Author: Legal Parivar

Boeing Co.’s factory workers in St. Louis have rejected a proposed five-year labor contract that included an average wage hike of 24%, prolonging a three-month strike that has hit the aerospace giant’s key military manufacturing operations. The International Association of Machinists and Aerospace Workers (IAM), representing 3,200 employees under District 837, confirmed the outcome on Sunday, saying the vote sends a clear message to Boeing management. “Boeing claimed they listened to their employees – the result of today’s vote proves they have not,”said IAM International President Brian Bryant in a statement. Strike Impact The workers have been on strike since…

The Central Government has announced that new bank nomination rules under the Banking Laws (Amendment) Act, 2025 will take effect from November 1, 2025. These rules are designed to offer greater flexibility, transparency, and depositor protection, according to a statement by the Finance Ministry. For the first time, bank customers will be able to nominate up to four individuals for their savings accounts, fixed deposits, lockers, and articles kept in safe custody. Key Objectives of the New Rules The government said the amendments aim to: These reforms are part of a broader effort to enhance governance and customer convenience within…

The Central Government has issued a crucial clarification on the applicability of the recently enhanced gratuity ceiling of ₹25 lakh. According to a new order from the Department of Pension and Pensioners’ Welfare (DoPPW), the higher gratuity limit will apply only to Central Government civil servants governed by either the Central Civil Services (Pension) Rules, 2021 or the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021. This means the revised gratuity limit does not extend to employees of public sector undertakings (PSUs), banks, port trusts, the Reserve Bank of India (RBI), autonomous bodies, universities, state governments,…

In a landmark ruling, the Madras High Court has declared that cryptocurrency qualifies as property under Indian law, affirming that digital assets can be owned, enjoyed, and even held in trust. The judgment, delivered by Justice N Anand Venkatesh, marks one of India’s most significant legal recognitions of crypto assets within the country’s legal framework. “There can be no doubt that cryptocurrency is property. It may not be tangible or legal tender, but it possesses the essential attributes of property — it can be enjoyed, possessed, and held in trust,” Justice Venkatesh said in his order. The court’s observation came…

Hindustan Unilever (HUL) is sharpening its focus on high-growth premium segments and volume expansion in its mass-market portfolio, as CEO and Managing Director Priya Nair steers India’s largest FMCG company toward what she calls “market maker” categories. The twin strategy aims to balance premiumisation with mass affordability, supported by soft commodity prices and recent GST cuts that have lowered prices on nearly 40% of HUL’s portfolio. Since taking charge in August 2025, Nair has pushed for fewer but bigger bets, zeroing in on emerging, niche demand spaces that can scale as consumer aspirations rise. However, analysts suggest that in a…

India witnessed a historic surge in new company registrations in September 2025, soaring 108% year-on-year to 23,113, according to data from the Ministry of Corporate Affairs (MCA). This marks the highest annual growth in at least five years, signaling renewed investor confidence amid robust macroeconomic fundamentals and positive global outlooks. The first half of FY26 recorded a 38.4% increase in company incorporations — the strongest pace in five years. Notably, April 2025 saw an all-time high of 23,776 company registrations, underscoring sustained entrepreneurial momentum. Officials attributed the rise to a combination of better-than-expected GDP growth of 7.8% in Q1 FY26,…

E-commerce unicorn Meesho, which is gearing up for its much-anticipated initial public offering (IPO) in the coming months, has significantly strengthened its margins over the past two years — largely driven by the rapid growth of its in-house logistics platform, Valmo. Launched in August 2022, Valmo’s share in Meesho’s total order deliveries has surged from less than 2% in FY23 to an impressive 62% during the April–June quarter of FY26, according to the company’s updated IPO prospectus. Solving the Value Retail Delivery Puzzle Unlike larger e-commerce giants that cater to premium product segments, Meesho’s biggest challenge has been to profitably…

The continuing US government shutdown is starting to impact Indian companies engaged in cross-border transactions, as limited staffing at key US agencies is delaying clearances and filings. Companies such as Infosys and Hindalco are experiencing procedural hold-ups as the Securities and Exchange Commission (SEC) and the Committee on Foreign Investment in the United States (CFIUS) operate at reduced capacity. Infosys’ Rs 18,000-Crore Buyback Faces Timing Delays Infosys, which had announced a Rs 18,000-crore share buyback in early September, has yet to declare the record date for the tender offer. While shareholder approval and the SEC’s exemptive relief were obtained by…

A recent report by Genius HRTech (formerly Genius Consultants) highlights a significant wage gap between gig workers and permanent employees in India, even as festive season hiring ramps up. The study shows 47% of respondents believe gig workers earn less than permanent employees for the same roles, signaling a persistent challenge in the workforce. The survey included 1,550 professionals across industries, conducted from September 1–30, 2025. Respondents reported the following hourly pay differences for gig workers compared to permanent staff: Importance of Fair Pay and Skill Development R P Yadav, Chairman and Managing Director of Genius HRTech, emphasized the need…

Reliance Industries and Meta Platforms are set to jointly invest ₹855 crore in India’s artificial intelligence (AI) sector, a market projected to reach $20–22 billion by 2027. The investment will be made through Reliance Enterprise Intelligence Ltd (REIL), a newly formed company focused on AI services. Reliance, via its wholly-owned subsidiary Reliance Intelligence, holds a 70% stake in REIL, while Meta, through its subsidiary Facebook Overseas, owns the remaining 30%. REIL will focus on the development, marketing, and distribution of enterprise AI services, according to a statement by Reliance to stock exchanges. The joint venture was first announced by Reliance…