Essar has entered into an agreement with Maple Leaf, a cement major there, for its supply and has already delivered 15,000 tonnes of petcoke.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Banking services, insurance premium and investment management are likely to cost more.
The key sectors -- crude, petroleum refinery products, coal, electricity, cement and finished steel -- also showed marked improvement in March when compared to the 4.7 per cent in February.
Now with 13-14 million-tonne capacity, Nirma will emerge as a serious player in India's cement landscape.
Driven by coal and petroleum refinery, eight core sector industries registered eight-month high growth of 6.5 per cent in October, a trend that is in contrast to fall in country's overall economic growth in July-September period.
India's key infrastructure industries posted a handsome growth of seven per cent in July on the back of a surge in electricity generation, and cement and coal production.
He again assured farmers that the existing government support system for them will continue.
With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
'I'm a guy who tries to find humour in every situation, no matter how difficult and serious, without offending anyone.'
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Dual methodology for e-auction to introduce price ceiling for power sector
Spending continues to be less as people who are getting direct benefits from the government are choosing to save in the current situation.
According to a study, humans have generated 8.3 billion metric tonnes of plastics, turning earth into a 'plastic planet'.
'It was only after D-Day that people believed that I had actually directed Kal Ho Naa Ho.'
'They can shift to dynamic asset allocation funds to automatically rebalance their equity exposure.'
Launching the auction of mines for commercial mining, that is expected to garner Rs 33,000 crore of capital investment in the country over next five to seven years, Modi said it not only marks the beginning of unlocking of the country's coal sector from the "lockdown of decades", but aims at making India the largest exporter of coal.
ACC, the country's largest cement maker that had temporarily idled a plant in Himachal Pradesh this month, said it has kept all options open on similar shutdowns at its other locations in case there is no satisfactory demand for its products.
The growth in eight infrastructure industries slowed to 2.3 per cent in May mainly due to contraction in crude oil, natural gas, coal and fertilizer output.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
CRISIL predicts no more than 6.5 per cent yearly from now till FY19, and only with a stable and decisive government; predicts problems in job generation, poverty and demand.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Contraction in crude oil, natural gas, coal and electricity output led to the fall.
The six core sectors - crude oil, petroleum refinery products, coal, electricity, cement and finished steel - had expanded by 4.2 per cent in February 2010.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The six core sectors -- crude oil, petroleum refinery products, coal, electricity, cement and finished steel -- had expanded by 9.8 per cent in January, 2010.
The six core infrastructure industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel --had registered a growth rate of 5.1 per cent in November 2007.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
Park only savings that need not be touched for many years, says Devangshu Datta.
During April-September, the eight sectors grew by 4 per cent, against 5 per cent in the year-ago period.
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
Wholesale Price Index-based inflation declined to 6.62 per cent in January, however, retail inflation remained in double digits at 10.79 per cent during the month.
The succession of B K Birla group companies is not yet complete as a decision on who will inherit Mangalam Cement and ECE Industries is yet pending.
The core industries, which also include coal, natural gas, refinery products and crude oil, having a weight of about 38 per cent in the Index of Industrial Production, grew at 3.7 per cent January this year.
The growth of eight infrastructure industries slowed down to 3.1 per cent in July, against 4.5 per cent in the same month last year, mainly due to contraction in crude oil and natural gas production.
The Reserve Bank of India is expected to hold interest rate at 8 per cent in its fifth bi-monthly monetary policy review on Tuesday.
The growth in May 2015 was driven by healthy output.
