Author: Legal Parivar

Banks in select cities of India will remain closed on Thursday, August 28, 2025, in observance of Nuakhai and the second day of Ganesh Chaturthi, according to the Reserve Bank of India (RBI) region-wise holiday calendar. Banks in other parts of the country will remain open. The RBI holiday calendar, published under the Negotiable Instruments Act, governs the closure of banks for national, regional, and religious holidays. On such days, cheque and promissory note transactions are not processed. Region-Wise Observance Banking Transactions During Holidays Even on bank holidays, customers can continue to use: Digital banking ensures that transactions remain uninterrupted…

The Indian rupee opened 17 paise stronger at 87.51 per US dollar on Thursday, compared with the previous close of 87.68. The recovery comes on likely intervention and support from the Reserve Bank of India (RBI), even as fresh US tariffs on Indian goods took effect. The United States has imposed an additional 25% tariff on Indian imports, starting August 27, 2025, following a directive from President Donald Trump. According to the Department of Homeland Security, the higher duties apply to products “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on August 27.”…

The Vikran Engineering IPO saw a strong response on its opening day, with an overall subscription of 2.38 times. The IPO, open from August 26 to August 29, has a price band of ₹92–₹97 per share. The offering comprises a fresh issue of shares worth around ₹721 crore and an offer-for-sale (OFS) of ₹51 crore by the promoter. As per market observers, the grey market premium (GMP) today stands at +13, indicating a positive sentiment among investors. Fund Utilization About Vikran Engineering Headquartered in Mumbai, Vikran Engineering is a fast-growing EPC player specializing in infrastructure projects. The company offers end-to-end…

India’s domestic air passenger traffic declined 2.94% year-on-year to 1.26 crore flyers in July 2025, according to data from the Directorate General of Civil Aviation (DGCA). This compares with 1.29 crore passengers carried in July 2024. The decline comes against the backdrop of the Air India Ahmedabad–London Gatwick plane crash on June 12, which killed 260 people, raising safety concerns and prompting operational checks. Airline Market Share Highlights (July 2025) Load Factor & On-Time Performance

InterGlobe Aviation, the parent of budget airline IndiGo, will be in focus on Thursday as the Rakesh Gangwal family is set to pare its stake through block deals worth about ₹7,020 crore. According to a CNBC Awaaz report, the family intends to sell up to 3.1% stake in the company at a floor price of ₹5,808 per share, about 4% lower than the previous session’s close. The deal is expected to be executed on August 28. This marks another step in the Gangwal family’s gradual exit from the airline. Since Rakesh Gangwal’s resignation from the board in February 2022, the…

Here’s a quick wrap of stocks in focus for today’s trade (August 28, 2025):📊 Results Today 🔑 Stocks to Watch 💰 Bulk & Block Deals 🆕 IPO & Listing 📅 Corporate Actions 📌 F&O Ban List Out of ban: Titagarh Rail Systems. In ban: RBL Bank.Disclaimer: This article is for informational purposes only and not investment advice. Readers are advised to consult their financial advisor before making any investment decisions.

Online social gaming company Zupee on Wednesday announced that it has achieved full compliance with the Promotion and Regulation of Online Gaming Act, 2025, reaffirming its commitment to operating within India’s legal framework. The company stated that it has already implemented all provisions outlined in the Act and will not challenge the law in courts. As part of compliance, Zupee has discontinued all paid game formats and stopped accepting new deposits. Existing users are being advised to withdraw their balances, which remain fully accessible. Company Statement “We fully respect the legislative process and remain committed to innovating within the framework…

Tata Steel on Tuesday announced that it has invested ₹3,100 crore in its wholly owned foreign subsidiary T Steel Holdings Pte. Ltd. (TSHP), based in Singapore. The company acquired 353.23 crore equity shares of face value USD 0.1005 each, aggregating to USD 355 million (₹3,104.03 crore) through subscription of new equity shares. “Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company,” Tata Steel said in its stock exchange filing. The fund infusion is part of Tata Steel’s plan to strengthen its overseas operations. Stock Market Impact The announcement came post-market hours on August…

Aluminium products manufacturer Sharvaya Metals Ltd is set to launch its initial public offering (IPO) on September 4, 2025, with a price band of ₹192-196 per share. The issue will remain open for subscription until September 9. The IPO allotment will be finalized on September 10, and the company’s shares are scheduled to be listed on the BSE SME platform from September 12. IPO Details The net proceeds will be used to meet working capital needs, fund the purchase of plant and machinery, and cover general corporate purposes. Company Profile Sharvaya Metals, headquartered in Ahmednagar, Maharashtra, specializes in: Its products…

Hikal Ltd.’s board has recommended a final dividend of ₹0.80 per equity share for FY25, adding to the interim dividend of ₹0.60 per share already paid. This brings the total dividend for FY25 to ₹1.40 per share, reflecting a 70% payout based on face value. The 37th Annual General Meeting (AGM) is scheduled for Tuesday, September 23, 2025, at 11:30 a.m. (IST) via Video Conferencing/Other Audio-Visual Means (OAVM), where shareholders will formally approve the results. Dividend Details ParticularsDetailsInterim Dividend₹0.60 per shareFinal Dividend (Recommended)₹0.80 per shareTotal Dividend for FY25₹1.40 per shareRecord DateSeptember 02, 2025AGM DateSeptember 23, 2025 The final dividend will…