Author: Legal Parivar

The Board of Control for Cricket in India (BCCI) has extended invitations to the owners of the 10 IPL teams for an informal gathering scheduled to take place in Ahmedabad on April 16. This meeting is slated to occur on the sidelines of the match between Delhi Capitals and Gujarat Titans at the Narendra Modi Stadium. According to a BCCI official speaking to PTI, the purpose of the meeting is to facilitate discussions among stakeholders, with no specific agenda set. Given that the IPL will be entering its second month, it presents an opportune time for all parties to convene.…

Metal stocks witnessed a significant surge in trading on April 1 following encouraging economic data from China indicating a rebound in the manufacturing sector, potentially leading to increased demand for metals. China’s manufacturing activity expanded for the first time in six months, growing at the fastest pace in 13 months. The manufacturing purchasing managers index rose to 50.8 in March from 49.1 in February, signaling stabilization in the world’s second-largest economy. Indian metal stocks experienced a strong upswing, with the Nifty metal index jumping 3.4 percent to reach a new high. Among its constituents, Hindustan Copper, Welspun Corp, and Vedanta…

On April 1, the Supreme Court rejected a plea to halt the Archaeological Survey of India (ASI) survey at the disputed sites of Bhojshala and Kamal Maula Masjid in Madhya Pradesh’s Dhar district. However, the court ordered that no action should be taken without its permission based on the survey’s outcome. Additionally, the Supreme Court issued a notice on a petition challenging the Madhya Pradesh High Court’s directive for the ASI to conduct a survey at the disputed sites. The High Court’s order on March 11 instructed the ASI to conduct a scientific survey of the medieval-era Bhojshala structure in…

Hindustan Aeronautics Limited (HAL) announced on Monday that it has recorded provisional and unaudited revenue from operations exceeding Rs 29,810 crore for the financial year 2023-24. This marks a growth of around 11% compared to the previous fiscal year’s nine percent growth. The Bengaluru-based defence PSU disclosed that the corresponding figure for the previous year stood at Rs. 26,928 crore. C B Ananthakrishnan, the Chairman and Managing Director (Additional Charge) of HAL, stated that despite facing significant supply chain challenges due to geopolitical issues, the company achieved the expected revenue growth through enhanced performance throughout the year. “As of March…

On Monday, Alembic Pharmaceuticals Ltd announced that it has obtained tentative approval for generic Ribociclib tablets, which are utilized in breast cancer treatment, during the March quarter. According to a regulatory filing, the tentative approval from the US Food & Drug Administration (USFDA) pertains to Ribociclib tablets with a strength of 200 mg. This medication is prescribed for adult patients diagnosed with a specific type of advanced or metastatic breast cancer, in combination with other drug therapies. The filing further stated that it is the generic counterpart of Novartis’ Kisqali tablets.

The initial public offering (IPO) of GConnect Logitech Ltd, a logistics services company, witnessed robust demand from investors. Now, investors await the GConnect Logitech IPO allotment status following the closure of the subscription period. Bidding for the GConnect Logitech IPO commenced on March 26 and concluded on March 28. The anticipated GConnect Logitech IPO allotment date is April 1, with shares expected to be listed on BSE SME on April 3, 2024. Investors can verify their GConnect Logitech IPO allotment status online via the BSE website or the IPO registrar’s portal, managed by Kfin Technologies. Furthermore, the company is set…

G. M. Breweries Ltd witnessed a 12% surge in its share price during Monday’s intraday trading session. The company’s shares had previously experienced a decline of over 20% from their closing highs in October 2024 and were down more than 12% since the beginning of January 2024, following a sharp correction observed in small and mid-cap stocks. However, G.M. Breweries’ share price has since rebounded significantly. In an exchange filing, G. M. Breweries announced that its Board of Directors will convene a meeting via audiovisual means on Thursday, April 4, 2024, at 11:30 a.m. The purpose of the meeting is…

Google Podcasts, the widely used app boasting over 500 million downloads on the Play Store, is set to shut down, ceasing streaming services in the US from April 2. Google, aiming to enhance its focus on audio and video podcasts through YouTube Music, had announced the discontinuation of Google Podcasts in a blog post last year. While the app is currently being phased out in the US, it will eventually cease operations for users in other regions later this year. Despite Google’s persistent notifications within the Google Podcasts app regarding its impending closure, the company has now begun displaying warnings…

The State Bank of India (SBI) has announced that its Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI services will be temporarily unavailable on April 1, 2024, due to Annual Closing activity. SBI provided this information on its website. “Due to Annual Closing activity, Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI services will not be accessible between 12:20 Hrs IST and 15:20 Hrs IST on 1st April 2024. During this period, UPI Lite and ATM services will remain available,” stated SBI on its website.

Adani Total Gas witnessed a significant surge of up to 8% in intraday trading on the BSE on Monday, April 1, following the announcement of the commencement of production at the Barsana Biogas Project. The company’s share price opened at ₹947, surpassing its previous close of ₹925.45 and surged 8% to reach an intraday high of ₹1000. As of 12:45 pm, the stock was trading 4.58% higher at ₹967.80. In a filing to the BSE on March 31, Adani Total Gas revealed that its wholly-owned subsidiary, Adani TotalEnergies Biomass Limited (ATBL), had initiated operations at phase 1 of the Barsana…