.12:00 PMMining operators deal with drawback as SC enables retrospective condition leviesA nine-judge Bench of the High Court on Wednesday (August 14) ruled that its July 25 decision, which permits Condition federal governments to establish taxes on mining and also associated tasks, are going to be utilized retrospectively, yet just for purchases occurring after April 1, 2005, according to a report by Law practice and Bench. Go through more11:48 AMPiramal Enterprises equity 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 trade after the provider reported 64 percent year-on-year (YoY) downtrend in consolidated web profit at Rs 181 crore for the June 2024 quarter (Q1FY25), owing to a single increase of Rs 855 crore built up in Q1FY24 due to a risk purchase in a Shriram Team body. Sequentially, the profit was up 32 per cent coming from Rs 137 crore in March 2024 fourth (Q4FY24).
Read more.11:35 AMMSMEs to acquire Rs 15,000-crore aid to improve recycling where possible, efficiencyScheduled to release through very early 2025, the initiative is going to involve creating product healing establishments (MRFs) as well as managing post-consumption item therapy. Also, a specialized organisation is anticipated to become established to assist MSMEs in their change to green power as well as to generate customized green plans for these enterprises, the record said. Learn more.11:32 AMiPhones improve Apple’s India functions surge to Rs 2 trillion in FY24.Apple’s operations in India viewed a considerable increase in market value to over Rs 2 trillion in FY24, a remarkable growth coming from Rs 1.15 trillion in the previous year.
This growth was driven through a surge in apple iphone development and the domestic purchases of MacBooks, iMacs, iPads, Watches, as well as AirPods, according to a report by The Economic Times.According to officials, Apple has actually illustrated one of the most swift growth in manufacturing and exports with all firms in India over recent five many years. This has installed the Cupertino-based tech titan as the largest global worth chain (GVC) within the country. Apple is also the very first GVC in India to swiftly move portion of its source establishment off of China, the record claimed.
Find out more. 11:15 AMAshoka Buildcon Q1 internet rises 148%, purchase book at Rs 10K cr equity exchanges up.Ashoka Buildcon assets contacted a high of Rs 244 – up 4.2 percent in intra-day deals on Wednesday after the company declared its Q1 results. The stock, having said that, quickly pared gains.At 11 AM, the assets was actually up 0.5 percent at Rs 235.50 astride 1.10 lakh allotments traded at the counter as versus the two-week typical quantity of around 1.50 lakh reveals on the BSE.
In contrast, the BSE Sensex was actually up 0.1 percent or 62 aspects at 79,019. Read through more10:58 AMSJVN allotments zoom 9% on excellent Q1FY25 incomes energy purchases expand 238% YoY.SJVN’s share climbed as much as 8.68 per cent at Rs 148.85 a part on the BSE in Wednesday’s intraday trade. The inventory price jumped after the provider on Tuesday disclosed its own April-June one-fourth of fiscal year 2024-25 (Q1FY25).State-owned hydropower firm SJVN mentioned a 31 per-cent boost in combined net income, connecting with Rs 357.09 crore for the June quarter, because of higher earnings.
This reviews to an internet earnings of Rs 271.75 crore for the same time period in the previous fiscal year. Check out more10:45 AMHero MotoCorp portions fall over 4%, regardless of tough Q1FY25 outcomes DetailsShares of Hero MotoCorp, the globe’s most extensive maker of motorbikes and mobility scooters, toppled 4.72 percent to Rs 4,992.60 on the BSE during very early business on Wednesday, in spite of the firm submitting an enormous surge in its consolidated net earnings for the initial quarter of FY25. Learn more.10:32 AMHindustan Zinc dips 4% as Vedanta board o.k.s 2.6% concern purchase via 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 moms and dad firm Vedanta updated substitutions that its board authorized the purchase of approximately 110 million portions or 2.6 per-cent equity in the zinc creator through a market (OFS).In an exchange submitting, Vedanta claimed the properly authorized board of directors of Vedanta at its appointment held Tuesday on August thirteen, 2024, has authorized the purchase of upto 110 million equity reveals of HZL, exemplifying 2.60 percent of the issued and also paid-up equity portion resources of HZL, using a sell via the stock exchange device.
Read more. 10:17 AMSpiceJet Promoter Ajay Singh to dilute over 10% stake to lift Rs 3,000 crAccording to reports, Ajay Singh, the promoter of SpiceJet, is actually preparing to weaken greater than 10 percent of his risk in the cash-strapped airline company to elevate approximately Rs 3,000 crore. Singh currently secures a 47.8 per-cent concern in the airline in addition to his loved ones.
Singh’s shareholding may fall to 30-35 per-cent after the fundraising, though he will definitely stay the most extensive investor. Check out more10:07 AMNykaa portions jump 6% after tough Q1 program internet earnings increase 152% YoY.Allotments of FSN E-Commerce Ventures shot up as much as 5.76 per cent at Rs 197.35 every portion on the BSE in Wednesday’s intraday profession. The assets cost surged after the provider on Tuesday stated a strong monetary functionality in its April-June quarter of fiscal year 2024-25 (Q1FY25).FSN Ecommerce Ventures, the driver of charm and personal treatment brand Nykaa, disclosed a net profit of Rs 13.6 crore for the quarter finishing June 30, 2024, embodying a 152 percent increase from Rs 5.4 crore in the same period in 2013.
The company’s operating earnings for the quarter was Rs 1,746 crore, up 23 per-cent coming from Rs 1,422 crore in the matching fourth of the previous year. Read more.