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Collusion ruling looms large over cement makers
Cement makers fall on fears the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices. CCI on Monday imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement makers. ACC fell 1.9 percent, while Ambuja Cements lost 2.8 percent. India Cements was down
Cement makers fall on fears the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices. CCI on Monday imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement makers. ACC fell 1.9 percent, while Ambuja Cements lost 2.8 percent. India Cements was down
Asia stocks fall as Europe debt turmoil grows
Unsettling news about Europe's debt crisis and disappointing U.S. corporate earnings weighed on Asian stock markets Tuesday.
Unsettling news about Europe's debt crisis and disappointing U.S. corporate earnings weighed on Asian stock markets Tuesday.
Holcim does better than UltraTech in 2011-12
Swiss cement major Holcim’s India arm has beaten domestic giant UltraTech, once again, in financial year 2011-12. At a time when the Indian cement sector managed to slightly better its
Ambuja Cements scores over ACC
Ambuja Cements reported better performance than ACC in the recently concluded March quarter, despite being a regional player. Production discipline within the industry also helped maintain a healthy
Ambuja Cements reported better performance than ACC in the recently concluded March quarter, despite being a regional player. Production discipline within the industry also helped maintain a healthy
India's UltraTech Q4 net up 19 pct; sees margin pressure
MUMBAI, April 23 (Reuters) - UltraTech Cement, India's largest cement company, on Monday warned high input and energy costs would squeeze margins going forward, after posting a 19 percent rise in
MUMBAI, April 23 (Reuters) - UltraTech Cement, India's largest cement company, on Monday warned high input and energy costs would squeeze margins going forward, after posting a 19 percent rise in
UltraTech Q4 net up 19 pct; sees margin pressure
MUMBAI (Reuters) - UltraTech Cement, India's largest cement company, on Monday warned high input and energy costs would squeeze margins going forward, after posting a 19 percent rise in its fiscal
MUMBAI (Reuters) - UltraTech Cement, India's largest cement company, on Monday warned high input and energy costs would squeeze margins going forward, after posting a 19 percent rise in its fiscal
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