Author: Legal Parivar

Nvidia Corp. has experienced a significant selloff, shedding $430 billion over three days. The stock has fallen 13% since it briefly surpassed Microsoft Corp. as the world’s most valuable company last week. This decline has put Nvidia into a technical correction — a drop of 10% or more from a recent peak — for the first time since April. On Tuesday, premarket trading indicated further losses, with shares dropping as much as 2.4%. Despite the recent drop, Nvidia’s stock has surged this year due to strong demand for its AI chips. The stock rose 43% from its May 22 earnings…

The Nifty closed at 23,537.85, rising by 0.78%. During the day, it reached a high of 23,754.15 and a low of 23,562.05. The Sensex traded between 78,164.71 and 77,459.6, closing 0.92% higher at 77,341.08, which was 712.44 points above the opening price. Nifty Midcap and Small Cap Indices Nifty 50 Returns Nifty Index Top Gainers Nifty Index Top Losers Bank Nifty Performance Bank Nifty Returns Sensex Top Gainers Sensex Top Losers Nifty MidCap 50 Top Gainers Nifty MidCap 50 Top Losers Nifty Small Cap 100 Top Gainers Nifty Small Cap 100 Top Losers BSE Top Gainers BSE Top Losers NSE…

On Tuesday, the Delhi High Court stayed the trial court’s order granting bail to Delhi Chief Minister Arvind Kejriwal in the money laundering case related to the now-scrapped excise policy scam. The High Court noted that the trial court had not “applied its mind” when granting bail to Kejriwal, handing a setback to the Aam Aadmi Party (AAP) leader. Kejriwal had been granted bail by the trial court on Thursday, June 20, but the Enforcement Directorate (ED) challenged the order in the Delhi High Court, which suspended the bail while considering the challenge. Key Developments: The excise policy was scrapped…

As the July 31 deadline for filing Income Tax Returns (ITR) nears, taxpayers involved in transactions such as shares, mutual funds, jewelry, real estate, and derivatives trading must ensure accurate reporting of their capital gains and losses. Proper disclosure of these transactions is crucial for maintaining financial compliance and avoiding penalties. Capital Assets and Tax Implications Under Indian income tax regulations, various properties owned by individuals are categorized as capital assets, which include: The classification of capital gains as short-term or long-term depends on the asset’s holding period before its transfer. Generally, assets held for more than 36 months are…

Women government employees can now take up to 180 days of maternity leave for surrogacy, following recent amendments to the Central Civil Services (Leave) Rules, 1972. This update, made by the Centre, applies to the “commissioning mother” (the intending mother of the child born through surrogacy), granting them eligibility for these leaves along with child care leave. Additionally, the government has introduced a 15-day paternity leave for the “commissioning father.” As per the notice issued on June 18 by the Ministry of Personnel, Public Grievances and Pension, “In case of surrogacy, the surrogate, as well as the commissioning mother with…

Petro Carbon IPO Details Subscription Period: The subscription for the Petro Carbon and Chemicals IPO began on Tuesday, June 25, and will close on Thursday, June 27. Lot Size and Price: Each lot consists of 800 shares. The price band for the IPO is set between ₹162 and ₹171 per share, with a face value of ₹10. Company Overview: Financial Performance: From March 31, 2022, to March 31, 2023, the company’s profit after tax (PAT) increased by 17.8%, while revenue grew by 84.92%. IPO Subscription Status: IPO Size and Structure: IPO Objectives: The primary goals are to list the equity…

Winny Immigration IPO: Following a strong investor response during the bidding period from June 20 to June 24, attention now shifts to the allotment process for Winny Immigration and Education Services. The allotment for the Winny Immigration and Education Services IPO is expected to be finalized today. Investors can check their allotment status through the registrar, Bigshare Services Pvt. Ltd. With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not receive an allotment, Winny Immigration and Education Services will initiate the refund process for the application…

ZYOD, a Gurgaon-based startup specializing in apparel sourcing and manufacturing, has secured $18 million in its Series A funding round. RTP Global led this investment round, with participation from existing investors Lightspeed and Alteria Capital, as well as new investors Stride Ventures, Stride One, and Trifecta Capital. In a press release, ZYOD announced its intention to utilize the funding to expand operations across more than 40 countries. The startup emphasized plans for technological advancements, talent acquisition, and ongoing disruption of India’s apparel manufacturing ecosystem. Ankit Jaipuria, Co-founder of ZYOD, expressed, “With this funding, we will continue to collaborate closely with…

Allied Blenders IPO: Allied Blenders and Distillers’ IPO witnessed robust interest from retail and non-institutional investors on its first day of bidding, June 25. Data from exchanges revealed bids for 72.3 lakh equity shares, amounting to 0.2 times the total offer size of 3.9 crore shares. Retail investors subscribed to nearly 26% of their allotted quota, while non-institutional investors subscribed to 23% of their portion. Qualified institutional buyers (QIBs) bid for over 4,300 shares against the 1.1 crore shares allocated to them. The IPO includes a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale of Rs 500…

Kangana Ranaut, actor-turned-politician and Member of Parliament from Mandi, has announced the release date of her upcoming film ‘Emergency,’ where she portrays former Prime Minister Indira Gandhi. Taking to her Instagram handle on June 25, Kangana unveiled a new film poster depicting herself as Indira Gandhi and revealed that the movie will hit theaters on September 6, 2024. The film, titled ‘Emergency,’ marks Kangana Ranaut’s role not only as the lead actor but also as the writer, director, and producer under her banner Manikarnika Films Production. Originally scheduled for release on November 24, 2023, the film faced delays, including postponement…