.12:00 PMMining operators encounter problem as south carolina allows retrospective condition leviesA nine-judge Bench of the Supreme Court on Wednesday (August 14) concluded that its July 25 choice, which allows Condition governments to impose tax obligations on exploration and also relevant tasks, will be implemented retrospectively, yet just for transactions happening after April 1, 2005, depending on to a record by Bar and also Bench. Read more11:48 AMPiramal Enterprises stock topples 10% article 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 company disclosed 64 per-cent year-on-year (YoY) decrease in combined net income at Rs 181 crore for the June 2024 quarter (Q1FY25), owing to a single gain of Rs 855 crore accrued in Q1FY24 because of a stake sale in a Shriram Team body. Sequentially, the earnings was actually up 32 percent coming from Rs 137 crore in March 2024 one-fourth (Q4FY24). Learn more.11:35 AMMSMEs to get Rs 15,000-crore assistance to increase recycling where possible, efficiencyScheduled to launch by early 2025, the effort is going to include creating product rehabilitation locations (MRFs) as well as enduring post-consumption item procedure. Additionally, a specialized company is actually counted on to become set up to direct MSMEs in their change to green electricity and also to develop tailored green policies for these enterprises, the record claimed. Find out more.11:32 AMiPhones increase Apple's India operations rise to Rs 2 mountain in FY24.Apple's operations in India saw a significant boost in worth to over Rs 2 trillion in FY24, a remarkable surge from Rs 1.15 mountain in the previous year. This growth was actually driven through a rise in apple iphone manufacturing and also the residential sales of MacBooks, iMacs, iPads, Watches, and also AirPods, according to a file due to the Economic Moments.Depending on to officials, Apple has displayed the best fast growth in production and exports one of all business in India over the past five decades. This has actually installed the Cupertino-based tech giant as the largest international worth establishment (GVC) within the country. Apple is likewise the first GVC in India to quickly transfer portion of its source chain away from China, the file said. Find out more.
11:15 AMAshoka Buildcon Q1 net rises 148%, order manual at Rs 10K cr share trades up.Ashoka Buildcon stock contacted a high of Rs 244 - up 4.2 per cent in intra-day deals on Wednesday after the business declared its own Q1 outcomes. The equity, however, quickly reduced gains.At 11 AM, the equity 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 volume of around 1.50 lakh portions on the BSE. In evaluation, the BSE Sensex was actually up 0.1 per cent or even 62 points at 79,019. Read more10:58 AMSJVN allotments zoom 9% on outstanding Q1FY25 revenues power sales grow 238% YoY.SJVN's share rose around 8.68 per-cent at Rs 148.85 an item on the BSE in Wednesday's intraday trade. The stock rate surged after the provider on Tuesday reported its April-June one-fourth of fiscal year 2024-25 (Q1FY25).State-owned hydropower company SJVN stated a 31 per-cent increase in consolidated internet earnings, getting to Rs 357.09 crore for the June quarter, as a result of greater revenue. This contrasts to a net income of Rs 271.75 crore for the very same period in the previous financial year. Review more10:45 AMHero MotoCorp reveals fall over 4%, even with powerful Q1FY25 results DetailsShares of Hero MotoCorp, the planet's most extensive supplier of motorbikes and also personal mobility scooters, toppled 4.72 percent to Rs 4,992.60 on the BSE in the course of early business on Wednesday, even with the business uploading an extensive surge in its combined net earnings for the first one-fourth of FY25. Learn more.10:32 AMHindustan Zinc plunges 4% as Vedanta panel oks 2.6% risk purchase by means of OFS.Portion 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 updated exchanges that its own panel authorized the sale of up to 110 thousand reveals or even 2.6 per cent equity in the zinc producer through an offer for sale (OFS).In a substitution filing, Vedanta said the duly licensed board of supervisors of Vedanta at its own meeting hosted Tuesday on August 13, 2024, has actually permitted the purchase of upto 110 thousand equity shares of HZL, working with 2.60 per cent of the released and paid-up equity share capital of HZL, by way of a sell with the stock market device. Read more.
10:17 AMSpiceJet Promoter Ajay Singh to weaken over 10% stake to elevate Rs 3,000 crAccording to files, Ajay Singh, the promoter of SpiceJet, is preparing to dilute more than 10 per cent of his concern in the cash-strapped airline company to lift approximately Rs 3,000 crore. Singh currently holds a 47.8 per cent concern in the airline in addition to his family. Singh's shareholding may go down to 30-35 per-cent after the fundraising, though he will continue to be the most extensive investor. Go through more10:07 AMNykaa shares dive 6% after sturdy Q1 program web earnings expand 152% YoY.Portions of FSN Shopping Ventures skyrocketed as high as 5.76 percent at Rs 197.35 per portion on the BSE in Wednesday's intraday trade. The stock cost surged after the firm on Tuesday stated a strong economic functionality in its own April-June quarter of fiscal year 2024-25 (Q1FY25).FSN E-Commerce Ventures, the operator of elegance and personal care brand name Nykaa, disclosed an internet revenue of Rs 13.6 crore for the quarter finishing June 30, 2024, exemplifying a 152 percent boost coming from Rs 5.4 crore in the same period last year. The provider's operating profits for the quarter was actually Rs 1,746 crore, up 23 percent from Rs 1,422 crore in the equivalent one-fourth of the previous year. Read more.