Analysts expect the margin to recover third quarter onwards, driven by cost cool-off, rebound in cement prices and pick-up in construction activities
A toxic cocktail of favouritism by partners, poor work-life balance, inadequate compensation, mental health issues, burgeoning ambitions and the lure of leadership roles have led to a massive churn in the legal profession. Here’s the lowdown.
Karan Adani, 35, is currently the chief executive officer of Adani Ports and Special Economic Zone Ltd.
Ambuja Cements' revenue from operations was up 7.74 percent at Rs 6,647.13 crore during the quarter as compared to Rs 6,169.47 crore in the corresponding quarter of the previous financial year.
Analysts on average had expected the company, which is a unit of the world's largest cement maker LafargeHolcim Ltd, to post a profit of 2.95 billion rupees, according to Refinitiv Eikon data.
Hindalco has bagged two mines out of the 13 put on offer so far. On the second day of auction, Hindalco Industries had won Kathautia mine in Jharkhand. States, including Chhattisgarh, Jharkhand and West Bengal, are set to get over Rs 50,000 crore from the coal blocks sold in the ongoing auction, sources said.
Cement giant Holcim announced on Wednesday that it would increase its stake in Ambuja Cements Ltd as part of a restructuring of its operations in India