Author: Legal Parivar

Tata Mutual Fund has broadened its passive fund portfolio by introducing six index funds simultaneously on April 8. These new index funds include Tata Nifty Auto Index Fund, Tata Nifty Realty Index Fund, Tata Nifty Financial Services Index Fund, Tata Nifty MidSmall Healthcare Index Fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, and Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund. The initial offering for these schemes will be open from April 8 to April 22, with a minimum investment requirement of Rs 5,000 during the NFO period. Three of these schemes are industry firsts: Tata Nifty MidSmall Healthcare Index…

Cochin Shipyard (CSL) saw its share price reach a 52-week high of Rs 1,135.55 during early trading on April 8, following the company’s signing of the master shipyard repair agreement (MSRA) with the United States Navy. As of 09:33 am, Cochin Shipyard was trading at Rs 1,107.35, marking an increase of Rs 26.70 or 2.47 percent on the BSE. The MSRA, a non-financial agreement, will enable CSL to carry out repairs on US Naval vessels under the Military Sealift Command. CSL’s qualification for the MSRA came after a comprehensive evaluation and capability assessment conducted by the US Navy – Military…

In Monday’s morning trading session, Voltas’ share price surged by 10%, reaching its 52-week high. The company, in a recent announcement, celebrated a significant achievement, recording its highest-ever sales of 2 million AC units during the fiscal year 2023–2024. Voltas proudly emphasized that it has become the first brand in the history of India’s air conditioning industry to achieve such a remarkable milestone. Notably, Voltas witnessed an impressive 72% increase in AC sales volume during the fourth quarter of FY24.

Today, April 8, the Bharti Hexacom IPO share allotment will be finalized. Investors who applied for the Bharti Hexacom IPO can check the allotment status on the registrar’s portal, Kfin Technologies Ltd. The IPO, a subsidiary of Bharti Airtel, opened for subscription from April 3 to April 5, witnessing strong demand from both retail and non-institutional investors. During the subscription period, the Bharti Hexacom IPO received a subscription status of 29.88 times overall. On the final day, the retail component saw 2.83 subscriptions, while the Qualified Institutional Buyers (QIBs) quota had 48.57 subscriptions, and the non-institutional investors category recorded 10.52…

Shares of Titan Company are poised to open with gains on April 8 following its robust performance in the fourth quarter of FY24. The Tata Group firm reported a strong revenue growth of approximately 17 percent year-on-year and expanded its retail network by adding 86 outlets, bringing the total to 3,035 stores. Analysts remain bullish on Titan stock, foreseeing up to a 20 percent upside from its April 5 closing price. Centrum Broking expects Titan to maintain its operating margin despite intense competition in the jewellery sector, citing its competitive edge in design and sourcing, as well as higher ticket…

Read Full Judgment: The State of Madhya Pradesh v. Shilpa Jain & Ors In the case of The State of Madhya Pradesh v. Shilpa Jain & Ors., Criminal Appeal Nos. 1565-1567 of 2024 arose from a common order of the High Court of Madhya Pradesh quashing a First Information Report (FIR) and related criminal proceedings. The FIR, filed by the Tehsildar, Khategaon, alleged fraudulent sale transactions of government land, leading to charges under various sections of the Indian Penal Code. The factual background revealed a longstanding dispute over a property in Dewas, Madhya Pradesh, between the Nagar Palika (Original Plaintiff)…

Read Full Judgment: Chandan v. The State (Delhi Admn.) In Criminal Appeal No. 788 of 2012, the Supreme Court of India upheld the conviction of the appellant, Chandan, under Section 302 of the Indian Penal Code (IPC). The appellant was convicted for the daylight murder of Rakesh, with a reliable eyewitness testifying against him. The incident occurred on May 28, 1993, around 8:15 pm, when the eyewitness, PW-2, saw the appellant stabbing the deceased multiple times with a knife after a scuffle between them. Despite immediate medical attention, Rakesh succumbed to his injuries at Hindu Rao Hospital. The post-mortem examination…

Read Full Judgment: M/s. Jaiprakash Industries Ltd. (Presently known as M/s. Jaiprakash Associates Ltd.) vs. Delhi Development Authority The case of M/s. Jaiprakash Industries Ltd. (now known as M/s. Jaiprakash Associates Ltd.) versus Delhi Development Authority (DDA) revolves around perpetual lease deeds executed in 1983 by the President of India in favor of M/s. Jaiprakash Associates Pvt Ltd for certain plots. These plots were later included in a scheme of amalgamation approved by the High Court of Judicature at Allahabad in July 1986, whereby M/s. Jaiprakash Associates Pvt Ltd merged with M/s. Jaypee Rewa Cement Ltd, subsequently renamed M/s. Jaiprakash…

The Delhi High Court will hear a petition today regarding the postponement of the ICAI CA May Intermediate and Final Exams 2024. As the 18th Lok Sabha general elections approach, CA aspirants have been urging the Institute of Chartered Accountants (ICAI) to reschedule the exams from May to June. In the past month, students, CA experts, and various student organizations have been advocating for the rescheduling of the CA Intermediate and Final Exams for 2024 to June, instead of their originally scheduled dates in May. Despite ICAI’s efforts to avoid potential clashes with the upcoming elections, many CA aspirants remain…

1. Manipal Hospitals on the Verge of Acquiring Medica Synergie for Rs 1,400 Crore Manipal Health Enterprises, with backing from Temasek, is nearing the completion of a deal to purchase Medica Synergie for approximately Rs 1,400 crore, as reported by Business Standard. Upon finalization, Manipal will emerge as India’s largest hospital chain, surpassing Apollo Hospitals. 2. Apple’s Ecosystem in India to Construct Housing for Employees After generating 150,000 direct jobs, Apple’s ecosystem in India is now focusing on providing residential facilities for factory employees, per the Economic Times. Under a public-private partnership, over 78,000 units will be built, primarily in…