Author: Legal Parivar

Asian Markets Asian equities opened lower on Wednesday, mirroring overnight weakness on Wall Street as investors assessed Japan’s latest trade data. Japan’s Nikkei 225 dropped 1.32% and the Topix slipped 0.31%. South Korea’s Kospi fell 1.26%, while the Kosdaq lost 1.77%. Futures for Hong Kong’s Hang Seng Index also pointed to a weaker start. Gift Nifty Gift Nifty traded around the 24,963 mark, nearly 70 points below the previous close of Nifty futures, signaling a subdued opening for Indian benchmark indices. Wall Street US markets ended lower on Tuesday, dragged down by technology stocks. The Dow Jones Industrial Average was…

The India Meteorological Department (IMD) has issued a heavy rainfall warning for Mumbai over the next 24 hours. The city has been witnessing continuous downpours since Saturday, disrupting daily life and causing waterlogging in several areas. As per the IMD’s weekly forecast, Mumbai is likely to experience heavy rainfall until August 21 (Thursday), with showers expected to continue through the week. Are offices closed in Mumbai today? Despite the alert, the Brihanmumbai Municipal Corporation (BMC) has not announced any office closures. Workplaces and businesses are expected to function as usual unless further notifications are issued. Why is Mumbai receiving heavy…

Aurobindo Pharma has emerged as the leading contender to acquire Prague-based generic drugmaker Zentiva from Advent International in a deal valued at $5–5.5 billion (₹43,500–47,900 crore), according to people familiar with the matter. If finalized, this would mark the largest-ever acquisition by an Indian pharmaceutical company, surpassing Ranbaxy’s $3.2 billion sale to Daiichi Sankyo in 2014 and Biocon Biologics’ $3.3 billion takeover of Viatris’ biosimilars business. The Hyderabad-based drugmaker is competing with US private equity firm GTCR, with both parties locked in final-stage negotiations. Sources indicate that binding offers have already been submitted, with a formal announcement expected within weeks.…

The Narendra Modi-led Union government on Tuesday introduced three key bills in the Lok Sabha that propose the removal of the Prime Minister, Union ministers, chief ministers, and state or Union Territory ministers if they are arrested and detained for 30 consecutive days on serious criminal charges. The Three Bills Introduced As per the List of Government Business (August 20–21), the following bills were tabled: Union Home Minister Amit Shah also moved a motion to refer the bills to a joint committee of Parliament for further examination. Key Provisions Currently, there is no legal bar preventing ministers or chief ministers…

Regaal Resources Ltd, a maize specialty products manufacturer, is set to debut on the Indian stock market today, August 20, 2025, after receiving robust investor demand for its initial public offering (IPO). The IPO, which was open between August 12 and 14, was oversubscribed 159.88 times in total. The retail portion saw 57.75 times subscription, non-institutional investors (NIIs) subscribed 356.73 times, and qualified institutional buyers (QIBs) subscribed 190.97 times. Allotment was finalized on August 18. As per the BSE notice, equity shares of Regaal Resources will be listed under the “B” group of securities on both BSE and NSE, with…

The Indian equity market extended its rally on Tuesday, supported by heavyweight stocks like Reliance Industries and Bharti Airtel, along with optimism over possible GST reforms and positive signals from Russia-Ukraine peace talks. The S&P BSE Sensex gained 370.64 points (0.46%) to close at 81,644.39, while the NSE Nifty 50 added 103.70 points (0.42%) to settle at 24,980.65, just short of the 25,000 mark. Both indices had climbed nearly 1% in the previous session. Market sentiment was buoyed by expectations of tax rationalisation and an improved outlook for India’s credit rating. Hopes of easing geopolitical tensions also contributed to the…

Uttar Pradesh-based potato flakes manufacturer Shivashrit Foods is set to launch its maiden public issue on August 22, with subscriptions open until August 26. The anchor book for institutional investors will open a day earlier on August 21. The IPO price band has been fixed at ₹135–142 per share, through which the company aims to raise up to ₹70.03 crore by offering 49.32 lakh shares. The issue comprises a fresh issue of 43.16 lakh shares and an offer-for-sale of 6.16 lakh shares by the promoter. Proceeds from the fresh issue will be allocated towards an expansion project (₹26.3 crore), working…

Here’s a quick look at major developments, quarterly earnings, investments, deals, and other updates that could keep certain stocks in focus in today’s trade (August 20).Results Today Quarterly Earnings Updates Aditya Infotech (Q1 Consolidated, YoY): GNG Electronics (Q1 Consolidated, YoY): Stocks to Watch New Listings Corporate Actions F&O Ban List Disclaimer: This report is for informational purposes only and is not investment advice. Stock market investments are subject to risks. Please consult a certified financial advisor before making any investment decisions.

President Donald Trump’s decision to raise tariffs on India was aimed at intensifying pressure on Russia to end its war in Ukraine, White House Press Secretary Karoline Leavitt said on Tuesday. The move effectively doubles India’s tariff burden to 50%, with Trump adding an extra 25% levy on top of the existing duty. According to Leavitt, the decision was part of a broader U.S. strategy to exert “secondary pressure” on Moscow. “President Trump has put tremendous public pressure to bring this war to a close,” Leavitt told reporters. “He’s imposed sanctions on India and taken other actions as well. He’s…

Pritzker Private Capital (PPC), the investment firm founded by billionaire Illinois Governor JB Pritzker and his brother Tony Pritzker, has closed its fourth fund at a record $3.4 billion, surpassing the initial $3 billion target. According to the company’s statement on Tuesday, around 17% of the capital came from firm members and related entities, while the rest was contributed by families and institutional investors across North America, Asia, Europe, and Latin America. The new fund has already made three investments. The fundraising marks one of the largest by a Chicago-based private equity firm in recent times. Last year, Shore Capital…