Author: Legal Parivar

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…

Heatwave Alert in India: IMD’s Weather Forecast The India Meteorological Department (IMD) has issued a heatwave alert for southern parts of India today. Additionally, light to moderate rains and hailstorms are predicted in East, Central, and Peninsular India until April 9. Heatwave Conditions Predictions by IMD: IMD forecasts heatwave conditions in isolated pockets of Rayalaseema, North Interior Karnataka, and Telangana on April 8. In Karnataka, heatwave conditions are expected over several districts. The maximum temperature is likely to rise gradually in various districts of North Interior Karnataka and South Interior Karnataka over the next two days. Yesterday, Rayalaseema recorded a…

Dividend stocks: Today, April 8, attention is on shares of Sun TV Network Ltd, Prima Plastics Ltd, Indian Metals & Ferro Alloys Ltd, and Promax Power Ltd as these companies’ Board of Directors have announced interim dividends, special dividends, and bonus issues for eligible shareholders. The record date for determining shareholders’ eligibility for these issues has been set for April 8. Regarding dividends: Shares of Sun TV Network, Prima Plastics, and Indian Metals & Ferro Alloys will trade ex-dividend on Monday. Concerning bonus issue: Shares of Promax Power will trade ex-bonus on Monday.

Top Events of the Day

Enthusiasts await the rare total solar eclipse, where the moon will entirely cover the sun, creating a captivating “ring of fire” spectacle. While not visible in India, the event will be watched across the United States, Canada, Mexico, and other parts of North America. Starting at 9:12 pm (IST) on April 8, it will conclude by 2:22 am on April 9. NASA will livestream the event on NASA+, NASA TV, and its official website. The telescope-only feed, without commentary, will be available on YouTube and NASA Television’s media channel, showcasing views from multiple locations. For those outside the path of…

Stocks in Focus:

Voltas, the leading residential air conditioner manufacturer, reported a remarkable 35% increase in sales to over two million units in FY24, marking the first time any company in the domestic market has surpassed this milestone. This achievement was credited to sustained demand for cooling products throughout the year, supported by a robust offline and online distribution network and the introduction of new innovative products, as stated by the Tata Group firm. In FY23-24, Voltas achieved the highest-ever sales of AC units by any brand in India, with a volume growth of 35%, making it the first brand to attain such…

Vishal Mega Mart Pvt., an Indian supermarket chain, is pushing forward with its plans for an initial public offering (IPO) this year, according to sources familiar with the matter. The company has selected Kotak Mahindra Bank Ltd. and ICICI Bank Ltd. to assist with arranging the share sale, which could occur as early as the fourth quarter of this year, the sources, who requested anonymity, revealed. Vishal Mega Mart is currently owned by private equity firms Partners Group Holding AG and Kedaara Capital, and the IPO would provide them with an opportunity to reduce their stakes, the sources added. Additional…