.12:00 PMMining operators face setback as SC permits retrospective condition leviesA nine-judge Bench of the High Court on Wednesday (August 14) ruled that its July 25 choice, which permits State governments to impose taxes on mining and similar tasks, will certainly be applied retrospectively, but simply for transactions occurring after April 1, 2005, according to a report by Jurists as well as Bench. Go through more11:48 AMPiramal Enterprises stock topples 10% blog post June one-fourth resultsShares of Piramal Enterprises plunged 10 per-cent to Rs 882.85 on the BSE in Wednesday's intra-day exchange after the business disclosed 64 per-cent year-on-year (YoY) decline in combined internet earnings at Rs 181 crore for the June 2024 quarter (Q1FY25), being obligated to repay to a single increase of Rs 855 crore accumulated in Q1FY24 due to a stake purchase in a Shriram Team facility. Sequentially, the earnings was up 32 per cent coming from Rs 137 crore in March 2024 quarter (Q4FY24). Read more.11:35 AMMSMEs to receive Rs 15,000-crore subsidy to improve recycling, efficiencyScheduled to release through early 2025, the initiative will involve setting up material healing centers (MRFs) and also managing post-consumption item treatment. In addition, a specialist organisation is expected to be set up to guide MSMEs in their change to eco-friendly energy as well as to develop tailored environment-friendly policies for these enterprises, the file claimed. Find out more.11:32 AMiPhones boost Apple's India procedures surge to Rs 2 trillion in FY24.Apple's procedures in India saw a significant increase in market value to over Rs 2 trillion in FY24, a noteworthy growth from Rs 1.15 trillion in the previous year. This development was actually steered through a surge in apple iphone manufacturing as well as the domestic purchases of MacBooks, iMacs, iPads, Watches, and AirPods, depending on to a record by The Economic Times.Depending on to representatives, Apple has demonstrated the best rapid growth in development and also exports with all companies in India over recent 5 years. This has actually positioned the Cupertino-based technology titan as the most extensive international value chain (GVC) within the country. Apple is likewise the very first GVC in India to quickly transmit aspect of its own supply chain out of China, the document claimed. Find out more.
11:15 AMAshoka Buildcon Q1 web rises 148%, order manual at Rs 10K cr assets exchanges up.Ashoka Buildcon share handled a higher of Rs 244 - up 4.2 percent in intra-day offers on Wednesday after the business introduced its Q1 outcomes. The assets, however, soon reduced increases.At 11 AM, the share was actually up 0.5 per cent at Rs 235.50 on the back of 1.10 lakh allotments traded at the counter as against the two-week average amount of around 1.50 lakh shares on the BSE. In contrast, the BSE Sensex was up 0.1 percent or even 62 factors at 79,019. Read more10:58 AMSJVN portions zoom 9% on stellar Q1FY25 revenues electrical power sales expand 238% YoY.SJVN's stock rose around 8.68 percent at Rs 148.85 a part on the BSE in Wednesday's intraday exchange. The sell price jumped after the provider on Tuesday reported its April-June one-fourth of financial year 2024-25 (Q1FY25).State-owned hydropower provider SJVN disclosed a 31 percent increase in combined net earnings, connecting with Rs 357.09 crore for the June quarter, due to greater earnings. This matches up to a net revenue of Rs 271.75 crore for the same period in the previous financial year. Review more10:45 AMHero MotoCorp portions fall over 4%, even with strong Q1FY25 outcomes DetailsShares of Hero MotoCorp, the globe's largest manufacturer of motorcycles as well as scooters, rolled 4.72 per-cent to Rs 4,992.60 on the BSE during the course of very early business on Wednesday, regardless of the firm uploading a large rise in its own consolidated net revenue for the initial quarter of FY25. Find out more.10:32 AMHindustan Zinc dips 4% as Vedanta panel o.k.s 2.6% risk purchase by means of OFS.Reveal of Hindustan Zinc (HZL) dipped 4 per-cent to Rs 556.35 on the BSE in Wednesday's intra-day exchange after the parent agency Vedanta notified swaps that its own board permitted the sale of up to 110 thousand shares or even 2.6 per cent equity in the zinc manufacturer by means of an offer for sale (OFS).In a swap submitting, Vedanta said the appropriately licensed board of directors of Vedanta at its meeting conducted Tuesday on August 13, 2024, has authorized the purchase of upto 110 thousand equity reveals of HZL, embodying 2.60 per-cent of the provided and also paid-up capital reveal funding of HZL, by way of a sell through the stock market device. Find out more.
10:17 AMSpiceJet Promoter Ajay Singh to thin down over 10% concern to raise Rs 3,000 crAccording to documents, Ajay Singh, the marketer of SpiceJet, is preparing to thin down much more than 10 per cent of his stake in the cash-strapped airline to raise roughly Rs 3,000 crore. Singh currently secures a 47.8 per-cent risk in the airline company alongside his loved ones. Singh's shareholding may fall to 30-35 per cent after the fundraising, though he will definitely stay the biggest investor. Go through more10:07 AMNykaa shares jump 6% after tough Q1 series internet revenues expand 152% YoY.Shares of FSN Shopping Ventures shot up as long as 5.76 per cent at Rs 197.35 every portion on the BSE in Wednesday's intraday business. The equity cost jumped after the firm on Tuesday disclosed a solid economic performance in its own April-June one-fourth of fiscal year 2024-25 (Q1FY25).FSN E-Commerce Ventures, the driver of appeal and private care brand Nykaa, disclosed a net income of Rs 13.6 crore for the one-fourth finishing June 30, 2024, standing for a 152 per-cent boost from Rs 5.4 crore in the very same time in 2014. The business's operating revenue for the quarter was actually Rs 1,746 crore, up 23 per cent coming from Rs 1,422 crore in the corresponding fourth of the previous year. Find out more.