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India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

India Cements' profit rose to Rs 71.43 crore during the second quarter from Rs 8.72 crore, a year ago, while revenue dropped to Rs 1,069.72 crore from Rs 1,245.72 crore, a drop of 14 per cent.

The drop in volume by 21 per cent year on year meant a loss of more than Rs 68 crore in contribution but on the back of improved realisation and with the reduction in overall expenditure, the EBIDTA was substantially improved to Rs 240 crore as compared to Rs 150 crore in the previous year, an increase of 60%. On QoQ basis also the EBIDTA improved by 51%.

SBI Cards trades higher for fifth straight day; stock gains 3%

SBI Cards trades higher for fifth straight day; stock gains 3%

Shares of SBI Cards and Payment Services were up 3 per cent at Rs 855 on the BSE on Friday, gaining 4 per cent in the past two trading days after the company said it has launched credit cards in partnership with the digital payment platform Paytm.

The stock was trading higher for the fifth straight days and up 7 per cent during the week, as compared to 5 per cent rise in the S&P BSE Sensex.

Telangana logs 1,602 new Covid-19 cases, four deaths take toll to 247,284

Telangana logs 1,602 new Covid-19 cases, four deaths take toll to 247,284

Telangana reported 1,602 fresh COVID-19 cases taking the tally to2,47,284 while fourmore deaths pushed the toll to 1,366, the state government said on Friday.

Greater Hyderabad Municipal Corporation (GHMC) accounted for the most number of cases with 295, followed by Medchal Malkajgiri (137) and Rangareddy (118) districts, it said in a bulletin, providing data as of 8 PM on November 5.

TV networks cut away from Trump as he made baseless claim of election fraud

TV networks cut away from Trump as he made baseless claim of election fraud

ABC, CBS and NBC all cut away from President Donald Trump as he spoke from the White House to make an unfounded accusation that the presidential election was being stolen from him.

Trump on Thursday tried to commandeer the nation's airwaves at a time when the evening newscasts are shown on the East Coast, after a day when the slow drip of vote counting revealed his leads in Pennsylvania and Georgia dwindling.

575 students, 829 teachers test COVID-19 positive after schools reopen in Andhra, govt says 'not alarming'

575 students, 829 teachers test COVID-19 positive after schools reopen in Andhra, govt says 'not alarming'

Even as Karnataka draws inspirations and studies the Andhra model to reopen schools and colleges in the state, shocking data of Covid-19 cases among students and teachers will definately make it rethink whether to work on the same model.

In a shocker, at least 575 students and 829 teachers tested positive for COVID-19 in Andhra Pradesh after the state government reopened schools from November 2 for classes 9, 10 and intermediate.

Asian shares near a three-year peak, dollar soft in US deadlock trade

Asian shares near a three-year peak, dollar soft in US deadlock trade

NEW YORK (Reuters) - A gauge of Asian shares was set to cling to a near three-year peak while the dollar stayed sluggish on Friday as the prospect of a divided U.S. legislature dimmed the chance of major policy changes, lifting risk appetite.

Brushing aside the uncertainty of an exceedingly close U.S. presidential election, investors overnight snapped up riskier assets such as the Australian dollar , which jumped to a six-week high before running into profit-taking in early Asian trade.

RIL gains 3% as Saudi fund invests Rs 9,555 crore in Reliance Retail

RIL gains 3% as Saudi fund invests Rs 9,555 crore in Reliance Retail

Shares of Reliance Industries (RIL) rose 3 per cent to Rs 2,013.75 on the BSE on Friday after the company said that Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 9,555 crore ($1.29 billion) for 2.04 per cent equity stake in its retail arm.

This investment values Reliance Retail Ventures (RRVL) at a pre-money equity value of Rs 4.587 trillion ($62.4 billion). This investment would further strengthen PIF’s presence in India’s dynamic economy and promising retail market segment, RIL said in media release.

US elections 2020: Trump loses court battles in Georgia, Michigan; vows legal fight in Nevada

US elections 2020: Trump loses court battles in Georgia, Michigan; vows legal fight in Nevada

In a major blow in the US Presidential Elections 2020, Donald Trump’s campaign lost court rulings in the closely-contested states of Georgia and Michigan on Thursday, even as it vowed to bring a new lawsuit challenging what it called voting irregularities in Nevada.

In the Georgia case, the campaign alleged 53 late-arriving ballots were mixed with on-time ballots. In Michigan, it had sought to stop votes from being counted and obtain greater access to the tabulation process.

India adds 50,209 new cases, 704 deaths in one day; tally reaches 83.6 lakh

India adds 50,209 new cases, 704 deaths in one day; tally reaches 83.6 lakh

With a fresh spike of 50,210 coronavirus infections and 704 deaths in 24 hours, India's tally on Wednesday rose to 83,64,086, said the Union Ministry of Health and Family Welfare.

Delhi recorded a single-day spike of 6,842 COVID-19 cases on Wednesday, the highest so far, taking the total Delhi tally to 4,09,938.

Amazon India signs agreement with Silk Mark Organisation of India

Amazon India signs agreement with Silk Mark Organisation of India

Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI).

As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark labelled products through multiple sellers associated with the organisation, a statement said.

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