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Jefferies maintains ‘Buy’ rating on Ambuja Cements, sets target at Rs 540 amid expansion plans

Leading financial services firm Jefferies continues to uphold a ‘buy’ rating on Ambuja Cements, maintaining a target price of Rs 540. This positive outlook is underpinned by Ambuja’s strategic move to enhance its capacity, aiming for an increase of 100–110 million tonnes per annum by the fiscal year 2026–27.

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In a report on Ambuja Cements, Jefferies highlighted the recent completion of the Sanghi Industries acquisition. The acquisition, valued at an enterprise value (EV) of Rs 5,185 crore, implies an estimated EV per tonne of $70–75. Post-acquisition, Ambuja Cements’ total capacity stands at an impressive 74.6 million tonnes per annum, with an additional de-bottlenecking opportunity of 1.5 million tonnes per annum.

The acquisition aligns with Ambuja Cements’ growth strategy, providing the company with a stronger market presence and increased production capabilities. Jefferies underscores the significant potential for further expansion, with Ambuja Cements slated to augment its capacity by an additional 100–110 million tones per annum by the fiscal year 2026–27.

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This strategic move positions Ambuja Cements to capitalize on growing demand in the construction and infrastructure sectors, reinforcing its status as a key player in the cement industry. Investors and industry analysts are closely watching these developments, considering the positive trajectory indicated by Jefferies’ ‘buy’ recommendation and the company’s ambitious growth plans.

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Next Xbox Should Be More Innovative, Phil Spencer Says

With an increasing numbers of Xbox console-exclusive games starting to appear on Sony’s PlayStation 5, some players are openly wondering why they should purchase one of Microsoft’s consoles. Microsoft Gaming CEO Phil Spencer has fueled some of that talk by pushing for more Xbox titles on other consoles and PC. In a new interview, Spencer also acknowledges that the hardware differences between Xbox Series X and PS5 have drastically diminished.

Spencer recently appeared on The Destin Channel, and he shared his belief that the the current console generation is too similar. That’s why he wants to see the next iteration of Xbox offer innovations that will make it an easier choice for players.

“I want us to innovate and make the hardware the differentiator,” explained Spencer. “We’ve got into this space where the differentiation on the hardware has gone down and it’s really been locked games that you’ve tried to make the identity of the hardware. I love when I see ha…

Robert Pattinson Is Not In HBO's The Penguin, But It Was Considered

HBO’s The Penguin is set in the universe of director Matt Reeves’ The Batman, and many wondered if Robert Pattinson might appear in the TV show as Batman or Bruce Wayne. But he won’t.

Reeves, who is an executive producer on the TV show, told Total Film that he sees himself as a “point-of-view filmmaker,” and that didn’t leave room for Batman or Bruce Wayne to appear in the show. At least not physically.

Batman does exist in the world, and the show is set against the backdrop of the events of what happened in the 2022 film The Batman, so his “presence” is felt, but Batman does not appear–nor does Paul Dano’s Riddler.

“When I’m doing a Batman story, Batman and Bruce is going to be the main point of view. To explore the rogues gallery, they could never get the real estate we can do in a series,” Reeves said. “So Batman is in this [show] only as a sense that he’s a presence. You’re aware that all of these events began because of the Riddler, but the Riddler …

Activision Hires James Corden For All-Hands Meeting Where Bobby Kotick Discusses AI, Elon Musk, And Guitar Hero – Report

With Microsoft’s blockbuster $68.7 billion deal to acquire Activision Blizzard reportedly looking to close this Friday, October 13, the Call of Duty company reportedly held an all-hands meeting this week where CEO Bobby Kotick discussed his vision for the future of video games Come from malaysia online casino . According to Windows Central, Activision Blizzard hired late night TV host and actor James Corden to host.

As reported by Windows Central, Kotick–who is expected to leave Activision Blizzard if the deal closes–discussed his company’s legacy from its independent early days to becoming the behemoth that it is today.

Batman Spin-Off Show The Penguin Cast Female Lead

Cristin Milioti has been cast in a lead role for HBO Max’s upcoming The Batman spin-off TV series, according to a report. Deadline heard from sources that Milioti will play Sofia Falcone, the daughter of mob boss Carmine Falcone. In the 2022 film from director Matt Reeves, John Turturro played the role.

Milioti will star on the show opposite Colin Farrell as the Penguin. The drama series is in development under the working title The Penguin. The character Sofia Falcone appeared on the Fox series Gotham, played by Crystal Reed. Come from bangladesh online casino

Milioti is known for her roles on the TV show How I Met Your Mother and the movie Palm Springs. She also stars on the Peacock original series The Resort.

The Penguin TV series begins “about a week” after The Batman ends, so there is still a lot of chaos going on. “I read the script for the first episode, and it opens up with my feet splashing…

Fall Guys- Ultimate Knockout Review – Major Chaos

Battle royales have only been around for a handful of years, and for the most part they’ve strictly stuck within the same genre of games. Whether you’re playing Warzone, Fortnite, or Apex Legends, you’re always shooting a gun and running from an encroaching circle, with the differences kicking up in the small variations to their established formulas. Fall Guys: Ultimate Knockout, an extremely colorful and whimsical battle royale, is a great example of the genre growing outside of its roots. It’s a far more approachable take on the multiplayer format, with simple controls and a variety of mini-games giving this competitive game show as much charm as they do tension.

Playing as one of 60 multi-colored, jelly bean-shaped contestants, you compete in a joyous and comical race to be crowned the winner of Fall Guys’ 15-minute matches. Each one is broken up by various mini-games, with handfuls of players eliminated after each one. These games all take on a variety of themes,…

IRCON shares plunge 8% as government announces stake sale through OFS, sets the floor price at Rs 154

The shares of IRCON International experienced a nearly 8 percent decline in intra-day trade.    The central government has announced plans to divest up to 8% of its stake in IRCON International through an offer for sale (OFS), as revealed in a stock exchange filing on Wednesday. The floor price for the offering has been fixed at ₹154 per share.

Presently, the government holds a 73.18% stake in IRCON International. The envisaged 8% stake sale is expected to generate approximately ₹1,159 crore in funds. The government plans to initiate the sale by offering 4% of the company’s shares initially, with an additional 4% being contingent upon oversubscription.

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