.12:00 PMMining drivers face problem as south carolina permits retrospective condition leviesA nine-judge Bench of the High Court on Wednesday (August 14) concluded that its July 25 decision, which enables Condition federal governments to impose taxes on mining and also related tasks, will be used retrospectively, but only for purchases developing after April 1, 2005, according to a report through Legal profession and also Bench. Read through more11:48 AMPiramal Enterprises stock topples 10% post June fourth resultsShares of Piramal Enterprises plunged 10 per-cent to Rs 882.85 on the BSE in Wednesday's intra-day exchange after the company reported 64 percent year-on-year (YoY) decline in consolidated web earnings at Rs 181 crore for the June 2024 quarter (Q1FY25), being obligated to repay to a single gain of Rs 855 crore accumulated in Q1FY24 because of a concern purchase in a Shriram Team company. Sequentially, the earnings was actually up 32 per-cent coming from Rs 137 crore in March 2024 fourth (Q4FY24). Learn more.11:35 AMMSMEs to receive Rs 15,000-crore subsidy to increase recycling, efficiencyScheduled to launch through very early 2025, the campaign will include developing material rehabilitation facilities (MRFs) as well as coping with post-consumption product treatment. Furthermore, a specialist organisation is counted on to become set up to assist MSMEs in their change to eco-friendly power and also to generate customized eco-friendly policies for these enterprises, the record claimed. Find out more.11:32 AMiPhones enhance Apple's India operations surge to Rs 2 mountain in FY24.Apple's functions in India found a notable increase in worth to over Rs 2 trillion in FY24, a noteworthy growth coming from Rs 1.15 trillion in the previous year. This development was driven through a surge in iPhone production as well as the domestic sales of MacBooks, iMacs, iPads, Watches, and also AirPods, depending on to a document by The Economic Moments.According to officials, Apple has displayed the absolute most swift development in production and also exports one of all companies in India over recent 5 years. This has actually set up the Cupertino-based technology giant as the largest global market value establishment (GVC) within the country. Apple is actually also the very first GVC in India to quickly move portion of its source establishment away from China, the report said. Read more.
11:15 AMAshoka Buildcon Q1 web escalates 148%, purchase book at Rs 10K cr equity exchanges up.Ashoka Buildcon share handled a higher of Rs 244 - up 4.2 per-cent in intra-day offers on Wednesday after the firm revealed its own Q1 results. The stock, nevertheless, soon pared gains.At 11 AM, the equity was up 0.5 per cent at Rs 235.50 on the back of 1.10 lakh allotments traded at the counter as versus the two-week average volume of around 1.50 lakh portions on the BSE. In comparison, the BSE Sensex was up 0.1 per cent or 62 points at 79,019. Read through more10:58 AMSJVN shares zoom 9% on stellar Q1FY25 incomes power purchases expand 238% YoY.SJVN's share climbed up to 8.68 per-cent at Rs 148.85 an item on the BSE in Wednesday's intraday exchange. The inventory rate jumped after the company on Tuesday disclosed its own April-June one-fourth of financial year 2024-25 (Q1FY25).State-owned hydropower business SJVN stated a 31 percent boost in consolidated web income, getting to Rs 357.09 crore for the June quarter, due to much higher income. This matches up to an internet income of Rs 271.75 crore for the very same duration in the previous fiscal year. Check out more10:45 AMHero MotoCorp allotments fall over 4%, despite tough Q1FY25 results DetailsShares of Hero MotoCorp, the planet's largest producer of motorcycles as well as motorbikes, tumbled 4.72 percent to Rs 4,992.60 on the BSE during the course of very early trade on Wednesday, in spite of the company submitting an enormous surge in its combined net earnings for the initial one-fourth of FY25. Learn more.10:32 AMHindustan Zinc dips 4% as Vedanta panel okays 2.6% stake sale 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 educated exchanges that its own board permitted the sale of approximately 110 million portions or even 2.6 percent equity in the zinc maker through an offer for sale (OFS).In a substitution submitting, Vedanta pointed out the duly licensed board of directors of Vedanta at its meeting had Tuesday on August 13, 2024, has authorized the purchase of upto 110 million capital allotments of HZL, representing 2.60 per-cent of the released and paid-up equity share funds of HZL, using a market via the stock market device. Read more.
10:17 AMSpiceJet Marketer Ajay Singh to water down over 10% risk to elevate Rs 3,000 crAccording to documents, Ajay Singh, the promoter of SpiceJet, is actually intending to dilute more than 10 per-cent of his concern in the cash-strapped airline company to elevate about Rs 3,000 crore. Singh currently keeps a 47.8 percent concern in the airline together with his family. Singh's shareholding might go down to 30-35 per-cent after the fundraising, though he will definitely remain the largest shareholder. Check out more10:07 AMNykaa shares jump 6% after solid Q1 series internet earnings expand 152% YoY.Allotments of FSN Shopping Ventures shot up as long as 5.76 percent at Rs 197.35 every reveal on the BSE in Wednesday's intraday field. The stock price surged after the firm on Tuesday mentioned a solid financial efficiency in its April-June fourth of financial year 2024-25 (Q1FY25).FSN E-Commerce Ventures, the driver of appeal and also individual treatment company Nykaa, stated an internet revenue of Rs 13.6 crore for the quarter ending June 30, 2024, exemplifying a 152 per-cent rise coming from Rs 5.4 crore in the same time in 2015. The business's operating revenue for the quarter was actually Rs 1,746 crore, up 23 percent from Rs 1,422 crore in the corresponding quarter of the previous year. Learn more.