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Book review | In his memoir The Ambuja Story, entrepreneur Narotam Sekhsaria throws light on origin story of the company
Arts & Culture

Book review | In his memoir The Ambuja Story, entrepreneur Narotam Sekhsaria throws light on origin story of the company

Young entrepreneurs, who are not acquainted with the economic landscape in India before liberalisation in 1991, will find The Ambuja Story quite educational.

Here’s a glimpse of the News18 Rising India Summit 2019
India

Here’s a glimpse of the News18 Rising India Summit 2019

Prime Minister Narendra Modi will attend News18 Rising India Summit 2019 as a keynote speaker.

CCI order may impact small cement players: Fitch
Business

CCI order may impact small cement players: Fitch

Last week, the Competition Commission of India (CCI) imposed penalty of Rs 6,307-crore on 11 cement companies.

CCI slaps Rs 6,300 cr fine on cement cos over cartelisation
Business

CCI slaps Rs 6,300 cr fine on cement cos over cartelisation

The penalty on 11 companies would amount to Rs 6,300 crore, CNBC TV18 reported. Ambuja Cement, UltraTech, and India Cement are some of the companies penalised.

Cartelisation: CCI delays order on cement cos by a day
Economy

Cartelisation: CCI delays order on cement cos by a day

CCI is redrafting certain portions of the final order which seeks to impose a penalty on eleven cement companies for inflating cement prices by forming a cartel

Rupee inches near 56; Nifty holds 5100 and cement stocks plunge
Investing

Rupee inches near 56; Nifty holds 5100 and cement stocks plunge

Meanwhile, the BSE's Sensex has regained its crucial 16,900 mark, supported by most of the index heavyweights along with broader indices

Stake sale buzz: JP Associates looking to ease debt burden
Investing

Stake sale buzz: JP Associates looking to ease debt burden

The Aditya Birla Group (Ultratech) and France's Lafarge are in talks to buy out JP Associates' cement plants in Gujarat and Andhra Pradesh.

ACC's sales volume up, but profit down 57% on one-time charge
Economy

ACC's sales volume up, but profit down 57% on one-time charge

ACC Ltd, India's No 2 cement maker, reported a 57 percent fall in quarterly profit after a one-time charge, with higher costs of fuel and transportation also squeezing margins even as sales volumes rose.

IT bleeds, cement & aviation rally. Here's why
Investing

IT bleeds, cement & aviation rally. Here's why

The US bank said it saw a potential for 20-40 percent rise in the share prices of the Ambuja Cements, ACC and UltraTech Cement on the back of rising profits.

Chart: Why cement stocks have hit a lifetime high
Investing

Chart: Why cement stocks have hit a lifetime high

Despite slowdown in the housing sector, rural market continues to see good growth which has resulted in a sharp jump in sales of cement by most of the cos.

Shree Cement profit can jump 253%. Here's why & how of it
Investing

Shree Cement profit can jump 253%. Here's why & how of it

At a time when realty and infra are in doldrums, a robust performance by cement stock is surprising to many.