Author: Legal Parivar

Prime Minister Narendra Modi met Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO Summit) in Tianjin, marking his first visit to China since 2018. Modi emphasized that India-China relations must be built on the foundations of trust, respect, and sensitivity, reaffirming New Delhi’s commitment to advancing ties in a constructive and balanced manner. Key Takeaways from the Meeting National Security Advisor Ajit Doval and Foreign Secretary Vikram Misri were present, underscoring the strategic weight of the meeting. The two leaders shook hands ahead of talks, signaling a positive reset in relations. Geopolitical Context About SCO…

From September 2025, several important financial rules and deadlines will come into effect that could directly impact both individuals and businesses. These include changes in income tax filing deadlines, pension options, silver hallmarking, SBI credit card benefits, and fixed deposit schemes. Staying updated on these money rules will help you avoid penalties and make smarter financial decisions. 1. ITR Filing Deadline Extended to September 15, 2025 The Income Tax Department (CBDT) has extended the last date to file income tax returns (ITR) for FY 2024-25 from July 31, 2025, to September 15, 2025. 2. Unified Pension Scheme (UPS) Deadline –…

The National Stock Exchange (NSE) has updated the quantity freeze limits for index derivatives, effective September 1, 2025, as per a circular issued on August 29. Key changes: The revision increases permissible order size for Bank Nifty futures and options, while limits for other indices remain the same. Why it matters:Quantity freeze limits prevent erroneous or abnormally large trades, reducing the risk of “fat finger” errors and ensuring smoother market operations. NSE has advised all trading members to update their systems with revised contract details, available on the exchange’s extranet and official website. All index derivative trades will adhere to…

Mumbai-based structural engineering and fabrication company Karbonsteel Engineering will launch its ₹59.3 crore initial public offering (IPO) on September 8, 2025, with a price band of ₹151–159 per share. The IPO will close on September 10, while the anchor book for institutional investors will open on September 4. The allotment will be finalized on September 11, and the company’s shares will list on the BSE SME platform on September 15. The issue comprises a fresh issue of 30.39 lakh shares and an offer-for-sale (OFS) of 6.9 lakh shares by promoters Shrenik Kirit Shah (4.14 lakh shares) and Mittal Shrenik Shah…

Torrent Power on Saturday announced that it has received a Letter of Award (LoA) from MP Power Management Company Ltd (MPPMCL) for the supply of power from its upcoming 1,600 MW coal-based power plant in Madhya Pradesh. The LoA, awarded through a competitive bidding process, finalised the tariff at ₹5.829 per kWh, the company said in a statement. Largest-Ever Investment by Torrent Group The ₹22,000 crore greenfield project will be the Torrent Group’s single-largest investment in the power sector. The company plans to set up a 2×800 MW Ultra-Supercritical power plant in Madhya Pradesh, with coal supplied under the Ministry…

Prime Minister Narendra Modi reached China on Saturday for the Shanghai Cooperation Organisation (SCO) summit, marking his first visit to the country in seven years. The summit will be held in Tianjin on August 31–September 1. A key highlight of the trip will be Modi’s bilateral meeting with Chinese President Xi Jinping, where the two leaders are expected to review India-China economic relations and discuss ways to stabilize ties strained by the eastern Ladakh border dispute. Modi will also hold talks with Russian President Vladimir Putin and other world leaders on the sidelines of the summit. In his departure statement,…

Brazil’s labor court has ordered Volkswagen to pay 165 million reais (around $30 million) in collective moral damages after workers were subjected to slave-like conditions at a company-owned farm in the Amazon during the 1970s and 1980s. Prosecutors described it as the largest reparation of its kind in the country’s history. The case stems from an investigation launched in 2019 by the Labor Prosecutor’s Office, based on evidence collected by a local priest who had tracked the abuses for decades. In 2024, prosecutors formally charged Volkswagen, alleging that hundreds of workers between 1974 and 1986 faced degrading conditions at the…

Background Business Snapshot Financials (FY25 vs FY24) Book Running Lead Managers

Singapore Prime Minister Lawrence Wong will embark on a three-day official visit to India from September 2, sources said, marking a key milestone in 60 years of diplomatic ties between the two nations. Several memorandums of understanding (MoUs) are expected to be signed, covering areas such as skill development, finance, digitalisation, civil aviation, space collaboration, and shipping. Bilateral Engagements Key Initiatives During the Visit Trade and Investment Highlights Skill Development and Education Fintech and Digital Cooperation Defence Cooperation Space Collaboration

The initial public offerings (IPO) of Current Infraprojects and Sattva Engineering Construction, both engineering, procurement, and construction (EPC) services companies, received massive investor interest on the final day of bidding, August 29. Current Infraprojects IPO Details Sattva Engineering Construction IPO Details