UltraTech
As the Maruti, Bharti, HUL and Idea all stated beating the Street, the mood in corporate India even if not actually upbeat, is surely better than it was a few months ago. There is, however, some of the despondency that goes with the realisation that the core of the economy remains in deep trouble; from [...] Continue Reading »
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »
The cement prices as of now are higher compared to previous year. However, it is likely to come down as per prediction. Slow arrival of monsoon along with supply-side constraint in Chhattisgarh due to plants of UltraTech, Ambuja Cements and Lafarge India – being shut down by the Chhattisgarh environment conservation board (CECB) as the [...] Continue Reading »
