Author: Legal Parivar

The Bharatiya Janata Party (BJP) unveiled its first batch of candidates for the impending General Elections, signaling its preparedness for the significant polls. With over 195 names, the initial list includes prominent figures like Prime Minister Narendra Modi and 34 Union Ministers. Prime Minister Modi is set to contest from his stronghold in Varanasi, as confirmed by the party’s general secretary Vinod Tawde. After extensive deliberations, the BJP’s central election committee convened a meeting at the party headquarters on Thursday, with Prime Minister Narendra Modi, J P Nadda, and other senior leaders in attendance. Earlier today, BJP MP Jayant Sinha…

The electric two-wheeler (E2W) segment in India witnessed a notable uptick in registrations during February 2024, signaling a robust 24% year-on-year expansion in high-speed scooters. Data from Vahan revealed this surge, highlighting the increasing popularity of electric vehicles (EVs) in the country and the progress made by key industry players. In February, registrations for high-speed E2Ws totaled 81,963 units, maintaining a steady month-on-month status. The presence of an additional day in February contributed to this growth. The year-to-date average monthly run rate stood at 73,190 units, marking a significant 21% increase compared to the previous fiscal year’s average of 60,500…

BJP Candidate List 2024: Prime Minister Narendra Modi is poised to contest the 2024 Lok Sabha elections from the Varanasi seat in Uttar Pradesh, a constituency he currently represents in the Lower House of Parliament. The Bharatiya Janata Party (BJP) unveiled its first list of 195 candidates for the Lok Sabha elections in the national capital on March 2. This initial list includes prominent figures such as Prime Minister Narendra Modi, who will seek reelection from Varanasi in Uttar Pradesh, and Union Home Minister Amit Shah, who will contest from Gandhinagar in Gujarat. Comprising names of 34 Union Ministers and…

Upcoming Ex-Dividend Stocks: Marico Ltd, Panchsheel Organics, Sanofi India, and others are set to trade ex-dividend in the upcoming week, starting from Monday, March 4. Additionally, some companies will also trade ex-bonus and ex-split during this period. The ex-dividend date signifies when the stock price adjusts to exclude the upcoming dividend payout. On this day, the stock becomes ex-dividend, meaning it no longer includes the value of the next dividend payment. Dividends are payable to shareholders listed on the company’s record date. Here are the stocks declaring dividends in the coming week:

Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s bottling arm in India, has revealed plans to invest Rs 350 crore in Madhya Pradesh for establishing two manufacturing lines at its Rajgarh plant. This announcement was made during the Regional Industry Conclave in Ujjain, bringing HCCB’s total investment in the state to over Rs 660 crore. The new investment will introduce two cutting-edge manufacturing lines at HCCB’s Rajgarh facility, focusing on producing Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs, according to a statement. Apart from enhancing HCCB’s manufacturing capabilities, this expansion is expected to make a significant contribution to the state’s economy,…

Union Minister Rajeev Chandrasekhar announced on March 2 that artificial intelligence platforms must obtain government permission before launching AI products in India. Chandrasekhar emphasized the need for rigorous scrutiny before AI products are released to the public, likening it to safety standards for cars or microprocessors. The government’s advisory, issued on March 1, mandates intermediaries to ensure compliance immediately and submit a status report within 15 days. Additionally, AI-generated content must be labeled with a unique identifier to trace the originator of misinformation or deepfakes. Chandrasekhar cited recent controversies, such as Google’s Gemini model’s response about Prime Minister Narendra Modi,…

Byju Raveendran, founder of Byju’s, disclosed on March 2 that the company was unable to pay employee salaries due to funds raised from a recent rights issue being locked in a separate account amid an ongoing dispute with investors. In a letter addressed to Byju’s employees, Raveendran expressed regret over the situation, stating that efforts would be made to ensure salaries are paid by March 10. He criticized a minority of investors for obstructing the utilization of funds raised through the rights issue, despite some investors having profited substantially from their investment in Byju’s. The National Company Law Tribunal (NCLT)…

The year 2024 has commenced with notable achievements in the SME IPO sector, reflecting significant growth and investor interest. Within the initial two months of the year (until February 29th), a total of 30 SME IPOs have collectively raised a remarkable sum of Rs. 1024 crore. This surge in activity signifies a substantial advancement for SMEs, highlighting their increasing capability to tap into capital markets for expansion. Breaking down the IPOs, 21 companies have chosen to list on the NSE SME platform, while 9 have opted for the BSE SME platform. This diverse listing venue selection indicates widespread confidence and…

Suven Pharmaceuticals witnessed a 5% surge in its shares on Saturday, marking a two-day gain of 15% following the announcement of its merger with Cohance Lifesciences. This strategic move aims to establish the combined entity as a prominent integrated CDMO (Contract Development and Manufacturing Organization) player in both the Indian and global markets. Upon completion of the merger, existing shareholders of Cohance will receive shares of Suven at a ratio of 11 shares of Suven for every 295 shares of Cohance, as per the agreed swap ratio. The newly issued Suven shares will be available for trading on both the…

Today, Tata Steel, Tata Motors, Adani Enterprises, Reliance Industries, and Grasim Industries all reached new 52-week highs. The Nifty 50 rose by 56.25 points (0.25%), and the Sensex increased by 114.91 points (0.16%) as of 02 Mar 2024 at 10:59:57 IST. Bank Nifty saw a gain of 22.0 points (0.05%) as of 02 Mar 2024 at 10:00 IST. Within the BSE Sensex index, some stocks were the top gainers, while others were the top losers. In the Bank Nifty index, Punjab National Bank, State Bank Of India, IDFC First Bank, Bandhan Bank, and Bank Of Baroda were the top gainers,…