Meghna Mishra, a Senior Partner at Karanjawala & Co. with 24 years of experience, has resigned along with Principal Associate Ankit Rajgarhia to join Bahuguna Law Associates (BLA). Mishra, bringing expertise in commercial disputes and IPR, seeks a new chapter at BLA. Rajgarhia, a long-time colleague of Mishra, also joins BLA as Partner Designate.
Hero FinCorp, the financial services arm of Hero MotoCorp, has received SEBI's approval for its Rs 3,668 crore IPO. The IPO comprises a fresh issue of shares worth Rs 2,100 crore and an offer for sale of Rs 1,568 crore by existing investors. The funds raised will be used to augment the company's capital base for future lending activities.
Trilegal advised the book running lead managers on Belrise Industries' ₹21,500 million IPO, which was oversubscribed 41 times and saw an ~11% listing premium. Belrise Industries, an automotive component manufacturer, will use the IPO proceeds for debt repayment and general corporate purposes. The Trilegal team was led by Richa Choudhary and Murtaza Zoomkawala.
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA.
IndiGo, India's largest airline, faced penalties from Customs. Ahmedabad authorities fined ₹2.2 crore. Chennai Customs added ₹56.2 lakh. The penalties relate to customs duty demands. IndiGo believes it paid the duty correctly. The airline will appeal the orders. IndiGo stated the penalties will not impact its business.
Corporate legal luminary Zia Mody shares candid insights on the persistent gender gap in senior legal roles, the challenges women face in litigation, and balancing career with motherhood. Drawing inspiration from her father’s legacy of integrity, she highlights the need for male allies and inclusive systems. Mody also discusses the evolving role of AI in legal practice and offers encouragement to aspiring women lawyers to stay resilient and passionate in a demanding profession.
Good news for taxpayers. The Income Tax department has extended the deadline for filing Income Tax Returns for the Assessment Year 2025-26. The new due date is September 15, 2025, instead of the original July 31 deadline. This extension, according to the Central Board of Direct Taxes, is due to significant changes in the ITR forms.
Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator - Cross-Border.
Jio Financial Services Ltd (JFSL) announced that its subsidiary has received Sebi's approval to commence mutual fund operations under the name 'Jio BlackRock Mutual Fund.' This follows the incorporation of Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited.
While AI excels at tax compliance mechanics, it lacks the human intuition crucial for personalized tax planning. Human advisors offer strategic guidance, and provide clarity amidst complex regulations, fostering financial security and confidence.
OYO is reportedly engaging with bankers for a potential IPO, targeting a listing in the last quarter of the current fiscal year, with a valuation range of USD 6-7 billion. The company is in preliminary discussions and plans to file DRHP documents between August and September.
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