Author: Legal Parivar

President Donald Trump has finalized a landmark deal that gives the US government a 9.9% equity stake in Intel Corp., marking an extraordinary intervention in corporate America to strengthen domestic semiconductor manufacturing. Under the agreement, the government will receive 433.3 million common shares, valued at $8.9 billion, funded through grants under the Chips and Science Act and the Secure Enclave program. Including the $2.2 billion previously disbursed from the Chips Act, Intel’s total government-backed support now stands at $11.1 billion. Intel confirmed that the US will be a passive shareholder with no board representation, voting rights, or access to governance…

Despite the upcoming holiday on August 27 (Ganesh Chaturthi), the primary market will remain abuzz as 10 public issues (IPOs) worth ₹1,240 crore are scheduled to open next week. Investors will also witness the listing of several new companies across the mainboard and SME segments. Mainboard IPOs Two major IPOs will dominate the mainboard: SME IPOs The SME segment will see heightened activity with eight issues lined up: Additionally, ARC Insulation & Insulators will close its IPO on August 25, while Classic Electrodes (India), Shivashrit Foods, and Anondita Medicare will wrap up subscriptions on August 26. Upcoming Listings The mainboard…

US Federal Reserve Chairman Jerome Powell delivered his eighth and final Jackson Hole Symposium speech on Friday, signaling a potential adjustment in the Fed’s policy stance amid rising downside risks to employment and economic growth. Speaking at the annual economic forum in Wyoming, Powell said:”With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” Investors interpreted the remarks as a hint toward a 25 basis points rate cut at the upcoming FOMC meeting on September 16-17, 2025, as concerns grow over a possible US economic slowdown. Following Powell’s speech, the…

India on Friday issued a NOTAM extending its airspace closure for Pakistan-registered aircraft, including flights operated or owned by Pakistani airlines and military flights, until September 23, 2025. The move follows the Pahalgam terror attack on April 22, which killed 26 people, after which India initially closed its airspace to Pakistani aircraft from April 30. The ban was earlier extended multiple times—till May 24, June 24, July 24, and August 24—before the latest extension. In a reciprocal move, Pakistan on August 20 extended its ban on Indian aircraft in its airspace until September 23. The Pakistan Airports Authority (PAA) confirmed…

Shares of Nazara Technologies tumbled 17.52% over three consecutive sessions on the BSE after the company’s associate firm, Moonshine Technologies Pvt Ltd, which operates PokerBaazi, suspended its real-money gaming operations. On Friday, Nazara’s stock fell 4.13% to ₹1,155.75, hitting an intraday low of ₹1,145.55, continuing the sharp decline. In a regulatory filing, Nazara said:”Pursuant to the Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, and pending enactment, Moonshine Technologies, an associate company in which Nazara holds 46.07% stake, has ceased offering real-money online gaming operations as a precautionary measure.” The Online Gaming Bill,…

Fantasy gaming giant Dream11 has halted all paid contests and transitioned entirely to a free-to-play online social game model, following the enactment of The Promotion & Regulation of Online Gaming Law, 2025. In a statement on X (formerly Twitter), Dream11 emphasized its commitment to legal compliance:”We have always been and always will be a law-abiding company, and have conducted our business in compliance with the laws. While we believe that progressive regulations would have been the right way forward, we will respect the law and will fully comply.” Other Dream11 properties, including FanCode, DreamSetGo, Dream Game Studios, and the Dream…

The Reserve Bank of India (RBI) will launch a new real-time cheque clearing system starting October 4, 2025, significantly reducing the current processing time from up to two working days to just a few hours. Under the new system, cheques will be scanned, processed, and settled continuously during business hours, replacing the existing batch-based clearing cycle. The transition aims to enhance customer convenience and reduce settlement risks. Phase 1 (October 4, 2025 – January 2, 2026): Phase 2 (From January 3, 2026): This move marks a major step towards faster, more efficient banking in India, aligning with global best practices…

Promoter Suneetha Reddy offloaded a 1.3% stake in Apollo Hospitals Enterprise, a Nifty 50 company, for ₹1,489.3 crore via open market transactions on Friday. The sale involved 18.97 lakh shares at ₹7,850 per share through block deals. Despite the massive transaction, Apollo Hospitals shares closed nearly flat at ₹7,922.5, down 0.05% on the NSE. Major buyers included Morgan Stanley, Goldman Sachs, Societe Generale, T Rowe Price, Abu Dhabi Investment Authority, and leading domestic mutual funds. In other market activity, Consolidated Construction Consortium surged to ₹17.88, hitting the 20% upper circuit on heavy volumes, recouping several weeks of losses. Banyan Capital…

The National Stock Exchange (NSE) announced changes to its Nifty 50 index on Friday, effective September 30. Max Healthcare Institute and InterGlobe Aviation—the parent company of IndiGo—will be added, while IndusInd Bank and Hero MotoCorp are set to be removed as part of the semi-annual reshuffle. The NSE reviews the Nifty 50 composition twice a year, based on average free-float market capitalization over the six months ending January 31 and July 31, with changes taking effect in March and September. Index adjustments often trigger portfolio rebalancing by ETFs tracking the Nifty 50, potentially resulting in significant inflows or outflows for…

Prime Minister Narendra Modi will embark on a four-day official visit to Japan and China starting August 29, the Ministry of External Affairs (MEA) announced on Friday. Japan Visit: August 29-30PM Modi will be in Japan on August 29 and 30 to participate in the 15th India-Japan Annual Summit, at the invitation of Japanese Prime Minister Shigeru Ishiba. This will mark Modi’s eighth visit to Japan and his first summit with PM Ishiba. During the visit, both leaders are expected to review the Special Strategic and Global Partnership between India and Japan, covering key areas such as defense and security,…