From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers. In contrast, Trent, Eternal, Axis Bank and Titan were among the laggards.
Larsen & Toubro Ltd on Tuesday decided to demerge its cement business into a new cement firm.
For years, the cricket world has speculated about a supposed rift between star spinners Ravichandran Ashwin and Harbhajan Singh, fueled by Ashwin's ascension in the Indian team as Harbhajan's career wound down.
From the Sensex pack, Bajaj Finserv, Larsen & Toubro, Bajaj Finance, HDFC Bank, Bharat Electronics and Kotak Mahindra Bank were among the major laggards. However, Tata Steel, Asian Paints, UltraTech Cement, and Trent were the biggest gainers.
According to industry analysts, this will have a marginal effect because hardly 10 per cent of the cement sold in the country has the maximum retail price of Rs 250 a bag (50 kg). H M Bangur, president, Cement Manufacturers' Association and managing director of Shree Cement, said: "Such a measure will have impact on certain regions of the country where the prices are on the higher side. This will include the north-east, Tamil Nadu, Kerala and Mumbai."
The unchanged duty structure for the cement industry is a major disappointment. However impetus for rural growth and infrastructure development will ensure healthy demand to continue.
The MiG-21's sharp silhouette and supersonic roar will live on in the memories of those who flew it, those who maintained it, and those who watched it streak across the sky as a symbol of India's strength, asserts IAF veteran Air Commodore Nitin Sathe (retd).
SKY has rewritten franchise history by becoming the first player from the team to notch up three Indian Premier League (IPL) seasons with 500 or more runs
From the Sensex constituents, Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan were among the biggest gainers. In contrast, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics were among the laggards.
UltraTech currently has 19% market share with Shree Cement commanding 22% of the market
Major cement companies have hiked the cement prices in South India by Rs 8-10 for 50 kg bags.
In a game dominated by big-hitters, Harshal Patel quietly carved out a slice of IPL history - becoming the fastest bowler to claim 150 wickets
Eternal was the biggest gainer in the Sensex pack, jumping 4.50 per cent, followed by Power Grid, ICICI Bank, Reliance Industries, UltraTech Cement, Adani Ports, Sun Pharma, ITC and Hindustan Unilever were also among the winners. In contrast, IndusInd Bank, Axis Bank, Bajaj Finserv and Bajaj Finance were among the laggards.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
With the acquisition of 14.8 per cent stake in Gujarat Ambuja Cements Ltd, by Swiss cement major Holcim, foreign players, including Lafarge, would be controlling nearly 25 per cent of total production in the country.
Only Cement is assessed to retail selling price based excise duty but denied abatement; also seeks imposition of import duty due to emerging surplus supply situation in India
Cheteshwar Pujara was the cornerstone of the Indian batting line-up in Tests, featuring in 103 matches in which he scored 7,195 runs at an average of 43.60, with 19 centuries.
India's cement demand is expected to grow by over 10 per cent.
Andhra Pradesh will establish two expansive integrated space cities in Lepakshi and Tirupati, spanning around 33,000 acres.
The increased focus on infrastructure development and housing sector is expected to raise demand for cement,
This was a soaring evening that sent hearts aflutter and for a few brief moments we tasted the breath of pure freedom that has been missing in this country for the past several years.
Deep Kamra, the country manager of Dangote Cement -- owned by Nigeria's Dangote Industries Limited -- was attacked on Wednesday in the restive Oromiya region.
Companies may maintain status quo on low monsoon demand, capacity addition.
From the Sensex firms, Hindustan Unilever, Kotak Mahindra Bank, Trent, Reliance Industries, Asian Paints and ITC were among the gainers. However, Bharat Electronics Ltd, Tech Mahindra, UltraTech Cement, Maruti and Eternal were among the laggards.
The cement industry says the move will have a marginal impact as the government had allowed export of cement from ports in Gujarat on May 27. The government had also allowed export of the construction material to land-locked Nepal, which depends on India for its supplies.
Punjab Kings captain Shreyas Iyer opened up on his 'Sarpanch Sahab' nickname, which he received since joining the franchise.
Bestway Cement, part of the UK-based Bestway Group, is probably the first company from Pakistan not to take fresh orders. In a letter (of which Business Standard has a copy) to the commerce secretary, Zameer Choudrey, group chief executive, Bestway, said, "Because of logistical problems, we are unable to deliver the cement to them (Indian importers) and hence we stopped taking new orders over a month ago."
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
Cement shipments from Pakistan will hit the Indian markets by the end of the month at prices that are up to a third lower than domestic prices.
Cement companies, so far defiant on cutting prices, could soon be trapped in their own net with their huge investment plans set to result in oversupply by next fiscal
The government has put the process of certification of foreign cement manufacturers on a fast track to facilitate import of the building material in the country to meet the growing demand and tame prices.
The country's leading steel companies were considering a price increase of Rs 1,000-2,000 per tonne from April 1, despite a partial rollback last month.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
The 189-million tonne domestic cement industry is gearing up to tackle attrition in the industry.
At least four global cement majors, Lafarge, CRH, Heidelberg Cement and Intalicementi, are in the race to buy a little-known cement company in Maharashtra Murli Industries with a total capacity of 2.9 million tonnes.
The need for NavIC was cemented after India was denied access to crucial navigation data from global providers during the 1999 Kargil War.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
Sensex sinks 573 pts on global tensions and high crude prices
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