Author: Legal Parivar

Rashtriya Lok Janshakti Party president Pashupati Kumar Paras tendered his resignation as Union Minister on Monday, following the Bharatiya Janata Party’s (BJP) finalization of seat-sharing with Chirag Paswan for the upcoming Lok Sabha polls scheduled to commence in seven phases starting from April 19. In a press conference, Paras stated, “PM Modi is a prominent leader, but I feel my party and I have been treated unjustly. Therefore, I am stepping down as Union Minister,” as he submitted his resignation papers. The announcement came a day after the BJP-led NDA disclosed its seat-sharing agreement, allocating five seats to Chirag Paswan-led…

According to a report by the Financial Times, Deloitte is gearing up to overhaul its structure to trim expenses in preparation for an anticipated market slowdown. The firm aims to streamline its primary business divisions from five to four, as per insider information provided to the publication. These revised divisions will include audit and assurance, strategy, risk and transactions, technology and transformation, and tax and legal units. A spokesperson for Deloitte informed Bloomberg that the company recently finalized a process aimed at “modernizing and simplifying” its strategy. As highlighted in the Bloomberg report, the prominent accounting firms, collectively known as…

On the early hours of March 19, Tuesday, Income Tax raids targeted the outlets of the popular Bengaluru chain Meghana Foods. The raids, conducted at locations including Koramangala, Jayanagar, and Indiranagar, were carried out by teams from Karnataka and Goa’s Income Tax departments, suspecting potential tax evasion. Meghana Foods, headquartered in Hyderabad and initially established in Bengaluru in 2006, is renowned for its biryani, which is a must-try for visitors to Bengaluru. Owned by Padma Atluri and Rambabu Mandava, the chain specializes in Andhra cuisine and has garnered a dedicated following among biryani enthusiasts in the city over the years.

The Supreme Court has summoned Baba Ramdev and Acharya Balakrishna to appear in person before the court in response to contempt proceedings initiated against them. This action follows the continued dissemination of misleading advertisements by their organizations, which claim to offer permanent cures for various diseases. In February, the apex court had issued a contempt notice against Patanjali Ayurved and its Managing Director Acharya Balkrishna for promoting products through advertisements that contravene the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 and its Rules. As of 11:50 a.m. on March 19, shares of Patanjali Foods were trading 4.46 percent lower…

Ashok Leyland, the flagship company of the Hinduja Group, announced on Tuesday a strategic partnership with Minus Zero aimed at developing customized autonomous trucking solutions within India. Minus Zero, headquartered in Bengaluru, is a startup specializing in autonomous driving technology. This collaboration seeks to revolutionize commercial trucking by implementing autonomous solutions on a large scale. Initially, the focus will be on creating autonomous trucking solutions tailored for ports, factory operations, and corporate campuses, according to a statement from the heavy commercial vehicle manufacturer based in the city. As global regulations and infrastructure progress to support autonomous driving, the alliance may…

JBM Ecolife Mobility, a subsidiary of JBM Auto, revealed on Tuesday that it secured a significant contract worth Rs 7,500 crore for the supply of 1,390 electric buses. The contract, awarded by Convergence Energy Services Limited (CESL), encompasses procurement, supply, operation, and maintenance of the buses as part of the PM-eBus Sewa Scheme. Additionally, the firm will oversee the development of associated electric and civil infrastructure on a gross cost contracting (GCC) basis under the scheme. The company is tasked with fulfilling the order within the next 12 to 18 months. Following the announcement, the company’s stock surged by 5.56%…

The Supreme Court declined to entertain requests from major industry associations to postpone the disclosure of electoral bond numbers, a move that would facilitate linking donors to political parties. Despite a separate order directing the chairman and managing director of the State Bank of India (SBI) to submit an affidavit by March 21, confirming the disclosure of all electoral bond details, the court refused to hear the industry bodies’ pleas. Chief Justice of India DY Chandrachud pointed out that the industry bodies had approached the court after the judgment had already been delivered and emphasized that there were no applications…

The initial public offering (IPO) of KP Green Engineering Ltd, a steel products manufacturer, is witnessing robust demand, particularly from retail investors. The ₹189.50 crore KP Green Engineering IPO has been heavily oversubscribed. KP Green Engineering IPO, categorized as an SME IPO, commenced its bidding process on March 15 and is scheduled to conclude on March 19. Currently, it is the second day of bidding for the KP Green Engineering IPO. As of Monday, March 18, the second day of bidding, the KP Green Engineering IPO has been oversubscribed by 3.90 times. Data available until 1:00 pm indicates that the…

In Bihar’s Khagaria district on Monday morning, a collision between a jeep and a tractor resulted in the tragic deaths of nine individuals, including three children, according to police reports. The incident occurred around 6:30 am near a petrol pump on National Highway 31 in the Pasraha area, with six others sustaining injuries, as per PTI citing police sources. Authorities stated that the occupants of the jeep were returning from a wedding when the accident transpired, noting that the tractor involved was overloaded at the time. The injured individuals were promptly taken to a nearby health center for medical treatment,…

Seoul’s Unification Ministry hinted on Monday at the possibility of Kim Jong Un’s daughter being considered for succession, amid increasing speculation about North Korea’s leadership plans. North Korean state media recently referred to Kim’s teenage daughter as a “great person of guidance,” a term typically reserved for top leaders and their potential successors, sparking renewed speculation about her future role in the regime. Analysts noted that this is the first time Kim’s daughter, known as Ju Ae according to South Korean intelligence, has been described in such terms by North Korea. The use of the term “great person of guidance”…