Friday, November 22
WASHINGTON: President-elect Donald Trump has picked Republican Representative Mike Waltz to be his national security adviser, two sources familiar with the matter told Reuters on Monday, tapping a retired Army Green Beret who has been a leading critic of China. Waltz, a Trump loyalist who also served in the National Guard as a colonel, has criticized Chinese activity in the Asia-Pacific and has voiced the need for the United States to be ready for a potential conflict in the region. The national security adviser is a powerful role, which does not require Senate confirmation. Waltz will be responsible for briefing Trump on key national security issues and coordinating with different agencies. While slamming the Biden administration for a disastrous withdrawal from Afghanistan in 2021, Waltz
Shares of Shree Cement dropped 4% on Tuesday to an intraday low of Rs 23,500.15 on the BSE after the Kolkata-based company’s Q2 profit plunged more than 80% on year to Rs 93.13 crore.The profit was weighed down by weakness in both demand and prices for the building material during the three months.While the September quarter is seasonally weak for cement makers, the country’s third-largest producer’s sales volume slipped as compared to the previous year as well - 7% lower at 7.60 million tonnes.The company’s net revenue from operations fell 18% on year to Rs 3,727 crore, while earnings before interest, tax, depreciation, and amortization fell 32% on year to Rs 593 crore.After the second quarter results, here is what analysts say:HDFC Securities: Add | Target price: Rs 26,700The fue
Shares of NMDC fell 4.2% to their day’s low of Rs 223.45 on the BSE today even after the company on Monday announced a 2:1 bonus share issue and reported a 23% YoY jump in its profit after tax (PAT) at Rs 1,268.96 crore for the second quarter ended September 2024.The company’s revenue from operations also surged 19.7% on a year-on-year basis to Rs 4,806.57 crore for the said quarter, up from Rs 4,013.98 crore reported in the year-ago period.Regarding the bonus share issue, the board approved a bonus issue of equity shares in the proportion of 2:1, which means for every one share investors hold in the company, they will get two additional shares."The Board declared issuance of bonus shares to the shareholders of the company in the ratio of 2:1, i.e. 2 (two) bonus equity shares of face v
