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Cement stocks drive Sensex down
Mumbai :: India | 11 months ago
Credibility
Cement stocks led Friday's market decline after the Competition Commission of India (CCI) slapped a penalty of 6,307 crore on 11 companies for allegedly manipulating supplies and prices. Stocks of Holcim-controlled Ambuja Cements fell 2.6% and ACC
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CCI levies Rs 6300 cr penalty on 11 cement firms including Ambuja, ACC
New Delhi :: India | 11 months ago
Credibility
The Competition Commission of India (CCI) has levied a penalty of nearly Rs 6300 crore on 11 cement companies, ruling them guilty of forming a cartel and fixing prices. CCI has levied a penalty of 50% of the FY10 profits of these companies. The 11
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JP Associates: High debt levels weigh heavy
Mumbai :: India | 11 months ago
Credibility
In the past three months, the stock has fallen nearly 14%, compared with a 4% fall in the ET Construction Index. However, the proposed stake sale in its cement plants in Gujarat and Andhra Pradesh is likely to bring down its debt and improve its
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Safe for now, but pressure mounts
Mumbai :: India | 11 months ago
Credibility
A positive piece of news, in normal circumstances, props up a stock. But when it doesn't, it's time to give the scrip a close, hard look. Worse, if there is selling pressure in reaction to the positive development, there's definitely something amiss.
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India Inc's sales growth rate at 10-quarter low
Mumbai :: India | 12 months ago
Credibility
The 2,060 companies that have declared their results recorded sales growth of 15.2 per cent, a slower pace of growth compared to the previous three quarters. The cost of production remains high on a year-on-year basis, up 500 basis points compared to
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TDF to drive cement earnings
Karāchi :: Pakistan | 12 months ago
Credibility
The cement companies are attempting to use tire derived fuel (TDF) as an alternative to coal in manufacturing as a means to improve margins.A report by analyst Yawar Uz Zaman at Investcapital stated that energy costs formed as much as 60 per cent of
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Lafarge sees higher pricing in 2012
Mexico City :: Mexico | 1 year ago
Credibility
Lafarge said it expected to hike prices further in 2012 after sales and operating profits rose in the first quarter, lifted by price increases and stronger demand for cement in emerging markets. Like its smaller peers, the world's largest cement
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Dealing Room: Pantaloon, Exide, DLF, BOI, ACC
Mumbai :: India | 1 year ago
Credibility
ET Now spoke to dealers on institutional and high net worth investors' activity in the dealing room. The following stocks were on their radar on unconfirmed reports. Pantaloon Retail India Ltd: Funds are accumulating the stock for a 10-12 percent
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Raysut Cement group profits rise
Muscat :: Oman | 1 year ago
Credibility
Raysut Cement group's net profit before tax soared 37.4 per cent to RO6.84 million for the first three months of 2012, from RO4.98 million for the same period of last year. However, profit before tax of Raysut Cement Company (RCC) alone soared 26 per
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Oman Cement mulls expanding capacity
Muscat :: Oman | 1 year ago
Credibility
Oman Cement Company (OCC), the Sultanate's second largest cement producer, is planning to increase its cement grinding capacity. A consultancy agency has been engaged to study the feasibility of further expansion. The company also said it posted a
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