Among Sensex firms, Tata Motors rose the most by 3.97 per cent. Mahindra & Mahindra jumped by 3.96 per cent. Maruti, Adani Ports, Bajaj Finance and UltraTech Cement were also among the gainers. However, Trent declined 3.81 per cent. Asian Paints, HCL Tech, Tech Mahindra, L&T, TCS, Power Grid and Sun Pharma were also among the laggards.
The cement industry is likely to add around 15 million tonnes of fresh capacity in 2007-08 - a little over half of the 27 million tonnes it had talked about at the beginning of the financial year.
Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.
Finance Minister P Chidambaram's efforts to bring down cement prices have finally borne fruit as cement manufacturers have introduced cuts in prices.
A woman and her lover have been arrested in Kheirathal Tijara district, Rajasthan, in connection with the murder of her husband. The couple confessed to the crime after dumping the body in a plastic tank.
The 23-year-old explained that his stint with Delhi Capitals sharpened his cricketing brain.
Fresh from a hard-fought 2-2 draw in England, Shubman Gill's men will be eager to translate their overseas resilience into home dominance.
It's a bit of a shock to see Rohit not going to Australia as captain: Harbhajan
Among Sensex firms, NTPC, Axis Bank, Power Grid, Bharti Airtel, Eternal and Sun Pharma were the major gainers. However, Infosys, Titan, UltraTech Cement and Hindustan Unilever were among the laggards.
Between April and August this financial year, passenger car exports rose 8.5 per cent year-on-year (Y-o-Y), while domestic sales fell by 8.5 per cent.
Diane Keaton's wit and honesty taught us that ageing and uncertainty aren't weaknesses, they are part of what makes us human and graceful, observes Sreehari Nair.
Afghanistan's captain and premier spinner Rashid Khan etched his name in the history book
The Ministry of External Affairs (MEA) expressed its "deep concern" regarding the abduction of Indians, employed at the Diamond Cement Factory in Kayes.
Among Sensex firms, Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid were the major laggards. However, Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries were among the gainers.
Reliance-Anil Dhirubhai Ambani Group is looking for acquisitions to start its cement business much before it completes its 4,000-Mw mega power project at Sasan in eastern Madhya Pradesh, which is to provide the fly ash that is used to make cement.
Naukri.com-parent Info Edge, whose long-term bets on Indian startups ranging from Zomato to Policybazaar yielded blockbuster returns, has been named the country's most successful venture investor, cementing its reputation as a standout player in India's startup ecosystem. The firm, helmed by Sanjeev Bikhchandani - often referred to as India's Warren Buffett- invested a total capital of Rs 3,959.16 crore across platforms over the last one and a half decades.
Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.
Benchmark BSE Sensex rallied 746 points to close above the 80,000 mark on Monday following buying in oil, auto and banking shares amid fresh foreign fund inflows. The 30-share Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08 with 26 of its constituents ending higher.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
Other core industries such as coal steel attract duty at around 5%. Cement is one of the core infrastructure industries and has limited manufacturing capacity in view of the expected GDP growth and projected demand for cement over the medium to long term.
During the last six months, since the cement market witnessed an unexpected surge in demand which later was followed by incessant rise in cement prices, the valuations have jumped by 48 per cent. The replacement cost is the amount of capital needed to replace an old cement plant.
The IPO wave of 2025 is here, and it's bigger than ever. From fintech unicorns to financial powerhouses and infrastructure giants, some of India's biggest names are all set to make their stock market debut. PhonePe, Zepto, Tata Capital, NSE, NSDL, and JSW Cement are just a few of the highly awaited listings that have investors and analysts buzzing with excitement.
The short turnaround time from the high of winning a controversy-marred Asia Cup notwithstanding, Shubman Gill's India will be outright favourites against a struggling and under-strength West Indies when the teams face-off on a green-top in the first Test in Ahmedabad on Thursday.
India's largest cement firm, Ultratech Cement, has joined the race to acquire the Holcim stake in Ambuja Cements and its subsidiary, ACC. UltraTech - part of the Aditya Birla Group - submitted a non-binding bid on Wednesday. Swiss multinational Holcim, which manufactures building material, is exiting India by selling its 63.19% stake in Ambuja Cements. According to banking sources, UltraTech has submitted a plan to Holcim, outlining divestiture details that would meet the norms set by anti-trust body Competition Commission of India.
Among Sensex firms, Bharat Electronics, Eternal, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid were the gainers. However, Adani Ports, ITC, UltraTech Cement and Titan were among the laggards.
'He's a hypocrite because he's the one who said that India, when he was not the coach of Team India, said that India and Pakistan should never play a match between them.'
Indian Air Force Group Captain Shubhanshu Shukla, the first Indian to visit the International Space Station, received a hero's welcome in his hometown of Lucknow. Celebrations included family, supporters, a roadshow, and recognition from government officials.
Maria Sharapova was officially inducted into the International Tennis Hall of Fame on Saturday night in Newport
Norway secured a commanding 5-0 win at home to Israel in a World Cup qualifier on Saturday, as Erling Haaland struck a hat-trick to celebrate his 50th international goal and helped move his side to the brink of a place at next year's tournament.
Zubeen Garg was not just Assam's voice, he was its heartbeat, its rebellion, and its song of unity in a land often torn apart.
Without Carlsen, the GCT was announced and this is the culmination point wherein the players would qualify for the grand finale slated later this year.
Chinese equipment is comparatively cheaper than those from Europe. Puneet Dalmia, managing director, Dalmia Cement, said, "At present, we have no plans to bring machinery from China as there are unclear evidences regarding how long the plant would last." Cement majors such as ACC and Shree Cement has imported a small part of their equipment need from China, but these do not make part of the main cement plant.
Among Sensex firms, Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro were the major gainers. However, Power Grid, HDFC Bank, ICICI Bank, Hindustan Unilever were among the laggards.
Grasim Industries, a part of the Aditya Birla group, has decided to sell 53.3 per cent stake in Shree Digvijay Cement Company (SDCC) to Cimpor, a Portuguese cement maker, for Rs 322 crore (Rs 3.22 billion).
The company says it is gaining fast because of its strategy extending brand CSK into the market by being associated with cricket's most valuable property, the Indian Premier League that consists of 10 teams.
To shield against US President Donald Trump's tariff shock, analysts have been advising investors to focus on stocks of domestic-oriented companies, rather than export-centric ones, to minimise potential losses.
Following good demand from domestic sector, cement shipments have come down by almost 30 per cent this year.
Its rich valuation with a PE of 62 times raises downside risk for investors
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