‘Cement offtake down by 25% in April-June’

The second wave of Covid-19 has adversely impacted the domestic cement sale in the April-June quarter, reducing 25 per cent on a quarter on quarter basis but a pent-up demand is expected to push the volumes starting July-September quarter, according to a report. Continue Reading

Visas suspension by US ‘mildly negative’ for Indian IT firms: Analysts

The US move to suspend work visas like H-1B till year-end may hurt the Indian IT firms slightly, according to credit rating agency ICRA. Continue Reading

Coal shipment floats high by 15.25% to 29 million tonnes

Coal shipments handled by India’s 12 major state-run ports during April-September rose by 15.25 per cent to 29.29 million tonne (MT), according to a ports’ body. The state-run ports had handled 25.41 MT of coking coal cargo in the corresponding period of the previous fiscal. Continue Reading