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Cement industry expected to grow 13% by volume in FY22: Crisil Ratings
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Cement sales likely to grow 13% in FY22: CRISIL- Business News
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Steel stocks rallied to fresh highs on Thursday on the back of price hikes and improvement in capacity utilisation. Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack. The stock gained 6.1 per cent intraday and touched a new 52-week high of Rs 725.70 on the Bombay Stock Exchange (BSE). The Jindal Steel & Power (JSPL) scrip touched Rs 300.90, JSW Steel Rs 412.95 and Steel Authority of India Ltd (SAIL) Rs 80.35. The rally is driven largely by successive increases in steel prices since July and spreads that are at multi-year high for the larger steel companies.
Mobile subscriber base to recover: Telecom analysts
As per the latest data furbished by TRAI, the mobile subscriber base has risen to 115.2 crore at the end of October 2020.
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Telecom analysts are of the opinion that India s wireless (mobile) subscribers count is back to recovery.
India s mobile subscriber base shrank by nearly 2 crore between March 20 and June 20. As per the Telecom Regulatory Authority s (TRAI s) subscription report for the month of June, India s mobile subscriber count stood at 114 crore during the peak of the Covid-19 pandemic in the country.
As per the telecom watchdog s March subscription report, India s mobile subscribers base was 116 crore at the end of FY20.
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