Gold
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.
Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..
Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits
india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.
The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..
Indian Railways Refutes Closure Speculations for Palakkad Division
Indian Railways has issued a statement refuting speculations about the closure of the Palakkad Division, aiming to address concerns and rumours circulating regarding its operational future. This assertion comes amidst heightened speculation and concerns within the railway community and local stakeholders regarding the division's fate.
The Palakkad Division, located in Kerala, holds significant importance within the Indian railway network, serving as a crucial link in the southern region's transportation infrastructure. Its closure would have widespread implications for both passenger a..
