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Author: Legal Parivar

President Donald Trump’s decision to raise tariffs on India was aimed at intensifying pressure on Russia to end its war in Ukraine, White House Press Secretary Karoline Leavitt said on Tuesday. The move effectively doubles India’s tariff burden to 50%, with Trump adding an extra 25% levy on top of the existing duty. According to Leavitt, the decision was part of a broader U.S. strategy to exert “secondary pressure” on Moscow. “President Trump has put tremendous public pressure to bring this war to a close,” Leavitt told reporters. “He’s imposed sanctions on India and taken other actions as well. He’s…
Pritzker Private Capital (PPC), the investment firm founded by billionaire Illinois Governor JB Pritzker and his brother Tony Pritzker, has closed its fourth fund at a record $3.4 billion, surpassing the initial $3 billion target. According to the company’s statement on Tuesday, around 17% of the capital came from firm members and related entities, while the rest was contributed by families and institutional investors across North America, Asia, Europe, and Latin America. The new fund has already made three investments. The fundraising marks one of the largest by a Chicago-based private equity firm in recent times. Last year, Shore Capital…
Foreign investors (FIIs/FPIs) turned net sellers again on Tuesday, after a day of buying, offloading Indian equities worth ₹634 crore. Domestic institutional investors (DIIs), meanwhile, continued to provide strong support with net purchases of ₹2,261 crore, according to provisional exchange data. During the trading session, FIIs bought shares worth ₹12,604 crore and sold shares worth ₹13,238 crore. DIIs purchased equities worth ₹11,881 crore while selling shares worth ₹9,620 crore. For the year so far, FIIs have been net sellers of shares worth ₹1.90 lakh crore, while DIIs have net bought equities worth ₹4.70 lakh crore. Market PerformanceMarkets extended gains on…
Unregulated online money gaming platforms in India are emerging as serious national security and economic risks, according to the draft of the ‘Promotion and Regulation of Online Gaming Act, 2025’, as reported by Moneycontrol. The draft highlights multiple threats, including the potential misuse of digital wallets and cryptocurrencies for money laundering and illicit fund transfers, facilitation of activities for terror organizations, non-compliant cross-border data flows, and offshore entities evading Indian tax and legal requirements. “Modern online games are increasingly integrated with social media, digital wallets, and real-time multilayer networks, making them difficult to monitor or regulate at the state level,”…
Rajasthan-based Mangal Electrical Industries, a company specializing in processing transformer components, has secured ₹120 crore from 10 anchor investors ahead of its initial public offering (IPO). The company’s maiden public issue, valued at ₹400 crore, is scheduled to open on August 20 and close on August 22, with a price band of ₹533–561 per share. The IPO consists entirely of fresh shares. In a filing to the exchanges, Mangal Electrical Industries stated that it has allocated 21,39,020 equity shares to anchor investors at ₹561 per share. Among the notable participants, Sunil Singhania’s Abakkus Diversified Alpha Fund emerged as the largest…
The Indian government on Tuesday stated that nearly $50 billion worth of Indian goods will be impacted when the United States implements its 50% tariff on August 27. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that around $48.2 billion of India’s merchandise exports to the US will be subject to the additional duties, based on 2024 trade values. He explained that the tariffs are being applied in two stages: a 25% reciprocal tariff imposed from August 7, 2025, and an additional 25% levy effective August 27, 2025, including tariffs…
Shreeji Shipping Global’s initial public offering (IPO) witnessed a robust response on its first day of bidding, August 19, as investors placed bids for 2.43 crore shares against the total issue of 1.14 crore shares, resulting in an overall subscription of 2.13 times by the close of Day 1, according to exchange data. Non-institutional investors (NIIs) showed strong interest, with their portion subscribed 3.54 times, while retail investors’ portion was booked 2.13 times. Qualified Institutional Buyers (QIBs) subscribed their portion 1.09 times. The company aims to raise ₹410 crore through the IPO, which is entirely a fresh issue. The price…
Temasek Holdings-backed Onemi Technology Solutions, operating under the brand Kissht, has filed preliminary documents with SEBI to raise capital through an IPO. The funds are intended to strengthen the capital base of its subsidiary, Si Creva, a middle-layer NBFC. The proposed IPO will include a fresh issue of equity shares worth ₹1,000 crore and an offer-for-sale of 88.8 lakh shares by existing investors, according to the draft document filed on August 18. Promoters collectively hold 53.67% of Onemi, including 30.89% owned by Ranvir Singh and Krishnan Vishwanathan. The remaining 46.33% is held by investors such as Temasek (through Vertex), Russia-based…
Classic Electrodes (India) Ltd, a manufacturer specializing in welding electrodes and MIG wires, has set the price band for its upcoming initial public offering (IPO) at Rs 82–87 per share, according to a statement on Monday. The entirely fresh issue of 47.71 lakh equity shares is expected to raise around Rs 41.50 crore. The IPO subscription window is scheduled to open on August 22 and close on August 26, 2025. Following the issue, the company’s shares are planned to be listed on NSE’s SME platform, Emerge, with a tentative listing date of September 1. GYR Capital Advisors has been appointed…
The International Monetary Fund (IMF) has recommended that Pakistan remove the finance secretary from the State Bank of Pakistan (SBP) board and amend a law to revoke the federal government’s authority to direct inspections of commercial banks, according to media reports on Tuesday. The global lender has also urged Islamabad to promptly fill two vacant deputy governor positions at the SBP. The recommendations were outlined in the IMF’s Governance and Corruption Diagnosis Mission report, which appears aimed at enhancing the central bank’s independence, despite the federal government being the SBP’s sole shareholder. This marks the second attempt in three years…
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