Author: Legal Parivar

Read Full Judgment: Dharambir vs. State of Haryana In the case of Dharambir @ Dharma vs. State of Haryana, Criminal Appeal No. 1858 of 2009, the Supreme Court examined the conviction of the appellant for the offence punishable under Section 302 of the Indian Penal Code (IPC) by the Sessions Judge, Bhiwani, which was upheld by the Punjab and Haryana High Court. The incident dated back to June 5, 1998, where the appellant allegedly stabbed the deceased, Karambir, at Prabhat Cinema in Bhiwani. The prosecution’s case primarily relied on the testimony of Krishan Kumar (PW-5), the brother of the deceased,…

Read Full Judgment: Bhupatbhai Bachubhai Chavda & Anr. v. State of Gujarat The Supreme Court of India heard Criminal Appeal No. 334 of 2019, involving father and son appellants, accused of assaulting and causing the death of an individual named Punjabhai in 1996. Initially acquitted by the Sessions Court, the State of Gujarat appealed the decision, resulting in the High Court converting the acquittal into a conviction under various sections of the Indian Penal Code. The Supreme Court’s intervention was sought thereafter. The prosecution’s case relied heavily on witness testimony, particularly that of PW-4 Karshanbhai, an eyewitness. However, discrepancies emerged…

The Indian embassy in the UAE issued advice on Friday, urging inbound Indian travelers heading to or transiting through Dubai International Airport to postpone non-essential travel until operations return to normal following unprecedented rainfall in the city this week. The United Arab Emirates is grappling with the aftermath of the historic rainfall, which has led to extensive flooding in Dubai and its vicinity. While UAE authorities are working tirelessly to restore normalcy, the embassy highlighted that airport authorities recommend passengers to proceed to the airport “only after” receiving final confirmation from their airlines regarding the departure schedule. The advisory mentioned…

For the first time in at least 20 years, top Indian IT services giants Tata Consultancy Services (TCS), Infosys, and Wipro collectively experienced a decline in full-year headcount. In the fourth quarter ending on March 31, 2024, the combined employee count of these three companies dropped by 63,759. Wipro, on April 19, reported a decrease of 6,180 employees in Q4. This occurs as IT firms seek to enhance the utilization rate of existing staff while reducing attrition to bolster operating margins. On an annual basis, Wipro’s headcount declined by 24,516 in FY24, marking the second consecutive year of a full-year…

Apparel manufacturer Gokaldas Exports Ltd intends to raise ₹600 crore through a qualified institutional placement (QIP) of up to 7,741,935 equity shares, with an indicative price of ₹775 each, as per a term sheet reviewed by Mint. The QIP, which opened on Thursday with a floor price set at ₹789.99 per equity share, has garnered nearly double the subscriptions, attracting significant interest from major investors, according to four individuals familiar with the matter. Among the investors showing interest in Gokaldas Exports’s QIP are SBI Mutual Fund, Fidelity Investments, Nippon India Mutual Fund, Goldman Sachs, Birla Mutual Fund, Tata AIG, and…

In a statement issued by the company on April 19, the board of Wipro Limited has announced the re-appointment of Azim Premji and his son Rishad to the board for a five-year term effective from July 31, 2024. This decision is contingent upon the approval of shareholders. Azim Premji will continue as Wipro’s Non-Executive, Non-Independent Director, while Rishad will serve as the Executive Chairman until July 2029. Rishad joined Wipro in 2007 and has held various roles within the company, culminating in his appointment as Executive Chairman in 2019. He started as a general manager in Wipro’s Banking and Financial…

According to a government source speaking to Reuters, the Indian government is considering a minority stake sale in the General Insurance Corporation of India ( GIC ) and the Life Insurance Corporation of India ( LIC ) during the financial year 2024/25. This decision will be made after evaluating investor interest.

The rupee initially faced losses but ended 4 paise higher at 83.48 against the US dollar on Friday, following a robust rebound in domestic equities. Forex traders noted that early trade saw the rupee decline due to risk aversion in global markets amid tensions in the Middle East. However, reports of RBI intervention to support the rupee led to its recovery. Beginning at 83.58 against the greenback, it reached an intra-day high of 83.46. Closing at 83.48 against the dollar, it marked a 4 paise increase from the previous close. The rebound in the rupee was partly attributed to reports…

Vodafone Idea’s follow-on public offer (FPO) saw a 43% subscription rate on Day 2, with investors acquiring 535.88 crore equity shares, according to exchange data. As part of a larger plan to raise Rs 45,000 crore through debt and equity, the country’s third-largest telecom operator is offering 1,260 crore shares in the Rs 18,000-crore FPO, the largest of its kind in the country. Qualified institutional investors led the subscriptions, acquiring 0.88 times their allotted share quota, while non-institutional investors secured 0.56 times their reserved portion. Retail investors subscribed to only 0.11 times their share allocation, purchasing 70.9 crore shares out…

HDFC AMC Q4 results show a rise in net profit to ₹541 crore, with the company’s revenue climbing to ₹695.4 crore. HDFC Asset Management Company (AMC) released its Q4 results, revealing a 43.8% increase in standalone net profit to ₹541 crore and a 28.5% year-on-year rise in revenue to ₹695.43 crore, compared to ₹540.95 crore in the previous period. Additionally, the AMC announced a final dividend of ₹70 per share of Rs. 5/- each, subject to shareholder approval at the Annual General Meeting. In its filing with the BSE on Friday, April 19, HDFC AMC stated, “Further, the Board of…