Sensex sinks 573 pts on global tensions and high crude prices
From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards. IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers.
India will kickstart their campaign on September 10 against the UAE. Media reports suggest that Gill could make his return to the T20I team, possibly as vice-captain.
Glass facades and air-conditioned enclaves are giving way to spaces that breathe -- homes that reflect a deeper connection to nature, heritage, and well-being.
Transport Minister Kamal Nath on Thursday said the government may look at using cement for constructing over 18,000 km of expressways in the country.
Post-lunch, Pant brought up his half-century with a single before launching his third maximum, cementing his reputation as one of the game's most fearless stroke-makers in red-ball cricket.
IndusInd Bank, Nestle, UltraTech Cement, Mahindra & Mahindra, Power Grid, Asian Paints, Sun Pharma and Tech Mahindra were also among the laggards. Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech were among the gainers.
The CCI says that cement firms met regularly to fix prices, control market share and hold back supply.
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.
His Bradmanesque sequence of scores in domestic cricket in recent years have mingled with the most testing time of his career, but Karun Nair picks the "end of 2022" as the toughest he has had to endure, describing it as "quite a dark place."
Together, the two young stars have now claimed seven out of the last eight Grand Slam titles.
India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII president Rajiv Memani said on Thursday.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
Stocks to watch: ACC, Ambuja Cements, India Cements, Shree Cement, Ultra Tech Cement.
From Sensex firms, Eternal dropped the most by 4.10 per cent. Maruti, Mahindra & Mahindra, UltraTech Cement, Power Grid, Nestle, Bajaj Finance, Hindustan Unilever and Asian Paints were also among the laggards. HDFC Bank dropped by 1.26 per cent and index major Reliance Industries by 1.13 per cent. Tata Steel, Infosys and ITC were the gainers.
The cement industry consumed around 25.35 million tonnes of coal last year. Of the last year's offtake, 14.18 mt was through coal linkages from Coal India and Singareni Collieries, which in the past had been over 20 mt.
The India vs England Test series 2025 wasn't just cricket -- it was grit, growth and glory wrapped in whites.
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
Take the rediff business quiz and see how much you know about India's important cement industry.
The fall in cement prices and improving demand together add cream to the cement product sector, who seek status quo on excise duty and service taxes.
The motive behind the murder is yet to be revealed, even though the accused said he killed the woman because she caused a rift in the household.
'I really want to win': Confident Alcaraz targets rare Wimbledon three-peat
Indian billionaire Gautam Adani-led group's Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, sources said. Late on Saturday night, Iran targeted Israel's Haifa port and a nearby oil refinery in response to Tel Avi's attack on Iranian nuclear and other targets earlier this week.
Complying with the Supreme Court's order, the BCCI has given marching orders to all the employees of India Cements or its associate companies that were also part of the Cricket Board.
The era where nations thrived through rigid alignments is giving way to an age where the connective State defines power. For India, that era has arrived, points out Dr Nishakant Ojha.
The billionaire Adani family, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects, is actively seeking additional acquisition opportunities, according to bankers. As part of its $100 billion investment plan by 2030, the Ahmedabad-based group has undertaken several large-scale construction projects, including the Dharavi redevelopment, Ganga Expressway, a mega convention centre in Mumbai and airports.
With no signs of an end to the ongoing crisis in Indian hockey, leading cement manufacturer Shree Cement on Tuesday said it is willing to provide financial support so that players can resume training for the upcoming World Cup to be held in New Delhi next month.
Shubman Gill has not just scored a double hundred; he's rewritten the record books.
The Tamil Nadu govt's recent declaration of nationalising cement companies brought to fore several disturbing facts about the govt and the pernicious cement cartel.
The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers' fraud case linked money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on May 23 under the Prevention of Money Laundering Act (PMLA).
Between them, Alcaraz and Sinner have shared the last six Grand Slam titles and their mesmeric clash last month in the longest-ever French Open final is being touted as one of the greatest of all time.
The output of eight key infrastructure sectors slowed down to 4 per cent in December 2024, as against 5.1 per cent growth registered a year ago, according to official data released on Friday. On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024.
At a meeting with Commerce and Industry Minister Kamal Nath, the cement manufacturers had yesterday agreed for a small roll back in prices. Nath had said though price increase was only two per cent in the last one year, the industry had agreed for a reduction in prices.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
The Competition Commission of India, the body that is supposed to take action against any abuse of market dominance, says it is helpless. FM had accused the domestic cement and steel industry of forming cartels to exploit consumers. He also warned the industry that if they did not mend their ways, the government would not hesitate to take tough measures and break the logjam. CCI was supposed to prohibit anti-competitive agreements, abuse by dominant players and regulate M&As.
According to unconfirmed reports, North India has seen a Rs 3 hike. A Delhi-based dealer said the companies had told him that the price would go up by Rs 5 a bag in a day or two. "The companies raised wholesale prices and we passed on the burden to consumers," said a Mumbai-based dealer who did not want to be named. The present retail price in Mumbai is Rs 274 per bag. Market sources said Chennai had seen a hike of Rs 3.
This is a relatively sharp decline compared to the northern and southern markets in the country where prices have fallen by only Rs 2 - Rs 4 a bag. Kolkata-based dealers said that retail prices are now hovering around Rs 240 a bag due to a 10-15 per cent dip in demand.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances