cement, ACC, Ambuja cement

The company will also transfer a mining lease granted by the government over to Ramco Cements for an area of 663.46 hectares

cement, construction, infrastructure, realty

Dalmia Bharat on Wednesday said it has executed definitive agreements with debt-ridden Jaiprakash Associates Ltd (JAL) to acquire the latter's cement assets as per an earlier announcement.
Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, on Tuesday executed definitive agreements with JAL for the acquisition of JP Super Cement Plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore.
However, this will be subject to various clearances and approvals related to JP Super plant and mines, said a regulatory update from Dalmia Bharat Ltd (DBL).
Moreover, it is also subject to "fulfilling certain conditions precedent including the final outcome of the pending arbitration between JAL and Ultratech Cement Ltd."
On December 12, 2022, DBL had announced that it will acquire cement assets of Jaypee Group's flagship company JAL and its associate firm at an enterprise value of Rs 5,666 crore.
As part of that, DCBL also executed 

The infrastructure led investments in India will drive up the demand for cement and other building materials, said Moody's Investors Service in a report.

GST, Tax, finance ministry, Indian economy

NEW DELHI (Reuters) - India's Goods and Services Tax Council will decide whether to cut tax rates on cement after an expert team submits its recommendation, chairperson of the CBIC said on Friday.

cements

With ease in restrictions from July onwards, demand is expected to pick up

Ramco seeks to cement a place in the east

Price stability, better sales of flagship and premium products in trade segment improve margins

chart

While the Mukutban project has been financed by a Rs 1,625 crore term loan stretching 12 years from a consortium of four banks led by the Bank of Baroda at less than 9 per cent interest

Realisations still under pressure for cement firms as demand remains muted

With growth having shrunk 0.5 per cent year-on-year during FY20 so far, as per latest estimates, price recovery seems distant

India Cements expects better performance this year: N Srinivasan

He expects increased spending on infrastructure projects by the Centre and acceleration in infrastructure projects and development schemes by the new government in Andhra Pradesh to spur the industry

India Cements Q4 profit up 49% at Rs 51 cr

Company plans to invest around Rs 350 cr over next three years

Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"

Bank Note Paper Mill

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

Auto sales continue to slide in Dec, likely to remain subdued for some time

The Apple iPhone 15 Pro Max stands out within the iPhone 15 series and offers substantial improvements over the previous generation model, the iPhone 14 Pro Max

Apple iPhone 15 Pro Max - Natural Titanium

Piyush Pandey is stepping into an advisory role at the company from the post of chairman global creative and executive chairman, starting January 1, 2024

Piyush Pandey

Vedanta to spin off, list six businesses to fuel growth

Vedanta

Lawsuits prompt calls for transparency and compensation in the world of generative AI

ChatGPT

The profitability of Meta, Amazon, Microsoft, Alphabet and Apple (MAMAA), twice the S&P 500 average of 10 per cent, has come to be seen as flowing from the abuse of market power, writes T N Ninan

Big Tech

Under this, construction workers who have been registered for ten years and have completed 60 years of age, will be given a pension assistance of Rs 1,500 per month for life

Bhupesh Baghel

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of managing director (MD) and chairperson, three joint MDs and one whole time director

Just a few days before Invesco’s notice, proxy advisory firm Institutional Investors Advisory Services (IIAS) had asked Zee shareholders to vote against Kurien and Chokhani.

Corporate governance, Shareholders

Special efforts will be made to improve road connectivity and provide last-mile connectivity

hawa mahal, jaipur, rajasthan, clouds, tourism, historical palaces

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents

Vedanta, minning, manufacturing

The West Bengal government on Monday said that there is a high possibility of flood in seven districts of the state due to continued incessant rainfall in the upper catchment areas of neighbouring Jharkhand.
Chief Secretary H K Dwivedi on Monday afternoon held an urgent virtual meeting with senior officials of the districts of Paschim Bardhaman, Bankura, Birbhum, Purba Bardhaman, Paschim Medinipur, Hooghly and Howrah and directed them to immediately take all forms of precautionary measures.
"During the meeting, the chief secretary directed all District Magistrates and SPs to immediately identify low-lying and flood-prone areas as well as start monitoring waterlogging and embankment breaches and take proper steps for their remedies," an official statement said.
"The chief secretary informed the meeting that the India Meteorological Department (IMD) has predicted rainfall to continue till October 5 with heavy rainfall predicted tomorrow. The well-marked low-pressure area is currently 

flash flood, sikkim floods

Multi-sector investment firm IQuest Enterprises will acquire the active pharmaceutical ingredients (API) business of Viatris in India for an undisclosed amount.
The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday.
IQuest emerged as the preferred investor following a global competitive bid, it added.
As part of the deal, the company will acquire six API manufacturing facilities, three each in Vizag and Hyderabad, an R&D facility in Hyderabad, and third-party API sales.
"We are excited about our largest investment in the pharmaceutical sector till date. Our investment comes at an opportune time when India is drawing significant attention amongst the global pharma industry," IQuest Enterprises Executive Director Gunupati Swathi Reddy noted.
IQuest Enterprises is a multi-sector investment company. It has invested in various entities like AIG ...

Cements

Prism Johnson slips 6% on 1,420-acre land transfer plan to Ramco Cements

Dalmia executes definitive agreements with JAL to acquire cement assets

Cement demand climbs up, not unusual profitability for Indian cos: Moody's

GST Council will decide on cement tax rate after expert study, says CBIC

Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs

Ramco Cements Q2 profit up 40% to Rs 236 cr even as revenue drops

Birla Corp aims 20 MT to become fifth largest cement company in India

Realisations still under pressure for cement firms as demand remains muted

Expect cement prices, demand to recover in second half of FY20: Srinivasan

India Cements Q4 profit up 49% at Rs 51 cr