.12:00 PMMining operators experience setback as SC enables retrospective condition leviesA nine-judge Bench of the Supreme Court on Wednesday (August 14) concluded that its July 25 selection, which allows State authorities to impose income taxes on mining and related tasks, will definitely be used retrospectively, yet simply for deals happening after April 1, 2005, depending on to a record by Lawyers and also Bench. Read more11:48 AMPiramal Enterprises share topples 10% message June one-fourth resultsShares of Piramal Enterprises dropped 10 per cent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the business stated 64 percent year-on-year (YoY) decline in combined net earnings at Rs 181 crore for the June 2024 quarter (Q1FY25), being obligated to pay to an one-time gain of Rs 855 crore built up in Q1FY24 as a result of a concern sale in a Shriram Group facility. Sequentially, the income was up 32 per cent from Rs 137 crore in March 2024 quarter (Q4FY24). Learn more.11:35 AMMSMEs to get Rs 15,000-crore aid to improve recycling where possible, efficiencyScheduled to introduce by very early 2025, the project is going to entail setting up material recovery centers (MRFs) as well as enduring post-consumption product procedure. Additionally, a specialist organization is actually expected to become established to guide MSMEs in their shift to eco-friendly electricity as well as to make modified environment-friendly plans for these enterprises, the report stated. Learn more.11:32 AMiPhones boost Apple's India functions rise to Rs 2 trillion in FY24.Apple's operations in India saw a notable rise in value to over Rs 2 mountain in FY24, a significant rise coming from Rs 1.15 mountain in the previous year. This development was driven by a surge in iPhone creation as well as the domestic purchases of MacBooks, iMacs, iPads, Watches, and also AirPods, depending on to a record due to the Economic Moments.According to officials, Apple has actually illustrated the best quick development in production and exports with all companies in India over the past 5 years. This has actually positioned the Cupertino-based specialist titan as the biggest worldwide worth chain (GVC) within the nation. Apple is actually additionally the initial GVC in India to promptly move aspect of its own source establishment off of China, the document pointed out. Read more.
11:15 AMAshoka Buildcon Q1 internet soars 148%, purchase manual at Rs 10K cr stock exchanges up.Ashoka Buildcon assets contacted a higher of Rs 244 - up 4.2 per-cent in intra-day bargains on Wednesday after the firm declared its Q1 end results. The assets, nonetheless, very soon reduced increases.At 11 AM, the stock was actually up 0.5 per-cent at Rs 235.50 astride 1.10 lakh portions traded at the counter as versus the two-week typical volume of around 1.50 lakh reveals on the BSE. In contrast, the BSE Sensex was actually up 0.1 percent or even 62 points at 79,019. Review more10:58 AMSJVN reveals zoom 9% on excellent Q1FY25 profits power sales grow 238% YoY.SJVN's share rose approximately 8.68 percent at Rs 148.85 a part on the BSE in Wednesday's intraday trade. The stock rate surged after the firm on Tuesday mentioned its own April-June one-fourth of financial year 2024-25 (Q1FY25).State-owned hydropower business SJVN reported a 31 per cent boost in combined net earnings, getting to Rs 357.09 crore for the June quarter, as a result of much higher profit. This contrasts to a web income of Rs 271.75 crore for the very same period in the previous fiscal year. Check out more10:45 AMHero MotoCorp shares tip over 4%, despite tough Q1FY25 results DetailsShares of Hero MotoCorp, the planet's biggest supplier of motorcycles as well as personal mobility scooters, tumbled 4.72 percent to Rs 4,992.60 on the BSE during very early field on Wednesday, in spite of the business publishing a massive surge in its combined net earnings for the very first one-fourth of FY25. Learn more.10:32 AMHindustan Zinc dips 4% as Vedanta panel oks 2.6% stake purchase via OFS.Allotment of Hindustan Zinc (HZL) dipped 4 percent to Rs 556.35 on the BSE in Wednesday's intra-day trade after the moms and dad agency Vedanta educated exchanges that its own board accepted the sale of as much as 110 thousand shares or 2.6 percent equity in the zinc maker via a sell (OFS).In an exchange submission, Vedanta mentioned the properly sanctioned committee of directors of Vedanta at its own conference had Tuesday on August 13, 2024, has actually authorized the sale of upto 110 million equity allotments of HZL, standing for 2.60 per cent of the issued as well as paid-up capital portion funds of HZL, by a sell by means of the stock exchange mechanism. Read more.
10:17 AMSpiceJet Promoter Ajay Singh to water down over 10% stake to raise Rs 3,000 crAccording to reports, Ajay Singh, the promoter of SpiceJet, is actually intending to dilute greater than 10 percent of his stake in the cash-strapped airline to raise about Rs 3,000 crore. Singh presently secures a 47.8 per cent risk in the airline in addition to his loved ones. Singh's shareholding might fall to 30-35 per-cent after the fundraising, though he will certainly stay the most extensive investor. Read more10:07 AMNykaa portions hop 6% after sturdy Q1 show internet revenues expand 152% YoY.Portions of FSN Ecommerce Ventures escalated as high as 5.76 percent at Rs 197.35 per share on the BSE in Wednesday's intraday profession. The assets rate surged after the firm on Tuesday disclosed a solid monetary efficiency in its April-June quarter of financial year 2024-25 (Q1FY25).FSN E-Commerce Ventures, the driver of beauty as well as personal treatment label Nykaa, mentioned a web revenue of Rs 13.6 crore for the fourth finishing June 30, 2024, embodying a 152 per cent rise coming from Rs 5.4 crore in the same period in 2014. The firm's operating profits for the fourth was Rs 1,746 crore, up 23 percent from Rs 1,422 crore in the equivalent one-fourth of the previous year. Learn more.