Author: Legal Parivar

Amid the controversy surrounding Bihar’s Special Intensive Revision exercise, Samajwadi Party (SP) president Akhilesh Yadav has accused the BJP of orchestrating bogus voting and irregularities during the Uttar Pradesh by-elections for nine assembly seats held in November 2024. In an interview with ANI, Yadav alleged that the BJP leveraged its influence and used the police to manipulate votes, urging the Election Commission to take strict action against district officials involved in the process. Demand for strict actionYadav argued that discrepancies in voter lists and cases of bogus voting could be prevented if the District Magistrates (DMs) of the by-poll constituencies…

A British Royal Air Force (RAF) F-35B Lightning II stealth fighter jet was forced to make an emergency landing at Kagoshima Airport in southern Japan on Saturday morning after the pilot detected a possible technical fault, Japanese authorities confirmed. The aircraft, operating from the Royal Navy’s flagship aircraft carrier HMS Prince of Wales, was taking part in large-scale joint exercises with Japan’s Self-Defense Forces, the US military, and other regional partners in the Western Pacific. The drills are set to run until August 12. Airport officials stated the incident occurred around 11:30 a.m. local time, when the pilot requested emergency…

Karnataka’s Chief Electoral Officer (CEO) has issued a notice to Congress leader Rahul Gandhi over his allegation that a 70-year-old woman from Mahadevapura, Shakun Rani, had cast her vote twice. The CEO has asked the Leader of Opposition to submit all “relevant documents” supporting his claims. The poll body also clarified that, upon inquiry, Shakun Rani stated she had voted only once, contrary to Rahul Gandhi’s accusation. What Rahul Gandhi allegedIn a video posted on his YouTube channel on Friday, Rahul Gandhi alleged that 1,00,250 votes were “stolen” in Karnataka’s Mahadevapura constituency. He claimed this included nearly 12,000 duplicate voters,…

IndusInd Bank is focusing on strengthening retail liabilities, expanding secured retail and MSME lending, and adopting a selective approach in the corporate segment for the current financial year, according to Chairman Sunil Mehta. The initiatives come as the bank works to recover from financial and reputational setbacks caused by past governance lapses. Calling FY25 a “watershed year” for the lender, Mehta acknowledged that it was also a period of internal reckoning. “We faced certain challenges that required swift, transparent, and decisive actions by the Board and management. These events, though unfortunate, have driven a major transformation rooted in ethics, accountability,…

Union Agriculture Minister Shivraj Singh Chouhan will on Monday digitally transfer ₹3,200 crore in crop insurance claim amounts under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The event will be held in Jhunjhunu, Rajasthan, and will be attended by Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath Choudhary, and Rajasthan Agriculture Minister Kirodi Lal Meena. According to the official statement, the distribution will include: Chouhan stated that the Centre has introduced a simplified claim settlement system to ensure faster payouts. Claims can now be paid proportionately based on the central subsidy…

JM Financial Credit Solutions Ltd, a wholly-owned subsidiary of JM Financial, announced on Sunday that it has signed an investment agreement with Bajaj Allianz Life Insurance Company to sell 1.36 crore equity shares of JM Financial Home Loans Ltd (JMFHLL), representing a 2.1% stake, at ₹48 per share. The transaction, valued at ₹65.5 crore, is expected to be completed by August 31, 2025. Following the sale, JM Financial Credit Solutions’ stake in JMFHLL will reduce from 8.98% to 6.88%, while JM Financial’s overall holding in the subsidiary, through its arms, will drop from 98.76% to 96.66%. For FY 2024-25, JMFHLL…

The upcoming week in August 2025 is set to be eventful for investors, with a series of dividend announcements and corporate actions across multiple sectors, including FMCG, finance, energy, and infrastructure. Prominent companies such as Akzo Nobel, Grasim, ICICI Bank, Godrej Consumer, Pidilite Industries, and others are gearing up to reward shareholders with substantial payouts. Under the T+1 settlement cycle, investors must purchase shares one trading day before the ex-dividend date to be eligible for these dividends or other corporate actions. Key Dividend Announcements This Week Monday, August 11, 2025 Tuesday, August 12, 2025 Wednesday, August 13, 2025 Thursday, August…

The JSW Cement initial public offering (IPO), open for subscription from August 7 to August 11, has been subscribed 56% overall as of the second day. Retail investors have booked 72% of their allotted quota, non-institutional investors (NIIs) 62%, and qualified institutional buyers (QIBs) 24%. Of the total issue, 50% is reserved for QIBs, at least 15% for NIIs, and a minimum of 35% for retail investors. Founded in 2009, JSW Cement ranks among the top 10 cement manufacturers in India by installed capacity and sales volume as of March 31, 2025, and is one of the three fastest-growing cement…

Punjab National Bank (PNB) has identified more than 100 non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) in FY26, with an outstanding book value of ₹4,000–5,000 crore, Managing Director and CEO Ashok Chandra told PTI. Chandra said the bank expects an average recovery of 40–50% from these accounts, with some cases potentially yielding full recovery due to strong collateral. “We are anticipating good recoveries this year, and in some accounts, we may even achieve 100%,” he said. Aggressive Growth PlansThe country’s second-largest public sector bank is aiming to cross the ₹30 lakh crore total business milestone by March…

The domestic stainless steel industry has urged the government to impose anti-dumping duties on low-cost imports that are threatening local manufacturers. According to Jindal Stainless Managing Director Abhyuday Jindal, the Indian Stainless Steel Development Association (ISSDA) has filed a petition with the Directorate General of Trade Remedies (DGTR) seeking an investigation into the dumping of stainless steel products from certain countries. The DGTR, operating under the Ministry of Commerce, is India’s top authority for trade remedial measures, including anti-dumping, countervailing duties, and safeguard actions. Petition Filed, Industry Awaits DGTR Investigation Jindal revealed that the application was submitted at the end…