.12:00 PMMining drivers face setback as south carolina allows retrospective condition leviesA nine-judge Bench of the High Court on Wednesday (August 14) ruled that its July 25 decision, which enables State governments to enforce tax obligations on exploration and also similar activities, will be implemented retrospectively, yet only for deals developing after April 1, 2005, according to a report through Legal profession and also Bench. Go through more11:48 AMPiramal Enterprises share topples 10% message June one-fourth resultsShares of Piramal Enterprises dropped 10 percent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the company disclosed 64 per-cent year-on-year (YoY) downtrend in combined net profit at Rs 181 crore for the June 2024 quarter (Q1FY25), owing to an one-time increase of Rs 855 crore built up in Q1FY24 because of a risk purchase in a Shriram Group body. Sequentially, the income was actually up 32 per-cent from Rs 137 crore in March 2024 fourth (Q4FY24). Read more.11:35 AMMSMEs to get Rs 15,000-crore subsidy to boost recycling, efficiencyScheduled to introduce by very early 2025, the effort will certainly involve developing component recovery facilities (MRFs) and coping with post-consumption item treatment. Furthermore, a specialized organization is actually anticipated to be established to direct MSMEs in their switch to eco-friendly power and also to develop customized eco-friendly policies for these enterprises, the record claimed. Learn more.11:32 AMiPhones enhance Apple's India operations rise to Rs 2 mountain in FY24.Apple's functions in India saw a substantial boost in worth to over Rs 2 trillion in FY24, a distinctive rise from Rs 1.15 mountain in the previous year. This development was actually driven by a surge in iPhone development and also the domestic sales of MacBooks, iMacs, iPads, Watches, and AirPods, according to a record by The Economic Moments.According to authorities, Apple has shown the most fast development in creation and also exports with all companies in India over recent five decades. This has actually installed the Cupertino-based technology giant as the most extensive worldwide worth chain (GVC) within the country. Apple is actually additionally the first GVC in India to fast transmit portion of its supply establishment off of China, the file said. Learn more.
11:15 AMAshoka Buildcon Q1 net skyrockets 148%, purchase book at Rs 10K cr equity exchanges up.Ashoka Buildcon stock touched a higher of Rs 244 - up 4.2 percent in intra-day bargains on Wednesday after the company declared its Q1 outcomes. The assets, however, quickly reduced increases.At 11 AM, the stock was up 0.5 per cent at Rs 235.50 astride 1.10 lakh shares traded at the counter as against the two-week typical volume of around 1.50 lakh allotments on the BSE. In comparison, the BSE Sensex was up 0.1 per cent or even 62 aspects at 79,019. Read more10:58 AMSJVN reveals zoom 9% on stellar Q1FY25 profits electrical power purchases increase 238% YoY.SJVN's equity climbed up to 8.68 percent at Rs 148.85 an item on the BSE in Wednesday's intraday exchange. The supply cost surged after the company on Tuesday reported its own April-June quarter of financial year 2024-25 (Q1FY25).State-owned hydropower provider SJVN mentioned a 31 per-cent rise in combined net earnings, getting to Rs 357.09 crore for the June quarter, because of higher income. This matches up to a net earnings of Rs 271.75 crore for the same time frame in the previous financial year. Go through more10:45 AMHero MotoCorp reveals fall over 4%, despite tough Q1FY25 end results DetailsShares of Hero MotoCorp, the globe's biggest supplier of motorbikes and motorbikes, tumbled 4.72 percent to Rs 4,992.60 on the BSE throughout early business on Wednesday, regardless of the company publishing a substantial surge in its own combined net revenue for the first quarter of FY25. Learn more.10:32 AMHindustan Zinc plunges 4% as Vedanta panel oks 2.6% stake sale through OFS.Allotment of Hindustan Zinc (HZL) dipped 4 per-cent to Rs 556.35 on the BSE in Wednesday's intra-day trade after the moms and dad agency Vedanta informed exchanges that its own board permitted the sale of as much as 110 million allotments or 2.6 per-cent equity in the zinc producer using a market (OFS).In a swap declaring, Vedanta mentioned the usually sanctioned committee of directors of Vedanta at its own conference had Tuesday on August 13, 2024, has actually approved the sale of upto 110 thousand capital shares of HZL, working with 2.60 per-cent of the issued and paid-up equity portion resources of HZL, by a market by means of the stock exchange system. Read more.
10:17 AMSpiceJet Marketer Ajay Singh to weaken over 10% stake to raise Rs 3,000 crAccording to files, Ajay Singh, the marketer of SpiceJet, is organizing to water down more than 10 per cent of his concern in the cash-strapped airline to raise roughly Rs 3,000 crore. Singh currently secures a 47.8 per-cent risk in the airline alongside his family. Singh's shareholding might lose to 30-35 percent after the fundraising, though he will remain the most extensive investor. Read through more10:07 AMNykaa shares hop 6% after solid Q1 show web revenues develop 152% YoY.Portions of FSN E-Commerce Ventures escalated as much as 5.76 per cent at Rs 197.35 every allotment on the BSE in Wednesday's intraday field. The stock rate surged after the provider on Tuesday reported a powerful economic efficiency in its own April-June one-fourth of financial year 2024-25 (Q1FY25).FSN Shopping Ventures, the operator of charm as well as personal care brand name Nykaa, reported an internet income of Rs 13.6 crore for the quarter finishing June 30, 2024, representing a 152 percent rise coming from Rs 5.4 crore in the same period last year. The firm's operating revenue for the one-fourth was actually Rs 1,746 crore, up 23 per cent from Rs 1,422 crore in the corresponding one-fourth of the previous year. Learn more.