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Corporates contributed Rs 379 crore to political parties in 8 yrs

The Association for Democratic Reforms has stated in its report that 87 percent of the contributions or donations made to political parties in the past eight years were from business houses. The......

Holcim in tribunal over Sebi fine

Holcim (India) Pvt Ltd, the Indian arm of Swiss cement major Holcim, has moved the Securities Appellate Tribunal challenging the Rs 25 crore (Rs 250 million) fine imposed by the Securities and......

Jindal Power, Hindalco win coal blocks

Jindal Power Ltd on Thursday bagged two coal mines in Chhattisgarh for an estimated Rs 1,679 crore (Rs 16.79 billion), while Aditya Birla group-firm Hindalco Industries won a block there for......

Financial institutions battle royalty squeeze of HUL

Financial institutions (FIs), led by the Life Insurance Corporation of India (LIC), are peeved at the way multinationals are raising royalties and technical know-how from their local subsidiaries.......

Founder duo exits Ambuja, deal valued at Rs 185 cr

Three-and-a-half decades after they founded it, Narottam S Sekhsaria and Suresh Kumar Neotia have completely exited as promoters of Ambuja Cements, by selling their 0.79 per cent stake in the......

ACC-Ambuja merger deferred indefinitely

The merger of ACC and Ambuja Cements, the companies controlled by Holcim, the Swiss cement major, has been deferred indefinitely.An investment banker, privy to the development, said, "The parent......
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In KM Birla's 20-year transformation, a mix of caution and ambition

Mumbai: When the 28-year-old landed at Bombay's international airport 20 years ago from the US with the coffin of his industrialist father, the... ...
Sensex snaps 3-day losing streak, closes 311 points up, Nifty settles above 7,800

Domestic equity markets snapped three day losing streak on Thursday as investors bought beaten down stocks while upbeat US markets overnight also... ...
Sensex closes 161 points up at 26,392, Nifty ends at 8,002; ONGC, Vedanta, Cairn India gain

Domestic equity markets gained over 0.6 per cent on Friday as upbeat US economic growth data calmed nerves after a bruising selloff in global... ...
Ambuja Cements Q2 profit drops 45% to Rs 226.4 cr

NEW DELHI: Ambuja Cements today reported 45 per cent fall in its standalone net profit at Rs 226.4 crore for the second quarter ended June, 2015.... ...

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