Acc Limited News
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.
Prime Minister Narendra Modi will attend News18 Rising India Summit 2019 as a keynote speaker.
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.
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
Meanwhile, the BSE's Sensex has regained its crucial 16,900 mark, supported by most of the index heavyweights along with broader indices
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 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.
At a time when realty and infra are in doldrums, a robust performance by cement stock is surprising to many.