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sales realisation. Barring three leading cement producers — UltraTech Cement, Ambuja Cement, and Dalmia Bharat — other smaller players, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, reported a decline in topline and sales volume in the second quarter of the current fiscal year. Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry. The industry also faced challenges such as extended monsoon, floods, and a slow pickup in government demand, cumulatively leading towards a weak demand.

financial issues, according to an official document. The government is also taking various measures to keep RINL as a going concern, the Ministry of Steel said in a note. «In this regard, the Government of India has infused Rs 500 crore towards equity on September 19, 2024, and a working capital loan of Rs 1,140 crore on September 27, 2024,» according to the document. It also said that SBICAPS, a wholly-owned subsidiary of the State Bank of India (SBI), is preparing a report on the sustainability of RINL.

Dave Grohl is recently facing a pretty challenging situation while he is navigating a potential divorce from his wife, Jordyn Blum following the shocking revelation of a love child, reported In Touch. Foo Fighters frontman Dave Grohl suddenly made an announcement that he had welcomed a daughter outside of his marriage while he also expressed his commitment to being a pretty supportive parent and also asked for forgiveness from his family. According to In Touch, this shocking admission of Dave Grohl has left his wife Jordyn Blum in a huge state of confusion as she weighs her options between divorce and reconciliation. In Touch also asserted that friends who are pretty close to Jordyn Blum are severely urging her to leave Dave Grohl which is eventually causing him significant anxiety. Also Read: This was Liam Payne's final wish an hour before his tragic death

Don’t be surprised if you’re stuck behind a chocolate lab, a Scottish fold and a guinea pig when you’re picking up cold medication at the pharmacy in the years ahead.

Georgia’s state government is diverting $100 million to spend on loans to farmers and cleanup after Hurricane Helene

Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday launched a mission to achieve pothole-free roads in the state here, at a cost of Rs 861 crore. Kickstarting the state-wide mission from Chintalagorlivanipalem village in Anakapalli disrict, the Chief Minister personally repaired a pothole by filling it will mortar, accompanied by Home Minister Vangalapudi Anitha and other leaders and officials.

Israel's new "Iron Beam" laser defence system is expected to be operational within a year, significantly enhancing the country's ability to counter aerial threats. The Israeli defence ministry recently announced a $500 million investment in contracts with Rafael Advanced Defence Systems and Elbit Systems to boost production of this cutting-edge technology.

Subscribe to enjoy similar stories. Elon Musk is betting that robot cars will propel Tesla into a lucrative new era. But he’s going about it all wrong.

As on Sep 30, 2024, in terms of performance domestic price of Gold (MCX gold) has generated reasonable return. For instance, over last period of 15 Yr. MCX Gold has generated return of 11.1% CAGR whereas Nifty50 has generated return of 12.9%. In short-term, such as over 3-year period, it has generated return of 18% vis-à-vis 14.9% of Nifty50. Over the long run, Gold has exhibited low or even negative correlation with Nifty 50 and helps in risk mitigation. Though investors should note that in the short term, correlation may or may not hold. For example, while in 2008 and 2011, when Nifty 50 gave negative returns, Gold posted strong positive returns, but both the asset classes were negative in year 2015. At current levels, while Gold may not deliver exuberant returns in short term, investors should approach it for portfolio completion and risk mitigation with longer investment horizon with a strategy to buy at Dips or in staggered manner. Backed by reasonable performance, risk mitigation and being a safe haven, investors are naturally inclined to allocate some portion of their portfolio to gold and use gold for prosperity in their wealth creation journey.

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies

Subscribe to enjoy similar stories. A market share of 50% in a highly competitive industry is a rarity. Of all the major Indian companies, only two, Asian Paints and IndiGo, have managed that consistently.

Subscribe to enjoy similar stories. As HDB Financial Services Ltd prepares for a nearly $1.5 billion initial public offering of shares, two key factors could potentially impact its valuation: a recent proposal to regulate banks’ group businesses and HDB’s rising bad loans. HDB Financial Services said in its draft red herring prospectus, or its IPO filing, that its parent, HDFC Bank Ltd, may have to reduce its stake in the company to below 20% if the Reserve Bank of India implements its draft proposal in the current form.

Generative advertising — which leverages AI to continuously create, test and optimise personalised content at scale that resonates with customers on a personal level — is emerging as the shortest pathway to monetising AI. And it's putting Meta in the pole position. It stands to reason that tech giants pushing the frontiers of generative AI will test the more promising business applications in-house.

biologists, a group of statisticians, and a group of physicists. Each group was given a year to research. After one year, they all reported to the investors. The biologists said that they could genetically engineer an unbeatable racehorse, but it would take 200 years and $100 bn. The statisticians reported next. They said that they could predict the outcome of any race, at a cost of $100 mn a race, and they would only be right 10% of the time.

Striking workers at Boeing will vote on a new contract offer next week

TORONTO — A U.S. senator is raising concerns that Toronto-Dominion Bank executives did not face charges as part of the bank’s settlement over its failure to detect large-scale money laundering.

Ford Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the year as demand for EVs continues to wane.

Subscribe to enjoy similar stories. Like its big tech rivals, Amazon.com is spending a king’s ransom on artificial intelligence. Unlike them, it also has plenty of customers dropping money on toothpaste and razorblades.

LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to increase taxes on businesses.

Intel on Thursday posted the biggest quarterly loss in its 56-year history, as the onetime highflying chipmaker struggles to turn itself around. The Silicon Valley company said its loss for the third quarter totaled $16.6 billion, a result of $15.9 billion in charges to reflect lowered valuations of company assets and a $2.8 billion restructuring charge associated with cutting more than 15,000 workers. Pat Gelsinger, Intel's CEO, had ordered the restructuring in August in response to shrinking profit margins caused by the costs of catching rivals in manufacturing technology and little success in the booming market for artificial intelligence chips, among other factors.

Never before in a presidential election cycle has there been so much discussion of the child tax credit — a tool many Democrats and Republicans have endorsed as a way to lift children and young families out of poverty