Author: Supriya Jena

  • ACC Ltd. Share Price Update: Key Insights and Latest Sales Figures

    ACC Ltd. Share Price Update: Key Insights and Latest Sales Figures

    As of 12:07 PM on Wednesday, ACC Ltd.’s share price has dropped by 1.4%, now sitting at Rs 1989.30. During the day, the stock reached a high of Rs 2024.95 and a low of Rs 1986.95. On the previous day, it closed at Rs 2017.60.

    So far, around 12,500 shares have been traded, with a total transaction value of Rs 0.88 crore. The stock is valued at a price-to-earnings (P/E) ratio of 18.32 and a price-to-book (P/B) ratio of 2.87. A higher P/E indicates that investors expect the company to grow, while the P/B ratio shows how much investors are willing to pay for the company’s assets, even if it doesn’t grow.

    ACC Ltd. is a part of the Cement industry in India. As of December 31, 2024, promoters hold 56.69% of the company’s shares. Foreign and domestic institutional investors own 5.14% and 24.56%, respectively.

    In its latest report for the quarter ending September 30, 2024, ACC Ltd. had sales of Rs 4772.11 crore. This is an 8.7% decrease from the previous quarter’s Rs 5226.61 crore, but a 2.74% increase compared to Rs 4644.78 crore from the same quarter last year. The company’s profit for this quarter was Rs 199.66 crore, which is a big jump of 48.52% from the same time last year.

  • MI Emirates Clinches Victory Over Abu Dhabi Knight Riders: Match Highlights

    MI Emirates Clinches Victory Over Abu Dhabi Knight Riders: Match Highlights

    Dubai, UAE: MI Emirates played a fantastic game on Tuesday at Sheikh Zayed Stadium, defeating the Abu Dhabi Knight Riders by 28 runs. Key players Romario Shepherd and Nicholas Pooran were crucial in this win, bringing the MI Emirates closer to the top of the league.

    Batting first, MI Emirates started strong with openers Kusal Perera and Muhammad Waseem scoring well. After a good partnership of 42 runs, Perera was out for 23 runs. Tom Banton came in next but scored only 9 before Waseem, who made 38 runs, was also dismissed.

    Skipper Nicholas Pooran struggled a bit but scored a decent 49 before being bowled out. Romario Shepherd joined Pooran in the later overs, and Shepherd played an amazing innings, hitting three sixes and four fours, finishing with an unbeaten 38 runs off just 13 balls. MI Emirates ended their innings with a total of 186 runs for 6 wickets.

    In response, the Abu Dhabi Knight Riders started quickly, but lost wickets regularly. Kyle Mayers scored 22 runs but was run out after a great fielding effort. After that, they struggled to keep up the scoring, falling to 56 runs for 4 wickets in the Powerplay.

    Even with Sunil Narine and Andre Russell trying to stabilize their innings, they couldn’t manage to chase down the target. Narine scored 13 runs, and Russell finished unbeaten on 37 runs. In the end, the MI Emirates claimed a comfortable victory.

    Romario Shepherd, named Player of the Match, said he felt calm knowing Pooran was at the crease. “We knew how important this game was. I was just trying to get to the last over and see what I could get,” he commented.

    Abu Dhabi Knight Riders’ captain Sunil Narine admitted they lost too many wickets but appreciated the good start they had. He said, “We need to get on top of the key moments.

  • IndiaMart’s Profits Rise, but Analysts Issue Warnings for Investors

    IndiaMart’s Profits Rise, but Analysts Issue Warnings for Investors

    On Wednesday, January 22, all eyes will be on IndiaMart Intermesh shares. The company recently announced that its profit for the last quarter, which ended on December 31, 2024, has jumped by 36%. They earned Rs 125 crore compared to Rs 92 crore from the same time last year.

    Their revenue also showed growth. IndiaMart made Rs 337 crore from its operations this quarter, which is a 16% increase from Rs 291 crore in the previous year. However, when compared to the last quarter (July to September), revenue only went up a little, by 1.6% from Rs 332 crore. It’s worth noting that the profit after tax (PAT) dropped a bit, by 1.6%, from Rs 127 crore in the previous quarter.

    What Analysts Think About IndiaMart’s Future

    Nomura’s Take:
    Nomura has changed its recommendation on IndiaMart to ‘Neutral’ and has lowered its target price to Rs 1900 from Rs 3150. They are concerned because the number of people paying for subscriptions has unexpectedly dropped, and there aren’t many new customers signing up. They also pointed out that too many customers are leaving, which could hurt future growth. Nomura expects that money coming in might stay weak for a while, and they have also lowered their profit estimates for the next few years by 4-13%.

    Nuvama’s Opinion:
    Nuvama has kept its recommendation at ‘Reduce’ and has also cut its target price, bringing it down to Rs 1970 from Rs 2500. They noted that for the first time since COVID, the number of subscribers has declined. The growth in money collections for their core business is weak at just 8% compared to last year. Nuvama expects that over the next few quarters, collections will grow by less than 10%. While cutting costs could help profits in the short term, they believe there’s no solid sign of keeping subscribers longer. Thus, they feel that future growth will likely face challenges.

    Disclaimer: Recommendations and opinions expressed by these experts are their own and do not reflect those of The Economic Times

  • Rubio Teams Up with Quad to Warn China on First Day as Secretary of State

    Rubio Teams Up with Quad to Warn China on First Day as Secretary of State

    On his first official day as Secretary of State, Marco Rubio spoke with leaders from Japan, India, and Australia. Together, they warned China about taking unfair actions in Asia, especially at sea. This meeting took place right after President Donald Trump was sworn in. Trump has promised to stand up to China, but his approach is different from his past comments about allies in Europe.

    Rubio and the leaders from the Quad, which includes Japan, India, and Australia, agreed to support a free and fair Indo-Pacific region. They want to make sure that countries follow the law and respect each other’s territory. They said, “We strongly oppose any actions that try to change things by force.”

    The leaders are also planning a meeting in India this year, which will show Trump’s support for that country as a partner against China. Trump had a good relationship with Indian Prime Minister Narendra Modi during his first term.

    Rubio also talked about the importance of looking out for Taiwan, which China wants to control. He said that while countries should work together, it’s also normal for there to be conflicts. He believes that the U.S. should always put its security first.

    As Rubio joined the State Department, some experienced diplomats left their jobs. He reassured his team that changes would happen but would not be harmful. He emphasized that the world is changing quickly, and the U.S. needs to keep pace.

  • Daily Horoscopes: Boost Your Day with Positivity and Success

    Daily Horoscopes: Boost Your Day with Positivity and Success

    Number 1 (Born on the 1st, 10th, 19th, or 28th): Today is a great day to work well with your teammates. If you help each other, you’ll be a better leader! Listen to your coworkers, stay calm if any problems happen, and work toward goals together.

    Number 2 (Born on the 2nd, 11th, 20th, or 29th): Today is the day to spread positive energy at work! Your skills can help keep everything on track. If challenges come, use your negotiation skills to find peaceful solutions. Stay focused, and everything will go smoothly.

    Number 3 (Born on the 3rd, 12th, 21st, or 30th): You will bring lots of happiness around you today! Share your ideas and inspire others with your charm. Stay confident today, and you’ll achieve what you want while keeping things balanced.

    Number 4 (Born on the 4th, 13th, 22nd, or 31st): Although today might seem ordinary, you have the energy to keep moving forward smoothly. Stay organized and make good decisions. Little progress is still progress, so keep an eye out for any issues.

    Number 5 (Born on the 5th, 14th, or 23rd): Today is full of energy, and you can easily tackle challenges. Use your problem-solving skills and let your quick thinking shine! Keep your focus on your goals, and you’ll find success.

    Number 6 (Born on the 6th, 15th, or 24th): Enjoy a day filled with love from friends and family. This will lift your spirits! In your work life, your dedication will help you achieve your goals, so mix work and family well.

    Number 7 (Born on the 7th, 16th, or 25th): Your career can move forward today. Trust your gut and make smart choices. Good vibes will surround you, so use your intuition to get great results.

    Number 8 (Born on the 8th, 17th, or 26th): Today is about getting things done! Your hard work and smart decisions will lead to good outcomes. Stay humble and listen to your instincts—great things are coming!

    Number 9 (Born on the 9th, 18th, or 27th): Today is lucky because you’ll be able to focus and get your work done well. Review your strategies and believe in yourself. Positive energy is around you, so ride this wave to achieve your goals easily!

  • Indian Stock Market Plummets: Major Losses and Tariff Concerns

    Indian Stock Market Plummets: Major Losses and Tariff Concerns

    On Tuesday, the Indian stock market closed lower, heavily influenced by big losses in major companies like Reliance Industries, ICICI Bank, and Zomato. The situation was made worse by concerns following U.S. President Donald Trump’s announcement of trade tariffs on neighboring countries shortly after he took office, which made investors nervous.

    The BSE Sensex, a key market index, dropped by 1,235.08 points (1.60%), ending at 75,838.36. The Nifty 50 index, another important measure, also went down, losing 320.10 points (1.37%) to close at 23,024.65.

    Analysts’ Thoughts:
    Vinod Nair, who leads research at Geojit Financial Services, said the market faced a tough day with a lot of ups and downs because of Trump’s tariff announcements. He noted that poor quarterly earnings reports and a weaker Indian Rupee (INR) might lead to more foreign investment outflows. Smaller stocks didn’t perform well either, and the real estate sector suffered due to disappointing forecasts. Banks were feeling pressure because of worries about bad loans, and the expectation of rising interest rates in Japan added to the market’s cautious mood.

    US Market Update:
    Meanwhile, on Wall Street, the main indexes saw slight gains as investors assessed Trump’s actions since his inauguration, particularly his plans for trade. He didn’t specify exact tariffs but hinted at possible duties on goods from Canada and Mexico starting on February 1. Investors are concerned that these tariff policies might lead to a global trade conflict and increase inflation.

    Technical Analysis:
    The Nifty started the day on a positive note but faced selling pressure and closed with a significant drop. Technical analyst Vatsal Bhuva pointed out that the Nifty stayed above a critical support level of 23,000 but is at risk of falling to pre-election levels if it closes below this mark.

    Most Active Stocks:
    In terms of trading volume, Zomato, Dixon Technologies, HDFC Bank, and ICICI Bank showed high activity, indicating they were among the most traded stocks on the NSE.

    Stocks with Buying Interest:
    Some companies, like Global Health and Aavas Financiers, saw strong buying interest from investors.

    Market Sentiment:
    Overall, market sentiment was negative, with most stocks declining. Out of 4,088 stocks traded on the BSE, 2,788 went down, while 1,187 improved, and 113 stayed the same.

  • Fed Faces Challenges: Inflation, Growth, and Trump’s New Policies

    Fed Faces Challenges: Inflation, Growth, and Trump’s New Policies

    After making progress on inflation and having strong economic growth for two years, the Federal Reserve is getting ready to meet soon. They have to consider new policies from President Trump and rising borrowing costs, which could affect the economy. Inflation has been slowly getting closer to the Fed’s goal of 2 percent, and instead of facing a recession, the unemployment rate dropped to as low as 3.4 percent before ending 2024 at 4.1 percent. This is close to what many experts believe is the healthiest level for the economy.

    In December, companies created over 250,000 jobs, showing that the economy is continuing to grow. However, new challenges may arise soon, such as changes in U.S. trade and immigration policies, which could lead to higher prices for goods and services. Also, bond investors are increasing interest rates, making loans more expensive for things like homes.

    The Federal Reserve is expected to keep the benchmark interest rate steady at 4.25 to 4.50 percent at their next meeting on January 28-29, especially after they decreased it by a full percentage point since September. Fed Chair Jerome Powell will discuss the outlook for the economy after the meeting.

    When President Trump was sworn in for a second term, he started making some changes like border security and energy policies but didn’t impose new import tariffs right away, which helped the dollar drop and stock markets rally. However, he did mention plans to impose duties on imports from Canada and Mexico soon, which could raise prices if they go through.

    Some Fed officials are already thinking about how Trump’s policies might affect the economy. For example, if fewer undocumented workers are around because of deportations, it could lead to higher wages and prices, especially in industries that rely on these workers.

    While bond yields are increasing, raising concerns about the economy and government borrowing, Fed officials still think there’s no urgent problem. They are keeping their options open about how to handle rising long-term yields, which could eventually affect the economy’s growth.

  • Kangra’s Bright Future: CM Sukhu Launches Major Development Projects

    Kangra’s Bright Future: CM Sukhu Launches Major Development Projects

    In Shimla, Chief Minister Sukhvinder Singh Sukhu recently kicked off four new development projects in Kangra, worth a total of ₹88.68 crore. He announced that a new office for the Jal Shakti department will be set up in the Kangra district. Speaking at a public meeting in Matour, Sukhu shared exciting news, such as new courses coming to Matour College and plans to improve water and electricity services in the area.

    He also mentioned that the construction of the Rajiv Gandhi Day Boarding School in Kangra would start soon. A new bridge over ‘Jalodi Khad’ will also be built. The Chief Minister promised that Kangra will see a lot of development over the next five years, making sure people have better access to water, healthcare, and other important services.

    Sukhu criticized the previous BJP government’s approach to education, which led to fewer kids enrolling in schools. He assured everyone that his government is focused on improving the education system for the future. He also explained that there are new rules to help evaluate the performance of all state government employees.

    He laid the foundation stone for sewerage projects worth ₹60.12 crore for the villages of Birta, Ghurkadi, Lalehd, Mataur, Natehad, and others. Additionally, he announced road improvements connecting several villages, costing ₹12.59 crore. Another project is a new power station at Daulatpur, which will be built with an investment of ₹10.81 crore. Lastly, he started work on a drinking water project for villages like Ichhi, Mataur, and Gaggal, costing ₹5.16 crore.

  • Trump Claims America Split the Atom—Kiwis Respond with Fury

    Trump Claims America Split the Atom—Kiwis Respond with Fury

    On his first day as president again, Donald Trump upset many people in New Zealand. He said in a speech that America was the first to split the atom, but this important discovery is actually credited to a famous New Zealander named Sir Ernest Rutherford.

    During his inauguration speech, Trump talked about America’s many achievements. He mentioned things like crossing tough land, ending slavery, and even sending people into space. However, he mistakenly said it was Americans who split the atom, which is a big scientific milestone.

    Nick Smith, the mayor of Nelson (Rutherford’s hometown), was shocked. He couldn’t believe Trump would say that. He posted on Facebook to correct this mistake and announced that he would invite the U.S. Ambassador to New Zealand to Rutherford’s memorial site.

    Ben Uffindell, a writer of a funny news site, also reacted with surprise, saying, “Trump just claimed that America split the atom. That’s OUR achievement!”

    Rutherford was born into a farming family, researched nuclear physics, and split an atom for the first time in 1917 in England. He won the Nobel Prize in Chemistry. Later, in 1932, he helped other scientists split the atom again. People call him the “father of nuclear physics” because of his great work.

    This isn’t the first time Trump made a mistake about who split the atom. He made a similar claim back in 2020 during a speech at Mount Rushmore. The U.S. did create the first atomic bomb as part of the Manhattan Project in the 1940s, but it wasn’t the first to split the atom.

  • Ng Kok Song’s SHIELD: Simple Steps to Healthy Aging

    Ng Kok Song’s SHIELD: Simple Steps to Healthy Aging

    What’s the key to staying energetic, healthy, and mentally sharp as you get older? Ng Kok Song, a 76-year-old financier from Singapore, believes he knows the answer! As a successful entrepreneur and former Director at the Monetary Authority of Singapore, he shares his wisdom about healthy living through a simple guide called SHIELD. Here’s what each letter stands for and how it can help you live a vibrant life.

    – S: Sleep
    Ng says getting good sleep is super important! Aim for at least seven hours each night. Sleep helps your body recover, sharpens your thinking, and keeps you emotionally strong. Try to go to bed and wake up at the same time every day for better focus and productivity.

    – H: Handling Stress
    Managing stress is essential for staying healthy, both physically and mentally. Ng suggests spending ten minutes a day meditating to calm your mind. Meditation can help you feel more relaxed and ready to handle life’s ups and downs.

    – I: Interaction
    Connecting with people is vital for your happiness and mental health. Ng believes in building meaningful relationships. Whether it’s joining a group hobby or spending time with friends, being social can help you feel more connected and keep your mind active.

    – E: Exercise
    Staying active is a key part of Ng’s formula. He enjoys playing tennis, swimming, golfing, walking, and gardening. These activities improve your heart health, strength, and flexibility. Plus, gardening is fantastic for relaxing and enjoying nature!

    – L: Learn
    Ng shares that learning new things keeps your mind sharp. He believes in lifelong learning, and he’s even picking up video editing! Learning new skills helps you grow and adapt to changes in life.

    – D: Diet
    Eating well is crucial for staying healthy. Ng recommends filling your plate with fruits, vegetables, and low-sugar foods while cutting back on carbs. A healthy diet keeps your energy up and helps prevent diseases. Nutrient-rich foods give you the vitamins and antioxidants you need to feel great!

    By following the SHIELD approach, you can enjoy a healthier, happier, and sharper life as you age