.12:00 PMMining drivers face problem as SC allows retrospective condition leviesA nine-judge Bench of the High Court on Wednesday (August 14) ruled that its July 25 choice, which permits Condition authorities to establish tax obligations on mining and associated tasks, will definitely be actually implemented retrospectively, but simply for deals occurring after April 1, 2005, according to a report by Bar as well as Bench. Read more11:48 AMPiramal Enterprises stock rolls 10% message June fourth resultsShares of Piramal Enterprises dove 10 percent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the business disclosed 64 percent year-on-year (YoY) downtrend in consolidated net earnings at Rs 181 crore for the June 2024 quarter (Q1FY25), owing to an one-time increase of Rs 855 crore built up in Q1FY24 due to a stake purchase in a Shriram Group entity. Sequentially, the income was up 32 per cent from Rs 137 crore in March 2024 fourth (Q4FY24). Read more.11:35 AMMSMEs to receive Rs 15,000-crore assistance to improve recycling, efficiencyScheduled to launch through early 2025, the campaign is going to include creating component healing locations (MRFs) and handling post-consumption product procedure. Also, a specialized company is expected to be set up to guide MSMEs in their switch to green energy and also to produce adapted environment-friendly plans for these enterprises, the record mentioned. Learn more.11:32 AMiPhones improve Apple's India operations surge to Rs 2 mountain in FY24.Apple's procedures in India found a significant rise in value to over Rs 2 trillion in FY24, a noteworthy increase from Rs 1.15 mountain in the previous year. This growth was driven by a surge in iPhone production and the residential purchases of MacBooks, iMacs, iPads, Watches, and also AirPods, according to a document due to the Economic Moments.Depending on to authorities, Apple has shown the absolute most fast growth in manufacturing and also exports with all companies in India over recent five years. This has actually placed the Cupertino-based technology titan as the most extensive international worth chain (GVC) within the nation. Apple is actually additionally the very first GVC in India to quickly transmit parts of its own supply establishment off of China, the document said. Learn more.
11:15 AMAshoka Buildcon Q1 web shoots up 148%, order book at Rs 10K cr equity trades up.Ashoka Buildcon share contacted a higher of Rs 244 - up 4.2 percent in intra-day bargains on Wednesday after the business announced its Q1 results. The assets, having said that, very soon pared gains.At 11 AM, the stock was actually up 0.5 per cent at Rs 235.50 on the back of 1.10 lakh reveals traded at the counter as against the two-week average amount of around 1.50 lakh allotments on the BSE. In comparison, the BSE Sensex was actually up 0.1 per cent or even 62 aspects at 79,019. Read more10:58 AMSJVN allotments zoom 9% on outstanding Q1FY25 profits power purchases increase 238% YoY.SJVN's share climbed up to 8.68 per cent at Rs 148.85 an item on the BSE in Wednesday's intraday exchange. The sell price surged after the firm on Tuesday disclosed its April-June fourth of financial year 2024-25 (Q1FY25).State-owned hydropower provider SJVN reported a 31 per-cent increase in consolidated net profit, connecting with Rs 357.09 crore for the June quarter, because of greater income. This compares to a web revenue of Rs 271.75 crore for the same duration in the previous financial year. Go through more10:45 AMHero MotoCorp shares tip over 4%, regardless of powerful Q1FY25 outcomes DetailsShares of Hero MotoCorp, the planet's largest supplier of motorcycles and mobility scooters, toppled 4.72 per cent to Rs 4,992.60 on the BSE during early business on Wednesday, even with the business submitting a substantial rise in its consolidated web revenue for the initial quarter of FY25. Read more.10:32 AMHindustan Zinc plunges 4% as Vedanta board oks 2.6% stake sale via OFS.Share of Hindustan Zinc (HZL) dipped 4 percent to Rs 556.35 on the BSE in Wednesday's intra-day exchange after the parent firm Vedanta updated swaps that its own panel authorized the purchase of around 110 thousand portions or 2.6 percent equity in the zinc manufacturer by means of an offer for sale (OFS).In a swap filing, Vedanta mentioned the usually sanctioned board of supervisors of Vedanta at its appointment had Tuesday on August thirteen, 2024, has permitted the purchase of upto 110 thousand capital reveals of HZL, exemplifying 2.60 percent of the issued and also paid-up capital allotment funding of HZL, by a sell with the stock market device. Learn more.
10:17 AMSpiceJet Promoter Ajay Singh to thin down over 10% concern to elevate Rs 3,000 crAccording to records, Ajay Singh, the marketer of SpiceJet, is preparing to weaken much more than 10 per cent of his stake in the cash-strapped airline company to elevate about Rs 3,000 crore. Singh presently keeps a 47.8 percent risk in the airline in addition to his household. Singh's shareholding might drop to 30-35 per cent after the fundraising, though he will definitely stay the largest investor. Check out more10:07 AMNykaa allotments hop 6% after solid Q1 show net revenues expand 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 jumped after the business on Tuesday disclosed a sturdy monetary efficiency in its own April-June one-fourth of fiscal year 2024-25 (Q1FY25).FSN E-Commerce Ventures, the operator of appeal as well as private treatment brand Nykaa, reported a web profit of Rs 13.6 crore for the one-fourth ending June 30, 2024, working with a 152 per cent rise coming from Rs 5.4 crore in the same period in 2014. The company's operating income for the quarter was Rs 1,746 crore, up 23 percent coming from Rs 1,422 crore in the equivalent fourth of the previous year. Learn more.