Author: Legal Parivar

Shares of insurance companies may trade higher on Thursday, August 21, after reports indicated that life and health insurance purchased by individuals could be exempted from the current 18 percent Goods and Services Tax (GST). The GST Group of Ministers (GoM) on insurance has recommended that health and life insurance premiums be excluded from the levy to make insurance more affordable and boost penetration in India’s underinsured market. The final decision will be taken by the GST Council following consultations with states, Bihar Deputy Chief Minister and GoM convener Samrat Choudhary said. However, several states have raised concerns over possible…

The Securities and Exchange Board of India (Sebi) has initiated consultations with stock exchanges, brokers, and other market participants to review the framework for price discovery in initial public offerings (IPOs) and re-listed shares. The move follows controversy over Swan Defence’s re-listing earlier this year, which sparked concerns around fairness and transparency. The Core Issue At the centre of the debate is the use of “dummy price bands” during the special pre-open session (SPOS). Several investors argue that such mechanisms distort true price discovery. Sebi’s review is focused on whether structural reforms are needed to make the system more transparent,…

The Indian stock market is set for an action-packed session today with several companies announcing earnings, stake sales, acquisitions, appointments, fund infusions, and order wins. Here’s a quick roundup of the major developments that could influence trading activity: Quarterly Earnings Stocks to Watch Bulk Deals Stocks Trading Ex-Dividend Coal India, HAL, RVNL, AMJ Land Holdings, Bhandari Hosiery, BSL, Honda Power, Kakatiya Cement, Manorama Industries, Pudumjee Paper, Relaxo Footwears, Styrenix, Thomas Cook, United Van Der Horst. Stock Split – Ex-Date Stocks in F&O Ban PG Electroplast, RBL Bank, Titagarh Rail Systems Disclaimer: This content is for information only, not investment advice.…

Rajkot-based Anlon Healthcare, a manufacturer of active pharmaceutical ingredients (APIs), intermediates, and formulations, has announced a price band of ₹86–91 per share for its upcoming initial public offering (IPO). The IPO will open on August 26 and close on August 29, with the anchor book scheduled for August 25. The basis of allotment will be finalized on September 1, followed by refunds and share credits on September 2. The company is set to debut on the stock exchanges on September 3. The issue comprises a fresh offer of 1.33 crore shares, amounting to about ₹121 crore at the upper price…

Pakistani authorities on Wednesday extended the ban on Indian aircraft using its airspace until September 23, according to a fresh NOTAM (Notice to Airmen) issued by the Pakistan Airports Authority. Under the extended restrictions, all Indian-operated aircraft, including those owned or leased for military and civilian purposes, remain barred from entering Pakistani airspace. The ban was first imposed on April 23, following heightened tensions between India and Pakistan after the Pahalgam terrorist attack. The restriction was initially set for one month but has since been repeatedly extended. In response, India closed its airspace for Pakistani carriers on April 30, leading…

The initial public offering (IPO) of Vikram Solar Limited entered its second day of bidding on Wednesday, 20 August 2025. The issue opened on 19 August and will remain available for subscription until 21 August 2025. Vikram Solar, one of India’s largest solar photovoltaic (PV) module manufacturers, has fixed its IPO price band at ₹315 to ₹332 per share. The company aims to raise ₹2,079.37 crore, of which ₹1,500 crore will come via a fresh issue of shares, while ₹579.37 crore will be raised through the offer for sale (OFS) route. The shares will be listed on both NSE and…

Asian Markets Asian equities opened lower on Wednesday, mirroring overnight weakness on Wall Street as investors assessed Japan’s latest trade data. Japan’s Nikkei 225 dropped 1.32% and the Topix slipped 0.31%. South Korea’s Kospi fell 1.26%, while the Kosdaq lost 1.77%. Futures for Hong Kong’s Hang Seng Index also pointed to a weaker start. Gift Nifty Gift Nifty traded around the 24,963 mark, nearly 70 points below the previous close of Nifty futures, signaling a subdued opening for Indian benchmark indices. Wall Street US markets ended lower on Tuesday, dragged down by technology stocks. The Dow Jones Industrial Average was…

The India Meteorological Department (IMD) has issued a heavy rainfall warning for Mumbai over the next 24 hours. The city has been witnessing continuous downpours since Saturday, disrupting daily life and causing waterlogging in several areas. As per the IMD’s weekly forecast, Mumbai is likely to experience heavy rainfall until August 21 (Thursday), with showers expected to continue through the week. Are offices closed in Mumbai today? Despite the alert, the Brihanmumbai Municipal Corporation (BMC) has not announced any office closures. Workplaces and businesses are expected to function as usual unless further notifications are issued. Why is Mumbai receiving heavy…

Aurobindo Pharma has emerged as the leading contender to acquire Prague-based generic drugmaker Zentiva from Advent International in a deal valued at $5–5.5 billion (₹43,500–47,900 crore), according to people familiar with the matter. If finalized, this would mark the largest-ever acquisition by an Indian pharmaceutical company, surpassing Ranbaxy’s $3.2 billion sale to Daiichi Sankyo in 2014 and Biocon Biologics’ $3.3 billion takeover of Viatris’ biosimilars business. The Hyderabad-based drugmaker is competing with US private equity firm GTCR, with both parties locked in final-stage negotiations. Sources indicate that binding offers have already been submitted, with a formal announcement expected within weeks.…

The Narendra Modi-led Union government on Tuesday introduced three key bills in the Lok Sabha that propose the removal of the Prime Minister, Union ministers, chief ministers, and state or Union Territory ministers if they are arrested and detained for 30 consecutive days on serious criminal charges. The Three Bills Introduced As per the List of Government Business (August 20–21), the following bills were tabled: Union Home Minister Amit Shah also moved a motion to refer the bills to a joint committee of Parliament for further examination. Key Provisions Currently, there is no legal bar preventing ministers or chief ministers…