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.
United Arab Emirates is the favourite to host the ODI tournament in March.
Maharashtra batsman Vijay Zol will lead the India Under-19 squad for the ACC Asia Cup in the UAE, which begins on December 28. Kerala wicketkeeper Sanju Vishwanadh, who was part of the Under-19 team for the Asia Cup in 2012, has been named his deputy.
India head coach Gautam Gambhir, BCCI president Roger Binny and all-rounder Hardik Pandya led the long list of joyous members of the cricketing fraternity in lauding Jay Shah, who was on Tuesday elected unopposed as the ICC Chairman.
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.
Smashes six sixes in an over in T20I vs Qatar
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 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.
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.
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.
Though the other members support regarding the Asia Cup matters, PCB chairman Najam Sethi said India has big clout.
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.
ICC said that Pakistan is yet to provide written assurance regarding their participation in the upcoming ODI World Cup in India.
Recently, Sethi made a sarcastic dig at Shah after the ACC chairman had released the two-year itinerary, which PCB chief alleged was not discussed with his board.
There is little to no chance of the Asia Cup being held in Pakistan in September.
PCB chief Najam Sethi said that they had sent a proposal to ACC that India can play their matches at a neutral venue.
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 special court-appointed custodian is to sell 1.62 crore (16.2 million) shares of Associated Cement Companies Ltd and 1.25 million shares of Snowcem Ltd held by Harshad Mehta group entities through a public auction.
The PCB clarified that the concept of a 'hybrid model' of tournament was strictly pertaining to Asia Cup since India will not travel to Pakistan.
Chamari Athapaththu and Harshitha Samarawickrama smashed half-centuries as Sri Lanka stunned India by eight wickets in the final.
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.
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.
IMAGES from the Asia Cup Super 4 match played between India and Sri Lanka in Colombo on Friday.
Sethi toes Raja's line on Asia Cup
It will be interesting to see if Pakistan, after this snub, competes in the tournament, scheduled to be held from September 2-17.
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.
The likely new chairman of Pakistan Cricket Board (PCB) Zaka Ashraf has rejected his predecessor Najam Sethi's much-publicised "hybrid model" for the upcoming Asia Cup.
The Asian Cricket Council could accept PCB chairman Najam Sethi's proposed Hybrid Model for conducting four non-India Asia Cup games in Pakistan.
The tournament final will be played at the Dubai International Stadium on December 17. All group matches and semi-finals will be played at the ICC Academy Ovals 1 and 2.
IMAGES from the Asia Cup match between Sri Lanka and Bangladesh played in Pallekele on Thursday.
Fans from both countries came out in their numbers and even two short spells of rain couldn't dampen their spirit as they cheered for their teams on a day that saw Ishan Kishan and Hardik Pandya score quick wickets while Shaheen Afridi and Haris Rauf took a bulk of the Indian wickets...
"The PCB is wondering, in what capacity has Jay Shah given the statement that the ACC will look to relocate the Asia Cup to the UAE instead of Pakistan because the hosting rights were awarded by the executive board of the ACC, not the President," the PCB source said.
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 Sensex opened with a positive gap of 67 points at 16,796. After advacing to a high of 16,844, the index slipped into the red to 16,668 - down 176 points from the day's high. It finally ended at 16,721 points, 23 points higher. The NSE Nifty settled with a loss of 23 points at 4,999. ACC was the biggest loser on the Sensex, down 5.5% to Rs 798. Reliance COmmunication and Rel Energy were down 2.89% and 2.73%. Hindustan Unilever was the biggest gainer, up 3.12% to Rs 249.35.
"As such, the PCB has written to the Asian Cricket Council to convene an emergency meeting of its Board as soon as practically possible, on this important and sensitive matter,"
Shreyas Iyer out of Pakistan clash with back spasm
