City Sanjay Financial News

17.12 / 13:01
Bail matters concern liberty of individuals, HCs should list them expeditiously: SC
Supreme Court has asked all High Courts to ensure listing and disposal of bail and anticipatory bail applications expeditiously, saying they concern the liberty of individuals. While dealing with a cheating and forgery case, a bench of justices CT Ravi Kumar and Sanjay Kumar said in a recent order, «This court has held and reiterated that decisions on anticipatory bail applications/bail applications are concerned with the liberty and therefore, shall be taken up and disposed of, expeditiously.» It said that in 2022, the top court had again reiterated the same view and deprecated the practice of admitting the bail applications and thereafter deferring decisions on them unduly.
15.12 / 00:35
Citizens Assurant Inside reports recommendations Mahua Moitra's expulsion: SC to hear TMC leader's plea against Lok Sabha expulsion tomorrow
expulsion from Lok Sabha for her links in the ‘cash for query’ case. Her plea will be heard by a Supreme Court bench led by Justice Sanjiv Khanna. The expelled MP tried her best on Wednesday to get a hearing date on her plea.
12.12 / 01:55
President recommendations Centre Supreme Court backs Centre's decision to abrogate Article 370
Supreme Court on Monday upheld the Centre's decision to abrogate Article 370 of the Constitution, which conferred special status on the erstwhile state of Jammu and Kashmir, ruling that it was a temporary provision and that the President had the power to revoke it. A five-judge Constitution bench also unanimously upheld the Centre's decision, of August 5, 2019, to divide the former state into two Union Territories of J&K and Ladakh, while directing that statehood be restored to J&K «at the earliest» and that elections be held to its legislative assembly by September next year. The bench, headed by Chief Justice of India (CJI) DY Chandrachud, held that «Article 370 was a feature of asymmetric federalism and not sovereignty». It delivered three judgments, one authored by the CJI, with inputs from justices BR Gavai and Surya Kant, and two separate yet concurring judgments by justices Sanjay Kishan Kaul and Sanjiv Khanna. 'No Internal Sovereignty for J&K' The bench ruled that the former state did not «retain any element of sovereignty after the execution of instrument of accession and issuance of the Proclamation (November 25, 1949) by which the Constitution of India was adopted» and that J&K does not have «internal sovereignty which is distinguishable from the powers and privileges enjoyed by other states in the country». It ruled that «the President in exercise of power under Article 370(3) can unilaterally issue a notification that Article 370 ceases to exist».
11.12 / 10:23
Art Celebrity country reports Article 370: 'We were under house arrest', claims PDP chief Mehbooba Mufti; baseless, says LG Manoj Sinha
ANI, "Today J&K was converted into a jail, and all the shopkeepers were directed that they will not open their shops before 10 am. We were under house arrest." Expressing her feelings on the SC verdict, she said, “...We should not be disheartened...
11.12 / 09:15
Action Fighting President Article 370 Supreme Court verdict: Omar Abdullah, Ghulam Nabi Azad call it ‘sad, unfortunate’; many others rejoice
Article 370 Supreme Court verdict: The Supreme Court of India upheld the abrogation of Article 370 in Jammu and Kashmir as constitutionally valid in its judgement on December 11. The top court further asked the Election Commission of India to conduct elections to the Legislative Assembly of Jammu and Kashmir by September 30, 2024. The Supreme Court, while ordering the restoration of statehood in Jammu and Kashmir, upheld the central government's decision regarding the reorganisation of Ladakh as a Union Territory.
11.12 / 08:57
IPO Art Manufacturing WhatsApp Experts band country DOMS Industries GMP: Stock trading at nearly 60% premium ahead of IPO launch
The current GMP is around Rs 465, compared with an issue price of Rs 790. The shares have been in heavy demand in the unlisted market since the announcement of the IPO launch. DOMS IPO comprises a fresh equity issue worth Rs 350 crore with an offer for sale (OFS) of Rs 850 crore.
11.12 / 08:19
Provident Progressive Platform Assurant President social recommendations Article 370 verdict: ‘Beacon of hope…’ PM Modi hails the top court's judgement
Article 370 Supreme Court verdict: PM Modi called the top court's verdict ‘a beacon of hope’ that upheld the abrogation of Article 370 in Jammu and Kashmir as constitutionally valid as per latest judgement given today. The top court further asked the Election Commission of India to conduct elections to the Legislative Assembly of Jammu and Kashmir by 30 September 2024.
11.12 / 08:09
President recommendations Centre 2024 Article 370 Verdict: SC asks Centre to hold elections in J-K by September 2024
Also Read: SC upholds reorganisation of Ladakh as Union Territory The top court said no maladies in the exercise of power under Article 370(3) by the President to issue an August 2019 order. “Thus, we hold the exercise of Presidential power to be valid." “The power of the President under Article 370(3) to issue a notification that Article 370 ceases to exist subsists even after the dissolution of the J&K Constituent Assembly. The recommendation of the Constituent Assembly was not binding on the President.
09.12 / 19:57
Manufacturing No purpose will be served by keeping me in custody, AAP's Sanjay Singh tells court
AAP leader Sanjay Singh on Saturday urged a court here to release him, saying no purpose will be served by keeping him in further custody in a money laundering case related to the alleged Delhi excise scam. Singh's counsel made the submission before Special Judge M K Nagpal during the hearing of his bail application.
07.12 / 17:00
IPO Booking Manufacturing band DOMS IPO: From Price Band to GMP, here are 10 things to know about upcoming public offer
₹481. They said that the bull trend on Dalal Street and overcrowded primary market could be the possible reason for such rise in grey market sentiments. DOMS IPO issue date - The public issue will open on 13th December 2023 and it will remain open till 15th December 2023.
07.12 / 10:07
IPO Art Booking Manufacturing band performer country DOMS Industries IPO: Here are 10 things to know about the public offer
DOMS Industries will open for subscription on December 13. The issue closes on December 15.
07.12 / 05:53
Strategy Is non-attendance at INDIA bloc meeting a response to Congress' 'lone wolf' strategy?
alliance) bloc together and chalk out strategies for the Lok Sabha polls. Three prominent leaders within the INDIA bloc declined the invitation, citing prior commitments, and openly expressed their disagreement with the Congress party's "lone wolf" approach in the recent three Assembly elections. Congress is accused of unilateralism despite being a part of the bloc specifically floated to counter the BJP in the elections.
07.12 / 03:33
IPO Art Manufacturing WhatsApp Experts band country DOMS Industries IPO: Price band fixed at Rs 750-790/share
The floor price is 75 times the face value while the cap price is 79 times. Investors can make an application for the issue for a minimum of 18 shares and in multiples thereafter. The company is offering a discount of Rs 75 per share to the eligible employees of the company. Ahead of the issue, the company's shares are demanding a premium (GMP) of Rs 330 apiece in the grey market. The company plans to raise Rs 1,200 crore from the public issue with fresh equity aggregating to Rs 350 crore and an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares. The offer is being made through the book-building process, where 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors. The funds raised through the fresh issue are proposed to be utilised for the part funding of the cost of establishing a new manufacturing facility and for general corporate purposes. Doms Industries designs, develops, manufactures, and sells a wide range of 'stationery and art' products, primarily under its flagship brand 'Doms', in the domestic market as well as in over 40 countries internationally. Its core products such as pencils and mathematical instrument boxes enjoy high market shares — 29% and 30% by value in FY23 respectively.
06.12 / 18:49
Digital Remark electronic information guidelines Supreme Court questions 2-year delay in e-device seizure rules
Supreme Court on Wednesday disapproved of the delay caused by the Central government in framing guidelines for the search and seizure of digital devices by law enforcement agencies. A division bench headed by Justice Sanjay Kishan Kaul questioned the counsel for the Centre over the two-year delay. Speaking for the Bench, Justice Kaul verbally remarked that it has been two years since notice was issued on a public interest litigation (PIL) seeking the said guidelines.
06.12 / 13:19
Twitter Man Waters Racing country travelers A British financier sought for huge tax fraud is extradited to Denmark from UAE
A Dubai-based British hedge fund trader sought by Danish authorities for allegedly orchestrating a $1.7 billion tax fraud, considered one of the largest in the Scandinavian country, has been extradited from the United Arab Emirates
06.12 / 12:21
Racing Sanjay Raut invokes Uddhav Thackeray’s name for INDIA bloc’s PM candidate, says he is a ‘nationalist face’
alliance’s prime ministerial candidate for the 2024 general elections, saying that Thackeray is a “nationalist face". Replying to a reporter’s query about the PM face for the 2024 Lok Sabha elections, Raut said: “There will be a discussion on this. There should indeed be a face." However, he refrained from directly putting Uddhav’s name in the race.
06.12 / 08:55
IPO Art Manufacturing WhatsApp Experts band country DOMS Industries buzzing in grey market ahead of IPO; GMP doubles in just 2 days
DOMS Industries are in high demand in the unlisted market. The issue will open for subscription on December 13 and close on December 15. The price band for the Rs 1,200-crore offer has not been announced yet.
04.12 / 19:29
Provident Inside 2020 Sebi asked to pay ₹5 lakh for failing to unfreeze Kirloskar shares
Atul and Rahul Kirloskar faction, the Securities Appellate Tribunal (SAT) on Monday directed the markets regulator to pay ₹5 lakh for failing to unfreeze their shares in Kirloskar Industries Ltd. In October 2020, two Kirloskar Brothers—Atul and Rahul Kirloskar—were penalized by Sebi through two separate orders, alleging insider trading in shares of Kirloskar Brothers Ltd (KBL).
04.12 / 06:23
Provident Fighting President stage Telangana election result recap: Congress ends 10-year rule of BRS; secures 64 seats. | 10 points to know
KCR-led BRS has been ruling the state since 2014 when Telangana was carved out of Andhra Pradesh. 2. Telangana Congress party chief Revanth Reddy who won from Kodangal constituency with a margin of over 32,000 votes defeating his nearest BRS rival Patnam Narender Reddy addressed a press conference and said that the national party's responsibility has increased.
03.12 / 20:15
Fighting President Assembly elections: INDIA Bloc to Take Stock, says Sharad Pawar
Congress alliance partners in Maharashtra reacted differently to the yearend assembly results. While INDIA bloc architect Sharad Pawar said the results were on expected lines, the Shiv Sena (UBT) blamed Congress leaders Digvijaya Singh and Kamal Nath for the defeat in MP. Pawar said the results would not impact the Lok Sabha polls.
03.12 / 18:57
Provident Assurant President folk travelers Telangana Elections Result 2023: 10 key things which helped Congress win in the state
Priyanka Gandhi said the people of Telangana have created history. In a post shared by her official handle on X, Priyanka wrote in Hindi, “The people of Telangana have created history and given the mandate in favour of the Congress Party.

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