With another quarter of steady growth in demand, cement companies are expected to report strong year-on-year (Y-o-Y) growth in earnings, according to analysts. The September quarter (Q2FY24) also witnessed a resumption of price hikes in certain markets. UltraTech Cement, India's largest cement producer, reported a 15 per cent Y-o-Y increase in cement sales in the country for the quarter under review.
40,000 security personnel guard every nook and corner of New Delhi as US President Barack Obama arrives.
Axis Bank on Thursday reported a 54 per cent jump in its standalone net profit to Rs 4,117.77 crore for the quarter ended March 2022. The country's third-largest private sector lender had posted a net profit of Rs 2,677.06 crore in the year-ago period. The total income (standalone) rose to Rs 21,999.58 crore in the January-March period of 2021-22 against Rs 19,035.12 crore in the same period of 2020-21, Axis Bank said in a regulatory filing. For the full 2021-22, the net profit nearly doubled to Rs 13,025.48 crore from Rs 6,588.50 crore in 2020-21.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
Terming it as a "world war" against COVID-19, the apex court said that due to the "unprecedented pandemic" everybody in the world is suffering one way or the other.
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.
TRS leader K T Rama Rao confirmed that Kishor's Indian Political Action Committee (I-PAC) is working for TRS officially.
The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.
South Africa batsman Hashim Amla has reportedly been roped in by Kings XI Punjab to replace Shaun Marsh, who was forced to cut short his Indian Premier League season with a back injury.
The Supreme Court observed on Tuesday it is more concerned about the risk factors than anything else when it comes to the conditional approval granted by the Centre for environmental release of genetically modified (GM) mustard. On October 25 last year, the Genetic Engineering Appraisal Committee (GEAC) under the Union environment ministry had approved the environmental release of transgenic mustard hybrid DMH-11 and the parental lines containing barnase, barstar and bar genes so they can be used for developing new hybrids. The apex court is hearing separate pleas by activist Aruna Rodrigues and NGO 'Gene Campaign' seeking a moratorium on the release of any genetically modified organisms (GMOs) into the environment pending a comprehensive, transparent and rigorous bio-safety protocol in the public domain conducted by agencies of independent expert bodies the results of which are made public.
The rupee fell to an all-time low of 61.21 on Monday, sparking speculation about potential measures from the Reserve Bank of India, including providing a special window for oil companies to buy dollars.
After Prime Minister Narendra Modi's announcement of a 21-day lockdown across the country, Indian Railways on Tuesday said that its suspension of all passenger services will continue till April 14. However, freight movement will continue to carry essential commodities across the country, officials said.
Adani Green Energy entered the list of top-10 most valued companies in terms of market capitalisation (m-cap) in the country on Monday after its stock price zoomed 16.3 per cent to hit a new high of Rs 2,701.6 on the BSE. Adani Green Energy's m-cap now stands at Rs 4.22 trillion, surpassing Bharti Airtel, which has an m-cap of Rs 4.16 trillion. With today's rally, the stock has zoomed about 25 per cent in the last two trading days after UAE's International Holding Company (IHC) agreed to invest Rs 3,850 crore in Adani Green Energy through preferential issue.
Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker to deposit 10 per cent of the total amount within three weeks. The amount has to be deposited with the Registrar of the National Company Law Appellate Tribunal (NCLAT). A three-member NCLAT bench stayed the demand notice issued on October 27 to the car maker, subject to the condition of depositing 10 per cent of the penalty amount.
Scores of Tibetans staged a protest on Friday morning outside HotelTajPalace where Chinese President Xi Jinping and his wife are staying.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 2.04 per cent increase in its consolidated net profit for the second quarter at Rs 1,419.6 crore on the back of higher sales. The auto major had posted a net profit of Rs 1,391.1 crore in the July-September quarter of the previous fiscal.
This is the sixth day on the trot that Delhi has recorded over 300 deaths due to coronavirus.
Chief Minister Arvind Kejriwal had applied for an official bungalow in Lutyen's Delhi soon after he was sworn-in, official documents have revealed.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
The three-member probe commission headed by rtd Justice Mukul Mudgal, who had been appointed by the Supreme Court to look into IPL VI fiasco, interrogated tainted cricketer S Sreesanth and IPL CEO Sundar Raman among others in Mumbai.
We ask our Rediff readers if the ban on the film due to be broadcast on March 8, International Women's Day, justified.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
The simplified form will comprise details of taxpayers' mutual fund transactions, pending and completed income tax proceedings, status of income tax demand, besides tax deducted at source and tax collected at source. Form 26AS is an annual tax credit statement containing details of various taxes deducted on income.
Govt returns 20 names to SC collegium to reconsider
In growing incidents of crime against women, a woman, 25, was allegedly gang-raped in a moving car in south Delhi.
The city has reported around 2,100 deaths due to the deadly virus in the last 11 days.
The phone could be in your hand but another person, possibly a militant or a sympathiser, could be using its 'hotspot' facility, say police officials, red-flagging the latest modus operandi of terrorists in Kashmir and warning unsuspecting civilians about the trouble they could land in.
Bank had registered a standalone net profit of Rs 1,263 crore in the same period a year ago
A group of noted former civil servants on Wednesday sought withdrawal of the Supreme Court's "gratuitous observations" against social activist Teesta Sitalvad and others while upholding the SIT's clean chit to the then Gujarat Chief Minister Narendra Modi in the 2002 communal riots in the state.
It couldn't be immediately ascertained whether he has partnered with any entity or airline for the bid.
The government on Monday announced that those who have lost their passports or got them damaged due to the floods in Chennai can have them replaced free of charge.
On Friday, India marked the first anniversary of Prime Minister Narendra Modi's pet project Swachh Bharat Abhiyaan. Various programmes were held across the country to mark the event, which coincides with the birth anniversary of Mahatma Gandhi.
As per the assessment from the IIT Kanpur team, the second wave has waned significantly almost in every state except in some Northeast states (Mizoram, Manipur, Sikkim etc.).
Scientists said the patients who were obese, had hypertension or poorly managed diabetes had a higher risk of dying compared to those who did not have these conditions.
The BWF said that it was also looking at options to host its annual general meeting and members' forum which were due to take place in Aarhus in August.
The national capital reported 407 COVID-19 fatalities and 20,394 cases with a positivity rate of 28.33 per cent on Sunday, the lowest since April 19, according to a bulletin issued by the Delhi health department.
The minister of state for Human Recourse Development Shashi Tharoor on Sunday said the arrest of Kerala pacer S Sreesanth for alleged spot fixing is "very painful" for cricket fans in the state.
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
Indian Test captain Virat Kohli is set to have a game on him with a leading mobile game publisher announcing the launch of Virat Cricket Challenge.
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