Author: Legal Parivar

Ex-dividend: When the stock market opens on June 25, Tuesday, attention will be on shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd. These companies’ boards of directors have declared final dividends for eligible shareholders. Record Date and Ex-dividend Date:June 25 has been set as the record date by these companies to determine shareholders eligible for the dividends. Consequently, shares of these companies will trade ex-dividend starting June 25. Dividend Declarations: These dividends are subject to approval by the respective companies’ shareholders at their upcoming Annual…

Delhi Minister Atishi’s health deteriorated significantly early on Tuesday morning, prompting her hospitalization after several days of an indefinite hunger strike protesting Haryana’s withholding of Delhi’s rightful share of water. Atishi’s hunger strike, which began as a protest against Haryana’s stance on water allocation, intensified as she continued without food, despite the worsening impact on her health. According to a statement from the Aam Aadmi Party (AAP), Atishi’s condition became critical as her blood pressure and blood sugar levels dropped dangerously low. The AAP described her ketone levels as high, indicating potential long-term health risks. Despite these health concerns, Atishi…

F&O Ban List: On Tuesday, June 25, 2024, the National Stock Exchange (NSE) announced the ban of trading in eight stocks within the futures and options (F&O) segment due to these securities exceeding 95% of the market-wide position limit (MWPL). Despite this restriction, these stocks remain available for trading in the cash market. F&O Ban List for June 25 The stocks currently on the NSE’s F&O ban list are: The NSE has placed these stocks in the ban period as their derivative contracts have surpassed 95% of the MWPL. During this period, trading in these securities’ derivative contracts is restricted…

IND vs AUS: In a thrilling T20 World Cup match on June 24, 2024, at the Beausejour Stadium in St. Lucia, India faced off against Australia. Led by captain Rohit Sharma, India secured a spot in the semifinals with a dominant performance. Match Highlights: Australia won the toss and opted to bowl first. India’s innings was highlighted by a spectacular performance from skipper Rohit Sharma, who scored a blistering 92 off just 41 balls, featuring 7 fours and 8 sixes. This powerful innings helped India post a formidable total of 205 for the loss of 5 wickets in their allotted…

Article 352 of the Indian Constitution grants the President of India the power to declare a state of emergency in the nation or any part thereof. This proclamation can be made if the President is satisfied that a grave emergency exists whereby the security of India or any part of its territory is threatened, whether by war, external aggression, or armed rebellion. The provisions of this article were significantly revised by the 44th Amendment to prevent the misuse of emergency powers witnessed during the Emergency period (1975-1977). Key Provisions of Article 352 Revisions Introduced by the 44th Amendment The 44th…

The 44th Amendment to the Constitution of India, enacted in 1978, was a significant legislative response to the excesses and abuses witnessed during the Emergency period (1975-1977). This amendment aimed to restore and safeguard democratic principles and civil liberties that had been undermined during the Emergency. Here are the key aspects and provisions of the 44th Amendment: Key Provisions of the 44th Amendment Impact and Significance Conclusion The 44th Amendment to the Constitution of India stands as a landmark reform aimed at rectifying the excesses of the Emergency period. It fortified the democratic framework, ensuring that fundamental rights and civil…

Today marks the anniversary of the imposition of the Emergency by then-Prime Minister Indira Gandhi on June 25, 1975. This period, which lasted until March 21, 1977, remains one of the most controversial and transformative chapters in India’s democratic history. As we look back nearly half a century later, it is essential to understand the causes, events, and lasting impacts of this significant period. Background and Reasons for the Emergency Declaration and Implementation Political and Social Impact End of the Emergency Legacy As we enter the 50th year since the Emergency’s imposition, it serves as a sobering reminder of the…

Indian health insurer Niva Bupa is planning a $360 million IPO, potentially valuing the company at up to $2.5 billion, as per sources and a document reviewed by Reuters. British United Provident Association (Bupa), holding a 63% stake, plans to sell shares worth up to $38 million, while Indian private equity firm True North aims to sell shares worth up to $225 million, according to the IPO document. Niva Bupa is set to file for regulatory approval next week. Both Niva Bupa, Bupa U.K., and True North declined to comment. This move highlights India’s thriving IPO market, with investors increasingly…

Shares of Indian Renewable Energy Development Agency (IREDA) surged over 4 percent on June 24 following the announcement of a ₹1,500 crore bond issuance. This state-run company’s bond issue comprised a base amount of ₹500 crore and an additional ₹1,000 crore via a green shoe option. IREDA’s exchange filing revealed that the bond issue was oversubscribed by 2.65 times. The funds were raised at an annual interest rate of 7.44 percent for a tenure of 10 years and two months. “We are pleased with the overwhelming response to our bond issuance. The 2.65 times oversubscription underscores investors’ trust and confidence…

Tax season can seem daunting, but in India, you’re not required to file an Income Tax Return (ITR) if your income is below the basic exemption limit, which varies based on age and tax regime. Here’s a breakdown of the thresholds under the old regime: Under the new tax regime, the filing threshold is a uniform ₹3 lakh for individuals, Hindu Undivided Families (HUFs), and other individuals (excluding companies and firms). However, filing an ITR is mandatory if your total income exceeds the basic exemption limit. Additionally, certain types of income, such as capital gains or earnings from foreign assets,…