Author: Legal Parivar

The Securities and Exchange Board of India (Sebi) has extended compliance deadlines and revised reporting requirements for investment advisors (IAs) and research analysts (RAs) under its recently introduced framework on digital accessibility. The move comes less than a month after Sebi mandated that all regulated entities align their digital platforms with the Rights of Persons with Disabilities Act, 2016 and associated rules. Key Extensions Announced by Sebi According to Sebi’s circular issued on Friday: Reporting Realignment Sebi has also clarified and realigned compliance reporting obligations: Industry Impact The July 31 framework had set out a phased roadmap requiring entities to:…

Abakkus Asset Manager has received final approval from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations under the brand Abakkus Mutual Fund. Founded in 2018 by veteran fund manager Sunil Singhania, Abakkus has so far focused on Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), managing assets worth about ₹37,900 crore as of July 31, 2025. With the mutual fund licence, Abakkus plans to extend its equity-centric investment strategy to a broader retail investor base. “This is a pivotal moment for Abakkus. Our goal is to bring the same rigor, discipline, and alpha-generating…

Reliance Industries Ltd. (RIL) will more than double its earnings before interest, tax, depreciation and amortisation (EBITDA) by the end of its “Golden Decade” in 2027, Chairman Mukesh Ambani told shareholders at the company’s 48th Annual General Meeting (AGM) on August 29. Unveiling the group’s “Value Creation Roadmap”, Ambani said Reliance will focus on strengthening core businesses while building new growth engines to ensure long-term, sustainable value creation. “Back in 2022, I promised that we would double Reliance by the end of our Golden Decade. At that time, our EBITDA stood at about ₹1.25 lakh crore ($14.6 billion). I reiterate…

Mangal Electrical Industries shares made a muted debut on Thursday, listing at ₹556 on NSE, down 0.89% from its IPO price of ₹561. On BSE, the stock listed at ₹558, a 0.5% discount to the issue price. The ₹400-crore IPO witnessed strong investor demand, closing with an overall subscription of 9.95 times. Breaking it down: IPO Details Book-running lead manager: Systematix Corporate Services LtdRegistrar: Bigshare Services Pvt. Ltd About Mangal Electrical Industries Incorporated in 2008 and converted into a public limited company in 2024, the Jaipur-based company manufactures transformer components, complete transformers, and EPC substation solutions. Its product portfolio includes…

Shares of Indian textile and shrimp companies dropped in trade on Thursday after the US raised tariffs on Indian imports to 50%, affecting export-oriented sectors significantly. The additional 25% tariff, signed by US President Donald Trump, took effect on August 27, but markets were closed for Ganesh Chaturthi, so the impact became visible in today’s session. Textile Stocks Impacted: The 50% tariff is far higher than that applied to India’s Asian peers, with Bangladesh and Vietnam paying only 20%, intensifying pressure on Indian exporters. Shrimp Industry Impact: The US was the top importer of Indian frozen shrimp in 2024-25, with…

Benchmark indices Sensex and Nifty opened lower on Thursday, extending losses for a second consecutive session amid the impact of US tariffs on Indian exports. Key Market Movers Technical View The IT and banking sectors were the biggest drags, while mid and small-cap stocks followed weaker trends.Disclaimer: The information provided is for general market awareness and news purposes only. Readers should consult certified financial advisors before making any investment decisions.

The Central Government has extended the import duty exemption on cotton until 31st December 2025, pushing the previous deadline of 30th September 2025, according to a Ministry of Finance statement. The move aims to ensure better availability of cotton for the Indian textile sector and provide additional support to exporters. “To augment availability of cotton for the Indian textile sector, the Central Government had temporarily exempted import duty on cotton from 19th August 2025 till 30th September 2025. In order to support exporters further, the exemption is now extended till 31st December 2025,” the statement said.

Small-cap stock Jaiprakash Power Ventures (JP Power) surged 5% to hit the upper price band of ₹18.96 in intraday trading on Thursday. The rally follows the company’s announcement to set up a solar power project in Madhya Pradesh with an estimated investment of ₹300 crore. Investors reacted positively to the company’s move into renewable energy, boosting market sentiment for the stock.

Textile stocks in India tumbled on Thursday as the additional 25% US tariffs on Indian imports came into effect, hitting export-oriented companies the hardest. Major movers included: All these stocks fell over 2% in early trade. The tariffs, signed by US President Donald Trump, raised total duties on Indian goods, including textiles and apparel, to 50%, effective August 27, 2025. Exporters are now bracing for the impact on shipments to the US.

The Indian stock market saw sharp losses in early trade on Thursday after a new round of US tariffs raised duties on Indian exports to 50%. Key Factors Behind the Market Sell-Off US Treasury Secretary Scott Bessent noted that both countries are expected to seek a solution to the tariff issue, which may influence market direction in the coming days.