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Zee Exclusive: GST Council likely to slash tax on Auto and Cement
Mon, Jun 10, 2019
GST Council is likely to slash tax on Auto and Cement. To know more watch the video
Cement price hike alert! Set to get costlier - Which stocks should you buy?
Mon, Feb 04, 2019
It is very important for investors to know which cement stocks they should buy or sell in the midst of price hike, as such does impact the earnings of a company.
Infrastructure growth slows down to 4.8pc in Oct; fertiliser, crude oil decline
Sat, Dec 01, 2018
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.
Eight core sectors grow 6.8% in November: Commerce Ministry
Mon, Jan 01, 2018
The data said the eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Eight core industries IIP rises 2.4% in July
Thu, Aug 31, 2017
The IIP output of the eight core industries grew by 2.4% in July led by steel which posted the maxium growth of 9.2% during the month.
Eight core industries in IIP saw a 5% growth in March
Mon, May 01, 2017
The eight core industries comprise nearly 38% of the weight of items included in the IIP.
Hoping for a good appraisal? Three reasons why your salary this year won't increase by much
Thu, Feb 23, 2017
Chances are that the employees in India's pay hike is likely to be sub-10% across industries in 2017.
Appraisals this year likely to average at 9.5%, Survey finds
Wed, Feb 22, 2017
Aon Hewitt latest 'Salary Increase Survey' has projected a drop in pay increases to an average of 9.5% across industries in India.
Ambuja Cement's standalone Q4 net profit up 60%
Tue, Feb 21, 2017
"Our rapid adoption of cashless payment methods in December 2016 quarter helped Ambuja to deliver a strong performance in 2016," Ajay Kapur, Chief Executive Officer of Ambuja Cement was quoted as saying in a statement.
Ambuja Cement Q4 result today; Here's what to expect
Mon, Feb 20, 2017
Murtuza Arsiwalla and Abhishek Poddar of Kotak Institutional Equities in their report stated that Pan-India players (which also includes Ambuja Cement) are expected to report weaker prices, higher costs and lower volumes due to demonetisation which will result in sequential decline in their earnings.
Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings
Thu, Feb 09, 2017
India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.
CCI's penalty on cement companies to impact their profits
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
India Cement's Q2 net profit rises by 62% to Rs 62 crore
Sat, Nov 19, 2016
Cement manufacturer - India Cements reported net profit of Rs 62.41 crore for the second quarter September 30, 2016, registering growth of 62.10% year-on-year (yoy) and 41.90% quarter-on-quarter (qoq).
LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump
Wed, Nov 16, 2016
On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.
Ultratech Cement net profit rises by 25% to Rs 614.30 crore
Mon, Oct 17, 2016
Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).
ACC shares up 3% as cement grinding unit gets stabilised
Mon, Oct 10, 2016
It said, “Following the completion and commencement of commercial production of the new clinkering line at Jamul in Chattisgarh in July 2016, operations of the new cement grinding unit in Jamul which went into commercial production from September 14, 2016, have also been successfully stabilized.”
Orient Cement to acquire JP's Bhilai plant
Thu, Oct 06, 2016
Orient Cement has agreed to buy Bhilai Jaypee Cement Ltd (BJCL) from Jaiprakash Associates Ltd (JAL), the company said after its board meeting on Thursday.
Products across 6 manufacturing sectors face inverted customs duty: Ficci
Tue, Aug 30, 2016
Products across six manufacturing sectors such as capital goods, cement, electronics and electricals, among others face inverted customs duty structure that erodes their competitiveness against lower-duty finished product imports and discourages domestic value addition, said Ficci in its latest r
Birla Corp shares fall 3% after Reliance Cement acquisition
Tue, Aug 23, 2016
"Birla Corp's expansion potential will also be significantly enhanced by valuable mineral concessions in several states, in addition to Madhya Pradesh," the company said in a statement about the deal.
ACC becomes Ambuja's subsidiary; what's on the road ahead?
Sat, Aug 13, 2016
Kotak Securities stated that with the deal between majority owners of both the companies, minority shareholders will get to be a shareholder of ACC which is believed to be a less efficient company by market analysts and shareholders.