Ambuja Cements announced strong March quarter earnings. Net profit surged over 37 percent year-on-year. This growth was significantly boosted by a substantial tax credit. Sales volume reached an all-time high, alongside record revenue. The company noted ongoing cost pressures from fuel and packaging. These challenges are expected to persist into the first half of FY27.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to