Author: Legal Parivar

Ajay Devgn’s association with Panorama Studios International has proven to be a lucrative venture, with his initial investment of Rs 2.74 crore yielding a three-fold return. The film production company recently issued 9 lakh equity shares to various investors, generating Rs 24.66 crore, along with 15.41 lakh warrants to promoters and non-promoters amounting to over Rs 10 crore. Devgn acquired 1 lakh shares at Rs 274 each, totaling Rs 2.74 crore. By March 4, the value of his investment had soared to Rs 9.95 crore, marking a substantial increase. Panorama Studios International, currently valued at Rs 1,200 crore, has witnessed…

Skoda Auto India upcoming model, scheduled for a 2025 release, will enter the B-segment Sports Utility Vehicle (SUV) market and is expected to be priced between Rs 8 lakh and Rs 14 lakh (ex-showroom), according to sources familiar with the matter. The petrol-driven SUV will directly compete with popular models like the Tata Nexon, Hyundai Venue, and Maruti Brezza in the B-segment SUV market. Typically, B-segment cars are known for their compact size, affordability, and fuel efficiency, making them suitable for city driving. Skoda has confirmed that its compact SUV will be based on the MQB-A0-IN platform, the same platform…

The Supreme Court admonished Tamil Nadu minister Udhayanidhi Stalin on March 4 for his petition seeking the quashing or consolidation of six FIRs lodged across five states related to his alleged hate speech against ‘Sanatan Dharma.’ The court adjourned the plea for hearing on March 15. Last September, Udhayanidhi Stalin, a DMK leader and son of Tamil Nadu Chief Minister MK Stalin, sparked controversy by likening Sanatana Dharma to diseases like ‘malaria’ and ‘dengue’ during an event titled ‘Sanatana Eradication Conference’ in Chennai. His comments led to criminal complaints and PILs filed against him, resulting in FIRs being filed in…

Over 13,000 real estate agents in Maharashtra have seen their registrations expire, as per a list released by the Maharashtra Real Estate Regulatory Authority (MahaRERA). The authority has warned homebuyers against engaging with these agents. Since its establishment in May 2017, MahaRERA has required all real estate agents to register with them. Six months ago, agents were also instructed to display their RERA registration numbers and QR codes on their promotional materials. In Maharashtra, which is one of the largest real estate markets in the country, over 44,000 real estate agents are registered. These agents are required to renew their…

IIFL Finance clarified on March 5 that it does not face any governance issues following the Reserve Bank of India’s decision to prohibit the NBFC from sanctioning and disbursing gold loans. During a conference call with analysts, IIFL Finance stated, “We want to emphasize that there are no governance issues. These are operational matters that we are addressing with utmost sincerity. We are taking immediate and comprehensive measures to resolve this issue. All other business activities, except for gold loans, will continue as usual.” On March 5, IIFL Finance’s stock on BSE plummeted by 20% after the RBI barred the…

Prime Minister Narendra Modi extended congratulations to Shehbaz Sharif for his oath-taking ceremony as the Prime Minister of Pakistan. Sharif assumed office on Monday for the second time, taking charge of the country’s leadership amidst financial challenges, following a contentious election marked by allegations of vote tampering. Expressing his sentiments on X, Modi stated, “Congratulations to @CMShehbaz on his swearing-in as the Prime Minister of Pakistan.” In the elections held on February 8, Sharif’s Pakistan Muslim League-Nawaz (PML-N) secured the second position. Although independent candidates supported by imprisoned former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) emerged with the most…

The Congress criticized the Centre on Tuesday regarding the State Bank of India’s move to the Supreme Court seeking an extension to disclose electoral bond details, alleging that the Modi government is using the country’s largest bank to conceal its questionable dealings. The State Bank of India (SBI) filed a plea on Monday, requesting an extension until June 30 to reveal the details of each electoral bond cashed by political parties. Last month, the Supreme Court directed the SBI to provide these details to the Election Commission by March 6. Congress President Mallikarjun Kharge asserted that the Congress views the…

Infibeam Avenues witnessed a remarkable 8% surge on March 5th, following the announcement of receiving the final authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator under the Payment Settlements Act, 2007 for CCAvenue, its AI-powered fintech division. Back in October 2022, Infibeam Avenues had obtained the in-principle approval from the RBI to function as a Payment Aggregator (PA). Now, with the grant of the final Payment Aggregator license, the company’s shares soared, trading at Rs 36.95 on the National Stock Exchange (NSE) by 10:57 am. Over the past six months alone, Infibeam Avenues’ stock…

Gold prices on the Multi Commodity Exchange (MCX) surged to a record high of ₹64,575 per 10 grams on Monday, preceding the anticipated testimony of US Fed Chief Jerome Powell before the US Senate this week. However, MCX gold rates experienced some downward pressure during morning trading today. The gold futures contract for April 2024 expiry opened lower at ₹64,331 per 10 grams, marking its intraday low as well. Nonetheless, buying interest at lower levels pushed the gold rate to an intraday high of ₹64,388 per 10 grams. Meanwhile, in the international market, spot gold hovered around the $2,113 per…

Following the UP Constable paper leak incident, Uttar Pradesh Police Recruitment Board Chairperson Renuka Mishra has been dismissed from her position. Rajeev Krishna has been appointed as her replacement on the recruitment board. Over 48 lakh candidates applied for over 60,000 constable positions in Uttar Pradesh. However, the examination had to be canceled due to the leakage of the question paper.