Author: Legal Parivar

The US National Weather Service has announced that a powerful geomagnetic storm hitting Earth is anticipated to intensify, offering another chance to witness dazzling auroras on Sunday. Multiple intense Coronal Mass Ejections (CMEs) are predicted to reach the Earth’s outer atmosphere by later today, as stated by the US National Weather Service. These ejections have already produced spectacular celestial displays across various parts of the Earth since Friday, extending beyond the usual extreme latitudes where auroras are commonly observed. Keith Ryden, head of the Surrey Space Centre in England, mentioned to AFP news agency that the plasma and magnetic fields…

Today, on Thursday, May 13, at least 51 companies are slated to unveil their fourth-quarter (Q4) financial results for the fiscal year 2024. This marks a continuation of the ongoing Q4 earnings season, which commenced in the second week of April and is still underway. Over 500 companies are expected to announce their Q4 results throughout this week. These earnings reports hold significant importance in the domestic market, as they are poised to influence stock movements. Notable entities such as DLF, Zomato, Apollo Tyres, Bharti Airtel, Dixon Technologies, India Energy Exchange (IEX), Shree Cements, GAIL, JSW Steel, and RVNL are…

Buzzing Stocks: Stocks to Watch:

Wipro is reportedly finalizing a settlement agreement with its former CFO Jatin Dalal and former healthcare head Mohd Haque, with the pact expected to be formalized within the week, as per a report by the Times of India. LegalParivar has not independently verified this information. According to the report, Wipro is seeking Rs 25 crore from Dalal in a lawsuit filed in a Bengaluru civil court for breach of contract, as he joined Cognizant as CFO immediately after leaving Wipro on November 30. In November, Wipro filed a lawsuit against Dalal, accusing him of violating the non-compete clause in his…

Lok Sabha Elections 2024:Voting for the fourth phase of the Lok Sabha Elections 2024 commenced at 7 am this morning. This phase encompasses 96 parliamentary constituencies spread across nine states and one Union Territory. Additionally, simultaneous elections are slated for 175 assembly seats in Andhra Pradesh and 28 assembly seats in Odisha during this phase. Regional Breakdown:Polling on Monday spans various regions, including all 25 Lok Sabha constituencies in Andhra Pradesh, five in Bihar, one in Jammu and Kashmir, four each in Jharkhand and Odisha, eight each in Madhya Pradesh and West Bengal, 17 in Telangana, 11 in Maharashtra, and…

The Indian stock market is anticipated to commence the week on a lower note, in line with the subdued sentiments prevailing in global markets. Asian markets registered declines following the release of significant economic data from China and reports hinting at potential tariff hikes by US President Joe Biden on certain Chinese goods. Last week, Indian benchmark indices ended higher but witnessed a weekly decline of over 2%, primarily due to extensive selling in broader markets. The Sensex closed up by 260.30 points at 72,664.47, while the Nifty 50 settled 97.70 points higher at 22,055.20. The ongoing Lok Sabha elections,…

On Monday, May 13, Prime Minister Narendra Modi issued a public appeal, urging citizens to participate actively in the ongoing Lok Sabha elections. He specifically addressed the voting process for the fourth phase, encompassing 96 seats across 10 states and union territories. Taking to the social media platform X, formerly known as Twitter, PM Modi emphasized the significance of voter turnout in these constituencies. Expressing confidence in the electorate’s engagement, particularly highlighting the participation of youth and women voters, he called upon everyone to fulfill their democratic responsibility. PM Modi’s message underscored the importance of strengthening democracy through active participation…

Home Minister Amit Shah delivered a firm address at a public gathering in Uttar Pradesh’s Rae Bareli on May 12, asserting India’s sovereignty over Pakistan-occupied Kashmir (PoK) and dismissing any notions of relinquishing the territory, despite Pakistan’s possession of nuclear capabilities. Addressing the crowd, Shah posed a rhetorical question, “Should we abandon PoK just because Pakistan has nuclear weapons?” He reiterated India’s unwavering stance, declaring, “I assure you today, we are not afraid of nuclear weapons. PoK is an integral part of India and will remain so.” Additionally, during an election rally in Pratapgarh, Shah emphasized that while Rahul Gandhi…

Zomato announced on Sunday that the auditor for its subsidiaries, Zomato Hyperpure and Blink Commerce, has resigned, effective immediately. This move clears the path for Deloitte Haskins & Sells to be appointed as their replacement, aiming to streamline the audit process. Batliboi & Associates, the statutory auditors for the two wholly-owned subsidiaries since April 1, 2023, until the conclusion of the 13th AGM, resigned as of May 12, 2024, according to Zomato’s regulatory filing. The resignation came following discussions and correspondence indicating Zomato Limited’s desire to align the statutory auditor of the company with the auditors responsible for the consolidation…

On May 12, 2024, JK Cement revealed its fourth quarter financial outcomes. The company witnessed a remarkable 101% surge in its consolidated net profit, reaching ₹219.75 crore for the quarter ending March 31, 2024, in contrast to ₹109.52 crore recorded in the corresponding period last year.