Author: Legal Parivar

The Bombay High Court has issued a ruling allowing homebuyers to claim interest for delayed possession from developers under Section 18 of the RERA Act, even after taking possession of the property. The case in question involved a developer in Pune’s Balewadi area, who faced a legal challenge from homebuyers seeking interest for delayed possession. The Maharashtra Real Estate Appellate Tribunal (MREAT) had previously directed the developer to pay interest for the delays. Under the RERA Act of 2016, homebuyers have the right to claim a refund or interest if possession is delayed or if possession is taken after a…

The stamp and registration department of Gautam Budh Nagar district, encompassing Delhi suburbs like Noida, Greater Noida, and housing clusters along the Yamuna Expressway, has witnessed a notable 18 percent increase in revenue collection for the fiscal year 2023-24 compared to the previous fiscal year. Officials from the district administration reported that the department recorded a revenue of Rs 3,585 crore in FY24, although it fell short of the Rs 4,728 crore target for the fiscal. This marked an increase from the revenue collection figure of Rs 3,018 crore in the preceding fiscal year. An official from the stamp and…

At 4 am on Wednesday, a significant fire erupted in a clothing store located in the cantonment area of Chhatrapati Sambhajinagar, Aurangabad. Commissioner of Police Manoj Lohiya stated in the initial investigation that seven individuals lost their lives due to suffocation. However, the origin of the fire is yet to be determined. (More details awaited)

A significant earthquake measuring 7.4 on the Richter scale struck the eastern region of Taiwan early on Wednesday morning, triggering tsunami alerts for Taiwan, southern Japan, and the Philippines. The epicenter, as per the United States Geological Survey (USGS), was located 18 kilometers south of Taiwan’s Hualien City, with a depth of 34.8 kilometers. Japan’s Meteorological Agency issued tsunami warnings, cautioning of waves up to three meters high for remote Japanese islands, including Miyakojima island. Taiwan issued tsunami alerts via text messages to coastal residents, urging them to be vigilant and prepared for sudden surges in waves. The quake’s impact…

Stocks in Focus Today: UltraTech Cement: Plans to invest ₹32,400 crore in expanding operations, aiming for a capacity of 200 MTPA with two new greenfield projects in Chhattisgarh and Tamil Nadu. Zee Entertainment Enterprises: CEO Punit Goenka announces a voluntary 20% salary reduction amid cost-effective measures within the organization. Mahindra and Mahindra Financial Services: Reports strong performance for FY24 with significant growth in disbursements and business assets. JSW Energy: Announces intention to raise ₹5,000 crore through Qualified Institutional Placement process for undisclosed purposes. Hindustan Zinc: Reports a slight decrease in mined metal production but an increase in refined metal production…

Key Events Today, several significant events are scheduled to take place across the country: Other notable events include:

According to Bloomberg reports, Amazon.com Inc. founder Jeff Bezos is set to acquire a six-bedroom home on South Florida’s Indian Creek island for approximately $90 million in an off-market deal. Bezos, worth $203.7 billion, intends to reside in this new property while planning to demolish other houses he owns on the island. Bezos announced his move to Miami from the Seattle region in November, having previously purchased two mansions in Indian Creek for $147 million. Indian Creek, known as the “Billionaire Bunker,” boasts wealthy residents including Jared Kushner, Ivanka Trump, Tom Brady, and Carl Icahn. In February, Bezos sold around…

The listing date for SRM Contractors IPO has been set for today (Wednesday, April 3), with trading commencing at 10:00 IST on both the BSE and NSE. In a special pre-open session, SRM Contractors share price will be available for trade from this time. As per a notification from the BSE, the equity shares of SRM Contractors Ltd. will be listed and admitted to dealings on the exchange in the list of “T” Group of Securities effective from April 3, 2024. The market anticipates a strong listing for SRM Contractors IPO, with significant investor interest demonstrated by a solid subscription…

Hindustan Copper emerges as the lone stock subjected to trade restrictions in the futures and options (F&O) segment by the National Stock Exchange (NSE) for April 3, 2024. The stock has been barred from F&O trading due to exceeding 95% of the market-wide position limit (MWPL), as reported by the NSE. However, despite the F&O restriction, the stock remains available for trading in the cash market. The NSE regularly updates its list of securities under F&O trade bans, with Hindustan Copper being the sole inclusion for this trading day. According to the NSE, derivative contracts for the specified securities that…

When the stock market opens on April 3 (Wednesday), attention will be on dividend stocks including Ashok Leyland Ltd, Iykot Hitech Toolroom Ltd, Shiva Cement Ltd, and Sunrise Efficient Marketing Ltd as their respective Boards of Directors have announced significant corporate actions for eligible shareholders. Ashok Leyland: The company has declared an interim dividend of ₹4.95 per equity share for the financial year ending 2023-24. The record date to determine eligibility for the dividend is April 3, with the payment scheduled on or before April 23. Iykot Hitech Toolroom: The company has announced a rights issue of up to 1.41…