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Ambuja, ACC Stocks Rise As Adani To Buy Holcim’s Entire Stake In Cement Makers
New Delhi: Shares of cement makers Ambuja Cements and ACC rose on Monday after Adani Group announced that it would buy Switzerland-based Holcim Ltd's entire stake in the leading Indian cement companies.
The share of the cement makers…
Vodafone Idea Shares Soar 13% On Narrowing Losses, Rising ARPU
New Delhi: Shares of telecom operator Vodafone Idea jumped sharply on Monday, rallying over 12 per cent at the time of writing this report.
At 3.12 p.m., the shares of the company traded at Rs 9.5, up 13.2 per cent from the previous…
Inflation Will Take Time To Moderate Even After Rate Hikes, Says SBI Research
New Delhi: Amidst the continued rise in inflation, it is now almost certain that the Reserve Bank of India (RBI) will raise key policy rates in the June and August policy review meetings, thereby taking it to the pre-pandemic level of 5.15…
Mandate Spinning Mills To Declare Cotton, Yarn Stocks: Stalin To PM Modi
Chennai: Clarification on import duty waiver on cotton till September 30, reduction in margin money demanded by bankers for cotton purchases and mandating cotton and yarn stock declaration by spinning mills, are the requests of Tamil Nadu…
Snapping 6-Day Losses, Equity Indices Rise In Opening Deals
New Delhi: Snapping their six straight session losses, Indian equity indices rose in opening deals on Monday, possibly due to value buying at lower levels.
At 9.51 a.m., Sensex was 1.0 per cent or 513 points up at 53,307 points, whereas…
Adani To Acquire Holcim’s Stake In Ambuja Cements And ACC Ltd
Ahmedabad: The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of Indias leading cement companies…
UAE Telecom Operator Etisalat Acquires 9.8% Stake In Vodafone For $4.4bn
Dubai: Etisalat, the UAE's biggest telecom operator, has acquired a 9.8 per cent stake in British mobile carrier Vodafone Group for $4.4 billion as it seeks to diversify operations globally.
Emirates Telecommunication Group, formerly…
‘Alternative’ Pharmacies New Hubs Of Goa’s Drugs Biz
Panaji: Not its beaches, not the bars, not the shady shacks, alternative pharmacies may well have emerged as the new hub for the drug trade in Goa, according to the state police.
Already known for its narcotics trade, the tiny state is…
‘Mountains To Climb’: Air India CEO-Designate Wilson On New Role
New Delhi: Campbell Wilson has said that his appointment as Air India CEO and MD is a fantastic opportunity to lead a historic airline, adding that there are "mountains to climb" in his new role.
Wilson is currently the CEO of Singapore…
Centre Bans Wheat Export
New Delhi: The Central government has placed a ban on wheat export with immediate effect in the wake of the grave situation of less than estimated domestic wheat production and an excessive global price hike after a spike in demand…