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Cement shares in demand; UltraTech, ACC, Ambuja hit record highs

Cement shares in demand; UltraTech, ACC, Ambuja hit record highs

Shares of cement makers were in demand with frontline stocks such as UltraTech Cement, ACC and Ambuja Cements all hitting their respective all-time highs on the BSE in the intra-day trade. The buying interest at these counters can be attributed to expected rise in cement demand as per market analysts, post easing of localised curbs and monsoon.

Among individual stocks, UltraTech Cement hit a record high of Rs 7,931, up 2 per cent in intra-day trade. Ambuja Cements ( up 2 per cent at Rs 430.35) and ACC (up 2 per cent at Rs 2,469) too hit new highs, surpassing their previous highs recorded on August 4, 2021.

Kitex Garments surges 10% as Telegana government approves expansion plan

Kitex Garments surges 10% as Telegana government approves expansion plan

Shares of Kitex Garments hit the 10% upper circuit at Rs 164.10 on the BSE this morning after the company announced that Telegana government has approved its expansion plan.

The proposal submitted by Kitex Garments before Government of Telegana towards expansion plan has been approved, the company said in exchange filing. The Government order will be issued within a few days, it added.

Rupee appreciates 6 paise to 73.02 against US dollar in early trade

Rupee appreciates 6 paise to 73.02 against US dollar in early trade

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the rupee opened at 73.04 against the dollar, then surged higher to 73.02, up 6 paise over its previous close.

Carmaker Mahindra warns of 20% dip in production hit due to chip shortage

Carmaker Mahindra warns of 20% dip in production hit due to chip shortage

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages.

Car makers across the world have been hit by semiconductor shortages and warned of further pain due to stiff competition from the sprawling consumer electronics industry for chip deliveries.

Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready

Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready

Amazon, the world’s largest online retailer, will host its first-ever Career Day in India on September 16. This virtual and interactive event will bring together Amazon leadership and employees to share what makes Amazon an exciting workplace. The company would also showcase how it is steadfast in its commitment to help India unleash its true potential in the 21st century.

Amazon said it is currently hiring for more than 8000 direct job openings across 35 cities in the country, including cities like Bengaluru, Hyderabad, Chennai, Gurgaon, and Mumbai.

Oyo launches self-onboarding tool for hotels to list in 30 minutes

Oyo launches self-onboarding tool for hotels to list in 30 minutes

Oyo on Wednesday launched ‘Oyo 360-a self-onboarding tool’ for its prospective patrons, including small hotel, home-owners and the ex-Oyo patrons who have been impacted by Covid-19 to boost their revenues and increase profits.

With Oyo 360, the company will fast-track onboarding in 30 minutes from the current time of 15 days. This is a significant initiative under Oyo's increased focus on building a technology focused company.

Japan: Black particles found in Moderna vaccine, batch put on hold

Japan: Black particles found in Moderna vaccine, batch put on hold

Japan has put on hold a batch of Moderna's Covid-19 vaccine after a pharmacist saw several black particles in one vial of the vaccine.

The pharmacist saw some foreign substance in one vial of the vaccine in Kanagawa Prefecture while checking it before use, according to authorities.

Taliban likely to announce Afghanistan's new cabinet either today or tomorrow

Taliban likely to announce Afghanistan's new cabinet either today or tomorrow

The Taliban 2.0 government is in the final stages of formalization with the first announcement of the new Cabinet of Ministers expected to happen in the next 24 to 48 hours.

Taliban chief Hibatullah Akhundzada is expected to reach Kabul today with the outfit likely to announce the new Cabinet of the Afghanistan government as early as today evening or tomorrow, according to a Hindustan Times report. Akhundzada is currently in Kandahar.

GMR to invest Rs 500 cr in metro rail link project to Hyderabad Airport

GMR to invest Rs 500 cr in metro rail link project to Hyderabad Airport

The GMR group which is operating Rajiv Gandhi International Airport (RGIA) here will be investing over Rs 500 crore in a Rs 5000 crore metro rail link project being proposed by the Telangana government for connectivity to the aerodrome from various parts of the city.

According to a consultation paper on the tariff revision for the third control period (April 2021 to March 2026) proposed by GMR Hyderabad International Airport Ltd, issued by Airports Economic Regulatory Authority the aerodrome operator will be investing Rs 519.52 by 2024.

Coal India starts pilot project to replace diesel with LNG in dumpers

Coal India starts pilot project to replace diesel with LNG in dumpers

State-owned CIL on Wednesday said it has begun the process of retrofitting LNG kits in its dumpers -- big trucks engaged in transportation of coal, a move that will help the PSU to save around Rs 500 crore annually.

In a big push to reduce its carbon footprint, national miner Coal India Ltd (CIL) has initiated the process of retrofitting Liquefied Natural Gas (LNG) kits in its dumpers, the company said in a statement.

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