for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BUZZ-Indian cement companies rise on hopes of budget boost

** Shares of Indian cement companies rise ahead of the Feb 29 Union Budget amid hopes of an increase in infrastructure spending

** UltraTech Cement is up 1.7 pct, Ambuja Cements 0.5 pct, JK Lakshmi Cement 2.3 pct and Shree Cement 1.3 pct

** HSBC expects the government to increase infrastructure spending by 29 pct this year including for smart cities and low cost airports

** Also cites potential cut in excise duty to 6 pct from 12.5 pct (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up