The Indian cement industry is hopeful of greener pastures after a long period of stress led by pricing pressures and other factors. The second half of FY25 is expected to bring respite due to price hikes, cost benefits and higher volumes, said analysts. The optimistic momentum also makes cement stocks attractive, analysts added, advising to buy dips following a period of bearish sentiment in these stocks.
England seamer Gus Atkinson has been named the ICC Men's Player of the Month for July 2024 after his heroics in the Test series against West Indies.
ACC president Jay Shah attributed the body's decision to host Asia Cup matches in Sri Lanka on teams' reluctance to play ODIs in the UAE heat.
In a move aimed at consolidating its Indian operations, Swiss cement major Holcim will increase its control in ACC and Gujarat Ambuja Cements for close to Rs 2,700 crore (Rs 27 billion).
The recent price correction in broader markets has hit cement companies hard. So far in the current month, smallcap firms like Visaka Industries, Andhra Cements NCL Industries, Sahyadri Industries, and KCP have lost 19.7 per cent, 14.3 per cent, 13.8 per cent, 13.5 per cent, and 11.5 per cent, respectively. On the contrary, largecap companies, while registering losses for the month, have seen a softer blow.
Maruf set the tone for Bangladesh's success with a superb opening spell, reducing India to 13 for three inside seven overs.
Smashes six sixes in an over in T20I vs Qatar
ACC's decision clears the way for Pakistan's participation in the subsequent 50-overs World Cup in India in October-November.
The PCB will try to get more matches of the Asia Cup to be staged in Pakistan when the ACC board meets in Dubai on Sunday.
Pakistan dished out a strong top-order display to put up 267 for seven on the board after opting to bat.
Chamari Athapaththu and Harshitha Samarawickrama smashed half-centuries as Sri Lanka stunned India by eight wickets in the final.
The window for the Asia Cup this year is between September 1-17.
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
Najam Sethi met with officials of the Asian Cricket Council and objected to the move to relocate the Asia Cup to Sri Lanka
The Asian Cricket Council (ACC) on Thursday, confirmed that the tournament will be played between August 31st to September 17.
Swiss cement maker Holcim, which had made an open offer to pick up 36.20 per cent shares of ACC, would also buy out the stakeholding of US-based AIG and GIC of Singapore in Ambuja Cement India Limited
Sethi, according to the source, has proposed a Pakistan versus Nepal match and Afghanistan versus Bangladesh, Afghanistan vs Sri Lanka and Sri Lanka v Bangladesh matches in Pakistan.
The BCCI president replaces Bangladesh Cricket Board president Mohammed Ali Asghar, whose two-year term ended.\n\n
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
PCB's senior officials will travel to Singapore to take part in an Asian Cricket Council meeting, hoping to get some confirmation from the BCCI on resumption of bilateral series between the two countries.
The former pacer believes that the Indian team is in possession of a "good squad" but the support from the fan base will also play a crucial role in their journey.
Colombo weather forecast remains somewhat ominous, with a 70% chance of rain predicted for Sunday morning
The broadcaster too has explained the difficulties to relocate their equipment and staff to Hambantota, a deep Southern district, at such a short notice.
Kohli, who has a stellar record against Pakistan, registered his lowest individual score against the Men in Green on Saturday.
Pakistan will not play its World Cup matches in India unless the BCCI and ICC give written guarantees India will come to Pakistan to play in the 2025 Champions Trophy.
United Arab Emirates is the favourite to host the ODI tournament in March.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
The golf leaderboard saw the name Woods' after a long time on Sunday, when Tiger Woods' niece grabbed her first ACC women''s individual title, after finishing a career-best 5-under par.
Having been a pillar of support for Afghanistan cricket for close to a decade now, the BCCI is set to extend infrastructure and exposure-related assistance to Nepal's talented players with the aim to maintain a robust cricketing eco-system in the South Asian region.
The Asian Cricket Council (ACC) on Friday hit back strongly at Pakistan Cricket Board chairman Najam Sethi "vehemently denying baseless allegations" of unilateral decision making levelled against its president Jay Shah.
Though the other members support regarding the Asia Cup matters, PCB chairman Najam Sethi said India has big clout.
ICC said that Pakistan is yet to provide written assurance regarding their participation in the upcoming ODI World Cup in India.
Haris Rauf bowled a couple of hostile spells, while Imam-ul-Haq struck a silken 78 as Pakistan secured a comfortable seven-wicket victory over Bangladesh in a Super Four clash of the Asia Cup, in Lahore on Wednesday.
The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
IMAGES from the Asia Cup Super 4 match played between India and Sri Lanka in Colombo on Friday.
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