Rise in cement prices crucial to prop up UltraTech stock

In the post-earnings’ conference call, the management emphasised on the necessity to increase cement prices to deal with high fuel prices. Without that, there will be pressure on operating profit margins.

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Dollar jumps after strong US payrolls report

The US dollar index jumped significantly following the Labor Department’s report indicating an increase of 165,000 jobs last month, which far exceeded economists’ forecasts. As