Author: Legal Parivar

With the onset of the new financial year on April 1, salaried individuals find themselves at a crossroads, having to decide between the new and old tax regimes. Since FY 2023-24, the new income tax regime has become the default option, necessitating taxpayers’ understanding of the applicable income tax rates and slabs. Earlier in the month, the Finance Ministry addressed misinformation surrounding the new tax regime in a social media post, underscoring the importance of clarity on the subject. If you’re grappling with the decision between the two regimes, here are some pointers to help you make an informed choice:…

Preliminary assessments from the Indian Cellular and Electronics Association (ICEA) indicate a significant surge in the value of mobile device production in India, reaching ₹4.1 lakh crore ($49.16 billion) according to a Business Standard report. This represents a 17 percent year-on-year (YoY) increase. Despite stagnant domestic sales volume, the report highlights that the value of mobile exports remains robust. Smartphone sales remained relatively stable at 145-150 million units in FY24, with a slight uptick observed in the last quarter. The production value for the domestic market is projected to have grown by 11 percent, rising from ₹2.6 lakh crore in…

Vruddhi Engineering Works witnessed a subdued start on the BSE SME platform today, with its share price opening at ₹71, marking a marginal increase of 1.4% over the issue price of ₹70. The IPO subscription for Vruddhi Engineering Works commenced on Tuesday, March 26, and concluded on Thursday, March 28. The price band for the issue was set between ₹66 to ₹70 per share, with each share having a face value of ₹10. The lot size for the IPO comprised 2,000 shares, and bids could be placed in multiples of 2,000 shares, with a minimum bid of 2,000 shares. According…

GConnect Logitech and Supply Chain had a solid debut on the stock exchanges on April 3, 2024. The share price of GConnect Logitech and Supply Chain on the BSE SME platform opened at ₹42 per share, marking a 5 percent increase over the issue price of ₹40. The initial public offering (IPO) of GConnect Logitech was open for subscription from March 26 to March 28 at a price of ₹40 per share. The IPO of GConnect Logitech witnessed strong investor interest, with a subscription rate of 57.38 times over the three-day issue period. The public issue received bids for 7.6…

Blue Pebble share price witnessed a robust start, debuting at ₹199 on the NSE SME platform on Wednesday, marking an 18.5% premium over the issue price. Market sentiments had indicated expectations of decent listing gains, as suggested by the grey market premium data. The grey market premium (GMP) for Blue Pebble’s IPO was at +15, signifying that shares of Blue Pebble were trading at a premium of ₹15 in the grey market, as per data from www.investorgain.com. Considering the upper end of the IPO price range along with the existing grey market premium, the anticipated listing price for Blue Pebble…

SRM Contractors saw a tepid debut on the stock exchanges today. On the National Stock Exchange (NSE), SRM Contractors opened at ₹215.25 per share, marking a modest 2.5% increase from the issue price of ₹210. Meanwhile, on the Bombay Stock Exchange (BSE), the share price opened at ₹225 apiece, reflecting a more notable 7.14% uptick compared to the issue price. Market experts had predicted SRM Contractors’ share price to debut in the range of ₹270–₹290 per share. The IPO subscription status of SRM Contractors stood at an impressive 86.57 times on the third day of bidding, according to BSE data.…

Chhatrapati Shivaji Maharaj, the revered Maratha warrior king, passed away on April 3, 1680, due to health issues. Since then, this date has been commemorated every year as the death anniversary of the valiant Maratha leader. Shivaji Maharaj is celebrated for his strategic brilliance, unwavering courage, heroism, and administrative acumen. Here’s a glimpse into the life of the illustrious Maratha warrior on his death anniversary: As we honor the memory of Chhatrapati Shivaji Maharaj on his death anniversary, his legacy of valor, leadership, and commitment to the welfare of his people continues to inspire generations.

Taiwan reported a significant increase in Chinese military aircraft activity around the island, with 30 such aircraft detected within a 24-hour period on Wednesday, marking one of the highest daily counts this year, according to a report by AFP. China regards self-ruling Taiwan as part of its territory and has consistently refused to rule out the use of force to assert control over the island, the report noted. Taiwan’s defense ministry revealed that 20 of the detected aircraft crossed into the island’s Air Defense Identification Zone (ADIZ). The ministry stated that Taiwan’s armed forces closely monitored the situation and responded…

The ongoing Indian Premier League (IPL) 2024 has kept fans on the edge of their seats with exhilarating matches unfolding every day. As teams battle it out on the field, the IPL 2024 points table sees constant fluctuations with each match adding new twists and turns. Let’s take a closer look at the latest standings:

Ramco Cement saw a marginal decline in its share price early on April 3, despite the commissioning of Line II and the initiation of commercial production at its grinding unit in Haridaspur, Odisha’s Jajpur district. As of 9:22 am, Ramco Cements was trading at Rs 853.50, down by Rs 7.60 or 0.88 percent on the BSE. The newly commissioned Line II has a cement manufacturing capacity of 0.90 million tonnes per annum (MTPA), contributing to the expansion of the aggregate capacity of the Odisha Grinding Unit to 1.8 MTPA. Although the stock previously reached a 52-week high of Rs 1,057.85…