The government reported that individual investor participation in equity derivatives fell to 7.86 million, a 20% drop, and collective losses shrank by 18% year‑on‑year after SEBI’s anti‑speculation measures. Turnover also slipped to 202 trillion rupees from 213 trillion, indicating a broader pull‑back from risky contracts.
BSE’s addition to the Nifty 50 benchmark is set to generate about $700 million of one‑time passive inflows as index funds rebalance on the September 30 cut‑off. Beyond the immediate spike, analysts say the new exposure could lift trading liquidity, broaden institutional ownership and eventually lower BSE’s cost of capital, though much of the boost may already be priced in.
Brooklyn U.S. District Judge Nicholas Garaufis granted the Justice Department's request to drop fraud and bribery charges against Indian billionaire Gautam Adani, but blasted Principal Associate Deputy Attorney General Trent McCotter for coordinating the dismissal with Adani's lawyers. The judge confirmed the $10 billion investment pledge did not sway the decision.
Sudhir Sitapati resigned on Aug 11, just three days after shareholders re‑appointed him for a five‑year term. The board named CFO Aasif Malbari as managing director and CEO, moving a finance veteran with global FMCG experience to the helm. The abrupt shift could reshape GCPL’s growth strategy and investor confidence.
The Delhi High Court ordered Sun Pharma to obtain court approval before launching its semaglutide tablets, after Novo Nordisk filed a patent infringement plea. Sun argues the court lacks territorial jurisdiction and the relevant patent has expired. The ruling stalls Sun’s entry into the growing GLP‑1 market and underscores India’s tightening patent enforcement.
Direct‑tax receipts surged from ₹14.12 lakh crore to ₹23.40 lakh crore in five years, driven by mandatory PAN‑Aadhaar linking, expanded AIS, NUDGE alerts and stricter GST invoice checks. The filing base grew 24% to 8.67 crore, showing the compliance drive is paying off and widening the tax net for individuals and businesses alike.
Draft FEMA rules propose that an AIF’s control status be judged by foreign investor share, meaning funds with majority foreign capital could be treated as foreign-controlled entities even if sponsor/manager are Indian. That would trigger indirect FDI limits in sectors like real estate, defence, telecom, and could force new pricing/reporting compliance.
The civil aviation ministry pulled Air India’s senior team into a meeting after a Phuket‑Delhi flight lost altitude, leaving 20 passengers injured. A secondary psycho‑active substance test on the pilot reportedly came back positive, prompting DGCA and MoCA to scrutinise airline safety protocols.
Bain Capital’s joint control ends Manappuram’s family‑run era: VP Nandakumar becomes non‑executive chairman and veteran banker Ashish Singh takes over as MD/CEO in Jan 2027. The move follows a Q1 profit surge to ₹585 cr, a four‑fold rise, underscoring the lender’s growth momentum.
The Reserve Bank of India cancelled the Certificate of Registration of 59 non‑banking financial companies under Section 45‑IA (6) of the RBI Act. The move signals a heavy‑handed clean‑up of non‑compliant NBFCs, tightening credit supply and warning the sector to meet tighter regulatory standards.
Beijing’s customs authority revoked the registration of seven Indian rice exporters, citing GMO contamination, effectively stopping rice shipments to China. India insists no GM paddy is cultivated and accuses the move of being malicious, risking a major market for its non‑basmati rice exports.
You’re caught up.
That was all 11 stories in the 12 August issue.