Cement Manufacturing
Search documents
Fortera Secures Microsoft Funding for Low-Carbon Cement Production
Businesswire· 2025-09-23 10:00
Core Insights - Microsoft has made an investment in Fortera, a green cement manufacturer, to support the construction of its full-scale commercial facility [1] Company Summary - Fortera is focused on producing green cement, with plans for a facility capable of producing 400,000 tons per year [1]
Stock markets rally in early trade amid US trade talk optimism
BusinessLine· 2025-09-17 04:50
Market Performance - Benchmark equity indices Sensex and Nifty experienced a rally, with Sensex increasing by 262.74 points to 82,643.43 and Nifty climbing 85.25 points to 25,324.35 in early trade [1] - On the previous day, Sensex rose by 594.95 points or 0.73% to settle at 82,380.69, while Nifty increased by 169.90 points or 0.68% to 25,239.10 [7] Key Gainers and Laggards - Major gainers in the Sensex firms included Bharat Electronics, UltraTech Cement, Trent, Larsen & Toubro, Tata Consultancy Services, HCL Tech, Infosys, and Tech Mahindra [2] - Laggards included Adani Ports, Mahindra & Mahindra, Tata Steel, and Eternal [2] Trade Agreement Discussions - Positive discussions were held with a visiting US team regarding a bilateral trade deal, with both sides agreeing to push for an early and mutually beneficial conclusion [1][4] - The Commerce Ministry indicated that the ongoing trade talks are expected to lead to the withdrawal of the 25% penal tariffs imposed on India, which would significantly boost market sentiment [3][4] Economic Indicators - The GST reform is anticipated to trigger a demand surge, particularly in the automobile sector [4] - Foreign institutional investors (FIIs) were net buyers, purchasing equities worth Rs 308.32 crore [6] Global Market Context - In Asian markets, indices such as Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng traded positively, while South Korea's Kospi was lower [5] - Global oil benchmark Brent crude saw a slight decrease of 0.16% to USD 68.36 per barrel [6]