Business News

Sensex ends 130 points down, Nifty remains above the 9,100 mark

Stocks of Idea Cellular fell by nearly 15% after the telecom company confirmed its merger with Vodafone India.

The Bombay Stock Exchange Sensex saw its first drop in three sessions as concerns grew among software services exporters over a stronger rupee. The 30-share index closed 130.25 points down at 29,518 on Monday, while the National Stock Exchange Nifty ended at 33.20 points lower at 9,126.85.

Stocks of Idea Cellular on the Bombay Stock Exchange Sensex fell by nearly 15% after the telecom company confirmed its merger with Vodafone India on Monday. The drop was attributed to Idea owning only 26% stake in the new venture.

IT stocks saw the biggest losses of the day after reports suggested that Cognizant might lay off more than 6,000 employees. Infosys, Tata Consultancy Services and Wipro’s shares fell by 2% on the BSE.

Among BSE sub-indices, healthcare was up 0.38%, realty rose by 0.32%, and power increased by 0.29%. Monday’s major gainers were HDFC Bank, Bajaj Auto and NTPC. Stocks of Kotak Mahindra Bank were up 1.23% after last week’s announcement that it would seek approval from shareholders to raise its foreign sharehoding limit.

On Nifty, Auropharma, Bharat Heavy Electricals and Coal India were the top gainers. Idea was down 10%, while stocks of TCS and Infosys saw a near-2% drop.

Moreover, the rupee traded stronger at 65.36 against the United States dollar after it hit a 17-month high of 65.22 last week. Despite the low figures, market sentiment remained positive on Monday after the Union Cabinet approved four drafrt Bills to pave the way for the implementation of the Goods and Services Tax.

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Modern home design trends that are radically changing living spaces in India

From structure to finishes, modern homes embody lifestyle.

Homes in India are evolving to become works of art as home owners look to express their taste and lifestyle through design. It’s no surprise that global home design platform Houzz saw over a million visitors every month from India, even before their services were locally available. Architects and homeowners are spending enormous time and effort over structural elements as well as interior features, to create beautiful and comfortable living spaces.

Here’s a look at the top trends that are altering and enhancing home spaces in India.

Cantilevers. A cantilever is a rigid structural element like a beam or slab that protrudes horizontally out of the main structure of a building. The cantilevered structure almost seems to float on air. While small balconies of such type have existed for eons, construction technology has now enabled large cantilevers, that can even become large rooms. A cantilever allows for glass facades on multiple sides, bringing in more sunlight and garden views. It works wonderfully to enhance spectacular views especially in hill or seaside homes. The space below the cantilever can be transformed to a semi-covered garden, porch or a sit-out deck. Cantilevers also help conserve ground space, for lawns or backyards, while enabling more built-up area. Cantilevers need to be designed and constructed carefully else the structure could be unstable and lead to floor vibrations.

Butterfly roofs. Roofs don’t need to be flat - in fact roof design can completely alter the size and feel of the space inside. A butterfly roof is a dramatic roof arrangement shaped, as the name suggests, like a butterfly. It is an inverted version of the typical sloping roof - two roof surfaces slope downwards from opposing edges to join around the middle in the shape of a mild V. This creates more height inside the house and allows for high windows which let in more light. On the inside, the sloping ceiling can be covered in wood, aluminium or metal to make it look stylish. The butterfly roof is less common and is sure to add uniqueness to your home. Leading Indian architecture firms, Sameep Padora’s sP+a and Khosla Associates, have used this style to craft some stunning homes and commercial projects. The Butterfly roof was first used by Le Corbusier, the Swiss-French architect who later designed the city of Chandigarh, in his design of the Maison Errazuriz, a vacation house in Chile in 1930.

Butterfly roof and cantilever (Image credit: Design Milk on Flickr.com)
Butterfly roof and cantilever (Image credit: Design Milk on Flickr.com)

Skylights. Designing a home to allow natural light in is always preferred. However, spaces, surrounding environment and privacy issues don’t always allow for large enough windows. Skylights are essentially windows in the roof, though they can take a variety of forms. A well-positioned skylight can fill a room with natural light and make a huge difference to small rooms as well as large living areas. However, skylights must be intelligently designed to suit the climate and the room. Skylights facing north, if on a sloping roof, will bring in soft light, while a skylight on a flat roof will bring in sharp glare in the afternoons. In the Indian climate, a skylight will definitely reduce the need for artificial lighting but could also increase the need for air-conditioning during the warm months. Apart from this cleaning a skylight requires some effort. Nevertheless, a skylight is a very stylish addition to a home, and one that has huge practical value.

Staircases. Staircases are no longer just functional. In modern houses, staircases are being designed as aesthetic elements in themselves, sometimes even taking the centre-stage. While the form and material depend significantly on practical considerations, there are several trendy options. Floating staircases are hugely popular in modern, minimalist homes and add lightness to a normally heavy structure. Materials like glass, wood, metal and even coloured acrylic are being used in staircases. Additionally, spaces under staircases are being creatively used for storage or home accents.

Floating staircase (Image credit: Design Milk on Flickr.com)
Floating staircase (Image credit: Design Milk on Flickr.com)

Exposed Brick Walls. Brickwork is traditionally covered with plaster and painted. However, ‘exposed’ bricks, that is un-plastered masonry, is becoming popular in homes, restaurants and cafes. It adds a rustic and earthy feel. Exposed brick surfaces can be used in home interiors, on select walls or throughout, as well as exteriors. Exposed bricks need to be treated to be moisture proof. They are also prone to gathering dust and mould, making regular cleaning a must.

Cement work. Don’t underestimate cement and concrete when it comes to design potential. Exposed concrete interiors, like exposed brick, are becoming very popular. The design philosophy is ‘Less is more’ - the structure is simplistic and pops of colour are added through furniture and soft furnishings.

Exposed concrete wall (Image Credit: Getty Images)
Exposed concrete wall (Image Credit: Getty Images)

When building your home, it is important to use strong and durable materials. A value-added premium product with high compressive strength, Birla Gold cement is used to make tough, impermeable concrete that sets quickly, lasts long and minimises cracking. Its durability will ensure that your dream home always looks new and the steel structure inside remains protected. Birla Gold offers variants that are optimised for different needs. The unique hydraulic binding properties of the Birla Gold Premium cement variant prevent seepage, making it resistant to even corrosive water, especially important for houses in coastal cities. The Birla Gold Royal cement variant provides very high strength and is perfect for the foundation. As the video below says, with the different varieties of cement that Birla Gold offers, you can build the home of your dreams.

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This article was produced by the Scroll marketing team on behalf of Birla Gold Premium Cement and not by the Scroll editorial team.