, according to a person familiar with the discussions. The proposal, currently under review by the Finance Ministry and the Reserve Bank of India (RBI), is part of the government’s broader effort to modernize the banking sector and bolster funding availability. However, the plan is still at a preliminary stage and has not been finalized. Foreign investor interest in India’s…

The Securities and Exchange Board of India (SEBI) has proposed a major relaxation in compliance norms for companies with large outstanding debts by raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) from the current ₹1,000 crore to ₹5,000 crore. According to SEBI’s consultation paper released on Monday, this move would reduce the number of HVDLEs from 137 to just 48, effectively cutting down nearly 64% of companies currently falling under the category. The objective, SEBI said, is to reduce compliance costs and enhance the ease of doing business. 📘 Background The corporate governance framework for HVDLEs was…

The Election Commission of India (ECI) announced on Monday that following Bihar, a Special Intensive Revision (SIR) of electoral rolls will now be conducted across 12 additional states and Union Territories beginning tomorrow. 🗳️ States and UTs Covered Under SIR The revision exercise will take place in:Andaman & Nicobar Islands, Chhattisgarh, Gujarat, Kerala, Lakshadweep, Madhya Pradesh, Puducherry, Rajasthan, Tamil Nadu, Uttar Pradesh, and West Bengal. Among these, West Bengal, Kerala, Tamil Nadu, and Puducherry are scheduled to hold assembly elections in 2026. Interestingly, Assam, which also goes to polls next year, has not been included in the list. 🔍 Purpose…

Pakistan’s crypto boom has spiraled into a full-blown crisis, transforming into a haven for fraudsters while regulators struggle to respond. Despite being ranked third globally in cryptocurrency adoption, the country lacks the legal safeguards, trust infrastructure, and enforcement mechanisms necessary to protect investors. As the crypto craze deepens, countless Pakistanis — from professionals to influencers — have fallen victim to scams. For a nation already battling severe economic headwinds, the crypto chaos underscores deeper problems in governance, transparency, and institutional accountability. Crypto Craze Meets Weak Oversight Pakistan’s enthusiasm for digital assets has grown rapidly, but it comes with heavy risks.…

Maharashtra-based PN Gadgil Jewellers reported a stellar 74% year-on-year (YoY) growth in festive season sales, driven largely by soaring gold demand amid rising prices. The jeweller achieved total festive sales of ₹606 crore, with Dhanteras marking an all-time high single-day sale of ₹277 crore — a 105% jump compared to last year. Gold Leads the Festive Rally Gold remained the key growth driver, recording a 74% YoY rise in revenue, while silver jewellery sales surged 90% and diamond jewellery grew 54% during the same period. In terms of volume, PN Gadgil sold 390 kg of gold this Diwali season, reflecting…

Shares of Shriram Properties surged nearly 6 percent on Monday after the company announced the signing of a joint development agreement (JDA) for a 7-acre land parcel in North Bengaluru. This forms part of a larger 15-acre project, aimed at developing a premium row house community in one of the city’s most sought-after locations. During intraday trade, the stock touched a high of ₹93.25 per share, before settling 2 percent higher at ₹89.60 apiece on the NSE. In its exchange filing, the company said the proposed development will have a gross development value (GDV) of around ₹600 crore. Designed to…

IT services major LTIMindtree announced on Monday that it has signed a multi-year contract worth over $100 million with a US-headquartered global manufacturer of chemicals and polymers. Under the agreement, LTIMindtree will deliver a comprehensive suite of IT services, including core business applications, infrastructure operations, end-user support, software asset governance, and project execution. The engagement focuses on driving operational efficiency through AI, automation, and process optimization, while helping the client achieve cost reduction, vendor consolidation, and sustained digital innovation as part of its long-term transformation roadmap. “This win reinforces LTIMindtree’s position as a trusted transformation partner focused on AI-centric growth…