Author: Legal Parivar

The Securities and Exchange Board of India (Sebi) has imposed monetary penalties totalling ₹2.64 crore on 20 individuals for their involvement in price and volume manipulation of shares of Quasar India Ltd. According to Sebi ’s order issued on Friday, 18 individuals were collectively fined ₹2.5 crore, to be paid jointly and severally, while Mrugesh Natwarlal Ruparel and Arpit Piyushbhai Shah were fined ₹7 lakh each. Sebi’s adjudicating officer Amit Kapoor noted that the 20 individuals were connected to one another and artificially inflated trading volumes in Quasar India’s scrip, leading to an unnatural rise in share price. “The entities…

BlackRock ’s private-credit arm and several major lenders are pursuing efforts to recover over $500 million lost in what they describe as a “breathtaking” loan fraud scheme involving fake invoices and fictitious customers, according to The Wall Street Journal (WSJ). The lawsuit, filed in the United States in August 2025, accuses Bankim Brahmbhatt, an Indian-origin entrepreneur and owner of telecom-services firms Broadband Telecom and Bridgevoice, of orchestrating the alleged fraud. The lenders, including HPS Investment Partners (acquired by BlackRock earlier this year), claim Brahmbhatt fabricated invoices and accounts receivable used as collateral for hundreds of millions in loans. The Alleged…

Amazon shares surged 12.4% to a record high of $250 per share on the Nasdaq during Friday’s session, October 31, after the tech giant reported robust September-quarter earnings, powered by strong performance in its cloud and advertising divisions. Q3 Performance Highlights Amazon Web Services (AWS), the company’s cloud arm, delivered a 20% year-on-year (YoY) jump in revenue to $33 billion, surpassing analysts’ expectations of $32.5 billion. The growth was driven by increased spending on AI-related workloads as enterprises continued their digital transformation investments. The advertising segment was another standout performer, generating $17.7 billion in revenue during the quarter—well above market…

RR Kabel Ltd shares are expected to be in focus on Monday, 3 November 2025, after the company announced strong second-quarter (Q2 FY26) earnings and declared an interim dividend for shareholders. The electrical components manufacturer reported a 135% year-on-year (YoY) increase in net profit to ₹116.25 crore for the July–September 2025 quarter, compared to ₹49.52 crore in the same period last year. The company’s revenue from operations rose 19.5% YoY, reaching ₹2,163.77 crore in Q2 FY26, up from ₹1,810.13 crore in Q2 FY25. 💰 Interim Dividend Details RR Kabel’s Board of Directors approved an interim dividend of ₹4 per share…

US stock indices climbed sharply on Friday after upbeat quarterly earnings and optimistic forecasts from tech giants Apple and Amazon boosted investor sentiment. Apple’s results surpassed Wall Street expectations, fueled by strong demand for its new AI-integrated product lineup. Meanwhile, Amazon reported its fastest cloud revenue growth in three years, signaling a solid quarter ahead. At 12:01 p.m. ET, the Dow Jones Industrial Average slipped slightly by 31.46 points (0.07%) to 47,490.66, while the S&P 500 rose 15.34 points (0.22%) to 6,837.68, and the Nasdaq Composite gained 152.31 points (0.65%) to 23,733.45.Earlier in the session, the Nasdaq surged up to…

The Nifty PSU Bank index surged to a record closing high of 8,184.35 points on Friday, after the Securities and Exchange Board of India (SEBI) issued a circular implementing revised eligibility criteria for derivatives trading on non-benchmark indices. Intraday, the index hit a fresh peak of 8,272.30 points. According to the new SEBI guidelines, non-benchmark indices such as Nifty Bank, Bankex, and Fin Nifty must include at least 14 stocks to qualify for derivatives trading. Since Nifty Bank currently has 12 constituents, at least two additional banks are expected to join the index. A report by Nuvama Institutional Equities identified…

Foreign Institutional Investors (FIIs) ended the last week of October 2025 as net sellers, offloading Indian equities worth ₹6,769 crore. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹7,068 crore on Friday, October 31, according to provisional exchange data. DIIs bought shares worth ₹18,634 crore and sold shares worth ₹11,565 crore. Meanwhile, FIIs purchased shares worth ₹11,532 crore and sold shares worth ₹18,301 crore. So far in 2025, FIIs have been net sellers of ₹2.40 lakh crore in Indian equities, while DIIs have been consistent buyers, with a net purchase of ₹6.28 lakh crore. Market Performance…

Q2 Results: On October 31, several major Indian companies released their financial results for the second quarter of FY26, revealing a diverse performance across sectors — from Vedanta’s steep profit fall to ACC Cement’s stellar growth. Vedanta Q2 FY26 Results Vedanta reported a 38% year-on-year (YoY) decline in consolidated profit to ₹3,479 crore, compared to ₹5,603 crore in Q2 FY25. The company’s revenue from operations rose 6% YoY to ₹39,218 crore from ₹37,171 crore in the same quarter last year. ACC Cement Q2 FY26 Results ACC Cement, part of the Adani Group, posted a 460% surge in profit to ₹1,119…

ACC Cement, part of the Adani Group, reported a strong 460% year-on-year (YoY) rise in consolidated profit after tax (PAT) to ₹1,119 crore for the second quarter of FY26, compared with ₹199.7 crore in the same period last year. The company’s revenue from operations grew 29.8% YoY to ₹5,896 crore in Q2 FY26, up from ₹4,542 crore in Q2 FY25. The sharp jump in profitability was primarily driven by a net gain of ₹369 crore from the sale of land and related assets at its Thane facility, a deal concluded in April and realised in the second quarter. Operating EBITDA…

India’s market regulator, the Securities and Exchange Board of India (SEBI), is expected to impose a penalty on the Multi Commodity Exchange (MCX) following a four-hour trading outage on Tuesday that was triggered by a surge in trading activity, according to sources familiar with the matter. The disruption occurred due to a “capacity breach,” as the exchange’s systems were unable to handle the high number of clients trading that day. SEBI has not issued an official comment on the matter. MCX cites system limits for outage MCX stated on Friday that its systems had predefined parameters restricting the number of…