Author: Legal Parivar

Foreign investors (FIIs/FPIs) remained net sellers in Indian equities on September 3, 2025, while domestic institutional investors (DIIs) continued their buying spree, according to provisional stock exchange data. FII–DII Data for September 3 So far in 2025, FIIs have been net sellers worth ₹2.14 lakh crore, while DIIs have been net buyers worth ₹5.20 lakh crore, reflecting continued domestic support for the markets amid foreign outflows. Market Performance on September 3 During the session: Market breadth was positive with 2,415 stocks advancing, 1,333 declining, and 116 unchanged. Sectoral Highlights Metals, pharma, and PSU banks led the gains, while IT stocks…

The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, has approved a dual-rate structure of 5% and 18%, scrapping the existing 12% and 28% slabs. The decision was taken during the 56th GST Council meeting held on September 3–4, 2025. This move marks a major step towards simplifying India’s indirect tax regime and will be rolled out in the coming weeks, just ahead of the festive season. Major Announcements from the GST Council Meeting 1. Dual-Rate Structure Introduced 2. Relief for Footwear and Apparel 3. Health Insurance & Life-Saving Drugs 4. MSME Registration Made Easier…

Prime Minister Narendra Modi attended the official reception of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, where he was warmly received by Chinese President Xi Jinping. At the venue, PM Modi exchanged greetings with President Xi and his wife Peng Liyuan, before joining fellow world leaders, including Russian President Vladimir Putin, for the traditional group photograph. The formal sessions of the summit are scheduled to begin on September 1. 🔹 Bilateral Talks with China Earlier in the day, PM Modi held a series of bilateral meetings, including a key discussion with President Xi. According to the Ministry of External…

Online gaming platform Mobile Premier League (MPL) plans to lay off about 60% of its Indian workforce after the government banned paid online games, a company source told Reuters on Sunday. This marks one of the first major corporate reactions to the new law. 🔹 Background 🔹 Impact on MPL 🔹 CEO Statement In an internal email, MPL CEO Sai Srinivas wrote: “With a heavy heart we have decided that we will be downsizing our India Team significantly. We are committed to providing those impacted with every possible support during this transition period… this change would mean that we would…

Lieutenant General Manoj Kumar Katiyar, Army Commander of Western Command, visited the flood-affected forward areas in Jammu and Punjab to review the ongoing Humanitarian Assistance and Disaster Relief (HADR) operations, the Army said on Sunday. 🔹 Review of HADR Operations During the visit, the Army Commander was briefed on the extensive rescue, relief, and rehabilitation measures undertaken by Army troops in coordination with state administrations, police, and civil authorities. He expressed satisfaction with: He also commended the dedication and synergy of all stakeholders, including Police and Civil Administration Officials, for effectively mitigating the crisis. 🔹 Deployment and Rescue Efforts The…

All government and private schools in Jammu division will remain closed on Monday, September 1, due to incessant rain and landslides in hilly areas, the Directorate of School Education announced. The schools in the region had already been closed earlier this week as a precautionary measure following weather advisories. “Keeping in view the continuous rainfall and landslides in the hilly areas, and to ensure the safety of students and staff, it is hereby ordered that all government and private schools across Jammu division shall continue to remain closed on 01-09-2025 (Monday),” said Naseem Javaid Chowdhary, Director School Education, Jammu, in…

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…