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India cement prices to remain under pressureThe short-term demand outlook for cement continues to remain weak and downward pressure on cement prices is expected to continue, an economic think-tank has said. The Government had, last month, ...News - 21 January 2009 |
Mangalam Cement up on buy-back approval, IndiaMangalam Cement rose 5.07 per cent to Rs 52.80 on Monday as the board approved a buy-back at a maximum price of Rs 75 per share. The stock has gained nearly 15 per cent in the last one month when ...News - 20 January 2009 |
FLSmidth to announce reduction in workforceDespite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to proactively reduce its workforce in order to create the necessary flexibility and be bet...News - 19 January 2009 |
FLSmidth to announce reduction in workforceDespite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to proactively reduce its workforce in order to create the necessary flexibility and be bet...News - 19 January 2009 |
India: ’Cement sector to see M&As by 2009-end’The Indian cement industry may witness M&A activity again by the end of 2009, say industry watchers. However, this time, valuations will be low and deals will be driven by a strategic desire to ex...News - 15 January 2009 |
India cement exports underwayWith the Indian government eliminating duties on cement exports and close to 1Mt have been put aside for export by March 20. Stating the above to Fars News Agency, Mohammad Hassan Pour-Khalil, th...News - 15 January 2009 |
Anil Ambani group to invest INR105bn in GujaratThe Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three accords worth Rs.105 billion (Rupees.10,500 crore/US$2.13bn) with the Gujarat government as part of its investment commitment ...News - 14 January 2009 |
No cure in sight for current market malaiseWhile the Cape shipping sector has been showing a modest rebound over the past two weeks, lower down the scale the reality is one of continuing bargain basement prices, despite some evidence of in...News - 14 January 2009 |
India: Dec cement surge could last up to MayThe Indian government’s stimulus package-driven boost to infrastructure has caused a demand pick-up in the cement sector. However, opinions are divided on whether this demand will sustain or fizzl...News - 13 January 2009 |
Lafarge sees larger pie from IndiaLafarge has said that the contribution of emerging markets such as India to its bottomline may be bigger in two years than previously estimated. "The share of growing markets such as India, China...News - 12 January 2009 |