Author: Legal Parivar

The Institute of Chartered Accountants of India (ICAI) has opted to reschedule CA exams due to the Lok Sabha elections, slated from April 19 to June 1. The revised exam dates will be disclosed today, March 19. Additionally, the ICAI CA exams are already planned for May. The Lok Sabha elections of 2024 will span from April 19 to June 1, with vote counting set for June 4. Previously, the intermediate group 1 exams were set for May 3, 5, and 7, and group 2 exams for May 9, 11, and 13. The final exam for group 1 was scheduled…

Cricketer-turned-politician Navjot Singh Sidhu is set to be a part of the upcoming Indian Premier League 2024 as a commentator, as announced by Star Sports Network on the social media platform X (formerly known as Twitter). In a post dated March 19, Star Sports India welcomed Sidhu to its esteemed team of commentators. “A wise man once said, ‘Hope is the biggest ‘tope’.’ And this wise man, the great @sherryontopp himself, has joined our Incredible StarCast!” the post read. IPL 2024 Opening Ceremony: Star-Studded Event Expected The IPL 2024 is slated to commence with a star-studded opening ceremony on March…

HG Infra Engineering’s shares surged 5.4% to Rs 942 during Tuesday’s trading session on BSE following the company’s announcement of securing four orders worth Rs 1,026 crore for its solar business through a joint venture (JV) with Stockwell Solar Services. According to the company’s statement filed with the exchange, Jodhpur Vidyut Vitran Nigam Limited has granted four contracts to the JV consortium comprising HG Infra Engineering and Stockwell Solar Services Private Limited. These contracts entail the development of four grid-connected solar power plants with a combined capacity of 203.76 MW (AC).

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) announced on Tuesday that it has secured an order to establish a 1,600 MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III from NTPC. Located adjacent to the existing 2,000 MW thermal power station (TPS) at Singrauli in Sonbhadra district of Uttar Pradesh, the plant will be set up by BHEL, as stated in a press release. Singrauli TPS, established by BHEL in 1982, was NTPC’s inaugural power plant in the state. The machines previously installed by BHEL at Singrauli have demonstrated exceptional performance since their commissioning. BHEL clinched the order from NTPC…

The Income Tax Department has introduced the offline forms (JSON utility) for ITR-1 and ITR-4 applicable for the financial year 2023-24 (assessment year 2024-25) on March 18, 2024. These forms will be utilized for filing income tax returns starting from April 1, 2024, for FY 2023-24 (AY 2024-25). The JSON utility serves as a file format for downloading or importing prefilled return data into the offline utility and for generating prepared ITR in the offline utility, as per the income tax e-filing website. Taxpayers whose accounts are not subject to audit have until July 31, 2024, to file income tax…

One of the two contenders vying for bankrupt Indian airline Go First has reportedly increased its bid following encouragement from lenders, according to two banking sources and an individual familiar with the matter on Tuesday. The consortium, led by budget carrier SpiceJet’s managing director Ajay Singh and including Busy Bee Airways, upped their bid by an amount ranging between 1 billion rupees ($12.06 million) and 1.5 billion rupees, as per one of the sources. The original bid had been at 16 billion rupees. As the sources were not authorized to speak to the media, they requested anonymity. Requests for comments…

Elvish Yadav, the winner of Big Boss OTT 2, has reportedly been arrested on March 17 and sent to 14-day judicial custody following allegations of supplying snake venom at parties to boost his social media following and generate income, as per sources cited by Indian Express, quoting Noida Police. Despite denial of the accusations during questioning, Yadav is said to have been implicated by substantial evidence. According to a police officer, Yadav’s motive appeared to be portraying himself as fearless and beyond the reach of law enforcement, seeking to enhance his image among fans. The investigation has revealed that snake…

Alok Industries, a penny stock, has witnessed remarkable growth over the past 4.5 years, soaring from ₹1.4 in October 2019 to approximately ₹28 presently, marking a staggering 1900 percent return for its investors. An investment of ₹10,000 in this stock in March 2020 would have burgeoned into ₹2 lakh today. Established in 1986 and headquartered in Mumbai, India, Alok Industries Limited specializes in manufacturing and distributing textile products both domestically and internationally. Its diverse product range includes apparel fabrics, cotton and blended yarns, knitted and woven garments, home textiles, polyester yarns, and embroidery products, among others. Over the last year,…

One 97 Communications, the parent company of Paytm, saw its share price continue to climb on March 19, extending gains from the previous session by nearly 5 percent. Over the course of three days, the stock has surged by 14 percent. This significant rally follows an upgrade by Yes Securities, which raised the payments company’s stock rating from “neutral” to “buy” and increased the target price from Rs 350 to Rs 505. The recent optimism surrounding Paytm stems partly from NPCI’s approval allowing the company to participate in UPI as a third-party application provider (TPAP), which enables Paytm to facilitate…

Today, the Indian stock market experienced significant selling pressure following a downturn in Asian stock markets triggered by the Central Bank of Japan’s policy reversal. The Nifty 50 index opened below the crucial 22,000 mark and reached an intraday low of 21,817, marking a loss of 238 points or over one percent compared to Monday’s closing level of 22,055. Similarly, the BSE Sensex opened approximately 300 points lower at 72,462 and hit an intraday low of 72,007, reflecting a one percent decline during Tuesday’s session. Furthermore, the Bank Nifty index also faced selling pressure, witnessing a decline of around 0.50…