News Overview

With the impending elections in Q1 and monsoons in Q2, cement demand could see some moderation. But, with the current government most likely continuing, the focus on infrastructure spends and affordable housing should remain intact; driving cement demand over the medium term. Thus analysts of IIFL Capital Services maintain their positive view on the sector and BUY on UltraTech Cement, Dalmia Bharat and JK Lakshmi.

Traders dealing with indices do not face security ban situations.

A $500 million syndicated term loan (USD 400 million plus USD 100 million for Green Shoe) would be drawn down over two years, with terms of three and five years each.

With general elections just a month away, the RBI may prefer status quo across all monetary variables.

Based in Ahmedabad, the company reported a net profit of ₹19.24 Crore in FY23, marking a compound annual growth rate (CAGR) of 29.21% during FY21-FY23.

Subscriptions for SRM Contractors' Initial Public Offering (IPO) were accepted from March 26 to March 28. On April 1, the IPO allotment was completed, and on April 3, the shares were listed.

75% of the offer has been allotted to QIBs, 15% to NIIs, and 10% to retail investors.

Asian equities soared on Thursday as U.S. rate cuts remained on the table, even if their timing was uncertain, while the yen fell against all currencies save the dollar, boosting Japanese stocks.

According to IndiGo, this reciprocal agreement would let both carriers offer their clients smooth connections in addition to an integrated travel schedule and other benefits.

According to preliminary data, gross advances increased by 20% to ₹2,12,758 Crore in the March FY24 quarter, with retail credit book growing by 25% and wholesale credit book increasing by 15%.