India has emerged as the second largest manufacturer of cement in the world, according to a latest report released by the Ministry of Commerce and Industry.
Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.
Pakistan on Wednesday offered to export cement to India, a move that may help lower the commodity's market price by at least Rs 20 per bag of 50 kg
Audiences will hope that Rajinikanth's Coolie, Lokesh Kanagaraj's action film and Rajkumar Hirani's Dadasaheb Phalke biopic are not marred by Aamir Khan's disconcerting, repetitive performances. Aamir's real strength lies in championing stories that challenge conventions and are considered risky by mainstream filmmakers.
Novak Djokovic's steady progress in the last few seasons is a testament to his mental strength and physical conditioning.
The spotlight in the World Test Championship Final is on the electrifying duel between Australia's batting mainstay Steve Smith and South Africa's pace spearhead Kagiso Rabada.
The ruling Bharatiya Janata Party received over Rs 785 crore in contributions from individuals, electoral trusts and corporates in 2019-20, which is over five times more than what the Congress received during the same period.
The cement index, consisting of the top five cement companies has appreciated by almost 16 per cent.
Analysts expect Nifty to rise up by to 6 per cent in six months, with intermittent corrections likely due to global factors.
10 companies and industry body penalised for cartelisation, likely to take legal recourse.
Palzor Tamang becomes only the second Sikkimese cricketer to secure an overseas club deal after Nilesh Lamichaney
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
From the Sensex firms, Reliance Industries, Tech Mahindra, Eternal, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers. In contrast, UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were among the laggards.
JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
From the Sensex firms, Mahindra & Mahindra, HCL Tech, Tata Motors, Nestle, ITC, Hindustan Unilever, Larsen & Toubro, and Tech Mahindra were the biggest gainers. In contrast, Eternal, UltraTech Cement, Power Grid, Tata Steel and Kotak Mahindra Bank were among the laggards. Eternal dropped 4.51 per cent.
Adani Group on Tuesday committed to investing Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium and city gas expansion in Odisha. According to a statement by the group, the investment commitment was made during Utkarsh Odisha 2025 - the state's investor meeting.
According to sources, the company will invest $350-400 million in the proposed plant. This will be the first foray by an Indian company for manufacturing cement in West Asia which was so far viewed as an export market.
India and the UK on Tuesday sealed an ambitious free trade deal along with a double contribution convention with Prime Minister Narendra Modi saying that the landmark pacts will catalyse trade, investment, growth and job creation in both the economies. Modi made the announcement on the agreements after a phone conversation with his British counterpart Keir Starmer.
A Parliamentary committee has asked the Ministry of Small Scale Industries to work closely with Uttar Pradesh Finance Corporation for reviving mini cement plants in the state.
'When we were able to visit his home, they just sort of ran up. They were hugging him.' 'He was just incredibly kind and generous to them.'
With a dominant 24 runs victory over Mumbai Indians propelling second-placed KKR to 14 points and a step closer to qualification for the play-offs, the pressure is on KL Rahul's LSG to find a way past the threat that Shreyas Iyer's side poses.
In yet another instance of proactive economic diplomacy with Bhutan, a consortium of Indian banks led by the country's biggest lender SBI has come forward to take the lead role to finance efforts of industrialisation in the mountain kingdom.
As India and China marked the 60th anniversary of establishment of diplomatic ties, Beijing on Thursday said the two sides have put "great emphasis" on developing a comprehensive strategic partnership and hoped to cement it further during External Affairs Minister S M Krishna's visit next week.
IMAGES from the soccer matches played across leagues on Friday
La Liga leaders Real Madrid cruised to a 4-0 home win over relegation-threatened Celta Vigo on Sunday to restore their seven-point lead at the top of the table with a dominant display.
The Indian government has asked the cement industry to concentrate on modernisation and upgradation of technology, optimisation of operations and increased application of automation and information technology.
Cement is set to be dearer across the country by Rs 8-9 per 50 kg bag from March 1, with the rise in excise duty, industry sources said.
The Directorate General of Foreign Trade on Monday notified Duty Entitlement Pass Book Scheme (refund of local taxes) on cement exports. The commerce ministry had lifted the 46-day old ban on cement exports on May 27. However, it had allowed shipments only through ports in Gujarat. The state accounts for 95 per cent of the total cement exports.
'When I reached home around 6 am on Monday after night duty, I couldn't find my wife in the room. When I went to the terrace, I saw my wife standing with Naveen, a resident of my village'
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
Hike in excise duty on cement products is negative, but can be overwhelmed by improved demand from greater thrust on infrastructure and rural sector.
Mahendra Singh Dhoni will play the 400th T20 match of his career during CSK's IPL 2025 clash against Sunrisers Hyderabad in Chennai on Friday.
Foreign brokerages remain cautious on the road ahead for the Indian equity markets. Though analysts at Nomura have revised their March 2026 Nifty target to 26,140 levels from the earlier 24,970, but the upside from the current levels is a modest 6 per cent. BofA Securities, on the other hand, has not made any change to its year-end Nifty target.
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