Author: Legal Parivar

Chief Election Commissioner (CEC) Gyanesh Kumar announced on Sunday that the list of voters deleted from Bihar’s draft electoral rolls during the Special Intensive Revision (SIR) has been uploaded on district magistrates’ websites, in compliance with the Supreme Court’s directives. The Supreme Court, while hearing petitions challenging the revision process in poll-bound Bihar, had directed the Election Commission (EC) to release details of nearly 65 lakh deleted names along with reasons for exclusion to ensure transparency. Addressing a press conference in Delhi, Kumar said the EC acted swiftly, publishing the data within 56 hours of the court’s order. He stressed…

RSB Retail India Ltd, a leading multi-brand retail chain in South India, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for an initial public offering (IPO) worth about ₹1,500 crore. The IPO will consist of a fresh equity issue of up to ₹500 crore and an offer for sale (OFS) of 2.98 crore shares by the promoters. IPO Proceeds Utilisation Company Overview Founded in 2008 and headquartered in Hyderabad, RSB Retail operates across 73 stores in 22 cities within Telangana, Andhra Pradesh, and Karnataka under formats such as South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani,…

The combined market valuation of five out of India’s top 10 most valuable companies rose by ₹60,675.94 crore last week, driven by strong investor sentiment in equities. State Bank of India (SBI) and HDFC Bank were the biggest contributors to the gains. During the holiday-shortened week, the Sensex climbed 739.87 points (0.92%), while the Nifty advanced 268 points (1.10%), reflecting overall positive momentum in the markets. Top gainers: SBI, HDFC Bank, Infosys, Bharti Airtel, Reliance Top losers: LIC, Bajaj Finance, ICICI Bank, TCS, Hindustan Unilever Despite the mixed trend, Reliance Industries remained India’s most valued company, followed by HDFC Bank,…

Despite volatility in the secondary market, the primary market remains robust, with seven new IPOs — five on the mainboard and two in the SME segment — opening for subscription next week. In addition, seven IPO listings are also lined up. Last week, JSW Cement IPO debuted with a 4% premium but slipped below its issue price due to profit booking on listing day. IPOs Opening Next Week: IPO Listings Next Week: The upcoming week is expected to be action-packed for IPO investors, with both fresh issues and multiple listings offering opportunities amid ongoing market volatility Disclaimer: This article is…

The Securities and Exchange Board of India (SEBI) witnessed a sharp rise in settlement pleas, receiving 703 applications in FY25, up from 434 in FY24. This highlights a growing trend among market participants to resolve disputes without prolonged litigation. Out of these, 284 cases were settled with SEBI collecting ₹798.87 crore in settlement charges and ₹64.84 crore in disgorgement fees. Meanwhile, 272 pleas were returned, rejected, or withdrawn. Most settlements were related to alleged violations such as insider trading, fraudulent trade practices, AIFs, mutual funds, and FPIs. On the appeals side, SEBI dealt with 533 new appeals before the Securities…

Real estate developer Godrej Properties reported a sharp 42% rise in net debt during the June quarter of FY26, reaching ₹4,637 crore, compared to ₹3,269 crore at the end of the previous fiscal. According to the company’s investor presentation, the debt-to-equity ratio has increased to 0.26 from 0.19. Despite the rise, leverage remains at a manageable level. The company has been pursuing an aggressive land acquisition strategy to capitalize on rising housing demand. In the first quarter of FY26, Godrej Properties acquired five land parcels across Mumbai, Pune, Bengaluru, and Panipat, with a combined revenue potential of ₹11,400 crore. These…

Shares of Tata Consultancy Services (TCS) are undergoing their sharpest decline since the 2008 global financial crisis. The company has lost nearly ₹5.66 lakh crore in market capitalization, falling 34% from its all-time high of ₹4,585.90. So far in 2025, the stock has slipped 26%, reducing its market value to ₹10.93 lakh crore from a peak of ₹16.59 lakh crore. The downturn has been triggered by a combination of weak demand, the disruptive impact of generative AI, and a mixed first-quarter performance. Foreign portfolio investors, who once had significant exposure to Indian IT, have reduced their TCS holdings from 12.35%…

Prime Minister Narendra Modi on Sunday announced that the Centre has circulated the draft of next-generation Goods and Services Tax (GST) reforms to all states, seeking their cooperation for implementation ahead of Diwali. Speaking at an event after inaugurating two expressways, PM Modi said the upcoming GST reforms aim to simplify tax structures and benefit the poor, middle class, and businesses of all sizes. He emphasized that reforms under the GST framework are designed to make governance more efficient and business operations smoother. Under the proposed structure, the current four GST slabs — nil, 5%, 12%, 18%, and 28% —…

The Finance Ministry has convened a meeting of public sector bank (PSB) chiefs on Wednesday, August 20, 2025, to review their first-quarter financial performance. The meeting will be chaired by Financial Services Secretary M. Nagaraju, sources said. Public sector banks collectively reported a record profit of ₹44,218 crore in Q1 FY26, marking an 11% year-on-year growth compared to ₹39,974 crore in the same quarter last year. The State Bank of India (SBI) led the performance, contributing 43% of total PSB earnings, with a net profit of ₹19,160 crore, up 12% YoY. Despite SBI’s dominance, several mid-sized lenders recorded strong growth.…

The sixth round of India–US trade negotiations, originally scheduled for August 25, has been postponed and will be rescheduled, according to sources cited by CNBC-TV18. Washington is preparing to impose an additional 25% tariff on Indian goods starting August 27 under an executive order. If implemented, the move would effectively double the penalty on Indian exports to 50% in total. Officials familiar with the matter said the US position on tariffs remains firm, largely influenced by the absence of a peace agreement between the US, Russia, and Ukraine. The ongoing geopolitical crisis continues to drive Washington’s trade policy stance. Negotiations…