Ambuja Cements, owned by the Adani Group, reported a 24% on-year jump in consolidated net profit, reaching ₹970 crore, driven by record sales volume and revenue exceeding ₹10,000 crore. Despite strong performance, the bottom line fell short of market expectations, leading to a share price decline. The company’s market share also improved, supported by increased production capacity.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of