After some enforced slowdown in offtake during April-May 2024 due to elections, the cement sector is looking at a possible demand rebound which may help it to push up prices. The April'24 offtake was muted while May'24 saw some improvement with a likely 5-6 per cent rise in demand month-on-month (MoM). In June, some price hikes seem to have been taken, which suggests more sustained improvement in demand.
A 25 per cent year-on-year (Y-o-Y) increase in budget allocation towards the roads sector for FY24 has led to renewed interest among investors. However, a combination of escalating costs for Bharatmala and unseasonal rains to some extent have impacted progress. Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the finance ministry has asked MoRTH to go slow until Cabinet approval is received.
Uttarakhand saw the sharpest decline (of 11 per cent) in the "total persons engaged" in manufacturing in the worst-hit pandemic year of 2020-21 as industrial units shut shop, according to the latest Annual Survey of Industries (ASI) data, released by the Ministry of Statistics and Programme Implementation (MoSPI). This was followed by the decline in the workforce in states such as Jharkhand (8.9 per cent), West Bengal (8.3 per cent), Kerala (8 per cent), and Karnataka (7.8 per cent). The "total persons engaged" in an enterprise is defined as the sum of directly employed workers, supervisory or managerial workers, and the unpaid family members who might be engaged in the enterprise.
Online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. The minister said that as of now, all permissible online gaming will need to be registered with a self-regulatory organisation that will be accountable to the online gaming rules.
Defence Minister Rajnath Singh, Maharashtra Chief Minister Eknath Shinde, Bahujan Samaj Party supremo Mayawati, and Shiv Sena-Uddhav Balasaheb Thackeray were among the famous faces who queued up at the polling booths on Monday to caste their votes in the fifth phase of the Lok Sabha elections.
Neither the BJP, nor the Congress before it, made any manifesto commitments on defence spending, even though allocations have plummeted from 4 per cent of gross domestic product (GDP) in the late 1980s to less than 2 per cent today, points out Ajai Shukla.
Indian wicketkeeper-batter Dinesh Karthik will work with England Lions' as batting consultant for a brief period of nine days when the side will tour India.
For India to view the new Sri Lankan leadership only through the prism of the past or through their narrow view on China, is fraught with possibilities that should be avoided, asserts N Sathiya Moorthy.
Olympic champion Mo Farah won his second gold medal at the World Athletics Championships when he triumphed in the 5000 metres in Moscow, on Friday.
US-based coffee giant Starbucks on Thursday said it is moving forward with the memorandum of understanding (MoU) signed with Tata Coffee and hopes to make an announcement soon even as the government has notified 100 per cent FDI in single brand retail.
A few things NaMo could do to make his England yatra unforgettable.
What some of our leaders were up to on Thursday, October 5, 2023.
In one of the worst natural disasters in Kerala, at least 123 persons were killed and 128 injured in massive landslides triggered by torrential rains in Wayanad on Tuesday. With hundreds trapped under the debris, sparking fears of mounting fatalities, rescue agencies were racing against time to pull out any survivors.
This weekend, two Boeing F/A-18 Super Hornet fighters will land in Bengaluru for flight trials by the Indian Air Force, an eight-month-long selection process, involving six different aircrafts, to zero in on a multi-role medium fighter for the IAF.
Bharatiya Janata Party president J P Nadda on Thursday launched the party's campaign theme song for the upcoming Lok Sabha elections in the presence of Prime Minister Narendra Modi.
As many as 37 ministers have been dropped from the government in Prime Minister Narendra Modi's third term and these include seven with cabinet rank -- prominent among them being Smriti Irani, Anurag Thakur and Narayan Rane.
Alberto Salazar, the coach of Britain's Olympic champion Mo Farah, has been accused of using prohibited infusions of supplements to improve the performance of his runners, the Sunday Times reported citing a leaked United States Anti-Doping Agency (USADA) report.
India and Mauritius on Tuesday signed three memorandums of understanding during the three-day State visit of President Pranab Mukherjee. One MoU was on persons with disabilities and senior citizens, another on cooperation in the field of health and medicine, and the third was on cooperation in the field of tourism.
A film with a one-line plot, needed a lot more pizzazz, whistle-worthy dialogue, and a large-than-life, invincible protagonist. Karki makes a Rajinikanth kind of actioner (Bhaiyya Ji fights with a bidi in his mouth) but with a realistic soul, and falls between two boats.
Sitharaman criticised the news report for raising issues 'selectively' and ignoring the then defence minister Manohar Parrikar's reply.
Contrary to reports, the defence ministry has not opened any other deal for investigation besides the AgustaWestland chopper contract, defence sources said on Friday.
Joseph was one of our top three targets, says RCB Director of Cricket Mo Bobat
The Indian captain signed an MoU with Videocon International Limited for establishing a world class cricket academy in Kolkata.
Kuwaiti authorities are conducting DNA tests on the bodies of those killed in the devastating fire incident in southern Kuwait's Mangaf area and an Indian Air Force aircraft is on standby to bring back the mortal remains of Indians killed in the incident, officials said on Thursday.
In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli town of Krishnagiri district, Tamil Nadu. Many excavators and workers were busy at the construction site to build the Ola Futurefactory for electric vehicles.
The group said Dassault choose Reliance Defence Ltd to meet its 'offset' or export obligation in the contract and the Ministry of Defence has no role in the selection of Indian partners by the foreign vendors.
rediffGURU Krishna Kumar, founder and CEO of GoMoTech, offers expert advice on how to scale up in your career and life.
DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
If Putin can have a calendar, why can't our dear Pradhan Sevak have one too?
Modi lookalike Vikas Mahante celebrates the original's win.
Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016. The Supreme Court on Monday upheld the decision of the government on demonetisation. On November 8, 2016 Prime Minister Narendra Modi had announced demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to promote digital payments and curb black money flows.
Close to six months since the launch of Tata Neu, the super application (app) from Tata Sons Group is all set for a revamp. The highlights include a reimagined rewards programme or NeuPass, a more seamless user experience by increasing the digital maturity of brands, adding more brands to the platform, and hiring category leaders to drive the next phase of growth. When it comes to brands, Titan will join Tata Neu by Diwali. Tata Motors and Air India will be on board after the Festival of Lights.
Prime Minister Narendra Modi on Friday identified agriculture, education and health as three sectors where he believes technology can play a big role, and highlighted efforts of his government.
The Vedanta Group, which was issued a show cause notice for allegedly flouting environment laws, will appear before the Union Ministry of Environment and Forest (MoEF) on Thursday
The MLAs inducted into the Rajasthan cabinet are Meena, Madan Dilawar, Rathore, Gajendra Singh Khimsar, Babulal Kharadi, Jogaram Patel, Suresh Singh Rawat, Avinash Gehlot, Joraram Kumawat, Hemant Meena, Kanhaiya Lal Choudhary and Sumit Godara.
InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances.
The Power Grid Corporation of India and the State Grid Corporation of China have signed a three-year memorandum of understanding to share experiences in transmission and telecommunications.
At Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016.
In its response, the Ministry of Defence issued a statement saying tableaux proposals from states and Union territories and central ministries or departments are evaluated by an 'expert committee' comprising eminent persons in the fields of art, culture, painting, sculpture, music, architecture and choreography among others.
