Author: Legal Parivar

Coal India Ltd achieved a historic production milestone of 703.91 million tonnes (MT) during the current fiscal year until March 7, surpassing the previous fiscal year’s output of 703.20 MT, as announced by the Coal Ministry on Friday. The ministry highlighted the implementation of various key measures aimed at enhancing production, resulting in Coal India maintaining a substantial stock of 72.70 MT as of March 7, 2024. According to a ministry release, Coal India Limited (CIL) surpassed last year’s production by an impressive margin of 26 days, achieving the record production figure of 703.91 million tonnes of coal up to…

On March 8, the Enforcement Directorate (ED) announced the arrest of Girish Talreja and Suraj Chokhani in relation to the Mahadev Online Book betting case (MOB). The MOB betting app has been identified as a syndicate facilitating illegal betting websites and money laundering through a complex network of benami bank accounts. Suraj Chokhani is reportedly a close associate of Hari Shankar Tibrewala, a hawala operator based in Dubai, who is believed to be a partner of the MOB promoters. Recently, the ED froze shares worth Rs 581 crore held by Tibrewala’s associates. According to the ED, Tibrewala utilized various companies,…

To address Bengaluru’s most severe water crisis to date, the Bengaluru Water Supply Board is strategizing to partner with the Indian Institute of Science (IISC) to extract water from 185 lake beds across the city using innovative technology, aiming to meet the overwhelming water demand. According to Ram Prasath Manohar, chairman of the Bengaluru Water Supply Board, the Indian Institute of Science has initiated a pilot project to recycle water near lake beds using cutting-edge technology. In an interview with NDTV, he stated that they are considering collaborating with IISC experts to implement scientific and innovative approaches. By employing these…

Amidst global economic uncertainties and supply chain disruptions, the government has broadened the scope of a scheme aimed at enhancing the competitiveness of Indian exports worldwide by reimbursing various central, state, and local duties and taxes. The Remission of Duties and Taxes on Exported Products, RoDTEP scheme has been expanded to include support for advance authorization holders, export-oriented units, and special economic zones (SEZs). This move is anticipated to particularly benefit sectors such as engineering, textiles, chemicals, pharmaceuticals, and food processing. The extension of the scheme to these additional sectors is currently applicable until 30 September. Union Commerce Minister Piyush…

Sudha Murty, a postgraduate from IISc, Padma awardee, philanthropist, author, and now a Presidential nominee for Rajya Sabha, has set a high standard for women in public life. Her steadfast support for her husband, Infosys founder NR Narayana Murthy, since the inception of the company is well-documented, as is her frugal lifestyle and emphasis on financial values instilled in her children Rohan and Akshata. At 73 years old, her nomination on International Women’s Day is a fitting recognition for her contributions. She was honored with the Padma Shri in 2006 and the Padma Bhushan in 2023. Serving as the chairperson…

The Enforcement Directorate (ED) announced on Friday that it has provisionally attached immovable assets worth Rs 367 crore in Delhi, Mumbai, Kolkata, and various cities in Odisha. This action is part of a money-laundering investigation connected to an alleged bank-loan fraud involving Bhushan Steel Limited (BSL). The assets were found to be held under the names of benamidars/shell entities with dummy directors to conceal them from law enforcement agencies, the ED stated in a release issued under the Prevention of Money Laundering Act (PMLA). Following the completion of the corporate insolvency resolution process (CIRP), Tata Steel Limited acquired BSL in…

Amid the deaths of two Indian nationals serving as support staff with Russian military units, India issued a stern warning on Friday, urging its citizens to refrain from taking up such risky roles. The Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal, emphasized that India’s focus is on securing the early discharge of all individuals working in similar positions. Jaiswal, during his weekly media briefing, revealed that several Indians have been “deceived” into working with the Russian Army. He emphasized that New Delhi has taken up the matter with Moscow to expedite the discharge of these individuals. He cautioned Indian…

In Kota news, a 16-year-old boy from Bihar has tragically taken his own life in Rajasthan’s Kota, marking the sixth suicide in the city since the start of 2024. The boy, identified as Abhishek Mandal, had been residing in Kota to prepare for the Joint Entrance Examination (JEE) Main. Abhishek left behind a suicide note addressed to his father, expressing his inability to crack the JEE. The note, recovered from his room, stated, “Papa, mere se JEE nahi ho payega. Sorry, I quit.” (Papa, I won’t be able to clear JEE. Sorry, I quit), as reported by PTI. Abhishek Mandal…

Food delivery giant Zomato has announced a new initiative to offer kurtas as an optional outfit for its female delivery partners, aiming to provide them with more choice and comfort. Many of Zomato’s female delivery partners have found it challenging to navigate India’s busy roads while wearing the standard western-style T-shirts provided by the company. In an effort to address these concerns, Zomato is prioritizing the comfort and practicality of its female delivery partners by redesigning the delivery fleet outfit. The new outfit includes the option of wearing either a T-shirt or a kurta, providing flexibility and addressing the discomfort…

KP Green Engineering, a manufacturer of fabricated and hot-dip galvanized steel products, is set to launch the largest-ever IPO in the SME (small and medium enterprise) segment on March 15. The IPO, comprising 1,31,60,000 equity shares, will close on March 19, with the anchor book opening for a day on March 14. With a price band of Rs 137-144 per equity share, the Gujarat-based KP Group company aims to raise Rs 189.5 crore through its public issue, which consists solely of a fresh issue with no offer-for-sale component. The company has allocated 6.58 lakh equity shares for market makers, with…