Dalmia Bharat, led by Puneet Dalmia, is investing ₹3,520 crore to increase its cement capacity to 55.5 million tonnes annually due to rising demand in India. Despite a price war affecting margins, Dalmia Bharat aims to strengthen its market position with expansions in Maharashtra and Karnataka, enhancing its nationwide presence in the competitive sector.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict.