How Srinivasan failed shareholders

The company's stock price has appreciated at a compound annual growth rate of 18.3 per cent, the lowest among all industry peers. India Cements shareholders, it seems, have paid a heavy price for......

Competition watchdog bites Rs 6,300 cr off cement firms

In a first-of-its kind order, the competition watchdog on Thursday imposed a penalty of Rs 6,307.32 crore on 10 top cement companies, accusing them of creating a cartel. Those penalised include......

Budget a boon to India's cement sector

The Indian cement industry with a total capacity of about 200 m tonnes (MT) in FY09 is the second largest market after China. Although consolidation has taken place in the Indian cement industry......

Banking, IT stocks pull down Sensex

The Sensex opened flat at 8,942 - down two points. The index after marginally shaky start firmed up and rallied past the 9,000-mark to a high of 9,024.The index however could not hold gains for......