The company will now focus on value creation for shareholders in the defence and construction businesses.
The Indian indices also offer one of the lowest dividend yields.
Rupa Gurunath, daughter of former Board of Control for Cricket in India chief Narayanswami Srinivasan, was elected unopposed as president of the Tamil Nadu Cricket Association on Thursday. She is the first woman to head a state unit of the Indian cricket board.
Consumption of cement, steel, and bitumen is to get a boost of Rs 42,000 crore (Rs 420 billion), as the National Highways Authority of India has announced to award 7,994 km of highway projects in the current financial year.
Cement major Gujarat Ambuja Cements Ltd on Monday said Holderind Investments Ltd (Holcim Mauritius) has 14.8 per cent stake in the company.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
Prime Minister Narendra Modi on Thursday described India and America as "natural partners" as he held the first in-person meeting with Vice President Kamala Harris at the White House during which they decided to further cement the Indo-US strategic partnership and discussed global issues of common interest, including threats to democracy and the Indo-Pacific.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
Former Board of Control for Cricket in India president Narayanswami Srinivasan is facing fresh trouble after reports emerged that he hired a London-based firm to spy on other Board members, it was reported on Sunday.
The Madras high court on Friday issued a notice to the Board of Control for Cricket in India on a petition by Indian Premier League franchise Chennai Super Kings challenging the order of Justice Lodha Committee suspending it from the IPL over the betting and match-fixing scandal in 2013 involving its top official Gurunath Meiyappan.
Investors willing to pay premium for only software, banking stocks.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Cement-maker to increase capacity to 20 MT with three new units. After acquiring L&T Concrete and capturing over 25 per cent of the market share in ready-mix concrete space in the country, the cement major is set to establish a pan-India presence. The company has plans to set up at least three greenfield units with a capacity of 2.5 MT each. According to sources, the company has zeroed in on Rajasthan, Karnataka and Meghalaya for the facilities.
Bilateral trade between India and Japan stood at $16.31 billion by the end of fiscal 2013-14.
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Ashok Leyland, ITD Cementation India have more than doubled.
Chartered accountancy firm Lodha & Co has resigned as statutory auditor for Grasim Industries Ltd, a Aditya Birla group company, and city-based G P Kapadia & Co has been appointed as sole statutory auditors for the firm.
FII investments, movement of rupee against dollar and crude oil to influence trading
Falling incomes and longer winter to translate into lower demand for at least some months.
HeidelbergCement has decided to move the Securities Appellate Tribunal challenging the directive of the Securities and Exchange Board of India.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
This Durga Puja, the world's largest Durga idol will be installed at Deshapriya Park in south Kolkata.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Larsen & Toubro, a cement and engineering conglomerate, said on Monday it had received a $103 million order from a unit of French building materials giant Lafarge to construct a cement plant in northern Bangladesh.
Mumbai teen Siddharth Pillai has designed and patented a technology that prevents coral bleaching and will save hundreds of marine species from extinction.
Major gainers include L&T, Asian Paints, Vedanta, Tata Steel, Coal India, Infosys, M&M, Adani Ports, Maruti Suzuki, Axis Bank, HDFC, Power Grid, ONGC, Tata Motors, Sun Pharma, ITC, IndusInd Bank, HDFC Bank and SBI
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
The sample, however, is still small as it includes only six of the 30 Sensex companies - Infosys, Reliance Industries, HDFC Bank, TCS, ITC and Bajaj Auto - that have declared results so far.
Sectors that will drive profit growth include refineries, private banks, capital goods, cement, fast moving consumer goods, metals and oil & gas. Sectors with disappointing growth are public sector banks, construction, media, pharmaceuticals, steel, textiles, telecom and tyres.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From $10 billion deployed in Indian start-ups in 2017, $6 billion went to unicorns
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
