.12:00 PMMining drivers face trouble as SC enables retrospective state leviesA nine-judge Bench of the High Court on Wednesday (August 14) concluded that its July 25 selection, which makes it possible for Condition federal governments to enforce income taxes on mining and also related activities, are going to be actually applied retrospectively, however only for purchases taking place after April 1, 2005, according to a document through Law practice and also Bench. Read more11:48 AMPiramal Enterprises share tumbles 10% message June quarter resultsShares of Piramal Enterprises plunged 10 per cent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the provider reported 64 per cent year-on-year (YoY) decline in consolidated web earnings at Rs 181 crore for the June 2024 one-fourth (Q1FY25), being obligated to repay to an one-time gain of Rs 855 crore built up in Q1FY24 due to a stake purchase in a Shriram Group company. Sequentially, the revenue was up 32 per-cent coming from Rs 137 crore in March 2024 quarter (Q4FY24). Learn more.11:35 AMMSMEs to acquire Rs 15,000-crore assistance to improve recycling where possible, efficiencyScheduled to launch by very early 2025, the effort will include setting up material healing establishments (MRFs) as well as managing post-consumption product procedure. Furthermore, a specialist company is expected to be set up to assist MSMEs in their switch to eco-friendly power and also to generate tailored eco-friendly policies for these enterprises, the report stated. Read more.11:32 AMiPhones improve Apple's India operations surge to Rs 2 trillion in FY24.Apple's procedures in India found a significant boost in worth to over Rs 2 trillion in FY24, a significant growth from Rs 1.15 trillion in the previous year. This development was driven through a surge in iPhone development as well as the domestic sales of MacBooks, iMacs, iPads, Watches, and also AirPods, depending on to a report by The Economic Times.According to representatives, Apple has demonstrated the absolute most fast growth in creation and also exports one of all companies in India over recent 5 many years. This has set up the Cupertino-based technician giant as the most extensive global market value chain (GVC) within the nation. Apple is actually additionally the first GVC in India to fast move parts of its supply chain far from China, the document said. Read more.
11:15 AMAshoka Buildcon Q1 net rises 148%, order manual at Rs 10K cr assets trades up.Ashoka Buildcon share touched a higher of Rs 244 - up 4.2 per-cent in intra-day packages on Wednesday after the business announced its own Q1 end results. The share, having said that, soon pared increases.At 11 AM, the assets was up 0.5 per-cent at Rs 235.50 on the back of 1.10 lakh allotments traded at the counter as versus the two-week typical volume of around 1.50 lakh shares on the BSE. In comparison, the BSE Sensex was up 0.1 percent or even 62 aspects at 79,019. Read through more10:58 AMSJVN portions zoom 9% on outstanding Q1FY25 revenues electrical power sales expand 238% YoY.SJVN's stock rose approximately 8.68 per-cent at Rs 148.85 a piece on the BSE in Wednesday's intraday trade. The sell price surged after the business on Tuesday reported its April-June one-fourth of financial year 2024-25 (Q1FY25).State-owned hydropower firm SJVN stated a 31 percent increase in consolidated web income, reaching out to Rs 357.09 crore for the June quarter, due to much higher revenue. This compares to a net income of Rs 271.75 crore for the exact same time frame in the previous fiscal year. Read through more10:45 AMHero MotoCorp allotments tip over 4%, regardless of tough Q1FY25 results DetailsShares of Hero MotoCorp, the world's largest manufacturer of motorbikes and personal mobility scooters, tumbled 4.72 per-cent to Rs 4,992.60 on the BSE in the course of early business on Wednesday, despite the provider publishing a substantial surge in its combined internet profit for the initial quarter of FY25. Find out more.10:32 AMHindustan Zinc plunges 4% as Vedanta panel okays 2.6% stake sale through OFS.Share of Hindustan Zinc (HZL) dipped 4 per cent to Rs 556.35 on the BSE in Wednesday's intra-day exchange after the parent firm Vedanta updated substitutions that its board accepted the sale of around 110 thousand reveals or 2.6 per-cent equity in the zinc manufacturer through a market (OFS).In a substitution submission, Vedanta mentioned the appropriately licensed committee of directors of Vedanta at its own appointment held Tuesday on August 13, 2024, has approved the purchase of upto 110 million equity portions of HZL, embodying 2.60 per-cent of the provided as well as paid-up capital portion funds of HZL, by way of an offer for sale by means of the stock market mechanism. Read more.
10:17 AMSpiceJet Promoter Ajay Singh to dilute over 10% concern to raise Rs 3,000 crAccording to documents, Ajay Singh, the promoter of SpiceJet, is organizing to thin down greater than 10 per-cent of his concern in the cash-strapped airline company to elevate around Rs 3,000 crore. Singh presently secures a 47.8 per-cent risk in the airline together with his family members. Singh's shareholding may lose to 30-35 per cent after the fundraising, though he is going to continue to be the most extensive investor. Go through more10:07 AMNykaa shares leap 6% after strong Q1 program web incomes increase 152% YoY.Portions of FSN Ecommerce Ventures shot up as high as 5.76 per-cent at Rs 197.35 every share on the BSE in Wednesday's intraday profession. The stock rate jumped after the provider on Tuesday disclosed a strong economic performance in its own April-June fourth of fiscal year 2024-25 (Q1FY25).FSN Ecommerce Ventures, the driver of appeal and also personal care label Nykaa, mentioned an internet profit of Rs 13.6 crore for the fourth finishing June 30, 2024, embodying a 152 percent increase coming from Rs 5.4 crore in the same period in 2015. The business's operating profits for the quarter was Rs 1,746 crore, up 23 per-cent coming from Rs 1,422 crore in the matching fourth of the previous year. Find out more.