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Subscribe to enjoy similar stories. Cement is fundamental to infrastructure development and plays a crucial role in a country's economic progress, with its demand closely linked to the growth of the nation. In India, this demand is driven by government investment in infrastructure projects like roads, railways, and housing.

Subscribe to enjoy similar stories. The Union budget, which lays out a roadmap for India’s fiscal and financial reforms, is a widely anticipated event every year. Over the years, various governments have tried to strike a balance between economic growth and social equality through allocation of the resources in their budgets.

Kenneth Andrade, Founder & CIO, Old Bridge Capital Management, there are three sectors showing strong single-digit growth and mid-teen profit margins that he finds appealing. One major industry is pharmaceuticals, where he believes the companies have a strong chance of success. We are the world's lowest-cost producer because we manage our own supply chain. Andrade is also very interested in the aviation sector and the broader transportation industry. The third sector is a well-established area in IT and IT services. Andrade further says that when the market recovers, it's important to review the ideas you invested in and stay patient. Build a portfolio that you want to keep for the next five years. With every chance you get, reinvest in the same stocks you already own. What is your experience telling you? Have markets peaked out for a long time? Are we in for a long winter? Kenneth Andrade: It depends upon how you categorise it. But I definitely think we have had a great five years, especially after the pandemic. And all of us need a little bit of a breather, including the marketplace. So, hopefully what set in at the beginning of this calendar year continues to consolidate and some of the froth needs to get out of the system. Too many excesses have been built up over the last two years. I hope that this consolidates well around this place.

Subscribe to enjoy similar stories. Bengaluru: Less than five weeks before the US trial of a six-year-old case begins to determine whether two former executives of Cognizant Technology Solutions Corp. (CTS) routed illicit payments through Larsen and Toubro Ltd to unnamed Indian government officials, it is unclear if an ex-Cognizant executive, the US government’s “essential witness" will travel to testify when the case starts on 3 March.

Subscribe to enjoy similar stories. Two independent directors on the Religare Enterprises Ltd board have criticized the company's haste in publicizing a late bid from Danny Gaekwad, even as chairperson Rashmi Saluja moved the High Court to block a shareholder vote which would decide her continuance at the conglomerate's helm.

If you thought soaring profitability and revenues were a shoo-in for soaring bonuses, sorry. As we noted a few weeks ago, this has not been the case for 2024. At Goldman Sachs, for example, profitability and revenues rose by 68% and 16% respectively in 2024, but spending on pay rose by 8%. 

Liverpool legend Steven Gerrard is eventually all set to leave his role as Al Ettifaq manager following being 18 months in charge of the Saudi Pro League club, reported Echo.

The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war with the United States.

He has led Standard Life, part of Phoenix Group, for the past five years. He oversaw the firm's growth strategy which it said had hit its targets two years ahead of schedule in 2023. Schroders-Phoenix joint venture gains approval for UK and global private markets LTAFs Another area of focus was reinvigorating the «historic brand» and extending the range of retail savings products on offer. After his departure, the business will move to a «flatter leadership structure», meaning its retirement solutions and asset management divisions will be combined into a new business unit led by P...

“I cried,” it was “like being kept in captivity.”

Oil and gas companies would be liable for damages caused by climate change-related disasters in California under legislation introduced Monday by two Democratic lawmakers.

JSW Energy on Tuesday reported a 32% drop in consolidated profit at Rs 157 crore against Rs 232 Crore in the same period last year. Total revenue during the quarter decreased by 1% year-on-year to Rs 2,640 crore from Rs 2,661 Crore in the corresponding period last year.

Skoda is looking to turn profitable in India this year as it expects sales to double with its foraying into the high volume sub-compact SUV segment with its new offering Kylaq, according to a top company executive. Bullish on its growth aspects, the automaker expects the Indian market to break into its top five markets globally with enhanced sales volume growth.

«Actually, the growth rates are far better in the midcap and the smallcap. So, the India story is really happening in the midcap and smallcap. Just that the enthusiasm for these companies went up dramatically,» says Rajesh Bhatia, CIO, ITI MF. Why are markets falling the way they are falling? The mid and smallcap stocks are getting smoked. I mean, everyone says that look the correction was overdue. But if that was the case, then why is everybody feeling so remorse and so painful? I mean, if everybody knew this was coming, then why there is so much of agony and pain in the world? Rajesh Bhatia: So, it always happens that way. No risk in the market comes all of a sudden. People are always aware that the risk is building up. But the market then, it climbs a wall slowly, but when it comes down, it takes like the escalator route and that is really what is happening. It is nothing unique. Even in 2008, we knew that there was a real estate bubble that is building in the United States. People were shorting real estate in 2005, 2006. When did the market actually correct? In 2008. People knew that COVID was an issue in December of 2019. It was called COVID-19 if you remember. When did the markets fall? March of 2020. So, no risk comes very suddenly.

On Monday the world will mark eight decades since the liberation of Auschwitz, the notorious Nazi extermination camp where more than a million people, most of them Jews, were murdered during the Second World War. But as world leaders and Auschwitz survivors prepare to gather at the Auschwitz-Birkenau Memorial and Museum in southern Poland, a new survey suggests a growing number of Canadians believe the history of the Holocaust has been exaggerated.

The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday.

Subscribe to enjoy similar stories. UK-based Auréa group, which rescued and invested in beauty brand The Body Shop last year is in the process of deploying $3-5 billion into beauty brands including its current investment.

Skyscraper-studded Dubai has been on a hot streak for the last five years — and some are starting to get burned

Subscribe to enjoy similar stories. When asked where he sees growth and value, Kenneth Andrade, CIO of Old Bridge Mutual Fund and founder director of Old Bridge Capital Management, bluntly says, “Nowhere." “When you talk about value, it no longer exists. It's all about growth," he said.