Author: Legal Parivar

JBM Ecolife Mobility, a subsidiary of JBM Auto, revealed on Tuesday that it secured a significant contract worth Rs 7,500 crore for the supply of 1,390 electric buses. The contract, awarded by Convergence Energy Services Limited (CESL), encompasses procurement, supply, operation, and maintenance of the buses as part of the PM-eBus Sewa Scheme. Additionally, the firm will oversee the development of associated electric and civil infrastructure on a gross cost contracting (GCC) basis under the scheme. The company is tasked with fulfilling the order within the next 12 to 18 months. Following the announcement, the company’s stock surged by 5.56%…

The Supreme Court declined to entertain requests from major industry associations to postpone the disclosure of electoral bond numbers, a move that would facilitate linking donors to political parties. Despite a separate order directing the chairman and managing director of the State Bank of India (SBI) to submit an affidavit by March 21, confirming the disclosure of all electoral bond details, the court refused to hear the industry bodies’ pleas. Chief Justice of India DY Chandrachud pointed out that the industry bodies had approached the court after the judgment had already been delivered and emphasized that there were no applications…

The initial public offering (IPO) of KP Green Engineering Ltd, a steel products manufacturer, is witnessing robust demand, particularly from retail investors. The ₹189.50 crore KP Green Engineering IPO has been heavily oversubscribed. KP Green Engineering IPO, categorized as an SME IPO, commenced its bidding process on March 15 and is scheduled to conclude on March 19. Currently, it is the second day of bidding for the KP Green Engineering IPO. As of Monday, March 18, the second day of bidding, the KP Green Engineering IPO has been oversubscribed by 3.90 times. Data available until 1:00 pm indicates that the…

In Bihar’s Khagaria district on Monday morning, a collision between a jeep and a tractor resulted in the tragic deaths of nine individuals, including three children, according to police reports. The incident occurred around 6:30 am near a petrol pump on National Highway 31 in the Pasraha area, with six others sustaining injuries, as per PTI citing police sources. Authorities stated that the occupants of the jeep were returning from a wedding when the accident transpired, noting that the tractor involved was overloaded at the time. The injured individuals were promptly taken to a nearby health center for medical treatment,…

Seoul’s Unification Ministry hinted on Monday at the possibility of Kim Jong Un’s daughter being considered for succession, amid increasing speculation about North Korea’s leadership plans. North Korean state media recently referred to Kim’s teenage daughter as a “great person of guidance,” a term typically reserved for top leaders and their potential successors, sparking renewed speculation about her future role in the regime. Analysts noted that this is the first time Kim’s daughter, known as Ju Ae according to South Korean intelligence, has been described in such terms by North Korea. The use of the term “great person of guidance”…

The Hari Shankar Singhania School of Business (HSB) has unveiled the Women in Product Management Scholarship, designed to empower ambitious women in the technology sector to rise as leaders in their respective fields by offering support for pursuing an MBA with a focus on Product Management at HSB. This scholarship targets women who demonstrate outstanding merit, leadership potential, and a strong commitment to advancing their careers. The third round of applications commenced on March 12, 2024, with a deadline for submissions set for April 29, 2024. Aspiring candidates can access detailed information and the application process through HSB’s official website.…

Tata Steel witnessed a significant rise in its share price, climbing nearly 5% on March 18, driven by substantial trading volumes and numerous large transactions. As of 01:10 pm, Tata Steel stocks were trading at Rs 148.65, marking a 4.90% increase from the previous day’s close. Trading activity saw nearly 10 crore shares of Tata Steel being traded today, more than double the average volume of the previous month. Notably, around 2.3 crore shares were exchanged in sizable transactions. The positive momentum extended to other metal stocks as well, following China’s strong industrial output growth of 7% in January-February, surpassing…

P&G India has announced the appointment of Kumar Venkatasubramanian as CEO, effective May 1, 2024. The current CEO, LV Vaidyanathan, will depart from the company after 28 years of service to pursue other personal interests. Venkatasubramanian has been instrumental in driving P&G India’s growth in various capacities throughout his career. Prior to his role as CEO of P&G Australia, he served as the head of sales for P&G India, as stated by the company. An alumnus of IIM Calcutta, Venkatasubramanian joined P&G’s sales team in India straight out of campus in 2000. With nearly 24 years of experience, a significant…

The Supreme Court, on Monday (March 18), refused to grant bail to Aam Aadmi Party (AAP) leader Satyendar Jain in a money laundering case. Additionally, it revoked the interim bail previously granted to him and instructed Jain to surrender immediately. Jain was apprehended by the Enforcement Directorate (ED) in May 2022 under allegations of money laundering pursuant to the Prevention of Money Laundering Act. He, along with others, faced accusations of laundering funds through three companies between 2010-12 and 2015-16. Presently, Jain is out on interim bail due to medical reasons, sanctioned by the apex court in May last year.…

The Tamil Nadu Government has taken its dispute with Governor RN Ravi to the Supreme Court, following his refusal to reappoint MLA K Ponmudi as a Minister in the State Government. The State filed an interlocutory application within a previous writ petition lodged against the Governor concerning delays in assenting to bills. It seeks a stay on the Governor’s decision made on March 17 to reject Ponmudi’s appointment as a Minister and requests a directive for the Governor to act in accordance with the Chief Minister’s recommendation for Ponmudi’s appointment. Senior Advocates AM Singhvi and P. Wilson brought the matter…