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Lok Adalat 2024: Here's how you can settle your traffic challan, bill disputes by paying a small amount
National Lok Adalat 2024: On July 13, India will host the second National Lok Adalat to resolve pending court cases, including traffic violations and civil disputes. Dedicated help desks at district courts will assist individuals in settling fines. Participants should gather necessary documents and check for appointment requirements. The initiative aims to simplify the legal process and reduce case backlogs through efficient dispute resolution.
Rupee settles marginally lower at 83.6 against dollar
Oil marketing companies are buying crude in anticipation that the commodity might rise further, causing the rupee to weaken. Brent crude oil prices were up 0.06% to $85.13 per barrel from yesterday, Reuters data showed.
Labour ministry settles Paytm employee’s layoff grievance
In a statement issued on Wednesday, it said that its regional labour commissioner, Bengaluru resolved the grievance to the satisfaction of both parties with Paytm agreeing not to recover the joining bonus and to pay the notice period payment to the employee and the employee accepting the exit offer made by Paytm.
Microsoft clinches deal to settle CISPE antitrust complaint
Microsoft avoided an EU probe with a multi-million-euro settlement with CISPE. Addressing Oct. 1 terms, Brad Smith praised the resolution. CISPE members, including Amazon, can use Microsoft software on Azure at equivalent prices, with past losses compensated. The complaint to the European Commission excluded Google Cloud, AliCloud. Reported by Foo Yun Chee, edited by Toby Chopra, Christina Fincher.
Ecommerce charts sedate sales growth as post-Covid frenzy settles
Experts predict a significant sales boost in the upcoming festive season, despite challenges faced by newer customers and shifting spending patterns among premium buyers. However, they said the industry faces some challenges.
Oil settles lower on worries Hurricane Beryl could hit US demand
Oil prices declined as Hurricane Beryl impacted U.S. refinaries, lowering Brent futures to $85.75. Gaza ceasefire hopes eased supply concerns. Texas faced significant damage; Kazakhstan to compensate for OPEC+ excess. China’s imports fell, India’s fuel consumption rose. Analysts, including Gelber and Ritterbusch, noted de-risking. U.S. and UK elections may influence outcomes.
Mundane Monday: Sensex, Nifty settle on flat note in muted trade
Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.
Rupee strengthens slightly against dollar, settling at 83.495
The rupee closed at 83.495/$1, versus the previous close at 83.50/$1, Bloomberg data showed. Foreign investors bought Rs. 2,575 crores worth of Indian equity and Rs. 1,180 crores in fully accessible Indian government bonds, BSE and CCIL data showed.
Avoid arbitration, use mediation to settle contract disputes: FinMin
The finance ministry advises government entities to opt for mediation over arbitration in contract disputes. Guidelines stress resolving disputes amicably and avoiding unnecessary litigation. Committees to oversee mediation process. Courts to adjudicate disputes not covered by arbitration clause.
Microsoft settles California probe over worker leave for $14 million
Microsoft agrees to pay $14 million to settle claims of retaliating against workers for taking leave in California. The settlement also mandates hiring a consultant and providing training to prevent future discrimination.
NCLT asks Sadbhav Engg CEO to settle creditor dues
The direction came after the company's chief executive officer appeared before the tribunal and said the company had proposed a restructuring package to all the financial creditors, and was looking to resolve the issue.
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
Rupee gains for 3 straight sessions, settles at 83.57
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
Dispute with Raymach Tech settled: SpiceJet to NCLT
SpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
DICGC posts 17% growth in insurance fund
The fund is collected by premiums received from insured banks, interest income from investments, and cash recoveries from failed banks. The deposit insurance limit in India is set at ₹5 lakh per depositor per bank.
PhonePe, BharatPe settle legal dispute over 'Pe'
The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name.
Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24
Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue soar by 61% to Rs 3,171 crore in FY24, compared to Rs 1,962 crore the previous year. Profit after tax also jumped significantly, rising 55% to Rs 147 crore from Rs 94.6 crore.
Wipro to settle lawsuits against former executives Jatin Dalal, Haque
Wipro's new CEO, Srinivas Pallia, plans to settle legal issues with former executives like Jatin Dalal for contract breaches. Settlement details undisclosed, expected this week. Times of India first reported post-Thierry Delaporte's exit amidst lawsuits in November.
Pending Delhi Traffic Police challan: Option to pay a lower amount or get a full waiver; will it be beneficial for you?
Delhi Traffic Police Challan: The National Lok Adalat session is going to be held on May 11, 2024 from 10am till 4pm at warka, Karkardooma, Patiala House, Rohini, Rouse Avenue, Saket and Tis Hazari district courts of Delhi. If you have any DL traffic challan which is pending, then go here and settle it.
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