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Holcim ups operating profit view with stimulus due to kick in

3 Min Read ZURICH (Reuters) - Cement maker Holcim increased its guidance for full-year operating profit on Friday, saying it was looking to the impact of post-pandemic economic stimulus measures to maintain upward momentum in the global building sector. The Swiss-based company, which recently changed its name back from LafargeHolcim, continued its bullish stance under Chief Executive Jan Jenisch after posting big increases in sales and profit during the first six months of 2021. Higher volumes boosted profits as building projects resumed, with government stimulus policies expected to support further growth in the second half of the year. Self-help in the form of efficiencies introduced last year and higher prices for its products also helped offset rising energy prices, Jenisch said.

How Hard Has Covid-19 Pandemic Hit The Indian Economy?

By siliconindia  |  Thursday, 29 July 2021, 05:16 Hrs The second wave of Covid-19 has led to a reassessment of the economic growth rate of India and it has ensured that the prospect of the economy in the long-term is still robust due to its current fiscal. The silver lining for the same has been possible due to low disruption in the production and supply chains during the second wave of Covid-19. The vaccination drive of the country normalized mobility to a huge extent. Even though the government has predicted a GDP growth of 11%, this estimate has been pulled down by rating agencies like Asian Development Bank. It is expected that the accommodative monetary policy from RBI and an increase in Capex from the government will help the economy to get back on track with economic growth. 

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