Author: Legal Parivar

BDO India, the transactions auditor, has identified three potentially fraudulent or wrongful transactions worth ₹63.34 crore under the former management of Hindusthan National Glass & Industries Ltd (HNG) during FY 2019-20 to 2021-22. The entities reportedly involved are: 🔹 Auditor Observations The forensic review was conducted as part of the Corporate Insolvency Resolution Process (CIRP) of HNG, previously India’s largest glass container manufacturer. 🔹 Resolution Process 🔹 Key Details of the Resolution Plan After a 45-day monitoring phase, complete control of HNG will transfer to the Madhvani Group, with a new board nominated by the Group taking charge.

The combined market capitalisation of 8 out of the top 10 most valued Indian companies fell by ₹2,24,630.45 crore last week. Reliance Industries and HDFC Bank experienced the steepest losses, reflecting bearish sentiment in the equity markets. The BSE benchmark index dropped 1,497.2 points (1.84%) during the same period. 🔹 Market Cap Changes – Top 10 Firms 📉 Top Losers CompanyMarket Cap Loss (₹ Cr)New Market Cap (₹ Cr)Reliance Industries70,707.1718,36,424.20HDFC Bank47,482.4914,60,863.90ICICI Bank27,135.239,98,290.96Bharti Airtel24,946.7110,77,213.23LIC23,655.495,39,047.93State Bank of India12,692.107,40,618.60Bajaj Finance10,471.085,45,490.31Infosys7,540.186,10,463.94 📈 Top Gainers CompanyMarket Cap Gain (₹ Cr)New Market Cap (₹ Cr)TCS11,125.6211,15,962.91Hindustan Unilever (HUL)7,318.986,24,991.28 🔹 Ranking of Most Valued Companies (by Market Cap)…

After a strong August with 40 IPOs hitting the markets, September 2025 is set to continue the momentum. Investors can look forward to 8 fresh IPOs opening for subscription in the first week and 13 new listings across NSE, BSE, and SME platforms. 🔹 IPOs Opening for Subscription (September 2025 – Week 1) CompanySubscription DatesPrice Band (₹)SegmentAmanta HealthcareSep 1 – Sep 3120 – 126MainboardRachit PrintsSep 1 – Sep 3140 – 149MainboardGoel ConstructionSep 2 – Sep 4249 – 262MainboardOptivalue Tek ConsultingSep 2 – Sep 480 – 84SMEAustere SystemsSep 3 – Sep 852 – 55SMEVigor PlastSep 4 – Sep 977 – 81SMESharvaya…

Prime Minister Narendra Modi met Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit 2025 in Tianjin. This was Modi’s first visit to China in seven years, signaling efforts to normalize relations after years of border tensions and strained ties. During the talks, Modi emphasized trust, respect, and sensitivity as the foundation for India-China relations. Here are the top five statements from his bilateral meeting with Xi Jinping. 1. On Past Discussions and Border Stability “Last year in Kazan, we had very fruitful discussions which gave a positive direction to our relations. After the disengagement…

Prime Minister Narendra Modi met Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO Summit) in Tianjin, marking his first visit to China since 2018. Modi emphasized that India-China relations must be built on the foundations of trust, respect, and sensitivity, reaffirming New Delhi’s commitment to advancing ties in a constructive and balanced manner. Key Takeaways from the Meeting National Security Advisor Ajit Doval and Foreign Secretary Vikram Misri were present, underscoring the strategic weight of the meeting. The two leaders shook hands ahead of talks, signaling a positive reset in relations. Geopolitical Context About SCO…

From September 2025, several important financial rules and deadlines will come into effect that could directly impact both individuals and businesses. These include changes in income tax filing deadlines, pension options, silver hallmarking, SBI credit card benefits, and fixed deposit schemes. Staying updated on these money rules will help you avoid penalties and make smarter financial decisions. 1. ITR Filing Deadline Extended to September 15, 2025 The Income Tax Department (CBDT) has extended the last date to file income tax returns (ITR) for FY 2024-25 from July 31, 2025, to September 15, 2025. 2. Unified Pension Scheme (UPS) Deadline –…

The National Stock Exchange (NSE) has updated the quantity freeze limits for index derivatives, effective September 1, 2025, as per a circular issued on August 29. Key changes: The revision increases permissible order size for Bank Nifty futures and options, while limits for other indices remain the same. Why it matters:Quantity freeze limits prevent erroneous or abnormally large trades, reducing the risk of “fat finger” errors and ensuring smoother market operations. NSE has advised all trading members to update their systems with revised contract details, available on the exchange’s extranet and official website. All index derivative trades will adhere to…

Mumbai-based structural engineering and fabrication company Karbonsteel Engineering will launch its ₹59.3 crore initial public offering (IPO) on September 8, 2025, with a price band of ₹151–159 per share. The IPO will close on September 10, while the anchor book for institutional investors will open on September 4. The allotment will be finalized on September 11, and the company’s shares will list on the BSE SME platform on September 15. The issue comprises a fresh issue of 30.39 lakh shares and an offer-for-sale (OFS) of 6.9 lakh shares by promoters Shrenik Kirit Shah (4.14 lakh shares) and Mittal Shrenik Shah…

Torrent Power on Saturday announced that it has received a Letter of Award (LoA) from MP Power Management Company Ltd (MPPMCL) for the supply of power from its upcoming 1,600 MW coal-based power plant in Madhya Pradesh. The LoA, awarded through a competitive bidding process, finalised the tariff at ₹5.829 per kWh, the company said in a statement. Largest-Ever Investment by Torrent Group The ₹22,000 crore greenfield project will be the Torrent Group’s single-largest investment in the power sector. The company plans to set up a 2×800 MW Ultra-Supercritical power plant in Madhya Pradesh, with coal supplied under the Ministry…

Prime Minister Narendra Modi reached China on Saturday for the Shanghai Cooperation Organisation (SCO) summit, marking his first visit to the country in seven years. The summit will be held in Tianjin on August 31–September 1. A key highlight of the trip will be Modi’s bilateral meeting with Chinese President Xi Jinping, where the two leaders are expected to review India-China economic relations and discuss ways to stabilize ties strained by the eastern Ladakh border dispute. Modi will also hold talks with Russian President Vladimir Putin and other world leaders on the sidelines of the summit. In his departure statement,…