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The Economic Times

ACC shares fall 1.6 per cent in Thursday's trading session

The Relative Strength Index of the stock stood at 50.35 on Thursday.

Business Standard

Sebi remains bullish on Reit market in India, says WTM Ashwani Bhatia

WTM Ashwani Bhatia says benchmarking to bring accuracy, efficiency, and more customers into its fold

The Economic Times

ACC shares up 0.31% as Nifty gains

A total of 2,297 shares changed hands on the counter till 10:34AM (IST).

The Economic Times

Combating counterfeit protein supplements: How genuine brands can lead the fight

The Indian protein supplement market faces challenges with nearly 70% of products containing incorrect information or harmful contaminants. The FSSAI has announced stricter regulations to ensure product safety and accuracy. Industry leaders emphasize the importance of transparency, quality control, and consumer education to combat counterfeit products and maintain trust.

The Economic Times

ACC shares drop 0.34% as Sensex rises

A total of 3,301 shares changed hands on the counter till 01:54PM (IST)

Business Standard

Sri Lanka's JVP vows to cancel Adani wind energy project if elected

The Marxist Janatha Vimukthi Peramuna (JVP) on Monday vowed to cancel the Adani Group's wind power project in Sri Lanka if it gets elected in the presidential election scheduled for the weekend. JVP leader Anura Kumara Dissanayake, the presidential candidate from the broader front National People's Power (NPP), told a political chat show here that they would annul the project. Asked if the project posed a threat to the island nation's energy sector sovereignty, Dissanayake said: Yes. We will definitely cancel it as it threatens our energy sovereignty." The JVP, which led a bloody anti-India rebellion in the island nation between 1987 and 1990 following India's direct intervention in the Lankan civil war through the Indo-Lanka Peace Accord, is believed to be leading in the unofficial polls ahead of the September 21 election. The JVP dubbed the Indo-Lanka Accord a betrayal of the nation and killed the then-ruling party members, supporters and other political activists who supported t

The Economic Times

ACC share price down 0.09 per cent

A total of 2,875 shares changed hands on the counter till 11:51AM (IST).

The Economic Times

Adani Energy was among top buys for mutual funds in August, ACC top reduction by this MF

Mutual funds bought 1.6 crore shares of Adani Energy Solutions in August, valued at Rs 1,330 crore. Other Adani Group stocks like APSEZ, Ambuja Cements, and ACC also saw mutual fund interest. SBI Mutual Fund was a major buyer of Adani Energy, acquiring 73.73 lakh shares. Tata MF and Nippon MF also purchased Adani Energy shares.

The Economic Times

ACC shares up 1.24% as Nifty drops

A total of 4,412 shares changed hands on the counter till time (IST).

The Economic Times

ACC share price up 0.62 per cent

A total of 2,894 shares changed hands on the counter till 01:43PM (IST).

The Economic Times

Add ACC, target price Rs 2933: ICICI Securities

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 45896.15 Crore) operating in Cement sector.

The Economic Times

McDonald’s rolls out kiosks that take cash, pushing diners away from cashiers

McDonald's is advancing towards a future with minimal human cashiers by introducing new digital ordering stations in the US. These stations, which can handle cash transactions and provide change, aim to reduce reliance on cashiers. Although human workers will remain in roles like food delivery and customer service, the new setup encourages customers to use kiosks or mobile apps, thus speeding up service and improving accuracy.

Mint

Seeking value in ITC and Godfrey Phillips? Tobacco stocks gain momentum in FMCG play

Despite lacklustre growth outlook, tobacco companies have become attractive investments. With nearly 60% return in the last six months, firms like ITC and Godfrey Phillips are capitalizing on the premiumisation trend

The Economic Times

ACC shares drop 0.25% as Sensex rises

A total of 8,287 shares changed hands on the counter till 01:35PM (IST)

Mint

Stocks to buy: CreditAccess Grameen, Ujjivan SFB among three microfinance stock picks by Axis Securities

Stocks to buy: Axis Securities lists three stocks to buy in the microfinance sector. Check out its top picks in the sector:

The Economic Times

Share price of ACC jumps as Sensex drops 947.58 points

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

Business Line

Government selects Reliance Industries for 10-GWh ACC battery unit

The Ministry of Heavy Industries said that all seven bids were evaluated, and six companies were shortlisted for financial evaluation

The Economic Times

AI tool achieves 94% accuracy in telling apart fake from real research papers

For developing the AI-based algorithm, the researchers developed two distinct datasets. One of them contained almost 4,000 scientific articles taken from PubMed, an open database housing biomedical and life sciences research papers and maintained by the US National Institutes of Health.

The Economic Times

Federal Bank, ACC among 5 stocks with short covering

Short covering occurs when traders repurchase shares they had previously sold short, typically in response to a change in market sentiment or new information. This action often leads to a reduction in open interest and can cause the stock price to rise. On Monday, five stocks experienced short covering during the trading session.

The Economic Times

ACC shares up 0.08% as Nifty gains

A total of 4,368 shares changed hands on the counter till 12:08PM (IST).

Business Standard

BPCL planning to setup refining-cum-petrochemical complex in 5-7 years

State-owned Bharat Petroleum Corporation Ltd (BPCL) is exploring setting up an oil refining and petrochemical complex over the next 5-7 years as it steps up capacity to meet India's rising energy demand, chairman G Krishnakumar told shareholders on Friday. BPCL, which lost one of its four oil refineries to Oil India Ltd in the aborted privatisation plan, has lined up Rs 1.7 lakh crore of investment for expanding its core oil refining and fuel retailing business as well as in new energy ventures. "To meet the anticipated demand beyond our planned expansions in Bina and Kochi (refineries), we are actively evaluating options for setting up additional integrated refining and petrochemical capacities within the next 5-7 years," he said. BPCL had to give up its Numaligarh refinery in Assam to OIL when the government was attempting to privatise the company. The transfer was to keep the Numaligarh unit within public sector to honour Assam accord. But BPCL privatisation was aborted due to la

The Economic Times

IRMS officer Satish Kumar becomes first Dalit chairman of Railway Board

Jaya Varma Sinha, who is the current chairperson and CEO of the board, is superannuating on August 31 and Kumar's appointment will be effective from September 1. "The Appointments Committee of the Cabinet (ACC) has approved the appointment of Shri Satish Kumar, Indian Railway Management Service (IRMS), Member (Traction & Rolling Stock), Railway Board to the post of Chairman & Chief Executive Officer (CEO), Railway Board," a govt order said.

The Economic Times

Share price of ACC rises as Nifty strengthens

A total of 2,782 shares changed hands on the counter till 11:32AM (IST).

The Economic Times

ACC shares rise 0.32% as Nifty gains

The stock quoted a 52-week high price of Rs 2843.0 and a 52-week low of Rs 1803.8.

The Economic Times

New platform to help auditors, banks verify key company information online

From next month, companies will be encouraged to allow banks and auditors to upload information on funds and borrowings to a new online platform by the National e-Governance Services. This change is poised to reduce risks of number tampering and increase audit accuracy, while keeping data confidential.

Business Standard

USFDA pulls up Eugia for manufacturing lapses at its Telangana plant

The US health regulator has pulled up Aurobindo Pharma's subsidiary Eugia for manufacturing lapses at its Telangana-based plant. In a warning letter to Eugia Pharma Specialities CEO Yugandhar Puvvala, the US Food and Drug Administration (USFDA) pointed out that the company failed to ensure the accuracy of data for production and process simulation. "Your firm failed to ensure that laboratory records included complete data derived from all tests necessary to ensure compliance with established specifications and standards," USFDA stated. The US health regulator said it inspected the Patancheru (Mandal), Sangareddy, Hyderabad-based plant from January 22 to February 2, 2024. "You failed to ensure the accuracy of data in records for both production and process simulations (media fills)," USFDA noted. Besides, the operators also falsified environmental monitoring records for the multiple aseptic filling lines, including for viable active air samples and non-viable particle counts which

The Economic Times

USFDA pulls up Eugia for manufacturing lapses, data accuracy at Hyderabad plant

The US Food and Drug Administration (USFDA) has issued a warning letter to Eugia Pharma Specialities, a subsidiary of Aurobindo Pharma, citing significant manufacturing issues at its Telangana plant. The USFDA's inspection from January 22 to February 2, 2024, revealed problems including inaccurate production and process simulation data, falsified environmental monitoring records, and incomplete batch production and control records.

Mint

Landmark Cars, Creditaccess Grameen & others hit 52 week low today ;Check the full list here?

Following shares hit their 52 week low today - Landmark Cars, Creditaccess Grameen, Spandana Sphoorty Financial, Kolte Patil Developers, Equitas Small Finance Bank

Business Standard

Ambuja-ACC plans to set up Rs 1,000 crore offices in Ahmedabad, Delhi

Part of the capex, company executives informed, will be Rs 600-700 crore for a cement house in Ahmedabad

Mint

Ola's navigation map: MapmyIndia CEO Rohan Verma dismisses claims as ‘announcements, gimmicks,’ raises quality concerns

A war of words has erupted between MapmyIndia and Ola over the latter's claims of developing a new navigation map for India. MapmyIndia CEO Rohan Verma has openly questioned the legitimacy of Ola's announcement, calling it a gimmick and raising concerns about its quality and accuracy.

Business Standard

Major cement companies report volume growth in Q1, revenue remains muted

Leading cement manufacturers reported single-digit volume growth in the June quarter, though their topline was muted on account of the continued downtrend in the price. Listed manufacturers such as UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat - in their latest quarter earnings reported gains in volumes, ranging from 3 to 9 per cent and increase in capacity utilisation. However, soft cement prices have put their topline under pressure in the April-June period. Besides, raw material costs went up marginally due to an increase in the cost of fly ash and slag. The all-India average cement price was at around Rs 348 per 50 kg bag in June 2024, down around 3 per cent year-on-year. However, this was higher when compared to Rs 335 per bag in May 2024. For the first two months of FY25, the average cement price was at Rs 340 per bag, down 8 per cent YoY. In FY24, the average price was Rs 365 per bag and Rs 375 per bag in FY23, according to the report. Moreover, intense .

The Economic Times

Major cement companies report volume growth in June qtr, revenue remains muted due to lower price

Major cement companies in India reported slight volume growth in the June quarter amid falling prices and higher raw material costs. UltraTech, Ambuja Cements, and ACC saw increased sales and capacity utilization. Nonetheless, overall revenue growth was limited, and construction activities slowed due to intense heatwaves and elections, hurting profits.

The Economic Times

ACC shares gain 0.64% as Sensex rises

On the technical charts, the RSI of the stock stood at 56.91.

The Economic Times

RBI makes adverse remarks against top PSU Bank Exec

In a rare move, the Reserve Bank of India (RBI) has raised concerns about Asheesh Pandey's conduct as an executive director at Bank of Maharashtra, influencing his candidacy for MD & CEO at Indian Bank. The RBI highlighted issues related to regulatory compliance during a 2023 exit meeting. Despite being shortlisted, Pandey's final approval hinges on the Appointments Committee of the Cabinet (ACC), which includes the Prime Minister and Home Minister. The decision awaits responses from the finance ministry and Department of Personnel and Training (DoPT) following RBI's communication.

The Economic Times

4 reasons why MFs are stocking up on CreditAccess Grameen and other microfinance lenders

The mutual fund holding in microfinance lenders like CreditAccess Grameen and Fusion Micro has been on a rise despite the stocks underperforming the benchmark. Here are the reasons why fund houses are bullish on them.

Business Standard

ABB technology selected by Mahindra & Mahindra for new EV paint facility

Mahindra & Mahindra (M&M) has selected ABB's PixelPaint technology for its new electric vehicle paint facility, ABB said on Wednesday. The deployment of the technology also includes 42 robots from the IRB 5500 family making M&M the first OEM in India to use PixelPaint technology for the painting of contrasting roofs and pillars, ABB said. PixelPaint consists of a paint head with more than 1,000 tiny, individually controlled nozzles, mounted on an ABB robot, the company said in a statement. "Our PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention," said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. "By deploying PixelPaint-equipped robots in dedicated cells, Mahindra's paint shop will be able to apply finishes such as contrasting roof and pillar treatments on its new line of EVs in a completely automated ...

The Economic Times

ITC to double raw tobacco exports to BAT by 2025-26

ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore by 2025-26. This move follows a decline in exports last fiscal. The proposal requires shareholder approval due to its scale and related-party nature under SEBI regulations.

Business Standard

Google adds Tulu to its translation services, community says 'great honour'

In a significant stride towards preserving and promoting regional languages, Google has added Tulu to its translation services. Tulu joins 110 new languages on Google Translate from June 27, marking a historic moment for the millions of people who speak this language. This addition allows users to easily translate Tulu words and phrases, enhancing the accessibility and understanding of this cherished language. The Tulu-speaking community, which has long sought greater recognition for their language, is celebrating this achievement as a major honour, especially since Tulu is not officially recognised in the Eighth Schedule of the Indian Constitution. While the initial translations for Tulu on Google Translate may contain some errors, the system is expected to improve over time. Users are encouraged to provide accurate translations in the feedback section to help refine and enhance the service's accuracy. Google's inclusion of Tulu leverages advanced Natural Language Processing (NLP)

The Economic Times

US Treasury finalizes new crypto tax reporting rules

The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future.

Business Standard

Centre looks to standardise breath analyser equipment to ensure accuracy

The new set of rules provides for various types of tests to ensure the correctness of the instrument