Author: Legal Parivar

Former Chief Minister of Andhra Pradesh, N Chandrababu Naidu, announced on Saturday that the BJP, the Telugu Desam Party (TDP), and the Jana Sena Party have reached an understanding to form an alliance for the forthcoming Lok Sabha and Andhra Pradesh Assembly elections. Naidu expressed confidence in the alliance’s ability to secure victory in Andhra Pradesh, emphasizing the benefits of collaboration between the BJP and the TDP for both the country and the state. According to sources, the alliance discussions concluded after a second round of talks among senior leaders from the three parties. It is anticipated that the BJP…

The Bharatiya Janata Party (BJP) unveiled its candidate roster for the upcoming Legislative Council elections in Bihar and Uttar Pradesh. In Bihar, where 11 seats are up for grabs, the BJP has named contenders for 3 seats, while in Uttar Pradesh, they’ve announced candidates for 7 out of 13 MLC seats. Scheduled for March 21, the MLC elections in Bihar and UP have a nomination deadline of March 11. In Bihar, BJP’s candidates include Mangal Pandey, Dr. Lal Mohan Gupta, and Anamika Singh, while in Uttar Pradesh, the party has nominated Vijay Bahadur Pathak, Mahendra Kumar Singh, Mohit Beniwal, Ashok…

Several companies, including IIFL Securities Ltd and SBI Life Insurance Company Ltd, are set to trade ex-dividend starting from Monday, March 11. Additionally, some companies will trade ex-bonus and ex-split during the week. The ex-dividend date marks the adjustment of the share price to reflect the next dividend payout, signaling that the stock will no longer carry the value of its upcoming dividend payment. Dividends are payable to shareholders listed on the company’s record date. Here are the stocks declaring dividends in the upcoming week: Additionally, the following stocks will undergo corporate actions: Furthermore, Gujarat Ambuja Exports Ltd declared a…

Union IT and Communications Minister Ashwini Vaishnaw assured in an interview that the government is fully supportive of Vodafone Idea’s efforts to raise funds, including through equity and debt, with contributions from its promoters. Vaishnaw emphasized that the government has been proactive in assisting the struggling telecom company thus far. “We are committed to supporting any fundraising initiatives that Vodafone Idea wishes to pursue. As a listed entity, I refrain from speculating on its future. What’s important is that the government has made every effort to extend support,” stated Vaishnaw. Recent reports revealed that Vi has secured commitments from anchor…

The Tata Sons IPO buzz led to a surge of up to 36 percent in several group stocks this week. Among the top performers in the BSE500 pack were four companies affiliated with the conglomerate, spanning from salt to software. However, recent reports suggest that the conglomerate’s planned listing may not materialize in the near future due to challenges in adhering to the Reserve Bank of India’s (RBI) regulations. Tata Sons, the parent company of various Tata group firms, is currently registered as a Core Investment Company (CIC) with the RBI and falls under the category of an ‘upper layer’…

Supreme Court Calls for Police Education on Freedom of Speech Amid WhatsApp Status CaseIn a significant ruling on Thursday (March 7), the Supreme Court made a crucial observation regarding the necessity to educate law enforcement about the fundamental right to freedom of speech and expression guaranteed by the Constitution. The bench, comprising Justices Abhay S Oka and Ujjal Bhuyan, stressed the importance of enlightening the police force about democratic values enshrined in the Constitution, emphasizing the need for reasonable restraint on such freedoms. This observation comes as part of a broader verdict in a case involving Professor Javed Ahmed Hajam,…

IMD Forecasts Rainfall and Snowfall in Western Himalayan Region from 11th to 14th MarchThe India Meteorological Department (IMD) has predicted light to moderate scattered to fairly widespread rainfall or snowfall in the Western Himalayan Region from the 11th to the 14th of March. Additionally, isolated to scattered rainfall is expected over adjoining plains from the 12th to the 14th of March. Meanwhile, hot and humid weather conditions are forecasted to prevail over Rayalaseema, Tamil Nadu, Puducherry, Karaikal, and Kerala for the next two days. Snowfall Alert in Himachal PradeshIn Himachal Pradesh, more than 360 roads, including three National Highways, remain…

The BJP administrations in Chhattisgarh and Madhya Pradesh have declared the Bollywood movie “Article 370” as tax-free within their respective states. According to PTI, Chhattisgarh Chief Minister Vishnu Deo Sai made this announcement after viewing the film, which centers on the revocation of Article 370 of the Indian Constitution granting special status to Jammu and Kashmir, at a mall in the evening. A day earlier, the BJP government in neighboring Madhya Pradesh had also granted the film tax-free status. Accompanied by his wife Kaushalya Devi Sai and cabinet colleagues Ramvichar Netam and Kedar Kashyap, Sai issued a statement through the…

The Election Commission of India (ECI) refutes circulating WhatsApp rumors regarding the Lok Sabha elections schedule. ECI emphasizes that no official dates have been announced yet and assures that any information regarding election dates will be communicated through a press conference. This clarification aims to combat misinformation spread on social media platforms like WhatsApp. Congress Unveils First List of Candidates for Lok Sabha Polls 2024Congress announces its initial list of candidates for 39 Lok Sabha constituencies, covering states including Chhattisgarh, Karnataka, Kerala, Lakshwadeep, Meghalaya, Nagaland, Sikkim, Telangana, and Tripura. The list comprises 16 candidates from Kerala, seven from Karnataka, six…

Rakesh Gangwal, co-founder of IndiGo, is reportedly contemplating selling up to 5.8 percent of his stake in Interglobe Aviation, the parent company of the airline. This percentage is higher than his previous plan to sell 3.3 percent, as per CNBC-TV18’s report on March 8, citing sources. The proposed sale aims to raise nearly Rs 6,600 crore, with a floor price set at Rs 2,925 per share, according to the report. However, LegalParivar has not independently verified this information. On March 7, sources reported, based on insiders’ information, that Gangwal was considering selling a 3.3 percent stake in Interglobe Aviation. Gangwal…