Thu, Apr 18, 2024 9:49 AM
Ambuja Cement shares gain after Adani family raises stake to 70.3%
A Flip by Avya Verma
India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China, a source with direct knowledge of the matter said, turning down requests from small steel producers.China typically accounts for more than 90% of overall shipments of iron ore from India which is the world's fourth-largest producer of the steel-making ingredient.
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Snap Inc. (NYSE: SNAP) is the parent company of social media platform Snapchat, and its stock is trading 82% below its all-time high, which was set in 2021. A couple of things happened. Valuations in the technology sector cooled off when the Nasdaq-100 plunged 33% in 2022, and soaring interest rates triggered a slowdown in the advertising industry.
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Adani Wilmar on May 1 reported a 59 percent surge in net profit at Rs 156 crore for the quarter ended 31 March, 2024. The Gautam Adani company had posted a net profit of Rs 98 crore in the year-ago period.Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, sells edible oil variants, including mustard, sunflower and soyabean.
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