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The Indian cement industry is on track to reach 5.09 billion tonnes by 2028-29, driven by robust government investment in infrastructure. According to an IANS report originally attributed to Infomerics Ratings, this marks a compound annual growth rate (CAGR) of 4.9 per cent between 2024 and 2029. In 2022-23, the industry’s market size stood at 3.82 billion tonnes, with a total installed capacity of 622 million tonnes per annum (MTPA) in FY24 and production at 427 million tonnes. Notably, India contributes over 8 per cent to the world’s total installed cement capacity, highlighting its importance in the global market. Despite this, India’s per capita cement consumption is 260 kg—significantly below the global average of 540 kg—indicating substantial room for growth. Globally, the cement market is projected to grow at a CAGR of 4.3 per cent from 2024 to 2032. The sector’s expansion is fuelled by ambitious government initiatives, including an allocation of ₹11.11 lakh crore for infrastructure in FY25 and housing schemes like Pradhan Mantri Awas Yojana. The construction sector consumes 55 per cent of cement production, while public infrastructure projects account for the remainder. The industry also plays a critical role in employment, providing direct jobs to over one million people and creating downstream opportunities for about 20,000 individuals per million tonnes of cement produced. Private players dominate the sector, controlling 98 per cent of production capacity, while public sector units hold a mere 2 per cent. Domestic production meets almost all demand, with imports accounting for just 0.2 per cent of total production in FY23. However, exports have declined recently due to reduced global demand and rising competition. India currently has 341 cement manufacturing facilities, including 159 integrated large cement plants, 120 grinding units, and 62 mini cement plants. Cement production has seen steady growth, with a 7.1 per cent increase in September 2024 and a cumulative growth of 1.6 per cent between April and September of FY25, according to the Ministry of Commerce and Industry. This growth aligns with India’s overall industrial performance, which saw a 2 per cent rise in core industries in September, led by cement, steel, coal, and fertilisers. As India invests heavily in infrastructure and housing, the cement industry is set to play a pivotal role in supporting the nation’s economic and developmental goals. (with IANS inputs)

India's cement industry expected to grow to 5.09 billion tonnes by 2028-29 amid infrastructure push: Report

Capital markets regulator <keyword id="19901201" type="General" weightage="100" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="261" meta.entityid="Sebi">SEBI</keyword> has put on hold the proposed Rs 4,000-crore initial <keyword id="21443197" type="General" weightage="20" keywordseo="public-offering" source="keywords">public offering</keyword> (<keyword id="19898327" type="General" weightage="20" keywordseo="IPO" source="keywords">IPO</keyword>) of <keyword id="21741786" type="General" weightage="20" keywordseo="JSW-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="JSW Cement" meta.hostid="261" meta.entityid="JSW Cement">JSW Cement</keyword>. Without specifying reasons, SEBI stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website on Monday. JSW Cement, part of the diversified <keyword id="20099967" type="General" weightage="20" keywordseo="jsw-group" source="keywords">JSW Group</keyword>, filed the preliminary IPO papers with SEBI on August 16. The proposed issue involves a new issue of <keyword id="20035340" type="General" weightage="20" keywordseo="equity-shares" source="keywords">equity shares</keyword> worth Rs 2,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore by <keyword id="23013062" type="General" weightage="20" keywordseo="investor-shareholders" source="keywords">investor shareholders</keyword>, according to the draft red herring prospectus (DRHP) filed with the regulator. Under the OFS, AP Asia Opportunistic Holdings Pte. Ltd and Synergy Metals Investments Holding Ltd will offload shares worth Rs 937.5 crore each and <keyword id="19934368" type="General" weightage="20" keywordseo="State-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="State Bank of India" meta.hostid="261" meta.entityid="State Bank of India">State Bank of India</keyword> (SBI) will divest shares valued at Rs 125 crore. Proceeds from the fresh issue to the tune of Rs 800 crore will be used for partially financing the establishment of a new integrated <keyword id="23013063" type="General" weightage="20" keywordseo="cement-unit" source="keywords">cement unit</keyword> in Nagaur, Rajasthan, while Rs 720 crore will be allocated for payment of debt and the remaining funds will be allocated for general corporate purposes. JSW Cement, which has a manufacturing capacity of 19 MT annually, aims to achieve the capacity of 60 MTPA. It currently has manufacturing units at Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra. Besides, JSW Cement through its subsidiary Shiva Cement operates a clinker unit in Odisha. JSW Group has business interests in sectors such as steel, energy, maritime infrastructure, defence, B2B e-commerce, realty, paints, sports and venture capital. JM Financial Ltd, Axis Capital Ltd, Citigroup Global Markets India Private Ltd, DAM Capital Advisors Ltd, Goldman Sachs (India) Securities Private Ltd, Jefferies India Private Ltd, Kotak Mahindra Capital Company Ltd and SBI Capital Markets Ltd are responsible for managing the company's IPO process.

SEBI places JSW Cement's Rs 4,000-cr IPO on hold for now

<ul><li><keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani Group</keyword> will acquire <keyword id="21434388" type="General" weightage="20" keywordseo="Orient-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="Orient Cement" meta.hostid="261" meta.entityid="Orient Cement">Orient Cement</keyword> at a valuation of ₹8,100 crore.</li><li><keyword id="20057393" type="General" weightage="20" keywordseo="Ambuja-Cements" source="keywords" meta.keywordsubtype="org" meta.entityname="Ambuja Cements" meta.hostid="261" meta.entityid="Ambuja Cements">Ambuja Cements</keyword> has signed a binding agreement for the acquisition of the company.</li><li>The latest acquisition will add 16.6 MTPA capacity to Adani Cement.</li></ul>Gautam Adani-led Adani Group on Tuesday said it will acquire <keyword id="21501327" type="General" weightage="20" keywordseo="CK-Birla-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="CK Birla Group" meta.hostid="261" meta.entityid="CK Birla Group">CK Birla group</keyword> firm Orient Cement at a valuation of ₹8,100 crore as part of its expansion drive. Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of ₹8,100 crore. As per that, its step-down unit "Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders", according to a joint statement. The acquisition will be fully funded through internal accruals, it added. The latest acquisition will add 16.6 MTPA (million tonnes per annum) capacity to Adani Cement, which operates through Ambuja Cements in the sector. In June this year, Adani announced the acquisition of Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore, which added 14 MTPA capacity to the country's second-largest manufacturer. "This timed acquisition marks another significant step forward in Ambuja Cements' accelerated growth journey, increasing <keyword id="21171283" type="General" weightage="20" keywordseo="cement-capacity" source="keywords">cement capacity</keyword> by ~30 MTPA within two years of Ambuja's acquisition," said Karan Adani, Director of Ambuja Cements. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25, he said, adding, "The acquisition will help to expand Adani Cement's presence in core markets and improve its pan-India market share by 2 per cent." OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with the statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. With inputs from PTI. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/upi-refund-scam-to-digital-arrest-scam-here-are-most-common-online-scams-in-india/articleshow/114428011.cms">UPI refund to digital arrest scam, here are some online scams you need to be aware of</a> <a href="https://www.businessinsider.in/stock-market/news/waaree-energies-to-afcons-infrastructure-ipos-to-look-out-for-this-week/articleshow/114421377.cms">Waaree Energies to Afcons Infrastructure, IPOs to look out for this week</a> <a href="https://www.businessinsider.in/personal-finance/news/best-credit-cards-for-online-shopping-in-india/articleshow/114354358.cms">Best credit cards for online shopping this festive season</a>

Adani Group to acquire CK Birla group firm Orient Cement at ₹8,100 crore valuation

Shares of <keyword id="20415123" type="General" weightage="20" keywordseo="India-Cements" source="keywords" meta.keywordsubtype="org" meta.entityname="India Cements" meta.hostid="261" meta.entityid="India Cements">India Cements</keyword> Ltd jumped nearly 14 per cent on Thursday morning after leading <keyword id="6378916" type="General" weightage="20" keywordseo="cement" source="Orion">cement</keyword> maker <keyword id="19963567" type="General" weightage="100" keywordseo="UltraTech-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="UltraTech Cement" meta.hostid="261" meta.entityid="UltraTech Cement">UltraTech Cement</keyword> said it will acquire around 23 per cent stake in the Chennai-based firm for up to Rs 1,885 crore. The stock soared 13.70 per cent to hit 52-week high of Rs 299 on the BSE. On the NSE, the stock climbed 13.77 per cent to Rs 298.80 -- its 52-week high. Shares of UltraTech Cement also jumped 6.51 per cent to hit the one-year peak of Rs 11,875.95 on the BSE. The board of directors of the company at its meeting held on Thursday approved "making a financial investment to purchase up to 7.06 crore equity shares of the India Cements Ltd," a regulatory filing by UltraTech Cement said. The deal would be at "at a price of up to Rs 267 per share," and this non-controlling financial investment constitutes around 23 per cent of the equity share capital of India Cements, the filing said. India Cements' turnover for financial year 2023-24 stood at Rs 5,112 crore. UltraTech Cement has a consolidated capacity of 152.7 Million Tonnes Per Annum (MTPA) of grey cement. It has 24 integrated manufacturing units, 33 grinding units, one clinkerisation unit and 8 bulk packaging terminals.

India Cements' shares jump nearly 14%, UltraTech Cement soars 6.50% following acquisition news

<ul class="summary-list"><li>United Airlines announced 13 new routes across Asia, Europe, Africa, and Latin America.</li><li>The expansion includes unique destinations like Nuuk, Greenland, and Ulaanbaatar, Mongolia.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/united-airlines-to-offer-free-wifi-spacex-starlink-elon-musk-2024-9">United Airlines</a> is making bold route decisions as it continues to expand its giant international presence.The Chicago-based carrier on Thursday announced 13 new routes across Asia, Europe, Africa, and Latin America starting in the summer of 2025.Eight are to niche destinations new to United, including Nuuk, Greenland; Dakar, Senegal; and Ulaanbaatar, Mongolia. The expansion will further cement United's place as the US' largest international carrier across the Atlantic and Pacific.Mongolia adds to United's growing list of <a target="_blank" class="" href="https://www.businessinsider.com/international-travel-made-possible-by-the-freedoms-of-the-air-2024-4">"fifth-freedom" routes</a> from of Tokyo's Narita International Airport. Other new fifth-freedom routes include Kaohsiung, Taiwan, and the western Pacific country of Palau from Tokyo. The <a target="_blank" class="" href="https://www.businessinsider.com/united-new-nonstop-international-routes-colombia-morocco-philippines-fifth-freedom-2024-3">airline previously announced Cebu, Philippines</a> from the Japanese capital, to launch later in October. The so-called fifth freedom of the sky allows airlines to fly between two countries outside their own, so long as their home nation is the start or end point. They stem from a UN body's 1944 "<a target="_blank" class="" href="https://www.businessinsider.com/flying-on-fifth-freedom-routing-from-new-york-to-singapore-2023-1">Freedoms of the Air</a>" agreement.For example, UAE-based Emirates stops in Milan between New York and Dubai, while <a target="_blank" class="" href="https://www.businessinsider.com/flying-on-fifth-freedom-routing-from-new-york-to-singapore-2023-1">Singapore Airlines stops in Frankfurt</a>, Germany, between New York and Singapore.Patrick Quayle, <a target="_blank" class="" href="https://www.businessinsider.com/why-united-isnt-buying-boeing-new-777x-widebody-plane-2024-8">United Airlines</a>' SVP of global network planning and alliances, told reporters that the Tokyo routes could use crews based at United's Guam hub, helping the airline gain an edge in Asia.The airline's <a target="_blank" class="" href="https://www.businessinsider.com/see-cities-united-plans-to-fly-new-airbus-a321xlr-2024-8">Europe expansion</a> goes beyond Greenland. It will also begin new flights to off-the-beaten-path destinations in Portugal, Italy, France, and Spain, from its hubs at Newark Liberty International Airport in New Jersey and Washington Dulles International Airport.Quayle said these far-flung cities will attract new customers and help United differentiate itself from competitors. They add to a <a target="_blank" class="" href="https://www.businessinsider.com/united-reveals-5-new-international-destinations-3-new-routes-2021-10">growing list of unique places for United, </a>which has flown nonstop to cities like Dubrovnik, Croatia; Tenerife, Spain; and Ponta Delgada, Portugal, for years.Here's the full list of United's 11 new overseas routes, and two additional to Mexico and Costa Rica: <ul><li>Ulaanbaatar, Mongolia to Tokyo: Seasonal beginning May 1, 2025</li><li>Kaohsiung, Taiwan to Tokyo: Year-round beginning July 11, 2025</li><li>Koror, Palau to Tokyo: Year-round beginning April 2, 2025.</li><li>Nuuk, Greenland to Newark: Seasonal beginning June 14, 2025.</li><li>Palermo, Italy to Newark: Seasonal beginning May 21, 2025.</li><li>Bilbao, Spain to Newark: Seasonal beginning May 31, 2025.</li><li>Faro, Portugal to Newark: Seasonal beginning May 16, 2025.</li><li>Madeira, Portugal to Newark: Seasonal beginning June 7, 2025.</li><li>Dakar, Senegal to Dulles: Year-round beginning May 23, 2025.</li><li>Nice, France to Dulles: Seasonal beginning May 24, 2025.</li><li>Venice to Dulles: Seasonal beginning May 22, 2025.</li><li>San Francisco to San Jose: Daily beginning May 22, 2025.</li><li>Puerto Escondido, Mexico to Houston: Year-round beginning April 5, 2025. (Operated by United regional partner Mesa Airlines).</li></ul>

United announced 13 new international routes and 3 'fifth freedoms' flights to far-flung destinations

The entire country celebrating Raksha Bandhan today. But are you one of those elder siblings still mulling and stuck over the perfect gift to give your younger ones? Well, then it is time for you to move beyond your traditional gift ideas like sweets, gadgets, clothes, and jewelry, and invest in their future prosperity. How? By gifting them <keyword id="19905382" type="General" weightage="20" keywordseo="stocks" source="keywords">stocks</keyword>, or even mutual fund units. Here's a deep dive into how you can lay the foundations of a lasting bond with your siblings, and cement their financial future, one stock and one mutual fund unit at a time. <h2>How can I gift shares ?</h2>You can swiftly transfer shares online, provided both you and your siblings have a <keyword id="19977340" type="General" weightage="20" keywordseo="demat" source="keywords">demat</keyword> account. Many brokerage firms like Zerodha, Groww and others also offer this facility. For this, you will need to input details like your sibling's name (who you wish should receive these shares), particulars of their demat account, the amount of shares you wish to give as gift, and the name and 12-digit ISIN number of the company whose stocks you want to transfer. In addition, you will also have to provide the beneficiary owner ID of your siblings, reason for transferring these shares, and bank account details. In order to kickstart the process, you'll have to initiate what is known as an off-market settlement. This means without the stock exchange coming into the picture, two parties i.e. you and your sibling will mutually settle shares. For this, you will have to submit a delivery instruction slip (DIS) to your DP, or depository participant, which serves as a bridge between you and the depository. When you are transferring shares, you are essentially transferring your ownership of such stocks to them, and thus, you need to inform your DP and depository of the same. At present, there are only 2 depositories present in the country, namely NSDL and CDSL. You can submit this DIS both online and offline. If you have more than one siblings you wish to transfer shares to, remember to use separate DIS for each recipient's account. Once you initiate the transfer, your broker will send an email and SMS to the recipient, who will have 7 days to accept this. But remember, once you've transferred these shares, there is no provision to revoke this transfer. And just like with your clothes, accessories and everything else in life, your siblings will have full freedom and ownership to do whatever they deem fit with these shares! However, what you can certainly do, and make this gift more meaningful, is drive home the value of holding these securities for the long term, so that they are able to make the most of this investments. Ideally, a good start would be to start investing in stocks of large-cap, blue-chip companies, and them eventually complement them with small and midcap stocks, which offer higher legroom for growth. Per brokerage firm Master Capital Services Ltd, "consider choosing stocks from well-established companies with a solid track record and growth potential. It is essential to consider risk tolerance, investment horizon, and financial goals before selecting stocks for your brothers and sisters. The finest present you could give your siblings this year would be long-lasting financial stability". If you're looking for some stock recommendations you can consider for your siblings, we have you covered as well: <h4>Larsen &amp; Toubro Ltd. </h4>Why you should consider this? The company has shown consistent revenue growth and profitability in the past years while maintaining stability with its ROCE &amp; ROE of around 19% and 15%. L&amp;T has a significant global presence, with projects and operations in various international markets. This geographic diversification helps in tapping into global opportunities and reduces dependence on the domestic market. <h4>HCL Technologies Ltd. </h4>Why you should consider this? HCL Technologies is one of the IT giants of India, which is ranked amongst the top five Indian IT services companies in terms of revenues. HCL offers a wide array of IT, business services, engineering, R&amp;D services, and software products with operations in 60 countries. The company has been investing heavily in digital technologies, including cloud computing, artificial intelligence (AI), and automation. This focus aligns with current industry trends and positions the company to capture growth in the high-demand areas. <h4>TATA Motors Ltd.</h4>Tata Motors Limited is a leading manufacturer of automobiles and one of the largest OEM in India offering a wide range of passenger and commercial vehicles. Tata motors owns the flagship brand of Jaguar and Land Rover (JLR) which is a dominant automobile player in the global market. Its early entry in the electric vehicle segment has positioned it well ahead of many competitors and currently, it enjoys the largest market share in the EV segment in India. The focus on innovation and sustainability, along with a robust product lineup, positions Tata Motors well for future growth and market opportunities. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px; text-rendering: optimizelegibility;">Tax Implications of gifting shares</h2>The best part about gifting shares is that it is tax-exempt, since you're giving it to your relative. This means your sibling will not be liable to pay any taxes on this gift. However, to be on the safer side, make sure that the market value of the shares that you gift them does not exceed Rs 50,000, or else your siblings, i.e. the recipient will have to incur a tax liability. If your siblings decide to sell these gifted shares, they will have to pay LTCG (long-term capital gains) tax at the rate of 12.5%, or STCG (short-term capital gains) tax at the rate of 20%, depending on how long they hold these securities for. <h2>Gifting mutual fund units? </h2>Unfortunately, you cant transfer your mutual fund units to your siblings. The transfer of mutual fund units is only possible in case the unitholder passes away. But the one thing you can certainly do is start an SIP, or systematic investment plan (SIP) in their name. With as much as Rs 5,000 per month, invested over a period of 10 years, you 'll have invested Rs 6,00,000 for you siblings, which would have earned returns worth Rs 5,61,695, taking their total corpus to Rs 11,61,695. You can even start an SIP with just Rs 500/month in their name. You can nudge them into continuing this, so that you instill the value of financial discipline and long-term investing in them. Remember, at the end of the day, the true value of your gift lies not just in its monetary worth, but in the knowledge, responsibility, and financial acumen that you will pass on to your siblings. So, this <keyword id="22639140" type="General" weightage="100" keywordseo="Rakshabandhan" source="keywords">Rakshabandhan</keyword>, consider tying not just a rakhi, but also a knot of financial empowerment.

Move over regular gifts! Gift your sister stocks, MF units this Rakhi

New Delhi, The Enforcement Directorate (ED) has carried out a search operation at the corporate office of <keyword id="20417167" type="General" weightage="20" keywordseo="india-cements-in-chennai" source="keywords">India Cements in Chennai</keyword>. <keyword id="20415123" type="General" weightage="20" keywordseo="india-cements" source="keywords">India Cements</keyword>' share price is down 6.7 per cent at Rs 243.75 on the BSE. The ED search was conducted to probe any irregularities concerning the <keyword id="19939082" type="General" weightage="20" keywordseo="foreign-exchange-management-act" source="keywords">Foreign Exchange Management Act</keyword> (FEMA). "Certain officials of the Enforcement Directorate visited our corporate office in Chennai during 31.01.2024 and 01.02.2024 and conducted a search to find out any irregularities concerning FEMA. We have provided/undertaken to provide all the clarifications/documents sought by them," <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> Cements said. "We do not anticipate any material impact on the company with regard to the aforesaid investigation," it added. As per a message by N. Srinivasan, Vice Chairman and Managing Director, on the company website said, "India Cements is one of the leading cement manufacturing companies in India and also a market leader in South India. "The Company's vision is to create value on a sustained basis for all stakeholders through lofty standards of transparency, accountability and leadership in cement manufacture. The company has stood the test of time and has rapidly grown from two plants and 1.3 million tonnes capacity in 1989 to eight integrated plants and two grinding units with a total capacity of 15.5 million tonnes."

India Cements share price plunges over 6% after ED search

Bari (Italy): Prime Minister Narendra Modi on Friday said he had an excellent meeting with <keyword id="19901464" type="General" weightage="20" keywordseo="French-President-Emmanuel-Macron" source="keywords">French President Emmanuel Macron</keyword>, their fourth meeting in one year, and discussed ways to further strengthen the <keyword id="19895605" type="General" weightage="20" keywordseo="strategic-partnership" source="keywords">strategic partnership</keyword> in areas like defence, nuclear and space. The two leaders met on the sidelines of the <keyword id="21430934" type="General" weightage="20" keywordseo="G7-Summit" source="keywords">G7 summit</keyword> here in the southern resort town of Italy. The meeting with <keyword id="2211960" type="General" weightage="20" keywordseo="macron" source="Orion">Macron</keyword> is Modi's first official bilateral meeting with an international leader since taking charge for his third term as Prime Minister earlier this month. Modi thanked President Macron for his warm wishes on assuming office for the third consecutive term. "Had an excellent meeting with my friend President @EmmanuelMacron. This is our fourth meeting in one year, indicating the priority we accord to strong India-French ties," Modi posted on X. "Our talks covered numerous subjects such as defence, security, technology, AI, Blue Economy and more. We also discussed how to encourage innovation and research among the youth," he wrote. Modi also conveyed his best wishes to Macron on the hosting of the <keyword id="4833237" type="General" weightage="20" keywordseo="Paris-Olympics" source="Orion">Paris Olympics</keyword>, which begins next month. France will host the <keyword id="2307831" type="General" weightage="20" keywordseo="2024-Summer-Olympics" source="Orion">2024 Summer Olympics</keyword> from July 26 to August 11. The two leaders reviewed India-France bilateral relations, focusing on the 'Horizon 2047' Roadmap and the Indo-Pacific Roadmap. Discussions included cooperation in defence, nuclear, space, education, climate action, digital public infrastructure, connectivity and cultural initiatives such as the National Museum partnership and enhancing people-to-people ties. The two leaders agreed to further intensify strategic defence cooperation with an increased focus on 'Make in India'. They also agreed to expand cooperation in the realms of Artificial Intelligence, critical and emerging technologies, energy and sports, while working closely in the context of the forthcoming AI Summit and United Nations Oceans Conference, both to be hosted in France in 2025. The two leaders also exchanged views on key global and regional issues. They emphasised that a strong and trusted Strategic Partnership between India and France is crucial for a stable and prosperous global order and agreed to work closely to make it scale greater heights. The two leaders last met in January when the French President visited India to attend the 75th Republic Day of India. During their last meeting, the two leaders reaffirmed their shared vision for bilateral cooperation and international partnership, outlined in Horizon 2047 and other documents from the July 2023 Summit. Horizon 2047 Roadmap sets an ambitious and broad-ranging course for the bilateral relationship for 2047, the centenary year of India's independence. Modi is attending the 50th G7 Summit on the invitation of Italian President Georgia Meloni and will address an Outreach session on Artificial Intelligence, Energy, Africa and the Mediterranean alongside leaders of other invited countries and Pope Francis.

PM Modi and French President Macron discuss ways to further cement strategic ties at G7 summit sidelines

<ul><li><keyword id="6374289" type="General" weightage="20" keywordseo="acc" source="Orion">ACC</keyword> acquired 55% stake in Asian Concretes and Cements Private along with its subsidiary Asian Fine Cements.</li><li>It had earlier held a 45% stake in the company before the deal.</li><li>The acquisition is fully funded through internal accruals.</li></ul>Adani group controlled ACC acquired the remaining 55% stake in Asian Concretes and Cements (ACCPL) from its promoter at an enterprise value of ₹775 crore. The EV includes cash &amp; cash equivalent of ₹35 crore. The ACC stock opened Monday in the red and had slipped 1.4% in trade at the time of publishing as compared to 0.4% slip seen on Nifty50. Asian Concretes and Cements’ subsidiary Asian Fine Cements is also a part of the acquisition. The subsidiary of <keyword id="6688113" type="General" weightage="20" keywordseo="ambuja" source="Orion">Ambuja</keyword> Cements had held a 45% stake in ACCPL before the deal. "With this acquisition, we are furthering our growth trajectory, enriching our portfolio, and continuing to accelerate our journey towards value creation for all our stakeholders,” said Ajay Kapur, WTD and CEO, ACC. ACCPL has 1.3 MTPA cement capacity in Nalagarh in Himachal Pradesh, while its subsidiary Asian Fine Cements (AFCPL) has 1.5 MTPA cement capacity in Rajpura, Punjab. Entire acquisition is funded through internal accruals and will help ACC &amp; its parent company Ambuja to further bolster market leadership in the lucrative North India market. While ACC has an existing tolling arrangement with the Nalagarh unit, Rajpura plant’s additional 1.5 MTPA capacity will strategically cater to a vast customer base across three states — Himachal Pradesh, Haryana, and Punjab. Notably, ACC and Ambuja Cements possess sufficient clinker to support the Rajpura plant, inclusive of its future expansions. This acquisition elevates Adani Group’s overall cement capacity to 77.4 MTPA. With ongoing and planned capex investments, the Adani Group's cement capacity is poised to reach 106 MTPA by FY26. The move also aligns with Adani’s Cement Business’ target to achieve 140 MTPA capacity by 2028.

ACC falls 1.4% after acquiring Asian Concretes & Cements for ₹775 crore

<ul class="summary-list"><li>Kendrick Lamar performed his first show since his beef with Drake on Wednesday. </li><li>Lamar performed most of his diss tracks aimed at Drake, including "Not Like Us" five times.</li></ul><a target="_blank" href="https://www.businessinsider.com/drake-kendrick-lamar-j-cole-beef-explained-2024-4">Kendrick Lamar</a> cemented his win in his rap beef with Drake at an LA show on Wednesday where he performed a diss track five times, surrounded by rap legends. But the Juneteenth concert wasn't just a victory lap, with fans viewing it as an iconic moment in <a target="_blank" href="https://www.businessinsider.com/hip-hop-50th-anniversary-history-black-latino-music-protest-2023-2">hip-hop history</a> and an important attempt to unite the <a target="_blank" href="https://www.businessinsider.com/j-cole-kendrick-lamar-diss-drake-2024-4">fractured West Coast</a>.The sold-out, one-off show, "The Pop Out: Ken &amp; Friends" — which was streamed live on Amazon Prime Video and Twitch — was Lamar's hotly anticipated first performance since his <a target="_blank" href="https://www.businessinsider.com/jack-dorsey-kendrick-lamar-drake-rap-beef-euphoria-family-matters-2024-5">beef with Drake</a> unfolded earlier this year.After the pair released a series of back-to-back diss tracks in April and May, <a target="_blank" href="https://www.businessinsider.com/drake-kendrick-lamar-rap-beef-winner-critic-reactions-2024-5">Lamar was viewed as the winner</a> after "Not Like Us" topped the Billboard Hot 100 charts for one week in May and has been in the top 10 ever since. Drake's response, "The Heart Part 6" wasn't enough to beat Lamar.When both artists went quiet, fans were left wondering what would happen next.Lamar didn't disappoint with "The Pop Out," where he performed four of his five Drake diss tracks, opening with "Euphoria." Later came his diss verses on "6:16" and "Like That," and he ended the night with "Not Like Us," featuring an intro from West Coast hip-hop legend <a target="_blank" href="https://www.businessinsider.com/dr-dre-stroke-aneurysm-hospitalized-health-condition-symptoms-2024-3">Dr Dre</a>, who joined him on stage.Lamar then performed "Not Like Us" four more times alongside numerous West Coast rappers, athletes, dancers, and members from multiple Los Angeles gangs. At the end, they took a group photo together.Fans said the concert was the equivalent of Lamar getting the West Coast to dance on Drake's grave, and proof that the hip-hop community supports him. But they also appreciated the cultural significance of the show, with one X user describing it as "<a target="_blank" href="https://x.com/JKalif01/status/1803642551187951746">one of the most historic nights in hip-hop history</a>."While fans have focused a lot on the unsubstantiated allegations of sexual assault, pedophilia, and domestic abuse in the pair's diss tracks, the battle was truly about authenticity.In "Not Like Us," Lamar calls Drake, who is Canadian, a "colonizer" of rap culture, claiming he stole his persona from artists like <a target="_blank" href="https://www.businessinsider.com/50-cent-future-way-bigger-than-jay-z-2023-2">Future</a>, Lil Baby, 21 Savage, Young Thug, Quavo, and 2Chainz.In "Family Matters" and "Push Ups," Drake calls Lamar, who <a target="_blank" href="https://www.businessinsider.com/best-albums-lost-aoty-grammy-awards-snubs">raps about race and societal issues</a>, a fake activist and says his hometown, Compton, California, doesn't support him.Lamar challenged that idea by showcasing up-and-coming West Coast rappers and performing with major Californian hip-hop stars including Tyler The Creator, Jay Rock, Ab-Soul, Schoolboy Q, and Dr. Dre, while the crowd was filled with stars including <a target="_blank" href="https://www.businessinsider.com/lebron-james-net-worth-salary-wife-cars-houses-billionaire">LeBron James</a>.Lamar didn't just bring all of these artists together to mock Drake, though, but to unite the West Coast. "For all of us to be on this stage together, unity, from East side mother-fucking LA, Crips, Bloods, Pirus, this shit is special, man. We put this shit together just for ya'll," Lamar said in between the "Not Like Us" encores, referring to rival gang members onstage."This shit ain't got nothing to do with no song at this point, ain't got nothing to do with no back and forth records, it's got everything to do with this moment right here. That's what this shit was about, to bring all of us to-mother-fucking-gether," he added.Lamar also paid tribute to late rapper <a target="_blank" href="https://www.businessinsider.com/nipsey-hussle-dead-legacy-charity-work-investments-south-la-2019-4">Nipsey Hussle</a>, former NBA star <a target="_blank" href="https://www.businessinsider.com/kobe-bryant-crash-what-we-know-unanswered-questions-2020-1">Kobe Bryant</a>, and Californians who have lost their lives to violence.

Kendrick Lamar made hip-hop history by using his Juneteenth show as a victory lap against Drake and an attempt to unite the West Coast 

<keyword id="183823" type="General" weightage="50" keywordseo="ambuja-cements-ltd" source="Orion">Ambuja Cements Ltd</keyword>, a part of Adani Cement on Thursday said it has been declared as the 'preferred bidder' for the <keyword id="16547676" type="General" weightage="100" keywordseo="uskalvagu" source="Orion">Uskalvagu</keyword> limestone block in <keyword id="6357961" type="General" weightage="80" keywordseo="odisha" source="Orion">Odisha</keyword>. An e-auction was conducted by the Odisha government for the block, situated in Malkangiri district, <keyword id="105382" type="General" weightage="80" keywordseo="ambuja-cements" source="Orion">Ambuja Cements</keyword> said in regulatory filings. The <keyword id="6367820" type="General" weightage="50" keywordseo="adani-group" source="Orion">Adani Group</keyword> firm has not disclosed the bid amount for the block but said it is spread over an area of 547 hectares with an estimated limestone resource of about 141 million tonnes. "The company shall get the statutory licences and permits related to mining operations to be declared a 'successful bidder' and subsequently enter into a 'Mine Development and Production Agreement (MDPA)' with Government of Odisha to commence the mining operation," it said. Preferred bidders are those who are selected by the vendor with the intention to sell the business or award a contract, subject to the completion of terms and conditions. Ambuja Cements with its subsidiary ACC Ltd has a capacity of 67.5 million tonnes with 14 integrated cement manufacturing plants and 16 cement grinding units across the country. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/loankuber-a-mortgage-platform-raises-2-million-led-by-inflection-point-ventures/articleshow/97972467.cms">Mortgage platform LoanKuber raises $2 million led by Inflection Point Ventures</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indigo-stock-slides-4-in-early-trade-after-reports-of-a-large-block-deal/articleshow/97970085.cms">Indigo stock slides 4% in early trade after reports of a large block deal</a>

Ambuja declared as preferred bidder for Uskalvagu limestone block in Odisha

<ul class="summary-list"><li>United Airlines has placed an order for 100 Boeing 787 Dreamliner aircraft, with options for 100 more.</li><li>The purchase is the largest widebody order of any US airline in commercial aviation history.</li></ul>United Airlines is bolstering its Boeing fleet with another massive aircraft order. On Tuesday, the Chicago-based carrier announced an order for 100 Boeing 787 Dreamliners, with options for 100 more, marking the largest order of widebody jets by any US carrier in commercial aviation history.United CFO Gerry Laderman told media during a conference call on Monday that the first 100 are considered replacement planes, while the options are "opportunities" to expand its network."United emerged from the pandemic as the world's leading global airline and the flag carrier of the United States," United CEO Scott Kirby said in a press release. "This order further solidifies our lead and creates new opportunities for our customers, employees, and shareholders by accelerating our plan to connect more people to more places around the globe and deliver the best experience in the sky."Deliveries for the new jets, which will feature Polaris business class, United premium plus, economy plus, and regular economy, will begin deliveries in 2024. The airline can choose from either the -8, -9, or -10 variant, which it says will provide "flexibility to support a wide range of routes."The order comes just months after Boeing was given the green light by the Federal Aviation Administration <a href="https://www.businessinsider.com/american-received-first-boeing-787-dreamliner-after-faa-paused-deliveries-2022-8?amp">to resume deliveries of the 787</a> after production flaws grounded it for over a year.Also announced on Tuesday is an order for 100 <a href="https://www.businessinsider.com/flew-uniteds-boeing-737-max-8-economy-loved-it-review-2022-6">Boeing 737 MAX aircraft</a>, 44 of which were exercised options and will be delivered by 2026, and the other 56 are new purchases and will be delivered between 2027 and 2028.United did not divulge any information on how much the order is worth, but <a href="https://www.reuters.com/business/aerospace-defense/united-airlines-makes-big-boeing-order-including-100-787-dreamliners-2022-12-13/">Reuters estimates the total order value at $43 billion</a>. However, for an order of this magnitude, it's likely United negotiated a discount.United told media in the call that that order will not impact its long-standing Airbus A350 order and deliveries of those jets are now not expected to start until 2030. The airline originally placed the order in 2009, <a href="https://www.reuters.com/article/us-unitedairlines/united-airlines-places-10-billion-plane-order-idUSTRE5B74SX20091208">according to Reuters</a>. It then increased the number of A350 jets on order to <a href="https://www.prnewswire.com/news-releases/united-airlines-announces-order-for-airbus-a350-1000-aircraft-212290261.html">35 in 2013</a> and then again <a href="https://www.airbus.com/en/newsroom/press-releases/2017-09-new-agreement-with-united-airlines-increases-a350-xwb-order-to-45">in 2017 to 45</a>, where it currently stands.The orders are part of the carrier's <a href="https://www.businessinsider.com/inside-united-airlines-boeing-737-max-8-new-signature-interior-2021-7">United Next plan</a>, which also includes a June 2021 <a href="https://www.businessinsider.com/united-orders-270-next-generation-jets-upgrading-fleet-with-tv-screens-2021-6">order</a> for 270 Boeing and Airbus narrowbody planes. According to United, total deliveries of narrowbody and widebody aircraft will reach more than 700 by the end of 2032, with 100 of the widebodies <a href="https://www.businessinsider.com/flew-uniteds-old-boeing-767-and-enjoyed-updated-cabin-review-2022-8">replacing old Boeing 767s</a> and some Boeing 777s. The carrier told media that the company has not decided when the rest of the 777s will be replaced.And, it won't be long before United's 767s are gone forever as the carrier announced the entire fleet will be retired by 2030, reducing carbon emissions by 25%, expanding cargo capacity, and offering more premium cabins, United CCO Andrew Nocella told media during the call.The move follows American Airlines' <a href="https://news.aa.com/news/news-details/2020/A-fond-farewell-to-five-fantastic-fleets-FLT-04/default.aspx">retirement</a> of the type in April 2020. Delta initially said it planned to retire its 767s in 2025 <a href="https://www.businessinsider.com/flying-on-deltas-boeing-767-economy-it-was-great-review-2022-9#:~:text=Delta%20Air%20Lines%20is%20the,decided%20to%20keep%20them%20longer.">but recently decided to keep them flying longer</a>.The order will help United expand its international footprint. The carrier already operates the largest network across both the Atlantic and the Pacific Oceans, serving nearly 300 international destinations from its seven US hubs. In 2021 alone, United made its <a href="https://www.businessinsider.com/united-reveals-5-new-international-destinations-3-new-routes-2021-10">largest-ever transatlantic expansion</a> to places like Amman, Jordan, and Ponta Delgada, Portugal.However, the larger network will require more employees, with United saying it plans to hire 2,500 more pilots and 4,000 more flight attendants in 2023. Overall, the airline brought on 15,000 new workers in 2022 and plans to hire the same in 2023."We're not just creating jobs – these are long-lasting careers that offer great pay, outstanding benefits, and flight privileges to see the world," United EVP of human resources and labor relations Kate Gebo said. "And the best part is we're actively hiring across every role at the airline."

United just ordered a record-breaking 100 Boeing 787 Dreamliner aircraft, cementing the largest widebody order in US history

<ul><li>Benchmark indices <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> edged up in morning trade on Thursday despite mixed cues in global markets. </li><li>The gains in morning trade were led by banking and metal stocks, while FMCG and IT stocks were flat. </li><li><keyword id="90570" type="General" weightage="20" keywordseo="sgx-nifty" source="Orion">SGX Nifty</keyword>, an early indicator of how the markets may perform, was up 0.25% or 44 points early in the morning today. </li></ul>Benchmark indices Sensex and Nifty50 edged up in morning trade on Thursday despite mixed cues in global markets. The gains in morning trade were led by banking and metal stocks, while FMCG and IT stocks were flat. While the 30-stock Sensex was up 0.14% or 84 points to 59,651, the 50-stock Nifty50 was up 0.07% or 13 points to 17,631. Adani Ports, L&amp;T and Titan Company were amongst the top gainers. Top gainers and losers on Nifty50 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports &amp; SEZ </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.60% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divi's Laboratories </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.68% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.23% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.05% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan Company </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.20% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apollo Hospitals </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.98% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.17% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr. Reddy's Laboratories </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.74% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid Corp. </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.96% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cipla </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.68% </td></tr></tbody></table> Source: NSE, as on April 20, 2023 Earlier on Wednesday, markets extended their losing streak for the third consecutive day, with both Sensex and Nifty50 losing over 0.2% due to selling in IT and banking stocks. Gold and crude oil prices continued to simmer down – while gold prices fell 0.32% to ₹60,296 per 10 grams, Brent crude oil price fell 0.81% to $82.45 per barrel. <cmsannotation type="cmsannotation" annotationid="Global markets mixed" comment="subhead" text="Global markets mixed">Global markets mixed</cmsannotation> Investor sentiments in markets globally were mixed, reflecting in sideways movement in both the US as well as Asian markets. In the US, Dow Jones fell 0.23% while S&amp;P 500 and Nasdaq were flat. Asian markets showed similar trends on Thursday morning, with Nikkei 225 up 0.09% while Hang Seng was flat. Shanghai Composite fell 0.68%, while KOSPI fell 0.39% and Taiwan Weighted was down 0.19%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch"><keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword></cmsannotation> <keyword id="42747" type="General" weightage="80" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>: The automaker’s subsidiary Jaguar Land Rover will invest 15 billion pounds over the next five years in electric vehicles. Tata Communications: The company has reported a 10.7% on year decline in consolidated profit at ₹326 crore for March quarter while revenue grew by 7.2% on year to ₹4,569 crore. <keyword id="6355596" type="General" weightage="80" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword>: The cement maker has announced it has commissioned 2.2 million tonnes per annum brownfield expansion at its grinding unit at Patliputra, Bihar. With this, the units grinding capacity has increased to 4.7 mtpa. Titan: With rising gold prices, Titan’s jewellery arm Tanishq has planned to reinstate its advanced booking option allowing buyers to lock in the price of the yellow metal ahead of Akshaya Tritiya on April 22. Adani Ports &amp; SEZ: The company’s board will meet on April 22 to consider a partial buyback of its certain debt securities effective this financial year. Earnings today: HCL Technologies, ICICI Prudential Life Insurance, Cyient, Sterling and Wilson Renewable Energy, Reliance Industrial Infrastructure, Oriental Hotels are among companies to release their March quarter earnings today. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/zomatos-cost-control-efforts-are-hurting-the-startup-strike-at-blinkit-to-hurt-revenues-by-1/articleshow/99609906.cms">Zomato's cost control efforts are hurting the startup: Strike at Blinkit to hurt revenues by 1%</a> <a href="https://www.businessinsider.in/stock-market/news/condom-maker-mankind-pharmas-4326-crore-ipo-to-open-next-week-on-april-25/articleshow/99614288.cms">Condom maker Mankind Pharma’s ₹4,326 crore IPO to open next week on April 25</a>

You Searched For "cement unit" and got 13 results

India's cement industry expected to grow to 5.09 billion tonnes by 2028-29 amid infrastructure push: Report

BI India Bureau

SEBI places JSW Cement's Rs 4,000-cr IPO on hold for now

PTI

Adani Group to acquire CK Birla group firm Orient Cement at ₹8,100 crore valuation

BI India Bureau

India Cements' shares jump nearly 14%, UltraTech Cement soars 6.50% following acquisition news

PTI

United announced 13 new international routes and 3 'fifth freedoms' flights to far-flung destinations

Taylor Rains

Move over regular gifts! Gift your sister stocks, MF units this Rakhi

Ira Alok Puranik

India Cements share price plunges over 6% after ED search

IANS

PM Modi and French President Macron discuss ways to further cement strategic ties at G7 summit sidelines

PTI

ACC falls 1.4% after acquiring Asian Concretes & Cements for ₹775 crore

BI India Bureau

Kendrick Lamar made hip-hop history by using his Juneteenth show as a victory lap against Drake and an attempt to unite the West Coast

Ayomikun Adekaiyero

Ambuja declared as preferred bidder for Uskalvagu limestone block in Odisha

PTI

United just ordered a record-breaking 100 Boeing 787 Dreamliner aircraft, cementing the largest widebody order in US history

Taylor Rains

Sensex, Nifty50 edge up in morning trade led by banking and metal stocks

Bhakti

Rounak

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