Author: Legal Parivar

Overview Launched in 2016, the Startup India Scheme is a flagship initiative of the Government of India designed to foster entrepreneurship, innovation, and job creation. The program aims to transform India into a global startup hub by simplifying regulatory procedures, offering tax benefits, and improving access to funding for emerging businesses. By promoting innovation and reducing compliance burdens, the scheme supports a sustainable ecosystem where new businesses can grow and contribute to India’s economic development. Eligibility Criteria for Startups To qualify under the Startup India Initiative, a company must meet the following criteria: Funding Support and Financial Assistance The government…

Raja Ram Singh, Member of Parliament (Lok Sabha) and a member of the Standing Committee on Labour, Textiles and Skill Development, has called for urgent government intervention to stop what he described as “illegal layoffs” across Tata Consultancy Services (TCS) and the wider Indian IT/ITES sector. In a letter dated October 1, 2025, addressed to Mansukh Mandaviya, Minister of Labour and Employment, and Ashwini Vaishnaw, Minister of Electronics and Information Technology, Singh raised serious concerns over large-scale retrenchments taking place in violation of labour laws. Earlier reports indicated that TCS planned to terminate over 12,000 employees, though Singh claimed the…

Domestic equity markets staged a strong rebound on Monday, with both benchmark indices ending higher after early volatility. Buying in metal and banking stocks helped lift sentiment and reverse initial losses. The Sensex gained 223 points (0.28%) to close above 81,200, while the Nifty 50 added 57 points (0.23%) to end near 24,894. The recovery was led by major metal players such as Tata Steel, Hindalco, and JSW Steel, along with financial heavyweights including Kotak Mahindra Bank and Axis Bank. The broader market also saw support from renewed investor confidence following the Monetary Policy Committee’s (MPC) recent policy decision, which…

Foreign portfolio investors (FPIs) continued to offload Indian equities in September, pulling out ₹23,885 crore (around USD 2.7 billion) and taking the year-to-date net outflow to ₹1.58 lakh crore (USD 17.6 billion), according to data from depositories. This marks the third straight month of withdrawals, following heavy outflows of ₹34,990 crore in August and ₹17,700 crore in July. The selling pressure was triggered by multiple global and domestic headwinds, including steep US tariff hikes of up to 50% on Indian goods and a one-time USD 100,000 H-1B visa fee, which dampened sentiment toward export-oriented sectors such as IT. The rupee’s…

Bitcoin surged to a record high of $125,689 on Sunday in Asian trading, surpassing its previous peak of $124,514 set on August 14, as a broader risk-on rally fueled by the US government shutdown boosted demand for the world’s largest cryptocurrency. The rally coincided with gains in US equities and renewed inflows into Bitcoin-linked exchange-traded funds (ETFs). Investors are betting that the shutdown will prompt a flight to so-called safe-haven assets, driving what traders have dubbed the “debasement trade.” “With many assets — including equities, gold, and even collectibles like Pokémon cards — hitting all-time highs, it’s no surprise Bitcoin…

The Department of Consumer Affairs has launched an investigation into e-commerce platforms accused of levying extra charges under misleading names, a practice the government has classified as a “dark pattern” designed to deceive consumers. Union Minister for Consumer Affairs, Food and Public Distribution, and New and Renewable Energy Pralhad Joshi revealed on X (formerly Twitter) that multiple complaints have been received regarding e-commerce platforms charging extra for Cash-on-Delivery and other hidden fees. “The Department of Consumer Affairs has received complaints against e-commerce platforms charging extra for Cash-on-Delivery, a practice classified as a dark pattern that misleads and exploits consumers. A…

The National Stock Exchange (NSE) has announced a revision in the lot sizes—the minimum number of shares per futures or options (F&O) contract—for four major indices, effective October 28, 2025, according to its latest circular. Under the revised framework, the Nifty 50 lot size will be reduced from 75 to 65, while the Nifty Bank lot size will drop from 35 to 30. Similarly, the Nifty Financial Services index lot size has been revised from 65 to 60, and the Nifty Mid Select index from 140 to 120. The Nifty Next 50 index lot size remains unchanged. Traders can continue…

Anil Agarwal-led Vedanta Ltd has extended the deadline for completing its long-awaited demerger to March 31, 2026, citing delays in receiving approvals from the National Company Law Tribunal (NCLT) and various government authorities. In a regulatory filing, the company said, “Given that the conditions precedent in the Scheme, including approval of the NCLT, Mumbai Bench, and clearances from certain government authorities, are still in progress, the board of the company and the resulting entities have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026.” This marks the second extension, as…

A video showing a Russian cargo plane flying unusually low over high-rise apartments in a Moscow suburb amid Ukrainian drone attacks has gone viral. According to BBC, Russian media reported multiple drone alerts that led to halted flights and the temporary closure of Sheremetyevo Airport, located north of Moscow. Verified footage shows an Antonov AN-124 Ruslan cargo plane flying east, away from Vnukovo International Airport, about 6 km (3.7 miles) west of the city. The Antonov-124 is a massive aircraft, measuring 226 feet in length, with a wingspan of 240 feet and a weight of 450 tons. Reports from Express…

On September 23, the Nifty 50 remained in negative territory for the third consecutive session, slipping 0.1%. The index, however, held above its short-term moving averages (10-day and 20-day EMAs), key levels that indicate near-term support. Momentum indicators suggest a period of sideways action, with the Nifty expected to trade within the 25,000–25,500 range in the near term. A decisive break below 25,000 may intensify selling pressure, while a move above 25,500 could open the door for a rally toward 25,700. Key Levels – Nifty 50 (25,170) The index formed a small bearish candle with upper and lower shadows, indicating…