Experts feel that though cement demand moderated to 4-5 per cent in FY24-25 owing to a temporary slowdown in government infrastructure spending and a prolonged monsoon, it is likely to rebound to 6-7 per cent in FY25-26(file photo) | Photo Credit: AMIT DAVE Cement maker UltraTech, which expects around 7 per cent growth in FY26, … Read more
Benchmark indices opened on a weak note Monday morning, with the Sensex opening at 81,299.97, lower than its previous close of 81,463.09, and trading at 81,311.84 at 9:50 am, down 151.25 points or 0.19 per cent. The Nifty 50 opened at 24,782.45 compared to its previous close of 24,837.00, and was trading at 24,811.90 at … Read more
Wall Street is entering a decisive week with a packed calendar including the Fed’s interest rate decision, earnings from Big Tech giants like Amazon and Apple, key economic indicators like GDP and payroll data, and a looming Aug. 1 tariff deadline set by Donald Trump. | Photo Credit: iStockphoto Wall Street pros are staring down … Read more
SBI Life Insurance has strengthened its product portfolio in the traditional segment as it witnessed a shift of product mix more towards non-ULIPs, says MD & CEO Amit Jhingran. In an interview with businessline, Jhingran says the insurer is looking at a ULIP to non-ULIP ratio of 65:35 this fiscal against the ratio of around … Read more
Such syndicates are now operating in broad daylight through social media platforms like Facebook and Instagram | Photo Credit: Arvind Prasanna A 11172@Chennai Cyber intelligence firm CloudSEK has detected counterfeit currency syndicates based out of Maharashtra operating via social media platforms, the company said in a report. The report said that the earlier such syndicates … Read more
In a notice to CCI, the consortium said that the “proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India…” | Photo Credit: ADNAN ABIDI A clutch of investors led by Multiples Equity have sought approval from the fair trade regulator CCI … Read more
Conservation must move beyond tick-boxes and return to being part of our daily lives. India is living through a climate breakdown. Record-shattering heatwaves, erratic monsoons, parched tech hubs, and floods in our heartlands are no longer warnings from a distant future, they are here. Step outside any city and you see the remnants of a … Read more
As a social security or retirement-focused investment, the employees’ provident fund (EPF) is compulsory for the salaried in most private sector organisations. In an ideal scenario, you would work for a single employer and tap into tax-free corpus at the time of retirement. However, our actual experience is far from ideal. And therefore have to … Read more
Cash holdings of actively managed equity-oriented mutual fund schemes declined to a seven-month low of 5.5 per cent in June, signalling a shift from the cautious stance seen earlier in the year. Cash levels, which were at 4.6 per cent in June 2024, had steadily risen to a peak of 6.8 per cent in April … Read more
The Federation of Automobile Dealers Associations (FADA) has sought the Reserve Bank of India’s intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, FADA also called for a review of private banks’ repo-rate pass-through lags in the auto-loan portfolio … Read more