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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. ....

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Obscure, one-page website firm Landomus Realty writes to PM Modi, offers to 'invest' $500 billion


New Delhi, May 24
An obscure US-based firm with just 19 employees, USD 15 million in revenue and hosting just a one-page website wants to invest USD 500 billion in equity into India s National Infrastructure Pipeline (NIP).
Landomus Realty Ventures released statements via advertisements and on its website, stating it wants to invest USD 500 billion in equity as the first phase of the USD 2 trillion investment under Build India into the National Infrastructure Pipeline (NIP) and non-NIP projects listed by the government of India .
In the advertisement issued in leading newspapers, Landomous Group chairman Pradeep Kumar Satyaprakash said his group aims to assist the Government in its endeavour to rebuild India and achieve the USD 5 trillion GDP target . ....

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