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ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 crores
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ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 crores Like

Team SoOLEGAL   |   22 Jun 2020 11:21pm

ICICI Bank, on Monday (June 22, 2020) sold 1.5% stake in its life insurance arm ICICI Prudential for Rs 840 crores. This has been done to strengthen the balance sheet of the bank amid the pandemic which is expected to…

India Inc Warns against Cutting- Off Trade Ties with China
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India Inc Warns against Cutting- Off Trade Ties with China Like

Team SoOLEGAL   |   22 Jun 2020 10:40pm

The outcry for boycotting Chinese-made products rose to a crescendo after 20 Indian soldiers lost their lives on 15th June 2020 during a skirmish in a narrow, barren river valley in the newly formed union territory of Ladakh. As the call…

FIR filed by Delhi Government on Ganga Ram Hospital stayed by Delhi HC
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FIR filed by Delhi Government on Ganga Ram Hospital stayed by Delhi HC Like

Team SoOLEGAL   |   22 Jun 2020 10:17pm

The Delhi High Court on Monday 22nd June 2020 stayed the proceedings filed by Delhi Government alleging that Ganga Ram Hospital isn’t following the norms given for the Pandemic COVID’19. The proceedings were stayed by a single bench Justice Hari…

ICICI Bank Sells Rs 2,250 Crore Stake (3.96%) In ICICI Lombard
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ICICI Bank Sells Rs 2,250 Crore Stake (3.96%) In ICICI Lombard Like

Team SoOLEGAL   |   22 Jun 2020 9:23pm

ICICI Bank, one of the strongest financial institutions in India, has divested 3.96% of its stake in the insurance company tie-up ICICI-Lombard General Insurance Company for Rs. 2,250 crores. The company was founded in 2001 and is headquartered in Mumbai.…

Government to Auction 41 Coal Blocks for Commercial Mining; Aims to Achieve Self Reliance
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Government to Auction 41 Coal Blocks for Commercial Mining; Aims to Achieve Self Reliance Like

Team SoOLEGAL   |   22 Jun 2020 7:58pm

In its bid to promote the ‘Aatmanirbhar Bharat Program’, the Government of India has decided to offer 41 coal blocks in its first auction, to end the monopoly of Coal India and to curb dependence on other countries for its…

Larger Bench will now Decide on Jurisdiction of Family Courts to Hear Maintenance Pleas by Muslim Women after Split of Division Bench [READ JUDGEMENT]
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Larger Bench will now Decide on Jurisdiction of Family Courts to Hear Maintenance Pleas by Muslim Women after Split of Division Bench [READ JUDGEMENT] Like

Team SoOLEGAL   |   22 Jun 2020 7:40pm

In a judgment passed on Thursday, 18th June 2020, the division bench of Justice R Banumati and Justice Indira Banerjee disagreed on whether family courts had the jurisdiction to entertain pleas for maintenance by Muslim women. Following this split verdict,…

PIL filed in Supreme Court Seeking Uniform Education System for Schools
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PIL filed in Supreme Court Seeking Uniform Education System for Schools Like

Team SoOLEGAL   |   22 Jun 2020 7:24pm

By the 86th Amendment in 2002, Article 21A was inserted into the constitution. Also known as the right to education, it is one of the fundamental rights the Indian constitution guarantees to its citizens. The Right of Children to Free…

Gareeb Kalyan Rojgar Abhiyan: Blueprint to Engage Workers for Next 4 Months, says Sitharaman
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Gareeb Kalyan Rojgar Abhiyan: Blueprint to Engage Workers for Next 4 Months, says Sitharaman Like

Team SoOLEGAL   |   22 Jun 2020 7:16pm

On 18 June 2020, Finance Minister Smt. Nirmala Sitharaman unveiled the Gareeb Kalyan Rojgar Abhiyan scheme during a press conference. The scheme is aimed at generating employment and livelihood opportunities in rural areas to help migrant workers, who have returned…

Gauhati High Court Allows Divorce on the grounds of Separation from Parents, Calls it Cruelty
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Gauhati High Court Allows Divorce on the grounds of Separation from Parents, Calls it Cruelty Like

Team SoOLEGAL   |   22 Jun 2020 6:04pm

The High Court of Gauhati allowed divorce for a man who was forced to stay away from parents by the wife. The court called it an act of cruelty and allowed the divorce on the quoted grounds. Under section 13 of…

Punjab High Court: Retirees cannot assert the Right to Official Housing after Retirement
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Punjab High Court: Retirees cannot assert the Right to Official Housing after Retirement Like

Team SoOLEGAL   |   22 Jun 2020 5:07pm

On 19th of June, 2020, Friday, the High Court of Punjab and Haryana stated that the employer is providing accommodation in such a way as to make it convenient for its employees to work and that the employee cannot claim…

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