Author: Legal Parivar

Aurobindo Pharma, a prominent pharmaceutical company in India, has appointed T. Vijaya Kumar as President of Research and Development (Specialty Drug Delivery), effective from April 5, 2024. Kumar holds a Master’s degree in Pharmacy (M. Pharm.) with a specialization in Pharmaceutical Technology from Gulbarga University, Gulbarga (India). With nearly 30 years of experience in the pharmaceutical industry, Kumar brings extensive expertise to his new role. In recognition of his dedication and achievements, Kumar was honored with the prestigious Global Desh Bandhu Gupta Spirit of Lupin Award in 2022 for his commitment to excellence. Aurobindo Pharma reported a significant year-on-year increase…

Read Full Judgment: Annapurna B. Uppin & Ors. vs. Malsiddappa & Anr. The case of Annapurna B. Uppin & Ors. v. Malsiddappa & Anr. revolves around a dispute concerning investments made in a partnership firm. The respondent, Malsiddappa, alleged that he invested Rs. 5 lakhs in the partnership firm M/s Annapurneshwari Cotton Co., seeking repayment after 120 months with interest. However, upon maturity, the payment was denied, leading to the filing of a complaint before the District Consumer Disputes Redressal Forum (DCDRF) for deficiency in service. The appellants, legal heirs of the deceased managing partner Basavaraj Uppin, contested the complaint,…

Read Full Judgment: Manikandan v. State The judgment pertains to two criminal appeals, one filed by Manikandan (accused no.2) and the other by the accused no.1, whose identity is not provided. Both appellants were convicted under Section 302 read with Section 34 of the Indian Penal Code (IPC). The High Court upheld their conviction and life sentence. The case revolves around the fatal assault on Balamurugan by the accused on October 4, 2007, following a dispute regarding the delivery of idlis. According to the prosecution, the deceased, Balamurugan, visited the house of the accused no.1 to inquire about the undelivered…

Read Full Judgment: Operation Mobilization India & Ors. v. State of Telangana & Ors. The case before the Supreme Court of India involves a dispute arising from FIR No. 22 of 2016, filed by respondent no. 3 on September 29, 2016, under various sections including 409, 420, 477(A), and Section 37 of the Foreign Contribution (Regulation) Act 2010. The investigation was conducted by the Economic Offences Wing (CID), Telangana State. Challenges to the FIR were rejected previously, leading to the present appeal by Operation Mobilization India & others against the freezing of their accounts by CID Telangana State on November…

Read Full Judgment: State of Maharashtra v. National Organic Chemical Industries Ltd. The case of State of Maharashtra & Anr. vs. National Organic Chemical Industries Ltd. revolves around a dispute regarding stamp duty payment on an increase in share capital by the respondent company, National Organic Chemical Industries Ltd. (NOCIL). Initially, NOCIL paid stamp duty of Rs. 1,12,80,000 in 1992 when it increased its share capital to Rs. 600 crores. Subsequently, when it further increased its share capital to Rs. 1,200 crores, it paid an additional stamp duty of Rs. 25 lakhs in 1994. NOCIL later sought a refund of…

Wipro’s CEO and Managing Director, Thierry Delaporte, tendered his resignation effective April 6, as disclosed by the company to the exchanges. The software services giant has appointed Srinivas Pallia as the new CEO and MD, effective immediately. Delaporte, who led a significant transformation at Wipro over the past four years, is stepping down to pursue personal interests outside of the corporate realm. Unlike Delaporte, who was recruited from Capgemini, Pallia is a seasoned Wipro veteran with over three decades of experience within the organization. According to Wipro’s statement, Delaporte will be officially relieved from his duties with the company by…

Cipla, a prominent pharmaceutical company, revealed in a stock exchange filing on April 5 that its Board of Directors is scheduled to convene on May 10 to discuss and approve standalone and consolidated audited financial results for Quarter 4 and the fiscal year ending on March 31, 2024. Additionally, the company announced that the Board will deliberate on recommending a final dividend for the financial year 2023-24, if deemed appropriate. Furthermore, Cipla stated that it would release the audited financial results for Quarter 4 of the fiscal year 2023-24 on May 10. Cipla has maintained its tradition of consistent dividend…

On April 6, Vodafone Idea, a prominent telecom company, announced its plans to raise Rs 2,075 crore from its promoter, the Aditya Birla Group. The company’s Board has given the green light for the issuance of up to 1,39.5 crore equity shares to Oriana Investments Pte. Ltd., an entity within the Aditya Birla Group. These shares will be priced at Rs 14.87 per share, including a premium of Rs 4.87 per share. This preferential issue, subject to shareholder approval in a General Meeting, amounts to Rs 2,075 crore. The decision, as outlined in Vodafone Idea’s filing, involves the issuance of…

Stock trading can be both exhilarating and daunting, offering the potential for significant gains but also carrying inherent risks. While many investors dream of striking it rich in the stock market, success often comes from avoiding common mistakes rather than chasing elusive profits. In this article, we’ll delve into some of the most prevalent pitfalls in stock trading and share valuable lessons learned from experienced investors. Avoiding common mistakes in stock trading is essential for achieving long-term success and profitability in the market. By learning from the experiences of seasoned investors and steering clear of pitfalls such as inadequate research,…