Industry insiders expect the government to raise capex allocation to Rs 11.5 lakh crore, from Rs 11.1 lakh crore a year ago.
The Securities and Exchange Board of India (Sebi) is looking into the complaints in the multi-layered deal involving Swiss cement giant Holcim and its Indian subsidiaries Ambuja Cement and ACC.
In an interview to CNBC-TV18, Mihir Jhaveri, Religare Capital Markets speaks on the impact on Ambuja Cements and ACC on the back of the Holcim deal. He expects the stocks to underperform in the near-term.
SP Tulsian of sptulsian.com is cautious on Ambuja Cements and ACC. He expects flat kind of numbers, but maybe slight shrinkage on the sequential basis on the bottomline, he adds.
Since early last year they have preferred the developed markets over emerging markets and with the recent events in terms of time table for Fed tapering has reinforced that view, says Clive McDonnell.
The Supreme Court has directed 11 cement companies to deposit Rs 630 crore with COMPAT
The Competition Appellate Tribunal started hearings on the plea of 11 cement companies seeking stay on Rs 6,307 crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.