Author: Legal Parivar

Real estate developer Sobha Limited on Saturday reported its highest-ever quarterly real estate sales for the quarter ended December 31, 2025 (Q3 FY26), driven by strong demand across key markets and new project launches. The company recorded total sales value of ₹21.15 billion (₹2,115 crore) during the quarter, marking a 52.3% year-on-year growth and an 11.2% increase sequentially. Sobha’s share of sales stood at a record ₹18.18 billion, accounting for nearly 86% of total sales value. Strong performance across cities Sobha sold 1.37 million sq ft during the quarter at an average price realisation of ₹15,436 per sq ft. Bengaluru…

Vedanta Limited on Saturday announced its production results for the third quarter and nine months ended December 31, 2025, reporting record output across key metals, led by aluminium, alumina and zinc operations. Aluminium and Alumina hit record levels Vedanta posted record quarterly alumina production of 794 kilo tonnes (kt) in Q3 FY26, a sharp 57% year-on-year (YoY) increase, driven by the commissioning of Train II at the Lanjigarh refinery. Alumina production for the nine-month period rose 32% YoY to 2,034 kt, the highest ever for the company. Total aluminium production stood at 620 kt during the quarter, up 1% YoY,…

Suryoday Small Finance Bank Limited (NSE: SURYODAY) today released its Quarterly Business Update for the third quarter of fiscal 2025–26 (Q3 FY26), showing continued expansion in business volumes and stable asset quality on a year-over-year (YoY) and quarter-over-quarter (QoQ) basis. Loan and Deposit Growth Accelerates According to the update, the bank recorded strong growth in its loan book, with Gross Advances rising to ₹11,810 crore in Q3 FY26, up 23% YoY and 6% QoQ from ₹11,124 crore in Q2 FY26. Disbursements for the quarter jumped sharply to ₹2,698 crore, representing an 84% increase YoY and 11% QoQ. Suryoday also reported…

The United States on Saturday carried out a military strike on Venezuela and captured President Nicolás Maduro, who was subsequently taken out of the country, according to a statement by US President Donald Trump. Venezuela’s government said the attacks targeted the capital Caracas as well as the states of Miranda, Aragua, and La Guaira. Residents in Caracas reported hearing at least seven explosions, while low-flying aircraft were heard around 2 am local time. The strike follows long-standing US allegations that President Maduro has turned Venezuela into a “narco-state” and manipulated electoral processes. Maduro, who assumed power in 2013 following the…

Zomato CEO Deepinder Goyal has shared a detailed fact sheet outlining the average income of the company’s delivery partners, following a public exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The disclosure comes after Rathee questioned Zomato’s pay practices and demanded greater transparency regarding gig workers’ earnings. In response, Goyal released data highlighting average hourly and monthly earnings of delivery partners, amid ongoing discussions on gig worker pay and working conditions. According to the fact sheet, the average earnings per hour (EPH) in 2025, excluding tips, for a Zomato delivery partner stood at ₹102, up from ₹92 in…

Adani Enterprises, is set to open its third Non-Convertible Debenture (NCD) issue next week, targeting ₹1,000 crore from public investors, according to an exchange filing. This follows a successful second NCD round in July 2025, where the company also raised ₹1,000 crore. “This third NCD issuance marks another step in our journey to broaden access to India’s capital markets and give retail investors a stake in long-term infrastructure growth,” said Jugeshinder ‘Robbie’ Singh, Group CFO of Adani Group. What Are Adani Enterprises NCDs? NCDs are debt instruments allowing companies to raise funds from the public by offering a fixed interest…

Smartphone components take centre stage in latest approvals The central government on Friday approved 22 projects worth ₹41,863 crore under the Electronics Components Manufacturing Scheme (ECMS), with mobile phone enclosures emerging as the largest investment focus. Tata Electronics, Motherson Group and Foxconn’s India arm Yuzhan Technology were among the key beneficiaries of the latest tranche. The approved projects are expected to generate production worth ₹2.58 lakh crore and create nearly 33,800 direct jobs, reinforcing India’s push to strengthen domestic electronics manufacturing. Mobile enclosures attract over ₹27,000 crore investment Mobile phone enclosures alone accounted for more than ₹27,000 crore of the…

India’s primary market pipeline continued to expand as eight companies received approval from the Securities and Exchange Board of India (SEBI) this week to proceed with their initial public offerings (IPOs). Among those cleared are Indira IVF, Rays of Belief, Tempsens Instruments and Jerai Fitness, alongside Chartered Speed, Glass Wall Systems (India), Shriram Food Industry and RKCPL. SEBI issued its observations on the draft offer documents across multiple dates. Indira IVF and Rays of Belief received observations on their pre-filed draft red herring prospectuses (DRHPs), submitted through SEBI’s confidential filing route, on December 30 and 31 respectively. Tempsens Instruments received…

The compensation and working conditions of gig workers in India have once again become a hot topic following a high-profile exchange on X (formerly Twitter) between Zomato CEO Deepinder Goyal and popular YouTuber Dhruv Rathee. The debate started when Goyal defended the current pay structure of gig workers, arguing that wages are dictated by market forces. He highlighted that competition between quick-commerce platforms is “brutal” and that, at present, the demand for delivery partners exceeds supply, pushing gig incomes higher than many entry-level formal jobs in India. “Everyone who has a job wants to get paid more. But the demand…

For years, marrying a US citizen was widely viewed as one of the most reliable paths to securing a Green Card. That assumption is increasingly outdated. Immigration lawyers now caution that marriage alone is no longer sufficient to obtain permanent residency in the United States. What matters most today is whether the marriage appears genuine in daily life. “Being in a relationship doesn’t get you a Green Card. Living together does,” said Brad Bernstein, a US immigration attorney with more than three decades of experience. Under US immigration law, spouses of American citizens are classified as “immediate relatives” and are…