Rise in cement prices crucial to prop up UltraTech stock https://ift.tt/NltuIbm 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.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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