Shares of PC Jeweller surged up to 4.42 per cent, hitting its 52-week high at Rs 99.46, a piece on the BSE in intraday deals. The stock price jumped after the company on Wednesday reported a turnaround in its net profits in the April-June quarter of financial year 2024-25 (Q1FY25).

For the first quarter of FY25, revenue from operations stood at Rs 401 crore, marking a 158 per cent increase from Rs 67 crore in Q1FY24.

The Supreme Court on Wednesday stayed the verdict of the insolvency appellate tribunal, NCLAT, approving Rs 158.9 crore dues settlement of edtech major Byju's with the BCCI.

A bench headed by Chief Justice D Y Chandrachud also stayed the NCLAT verdict setting aside the insolvency proceedings against Byju's.

State-run Oil and Natural Gas Corporation (ONGC), JSW Group’s JSW Neo Energy, and Singapore’s Sembcorp Industries Ltd have been shortlisted to submit binding bids to acquire a majority stake in Ayana Renewable Power Pvt Ltd, according to a report by Mint.

This potential deal, valued at approximately $800 million in equity, could become one of the largest transactions in India’s green energy sector.

The Supreme Court on Wednesday declined to grant immediate interim bail to Delhi Chief Minister Arvind Kejriwal in the now-cancelled 2021-22 excise policy case probe.

The court also issued a notice to the Central Bureau of Investigation (CBI), seeking their response on the matter.

Kejriwal had filed a plea in the top court against the Delhi High Court order upholding his arrest by the CBI.

Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies.

In a statement, FSC said it has taken cognizance of the contents of the report published by Hindenburg Research on August 10, 2024, wherein mention has been made of 'Mauritius-based shell entities' and Mauritius as a 'tax haven'.

The port out of Vodafone Idea (Vi) subscribers to state-owned BSNL has increased since the tariff hikes in July, CEO Akshaya Moondra said on Tuesday.

Vi had jacked up tariffs in July following a similar move by competitors Airtel and Jio. But BSNL had maintained the status quo.

Amid a controversy over who hoists the flag at the Delhi government's Independence Day ceremony here, senior AAP leader Manish Sisodia Tuesday assailed Lt Governor V K Saxena, saying there should be no problem with an elected minister doing it.

The Delhi government's General Administration Department (GAD) has refused to comply with its minister Gopal Rai's direction to make arrangements for Education Minister Atishi to hoist the national flag as per a letter by Chief Minister Arvind Kejriwal to the LG.

Amazon India on Monday said that it has formed a strategic partnership with electric mobility firm Gentari for its EV deployment programme as it targets a fleet of 10,000 electric vehicles for last-mile deliveries by 2025.

Under the collaboration, Gentari Green Mobility Business will procure and deploy electric vehicles for the company in the next three years besides providing comprehensive fleet management services to the delivery service partners (DSPs) to ensure the seamless operation and upkeep of the EV fleet, Amazon India said.

Indian Railways has scrapped its Rs 30,000-crore tender for the production and maintenance of 100 Vande Bharat trains, as reported by MoneyControl and confirmed by Olivier Loison, managing director of Alstom India.

The cancellation comes after the railways found the price quoted by the lowest bidder, Alstom India, to be ‘too high’. According to the report, the French multinational company had quoted a price of Rs 150.9 crore per train. However, the railways wanted to seal the deal at Rs 140 crore per train.

Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares were down 15 per cent at Rs 33.89 per share as against 364 points, or 0.46 per cent, dip in the benchmark BSE Sensex.

In two days, Coffee day Enterprises share price has tumbled 28.6 per cent after the company informed the exchanges that the National Company Law Tribunal (NCLT), Bengaluru bench, has admitted the company for insolvency proceedings.

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