.12:00 PMMining drivers experience trouble as SC allows retrospective state leviesA nine-judge Bench of the High Court on Wednesday (August 14) concluded that its July 25 selection, which permits Condition federal governments to enforce tax obligations on exploration and also similar activities, will definitely be used retrospectively, but just for purchases taking place after April 1, 2005, depending on to a report by Legal profession and Bench. Review more11:48 AMPiramal Enterprises assets tumbles 10% article June one-fourth resultsShares of Piramal Enterprises plunged 10 per cent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the firm mentioned 64 per cent year-on-year (YoY) downtrend in combined net income at Rs 181 crore for the June 2024 one-fourth (Q1FY25), owing to a single increase of Rs 855 crore built up in Q1FY24 due to a concern sale in a Shriram Group body. Sequentially, the revenue was actually up 32 per-cent coming from Rs 137 crore in March 2024 quarter (Q4FY24). Learn more.11:35 AMMSMEs to get Rs 15,000-crore aid to boost recycling where possible, efficiencyScheduled to release by very early 2025, the effort will certainly include setting up product rehabilitation locations (MRFs) as well as handling post-consumption product procedure. Furthermore, a specialist organisation is actually anticipated to become developed to guide MSMEs in their change to environment-friendly energy and also to generate tailored green plans for these enterprises, the document stated. Read more.11:32 AMiPhones enhance Apple's India functions surge to Rs 2 trillion in FY24.Apple's functions in India viewed a significant boost in value to over Rs 2 trillion in FY24, a notable surge coming from Rs 1.15 mountain in the previous year. This development was driven through a rise in iPhone manufacturing and the domestic sales of MacBooks, iMacs, iPads, Watches, as well as AirPods, depending on to a report by The Economic Times.According to representatives, Apple has actually demonstrated the best swift development in creation and also exports among all business in India over the past 5 many years. This has placed the Cupertino-based tech giant as the most extensive international market value chain (GVC) within the nation. Apple is actually likewise the initial GVC in India to quickly transfer portion of its own source establishment out of China, the document pointed out. Read more.
11:15 AMAshoka Buildcon Q1 net skyrockets 148%, order publication at Rs 10K cr equity trades up.Ashoka Buildcon share contacted a high of Rs 244 - up 4.2 per cent in intra-day deals on Wednesday after the company introduced its own Q1 results. The share, however, soon pared gains.At 11 AM, the assets was actually up 0.5 per cent at Rs 235.50 on the back of 1.10 lakh shares traded at the counter as against the two-week ordinary amount of around 1.50 lakh shares on the BSE. In comparison, the BSE Sensex was up 0.1 per-cent or even 62 aspects at 79,019. Go through more10:58 AMSJVN allotments zoom 9% on outstanding Q1FY25 earnings electrical power sales develop 238% YoY.SJVN's assets surged up to 8.68 per cent at Rs 148.85 a piece on the BSE in Wednesday's intraday trade. The sell cost surged after the firm on Tuesday reported its April-June quarter of financial year 2024-25 (Q1FY25).State-owned hydropower company SJVN disclosed a 31 per cent increase in combined net profit, reaching Rs 357.09 crore for the June one-fourth, because of higher profit. This contrasts to a web revenue of Rs 271.75 crore for the exact same time frame in the previous financial year. Read through more10:45 AMHero MotoCorp shares tip over 4%, despite powerful Q1FY25 outcomes DetailsShares of Hero MotoCorp, the planet's most extensive producer of motorcycles and also scooters, rolled 4.72 per cent to Rs 4,992.60 on the BSE throughout very early field on Wednesday, in spite of the business uploading a gigantic rise in its combined net profit for the 1st one-fourth of FY25. Learn more.10:32 AMHindustan Zinc dips 4% as Vedanta panel o.k.s 2.6% concern purchase by means of OFS.Reveal of Hindustan Zinc (HZL) dipped 4 percent to Rs 556.35 on the BSE in Wednesday's intra-day exchange after the moms and dad firm Vedanta updated swaps that its own panel permitted the sale of approximately 110 thousand allotments or even 2.6 percent equity in the zinc producer via a sell (OFS).In a substitution submitting, Vedanta claimed the properly licensed committee of directors of Vedanta at its own meeting held Tuesday on August 13, 2024, has actually approved the purchase of upto 110 million equity portions of HZL, exemplifying 2.60 percent of the given out as well as paid-up capital share resources of HZL, using a sell with the stock market mechanism. Find out more.
10:17 AMSpiceJet Promoter Ajay Singh to thin down over 10% risk to elevate Rs 3,000 crAccording to files, Ajay Singh, the marketer of SpiceJet, is actually intending to weaken more than 10 percent of his concern in the cash-strapped airline to raise approximately Rs 3,000 crore. Singh presently secures a 47.8 percent stake in the airline company together with his family members. Singh's shareholding may fall to 30-35 per-cent after the fundraising, though he will definitely remain the most extensive investor. Read more10:07 AMNykaa reveals jump 6% after sturdy Q1 show internet profits develop 152% YoY.Shares of FSN E-Commerce Ventures skyrocketed as much as 5.76 per cent at Rs 197.35 every portion on the BSE in Wednesday's intraday trade. The share cost surged after the company on Tuesday stated a strong monetary efficiency in its own April-June quarter of financial year 2024-25 (Q1FY25).FSN Ecommerce Ventures, the operator of appeal as well as personal treatment brand name Nykaa, stated a net income of Rs 13.6 crore for the quarter finishing June 30, 2024, representing a 152 per-cent rise coming from Rs 5.4 crore in the same time in 2015. The company's operating earnings for the one-fourth was Rs 1,746 crore, up 23 percent from Rs 1,422 crore in the matching quarter of the previous year. Read more.