.12:00 PMMining drivers encounter setback as SC allows retrospective state leviesA nine-judge Bench of the Supreme Court on Wednesday (August 14) ruled that its July 25 decision, which allows State governments to enforce taxes on mining and relevant tasks, are going to be applied retrospectively, however merely for transactions occurring after April 1, 2005, depending on to a document through Attorneys and Bench. Read through more11:48 AMPiramal Enterprises assets tumbles 10% post June fourth resultsShares of Piramal Enterprises dove 10 per-cent to Rs 882.85 on the BSE in Wednesday's intra-day trade after the firm reported 64 per cent year-on-year (YoY) downtrend in combined web income at Rs 181 crore for the June 2024 one-fourth (Q1FY25), owing to a single gain of Rs 855 crore accrued in Q1FY24 because of a risk sale in a Shriram Team body. Sequentially, the income was up 32 per-cent from Rs 137 crore in March 2024 quarter (Q4FY24). Read more.11:35 AMMSMEs to obtain Rs 15,000-crore aid to improve recycling, efficiencyScheduled to launch through early 2025, the effort will definitely involve establishing component healing locations (MRFs) and coping with post-consumption product treatment. Also, a specialist organization is counted on to become created to assist MSMEs in their shift to eco-friendly power and to make adapted green plans for these enterprises, the record pointed out. Find out more.11:32 AMiPhones boost Apple's India procedures rise to Rs 2 mountain in FY24.Apple's operations in India viewed a notable increase in worth to over Rs 2 trillion in FY24, a significant growth from Rs 1.15 mountain in the previous year. This growth was actually steered through a surge in iPhone creation and also the domestic sales of MacBooks, iMacs, iPads, Watches, and AirPods, depending on to a report by The Economic Moments.According to officials, Apple has illustrated one of the most swift growth in creation and exports amongst all business in India over recent five decades. This has actually installed the Cupertino-based technology giant as the largest global market value chain (GVC) within the nation. Apple is actually also the 1st GVC in India to fast transfer component of its supply chain out of China, the document mentioned. Find out more.
11:15 AMAshoka Buildcon Q1 web shoots up 148%, order publication at Rs 10K cr equity trades up.Ashoka Buildcon stock contacted a higher of Rs 244 - up 4.2 percent in intra-day deals on Wednesday after the business declared its Q1 outcomes. The stock, nevertheless, very soon reduced gains.At 11 AM, the share was up 0.5 percent at Rs 235.50 on the back of 1.10 lakh reveals traded at the counter as against the two-week common amount of around 1.50 lakh reveals on the BSE. In evaluation, the BSE Sensex was actually up 0.1 per cent or 62 aspects at 79,019. Check out more10:58 AMSJVN allotments zoom 9% on outstanding Q1FY25 profits power sales increase 238% YoY.SJVN's assets climbed approximately 8.68 percent at Rs 148.85 a piece on the BSE in Wednesday's intraday exchange. The inventory cost jumped after the business on Tuesday mentioned its own April-June fourth of financial year 2024-25 (Q1FY25).State-owned hydropower firm SJVN reported a 31 per cent rise in consolidated internet profit, getting to Rs 357.09 crore for the June fourth, because of much higher profit. This matches up to an internet income of Rs 271.75 crore for the same time period in the previous financial year. Check out more10:45 AMHero MotoCorp shares fall over 4%, even with sturdy Q1FY25 outcomes DetailsShares of Hero MotoCorp, the world's largest supplier of bikes and scooters, rolled 4.72 per cent to Rs 4,992.60 on the BSE in the course of early profession on Wednesday, even with the company publishing a large surge in its consolidated net income for the very first quarter of FY25. Learn more.10:32 AMHindustan Zinc plunges 4% as Vedanta board oks 2.6% stake purchase via 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 company Vedanta notified substitutions that its own panel permitted the sale of up to 110 million portions or 2.6 per cent equity in the zinc producer by means of an offer for sale (OFS).In a swap submission, Vedanta claimed the properly allowed committee of supervisors of Vedanta at its own meeting held Tuesday on August 13, 2024, has accepted the purchase of upto 110 thousand equity shares of HZL, working with 2.60 percent of the released and also paid-up equity allotment capital of HZL, by way of a market with the stock market mechanism. Find out more.
10:17 AMSpiceJet Promoter Ajay Singh to weaken over 10% risk to elevate Rs 3,000 crAccording to documents, Ajay Singh, the promoter of SpiceJet, is considering to dilute greater than 10 per cent of his risk in the cash-strapped airline to raise around Rs 3,000 crore. Singh currently holds a 47.8 per cent stake in the airline alongside his household. Singh's shareholding might fall to 30-35 per cent after the fundraising, though he will remain the largest shareholder. Read more10:07 AMNykaa reveals hop 6% after solid Q1 show web profits increase 152% YoY.Reveals of FSN Ecommerce Ventures rose as high as 5.76 per-cent at Rs 197.35 per reveal on the BSE in Wednesday's intraday trade. The stock cost jumped after the business on Tuesday stated a powerful financial performance in its own April-June one-fourth of fiscal year 2024-25 (Q1FY25).FSN Ecommerce Ventures, the driver of charm as well as private care brand name Nykaa, mentioned an internet profit of Rs 13.6 crore for the one-fourth ending June 30, 2024, standing for a 152 per cent boost from Rs 5.4 crore in the same period in 2015. The firm's operating profits for the quarter was Rs 1,746 crore, up 23 per-cent from Rs 1,422 crore in the equivalent fourth of the previous year. Learn more.