Ramiz Raja says he will discuss his proposal to launch a four-nation ODI tournament with Sourav Ganguly
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter. Year-on-year (YoY) net sales growth in Q3 will come in at nearly 7 per cent, shows Bloomberg data, while bottom-line growth will show a sharp decline of 25 per cent from a year ago. The earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely decline by nearly 5 per cent versus a year ago, shows data.
Discussions are also going on to bring PLI scheme for toys, furniture, bicycles and containers. The objective of the scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs.
Most of the Adani Group companies fell in the morning trade on Friday and flagship Adani Enterprises tumbled 10 per cent after index provider MSCI decided to reduce the weightage of four firms in its indices following a review. Amid volatile trading in the market, seven Adani Group firms were in the negative territory while three others were in the green. Adani Enterprises plunged 10 per cent to Rs 1,734.60 per share, its lower price band on the BSE, and the company's market valuation dropped to Rs 2.14 lakh crore.
BCCI honourary secretary Jay Shah provived updates on the Asia Cup venue, WPL and India's preparations for the ODI World Cup.
Cement companies witnessed speculative support from investors through FY23 amid hopes of a rebound. After capex announcements in the FY24 Budget, there was further interest due to expectations that government expenditure would boost earnings, besides a generic macro-recovery. Cement earnings were under pressure in FY22 and FY23 due to high raw material and fuel costs; muted demand prevented them passing on the higher cost.
Players' security is important said Sports Minister Anurag Thakur.
'Yeah! Look, obviously, I was a little surprised when I heard it first. But we don't organise the competition, so we can't do a whole lot about it, right?'
Pakistan skipper Babar Azam hailed his team's pace bowling unit, saying the fast bowlers would boost the side's confidence ahead of its Super Sunday clash against arch-rivals India.
Binny and Shukla travelled to Pakistan following an invitation to members of the Asian Cricket Council
India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. If the government has to consider providing incentives then it will only be for all EV makers and entrants who want to come to India, the official said. The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" came to any conclusion on those.
Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report.
Sri Lanka coach Chris Silverwood was disappointed by his team's meek outing in the Asia Cup final but said it was a timely wake up call for his side ahead of the ODI World Cup next month.
Zaka Ashraf said he "will not block" the decision taken by his predecessor Najam Sethi
The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors. The deal, valued at nearly $10.35 billion, will put in the shade Cairn Energy Plc's exit from India in 2010, when it sold Cairn India to Vedanta Group for $4.48 billion. According to various reports, big business groups such as AV Birla, JSW Group, and Adani Group are in the fray to acquire Holcim's assets in India.
The lady looked completely taken aback by Kinchit's proposal and was heard repeatedly saying, 'I can't believe this'.
We did not ask India to send 'little kids' for Emerging Asia Cup, says Pakistan's Mohammad Haris
If he plays IPL 2024, Wellalage will be the fourth player from the U-19 World Cup 2022 to play the IPL. South Africa's Dewald Brevis plays for the Mumbai Indians, Raj Bawa plays for the Punjab Kings and Yash Dhull plays for the Delhi Capitals.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
With all the big four Asian sides having packed schedules until the end of the year, finding a window for the tournament this year would have been extremely difficult.
Renuka Singh and Richa Ghosh were left out, while Shreyanka Patil was ignored as India named an 18-member Indian women's cricket team for the limited overs tour of Bangladesh.
India's struggles against left-arm pacers continued in their high-octane clash against Pakistan during the Asia Cup 2023 at Kandy.
Viewers and fans across the country will be treated to a highly entertaining encounter on Wednesday between India (A) and Pakistan (A), in the prestigious ACC Men's Emerging Asia Cup 2023.
Jay Shah replaces Bangladesh Cricket Board (BCB) chief Najmul Hasan Papon.
The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public. The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping. At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively.
A cricket match involving India and Pakistan is not just about top-quality cricket, but it is also about roaring fans giving the stadium the atmosphere of a Roman colosseum.
The emergence of these young talents from India and Pakistan presents an exciting glimpse into the future of the subcontinent's cricket.
India and Pakistan haven't played a bilateral series since 2012/13, after that series the bilateral cricket ties between India and Pakistan have been suspended due to the heightened diplomatic tensions between the two neighbours.
India to open campaign against Pakistan in Kandy on Sep 2, meet again in Colombo on Sep 10
Pakistan team's current media manager Umar Farooq Kalson and board's GM (International Cricket) Adnan Ali are under scanner after pictures and video footages emerged of the duo visiting a Colombo casino.
The Sri Lanka-Afghanistan fixture will be the second one at the Gadaffi Stadium and is expected to be a run feast. - Asia Cup 2023.
The Competition Commission has ordered a detailed probe against Google for alleged anti-competitive practices in the smart television operating systems market in the country. After assessing a complaint, the watchdog has reached the prima-facie view that Google is dominant in the relevant market for licensable smart TV device operating systems in India. In a 24-page order, the Competition Commission of India (CCI) said that prima-facie mandatory pre-installation of all the Google applications under TADA amounts to imposition of unfair conditions on the smart TV device manufacturers.
Who do you think should be part of India's playing XI for the Asia Cup Super 4s match against Pakistan?
Mohammad Nabi's game changing 65 off 32 balls came to nothing as Sri Lanka pulled off a thrilling two-run win over an audacious Afghanistan.
Bangladesh eye an improved performance from their batters in their 2nd group match against Afghanistan on Sunday in the Asia Cup 2023.
Following the SGM in Ahmedabad, BCCI secretary Jay Shah said the World Cup schedule is expected to be announced during the WTC Final.
The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
Stocks of all the ten listed Adani Group firms ended with gains on Wednesday, continuing the positive momentum amid a recovery in the broader equity market. Adani Enterprises stock jumped 14.70 per cent to settle at Rs 1,564.55 on the BSE. In intra-day trade, it rallied 15.83 per cent to Rs 1,580.
