UltraTech to acquire Century Textiles’ cement unit

 Aditya Birla Group firm UltraTech said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal, a move which would further consolidate its position as market leader in the segment.

21 May 2018, 05:46 PM IST

More From Indian Business

NSE to delist Kingfisher, Plethico Pharma, 16 other companies from May 30

Under the compulsory delisting regulations, the delisted companies, its whole-time directors, promoters and group firms would be debarred from accessing the securities market for t
21 May 2018, 04:23 PM IST

Moody’s downgrades PNB, cites negative impact of fraud on capital

Moody’s Investors Service has downgraded Punjab National Bank’s rating citing the impact of recent fraud on its capital as well as weak internal controls.
21 May 2018, 04:17 PM IST

Industry urges govt to cut excise duty on fuel as oil prices zoom

India Inc on Monday urged the government to cut excise duty on petrol and diesel immediately, observing that rising oil prices pose a high risk to India’s economic growth traject
21 May 2018, 04:15 PM IST

Government will soon find solution to surging fuel prices: Dharmendra Pradhan

Union petroleum minister Dharmendra Pradhan has said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hi
21 May 2018, 03:26 PM IST

Indian runners to train in Bhutan ahead of Asian Games

Indian athletics is entering an uncharted territory as the country's middle and long distance runners will be in Bhutan for four weeks for high altitude training as part of prepar
20 May 2018, 05:02 PM IST

China pledges 'significantly' more US buying, no trade war

China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted betwee
20 May 2018, 04:41 PM IST

GST roadblocks hit Patanjali growth in FY18

Baba Ramdev-led Patanjali, which has recorded multi-fold growth in recent years, is expecting a marginal growth for 2017-18, on account of Goods and Services Tax (GST) regime, said
20 May 2018, 04:37 PM IST

Tourism ministry proposes lifting restrictions on foreigners visiting Northeast

The Tourism ministry proposed this on May 17 at a meeting with senior Home Affairs and Defence Ministry officials.
20 May 2018, 03:25 PM IST

FinTech firms assisting banks with customer acquisition

In the recent past, FinTech firms have seen an enormous transformation, backed by the current age of digitisation and a boom in digital data. 
20 May 2018, 03:21 PM IST

Buffon bids a tearful farewell

Italy great Gianluigi Buffon played his final game for Juventus on Saturday before tearfully exiting after a trophy-laden 17-year career in a 2-1 win over already relegated Verona.
20 May 2018, 02:48 PM IST

International tribunal to hear Vodafone challenge to Rs.22,100 crore tax in February 2019

An international arbitration tribunal will begin hearing British telecom giant Vodafone’s challenge to India using a retrospective legislation to seek Rs.22,100 crore in taxes, i
20 May 2018, 02:40 PM IST

PNB refuses to disclose details of probe that led to discovery of Rs 13,000-crore fraud

State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clau
20 May 2018, 02:23 PM IST

Petrol, diesel prices hiked again, rates highest since 2013

The petrol price on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless r
20 May 2018, 12:04 PM IST

Reliance Industries gets green nod for Rs 2,338 crore expansion project in Maharashtra

Reliance Industries (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an es
20 May 2018, 11:30 AM IST

India on path of development of tax collection, domestic capabilities

The United Nations Organisation's (UNO) goal number 17 refers to the development and utilisation of its resources for the continuous promotion from countries of the world.
20 May 2018, 11:19 AM IST

This $2 billion AI start-up aims to teach factory robots to think

Japan’s Preferred Networks Inc. has only one publicly available product, a whimsical application that uses artificial intelligence to automate the coloring of manga cartoons.Yet
18 May 2018, 05:48 PM IST

Subscribe to our Newsletter