SUPREME COURT
Supreme Court refuses to entertain plea seeking exemption for lawyers from wearing black coats during summer (JUL 25, 2022)
The Supreme Court on Monday refused to entertain a plea seeking exemption for lawyers from wearing black coats and gowns in the apex court as well as high courts across the country during summer.
A bench of Justices Indira Banerjee and V Ramasubramanian said it cannot entertain the plea under Article 32 and asked the petitioner to approach the Bar Council of India (BCI) with his grievance. The top court also granted liberty to lawyer Shailendra Mani Tripathi to approach the top court again if the BCI does not act on his plea.
The petitioner withdrew the plea and the matter was dismissed as withdrawn. Senior advocate Vikas Singh appeared for the petitioner.
KERALA HIGH COURT
Kerala High Court orders inclusion of mother’s name alone in birth certificate (JUL 25, 2022)
The court made the ruling recently while allowing a petition filed by a man seeking to remove his father’s name from the birth register maintained by the office of the Registrar of Birth and Deaths, Pathanamthitta municipality, and include his mother’s name in the certificate.
The court while quoting various Supreme Court rulings in this regard observed that the child of an unwed mother was also a citizen of the country, and nobody could infringe upon any of his/her fundamental rights, which were guaranteed by the Constitution.
BOMBAY HIGH COURT
Tactile Features Included In Currency Notes For Visually Impaired Persons: RBI To HC (JUL 25, 2022)
The Reserve Bank of India (RBI) on Monday told the Bombay High Court it has included several tactile features in currency notes for the visually impaired.
A division bench of Chief Justice Dipankar Datta and Justice M S Karnik was hearing a petition filed by the National Association of the Blind (NAB) claiming new currency notes and coins posed difficulty for visually-impaired people in identifying and distinguishing them.
The petitioner's advocate, Uday Warunjikar, on Monday told the court earlier notes and coins were of different sizes and, hence, were easily identifiable.
BUSINESS AND FINANCE NEWS
Zomato tanks 14% wiping out ₹1,000 crore investor wealth (JUL 25, 2022)
Shares of Zomato tanked 14% in the first hour of trading today (July 25), wiping out nearly ₹1,000 crore of investor wealth in a flash. Zomato’s shares plunged over 10% during this time. While the sale volumes subsided later, the stock declined further.
Zomato’s shares tumbled today because the investor lock-in period ended today. As many as 613 crore shares which were locked in since the initial public offering (IPO) in July 2021, which can now be traded freely.
Now, the lock-in period has ended for promoters and employees, and it is likely that many of those shareholders have likely cut their holdings – according to market data, the Zomato stock witnessed volumes of 8.5 crore as of 10:00 a.m.
WORLD AFFAIRS
Egyptian court demands that femicide executions be televised live (JUL 24, 2022)
In an effort to reduce the number of killings, an Egyptian court requested on Sunday that the law be changed to let the execution of a female student's killer to be aired live.
Mohamed Adel was found guilty last month of the "premeditated murder" of Nayera Ashraf, a fellow university student who had turned down his approaches, following a highly publicised two-day trial in which he had admitted to the crime.
The Mansoura criminal court, 130 kilometres (80 miles) north of Cairo, which sentenced Adel, requested that the legislature change the statute governing capital punishment so that the execution might be aired live.
NEWS AT GLANCE
- Droupadi Murmu takes oath as India's 15th President.
- President greets the nation on the eve of Kargil Vijay Diwas
- Centre reviews monkeypox situation in the country at a high level meeting; Delhi man with no history of foreign travel becomes India's fourth case of monkeypox.
- Nepalese government announces numerous measures to revive tourism industry battered by COVID-19 pandemic.
- Sri Lanka’s presidential office to reopen today after removal of anti-government demonstrators from the colonial-era building.
WORD OF THE DAY
Lock-in period is a period during which the shareholders cannot sell their holdings. These are essential to prevent extreme volatility in the stock immediately after it’s listed, giving the company enough time to build its business model and demonstrate its strength in the market.
MARKET TODAY (as on 25.7.2022)
BSE SENSEX 55,766.22 ▼ 306.01 (0.55%)
NIFTY 50 16,631.00 ▼ 88.45 (0.53%)
1 US Dollar = 79.75 Indian Rupee (Last updated · 25 July at 12:24 pm UTC)
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