Author: Legal Parivar

Life Insurance Corporation of India (LIC) has pared its holding in Tamil Nadu Newsprint and Papers Ltd, offloading 4 lakh shares (0.58% equity) through open market transactions on August 25. The shares were sold at ₹171 apiece, NSE bulk deal data showed. As of June 2025, LIC held a 1.8% stake (12.46 lakh shares) in the bagasse-based paper manufacturer. Interestingly, despite the stake sale, Tamil Nadu Newsprint’s stock surged 10.57% to close at ₹169.77 on the NSE, supported by strong volumes. The rally came as the government imposed a Minimum Import Price (MIP) on virgin multi-layer paper board (VMPB) —…

The Government of India has constituted a High-Level Committee to mark the 150th birth anniversary of Sardar Vallabhbhai Patel, according to a gazette notification issued by the Ministry of Culture on August 25, 2025. The panel will be chaired by Prime Minister Narendra Modi and will oversee year-long commemorative events across the country. Key members of the committee The committee includes several former and current dignitaries, such as: Several chief ministers and governors are also part of the committee, including: Other prominent figures include PT Usha (Olympian and MP), actor Paresh Rawal, spiritual leaders Mata Amritanandamayi and Sadhguru Jaggi Vasudev,…

Dream Sports, the parent company of fantasy sports giant Dream11, will not challenge the constitutional validity of India’s new gaming law, co-founder Harsh Jain confirmed in an interview with Moneycontrol. “The government has made it clear that they don’t want this right now. We want to focus on the future and not fight the government on something they don’t want,” Jain said. Impact of the New Gaming Law Financial Setback for Dream Sports Industry-Wide Reactions Missed Chance at Self-Regulation Beyond Dream11 Dream Sports’ portfolio includes: The company was last valued at $8 billion in 2021 after raising $840 million from…

The India Meteorological Department (IMD) has issued an orange alert for Jammu and Kashmir, Uttarakhand, Rajasthan, Gujarat, and Odisha, warning of heavy to very heavy rainfall on Monday, August 25. IMD Forecast Delhi Rains Residents in Delhi woke up to fresh showers this morning, with visuals of rainfall near ITO circulating across news channels and social media. Mumbai Rains Mumbai witnessed heavy rainfall in multiple parts of the city, including Sion’s Gandhi Market and the Eastern Express Highway, causing traffic snarls during office hours. Rajasthan Flooding In Banswara district of Rajasthan, incessant rains led to a sharp rise in river…

Heavy rain has continued to disrupt life in Himachal Pradesh, forcing the closure of schools and colleges in four districts and blocking hundreds of roads, including two national highways. The local meteorological office has issued a yellow alert for heavy rain in several districts until August 30. Schools and Colleges Closed Education institutes, except residential ones, have been shut in Bilaspur, Hamirpur, Una, and Solan districts following the weather warning. Roads and Highways Blocked According to the State Emergency Operation Centre (SEOC): Power and Water Supply Hit Casualties and Damage Since Monsoon Onset From June 20 to August 24 (2025…

The Indian government’s sweeping ban on real-money gaming (RMG) has left venture capital investors staring at potential write-offs worth nearly $15 billion, with startups scrambling to pivot their business models. The sector, which collectively raised over $2 billion in funding, is now facing its toughest regulatory challenge yet. Venture Capital Under Pressure Global and domestic funds — including Tiger Global, Peak XV Partners, Malabar Investments, Think Investments, Orios Venture Partners, and Z47 — had backed leading players such as Dream Sports (Dream11), Mobile Premier League (MPL), Games24x7, and Zupee. However, with the blanket ban, several investors fear most of these…

Elon Musk’s SpaceX called off the planned launch of its 10th Starship test flight from Texas on Sunday due to a ground systems issue, delaying another key milestone in the rocket’s long-awaited development journey. Launch Aborted Minutes Before Liftoff The 232-foot Super Heavy booster and 171-foot Starship upper stage were fully stacked at the Starbase site and undergoing propellant loading for a scheduled liftoff at 7:35 p.m. ET (2335 GMT). Roughly 30 minutes before launch, SpaceX announced on X: “Standing down from today’s tenth flight of Starship to allow time to troubleshoot an issue with ground systems.” A live stream…

New Delhi, 25 August 2025 – The Delhi Traffic Police has issued a travel advisory for commuters as lawyers of all district courts in Delhi continue their strike on Monday. The protest, scheduled at Tis Hazari Courts from 10 AM onwards, is expected to impact traffic in several central and north Delhi stretches. Key Roads Affected Traffic movement will remain restricted on the following stretches: ⚠️ No U-turn will be allowed under Yudhister Setu. Alternate Routes Suggested by Traffic Police Additional Restrictions in Central Delhi Due to a major event, parking and halting restrictions are in place on:Mother Teresa Crescent,…

25 August 2025 – Domestic institutional investors (DIIs) continue to provide strong support to Indian equities, offsetting heavy selling by foreign portfolio investors (FPIs). Record DII Inflows vs. FPI Outflows According to ICICI Securities, over the trailing 12 months, DII inflows touched a record $80 billion, nearly twice the FPI outflows of $40 billion. The counter-buying by DIIs has surpassed earlier episodes of FPI selling, including the 2008 Global Financial Crisis and the 2022 sell-off. Market Impact Despite robust domestic support, indices across market capitalisations have delivered flat to negative returns over the past year, reflecting the drag from persistent…

25 August 2025 – Amanta Healthcare has announced the price band and subscription dates for its upcoming Initial Public Offering (IPO). Key Details of Amanta Healthcare IPO The IPO is expected to attract investor interest as Amanta Healthcare looks to raise capital for growth, expansion, and other corporate purposes. ✅ Takeaway: Investors should keep an eye on Amanta Healthcare’s IPO opening on September 1, with a price band set at ₹120-126 per share and anchor allotment slated for August 29.Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors are advised to consult…