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Rating agency ICRA projects cement companies' operating profit per tonne to fall 10-15 per cent in FY27, as fuel costs surge amid the West Asia conflict.

ICRA expects cement companies' profitability to decline in FY27 as rising fuel, freight, and packaging costs increase pressure on operating margins.

The company, in its recent filing, said that revenue from operations in Q4FY26 increased by 26.87% to Rs 205.22 crore as against Rs 161.76 crore in the same quarter a year ago.

The rally came despite Parle Industries having no connection with Melody candies or Parle Products, the privately held company behind brands such as Parle-G, Melody, Monaco, KrackJack and Hide & Seek.

The board of the company approved a buyback of equity shares worth up to Rs 1,100 crore at a price of Rs 1,150 per share.

The company said the rockets achieved a Circular Error Probable (CEP) accuracy of 1.5 metres and 2 metres, respectively, during the trials.

Passenger vehicles remain the company's primary business where Subros commands ~41 percent market share

Novelis expects a larger impact on cash flows following fires at its Oswego facility, though the company said it will restart the hot mill earlier than initially planned

Zoho founder Sridhar Vembu has questioned the growing narrative around AI-driven job cuts, saying many companies are using artificial intelligence as a "convenient explanation" for layoffs rather than addressing deeper business challenges.

UAE private companies must pay salaries on 1st of every month from June 1, 2026 or face legal action