Author: Legal Parivar

The Supreme Court issued guidelines on Monday to prevent the “disparaging” portrayal of persons with disabilities in visual media and films. The ruling, stemming from a plea filed by Nipun Malhotra, highlighted concerns over the derogatory depiction of differently abled individuals in the Hindi film ‘Aankh Micholi’. Chief Justice D Y Chandrachud, leading the bench, emphasized that terms like “cripple” and “spastic” have acquired negative connotations in society. The court mandated that the film certification body CBFC seek expert opinions before approving screenings. The guidelines underscored the need for visual media to depict the diverse realities of people with disabilities,…

Larsen & Toubro’s (L&T) renewable energy division has secured substantial contracts with an undisclosed Middle Eastern partner to develop Gigawatt-scale Solar PV plants totaling 3.5 GW, the company announced on July 8. The agreement also covers grid interconnections, including pooling substations and overhead transmission lines. Detailed engineering and initial construction are set to begin soon, with the deal valued between Rs 10,000 crore and Rs 15,000 crore, as per filings. Shares of Larsen & Toubro traded down 0.71% at Rs 3,601.10 on the NSE at 11:43 am. Earlier in June, the company had announced securing an order for a solar-cum-storage…

Mumbai Rains: Mumbai experienced more than 300 mm of rainfall from 1 am to 7 am on Monday, leading to severe flooding in areas like Kurla and Andheri and disrupting rail services, severely impacting daily life. The India Meteorological Department (IMD) issued an orange alert for Maharashtra, forecasting heavy rainfall throughout the day. In a social media post on X, IMD mentioned, “Expect light to moderate rainfall over Mumbai in the next 3 hours.” Further heavy precipitation was predicted during the day, exacerbating the ongoing havoc caused by incessant rains in the financial capital. On Sunday, extensive waterlogging led to…

Swan Energy witnessed a significant surge of 5% after a block deal of 1.22 million shares on July 8, By 10:41 am, the stock had hit the upper circuit at Rs 692.60 on the National Stock Exchange (NSE). The company operates across multiple sectors including textiles, real estate, energy, and petrochemicals. Its business segments encompass Textile, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, and Power Generation. Swan Energy recently approved the acquisition of a 49% equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative (IFFCO) for Rs 440 crore. This move aims to strengthen its presence…

Today, several stocks including Bharat Electronics, Zydus Lifesciences, CG Power & Industrial Solutions, Dr Reddys Laboratories, and Trent reached their highest levels in the past 52 weeks. However, the Nifty 50 index declined by -18.35 points (-0.08%), and the Sensex was down by -98.64 points (-0.12%) as of 10:59:55 AM IST on July 8, 2024. Meanwhile, the Bank Nifty index saw a decline of -95.6 points (-0.18%) as of 10:44:56 AM IST today. On the flip side, stocks such as Brightcom Group, Bohra Industries, Praxis Home Retail, Mep Infrastructure Developers, and Sel Manufacturing Company hit their lowest points in the…

DOMS Industries witnessed a significant surge on Monday, reaching a record high of ₹2,367.50 per share on the BSE. This rally marks the seventh consecutive day of gains, with the stock rising over 10% in just one week following a ‘Buy’ rating initiation by Axis Securities. Axis Securities has set a price target of ₹2,670 per share for DOMS Industries, indicating an 18% upside from Friday’s closing price. The brokerage firm cited DOMS’ strong performance over several quarters, driven by expansion into under-penetrated markets, new product development, and capacity expansion. The report highlights DOMS’ strategic move into the bags and…

The Congress criticized Prime Minister Narendra Modi on Monday, pointing out that while Rahul Gandhi will make his third visit to Manipur since violence erupted in May last year, the PM has not visited the state even briefly. Congress general secretary Jairam Ramesh remarked, “Today, while the non-biological PM travels to Moscow, the Leader of the Opposition in the Lok Sabha heads to Assam and Manipur.” Ramesh also commented on Modi’s visit to Moscow, suggesting that claims about the PM’s role in pausing the Russia-Ukraine war could become even more extravagant following this trip. Highlighting Rahul Gandhi’s frequent visits to…

Today, July 8, the Supreme Court will hear petitions seeking cancellation of the NEET-UG 2024 exam due to alleged malpractices and paper leaks. A bench comprising Chief Justice of India DY Chandrachud, along with Justices JB Pardiwala and Manoj Misra, began proceedings at 10:30 AM. NEET-UG cases listed as item 31 on today’s docket. The Central Government and the National Testing Agency have filed affidavits opposing the cancellation, arguing that isolated incidents of malpractice should not invalidate the exam, which affects the futures of numerous honest students. Petitioners have requested a retest, citing widespread paper leaks that they claim have…

Dabur Shares: Dabur India saw its shares rise by over 4% on July 8 following a positive business update for the April-June quarter. The company expects mid to high single-digit growth in consolidated revenue for Q1FY25. At 10:35 am, Dabur India shares were trading at Rs 629.70 apiece on the NSE. The company anticipates mid-single-digit volume growth in its India business, driven by improving demand, particularly in rural markets supported by a normal monsoon and government economic initiatives. Dabur forecasts high-single-digit growth in the home & personal care (HPC) and healthcare segments. However, the beverage segment faces challenges due to…

PC Jeweller Shares: Shares of PC Jeweller surged by 10% to hit the upper circuit after the company announced on July 7 that Punjab National Bank (PNB) had approved its One Time Settlement (OTS) proposal. PNB, a key lender in PC Jeweller’s consortium, conveyed its approval in a letter dated July 6. PC Jeweller’s stock has declined more than 5% in the last six months, underperforming the Nifty 50, which has risen over 13% during the same period. The jewellery firm, facing financial challenges, disclosed that the OTS terms involve cash, equity components, and provisions for releasing securities and mortgaged…