Latest news with #ICI
Business Standard
3 days ago
- Business
- Business Standard
Nifty trades below 25,100 level; European mrkt opens lower
The frontline indices traded sideways in the afternoon trade. The Nifty traded below the 25,100 level. Metal and private bank shares advanced, while PSU Bank, realty and media shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, advanced 35.39 points or 0.04% to 82,235.44. The Nifty 50 index lost 14.65 points or 0.06% to 25,076.80. In the broader market The S&P BSE Mid-Cap index fell 0.40% and the S&P BSE Small-Cap index rose 0.02%. The market breadth was negative. On the BSE, 1,816 shares rose and 2,051 shares fell. A total of 210 shares were unchanged. India's core industries, comprising eight sectors, reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by the Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Gainers & Losers: ETERNAL (up 12.40%), HDFC Life Insurance Company (up 1.59%), Titan Company (up 1.43%), Hindalco Industries (up 0.96%) and Coal India (up 0.72%) were the major Nifty50 gainers. Eicher Motors (down 2.04%), Shriram Finance (down 1.91%), UltraTech Cement (down 1.80%), Hero MotoCorp (down 1.74%) and Tata Motors (down 1.59%) were the major Nifty50 Losers. Stocks in Spotlight: Titan Company advanced 1.42% after the company announced that it has entered into an agreement for acquiring 67% shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries. DCM Shriram advanced 1.58% after the companys consolidated net profit increased by 13.04% to Rs 113.38 crore in Q1 FY26, compared to Rs 100.30 crore posted in Q1 FY25. Revenue from operations (excluding excise duty) grew 13.42% year-on-year (YoY) to Rs 3,248.63 crore for the quarter ended 30 June 2025. Magellanic Cloud added 2.42% after the companys consolidated net profit increased 4.75% to Rs 27.76 crore on 24.5% increase in revenue from operations to Rs 163.95 crore in Q1 June 2025 over Q1 June 2024. Latent View Analytics added 2.93% after the company reported a 30% jump in consolidated net profit to Rs 50.6 crore on a 31.9% increase in total revenue from operations to Rs 236 crore in Q1 FY26 as compared with Q1 FY25. Global Markets: European shares tanked on Tuesday on lingering tariff uncertainties, while investors continued to wade through a deluge of quarterly corporate earnings. Asian stocks traded mixed as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house. Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday. By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%.
NDTV
4 days ago
- Business
- NDTV
India's 8 Core Industries Post 1.7% Growth In June
New Delhi: India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2 per cent. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below: Coal - Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizers - Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel - Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement - Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity - Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. "Although the year-on-year (YoY) growth in core output improved slightly to 1.7 per cent in June 2025 from 1.2 per cent in May 2025, it remained decidedly tepid, with as many as five of the eight sectors recording a contraction in their output in the month," said Aditi Nayar, Chief Economist, ICRA Ltd. "While an elevated base weighed upon coal output, excess rains in the latter half of June 2025 impacted electricity generation." "Encouragingly, the output of the cement and steel sectors rose by a robust 9.2-9.3 per cent in June 2025, although this was supported by a favourable base in the case of the former. The growth in volumes of these segments has been quite healthy in Q1 FY2026, which implies that the construction sector is poised to record a robust GVA growth in the quarter. Given the subdued growth in core output, ICRA expects the IIP growth to print at 1.5-2.5 per cent in June 2025," added Nayar. Release of the index for July, 2025 will be on Wednesday, August 20, 2025.
Business Standard
4 days ago
- Business
- Business Standard
Core sector grows at 1.7% on year in June, Steel and Cement production spikes
The combined Index of Eight Core Industries (ICI) increased by 1.7 per cent (provisional) in June, 2025 as compared to the Index in June, 2024, marking its best performance in three months. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). The final growth rate of Index of Eight Core Industries for May 2025 was observed at 1.2 per cent. The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. Here are the sector wise details: Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year.
Hans India
4 days ago
- Business
- Hans India
Eight core industries record 1.7 pc growth in June; cement, refinery production up
New Delhi: The combined Index of Eight Core Industries (ICI) increased by 1.7 per cent in the month of June compared to the same month last year, the Ministry of Commerce and Industry data showed on Monday. The production of steel, cement and refinery products recorded positive growth last month. "The final growth rate of Index of Eight Core Industries for May 2025 was observed at 1.2 per cent. The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year," the ministry said. Petroleum refinery production increased by 3.4 per cent (on-year) in June. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Steel production increased by 9.3 per cent in June and its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Meanwhile, cement production increased by 9.2 per cent last month and its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. The ICI measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Meanwhile, electricity generation declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas production also declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year, the data showed.
Daily Mirror
7 days ago
- Daily Mirror
Newborn's cause of death revealed after 'boy, 6, killed baby while roaming ward'
Police have announced the results of an autopsy after a newborn baby was found dead after being dropped on the head by a six-year-old boy wandering around Jeanne de Flandre hospital in Lille, France The exact cause of death of a newborn baby who was allegedly dropped on her head by a six-year-old boy on a hospital ward has been revealed. Little Zayneb-Cassandra died on Tuesday five days after being found unconscious in a treatment room at Jeanne de Flandre hospital in Lille, France. She was born by caesarean section at the maternity ward on July 6, and was premature at seven and a half months. After labour, the mother was kept on the maternity ward, while the baby was taken to neonatal care. On July 11, the day the parents were preparing to leave the hospital with the baby, Zayneb-Cassandra was found in a neonatal room naked and unconscious, with a bloodied head. A six-year-old boy, the brother of another baby at the hospital, was sat on a chair nearby in the same room. The boy and the baby were found by a new mum named by Delphine, who rushed into the room after hearing a "loud bang". In a statement released after the tragedy, police announced they had opened an investigation under their juvenile unit, and confirmed a full autopsy would be taking place. Today, a spokesperson confirmed the autopsy showed Zayneb-Cassandra died from trauma "consistent with a fall to the floor". It comes after the newborn's father Mohamed-Hamza admitted he broke down in tears after being told what had happened to his daughter - while the family claim they still have not received an apology from the hospital yet. Questioning how the child was able to gain access to the neonatal room, Mohamed-Hamza told the cameras: "Every six-year-old is a little disruptive. I don't blame the mother. She had just given birth... But the child should have been supervised." Criticising the hospital for its "lack of empathy" following the infant's death, grandmother Fatma told French television station ICI: "I was the one who had to ask the hospital staff for psychological support for my daughter, who had just lost her child." The six-year-old was described as being a "disruptive presence" in the hospital, while Mohamed-Hamza's stepfather Karima claimed the boy had been calling the newborn "my doll". He had also reportedly been seen going into other rooms and disrupting other patients. Fatma meanwhile said the family had been "destroyed" by the baby's death, adding: "My daughter is devastated. Coming home without her baby is inconceivable." Jeanne de Flandre hospital has announced "an internal administrative investigation" into the incident, and a spokesperson added: "This human tragedy has deeply affected the staff and teams of Lille University Children's Hospital, as well as the other families present."
