The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
NTPC, JSW Steel, Tata Motors, Bharti Airtel, Power Grid, Kotak Mahindra Bank and Tech Mahindra were also among the major gainers. Larsen & Toubro, Sun Pharma, Nestle, HDFC Bank and Maruti were among the laggards.
The thrilling last-ball win by Chennai Super Kings in the IPL final against Gujarat Titans 'is a miracle' and only the legendary Mahendra Singh Dhoni could pull off such a show, said former BCCI president Narayanswami Srinivasan.
In a setback to the Centre, the Supreme Court on Thursday held that states have the legislative competence to impose taxes on mines and minerals-bearing lands under the Constitution.
Under Dhoni's leadership, CSK beat Kolkata Knight Riders to win their fourth IPL title on Friday, October 15, to complete an incredible comeback after their forgettable outing last year.
In view of this development, do you think Srinivasan should attend the Board's Committee Meeting scheduled for August 2? Tell us!
The Supreme Court declined to interfere with the Board of Control for Cricket in India's view on barring Narayanswami Srinivasan from participating in its meetings, saying it is free to stick to its stand that he has a conflict of interest "so long as a competent court of jurisdiction arrives at a decision to upset its view".
India Cements Ltd has posted a net loss of Rs 505.40 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 262.50 million for the quarter ended December 31, 2001.
CAB secretary Aditya Verma wrote to BCCI President Jagmohan Dalmiya, questioning N Srinivasan's election as TNCA President and his proposed presence at the ICC Board meeting as BCCI representative.
Former Board of Control for Cricket in India chief Shashank Manohar dropped in at the city to meet current president Jagmohan Dalmiya.
The complete judgement delivered by the Supreme Court bench of Justices T S Thakur and F M I Khalifulla on January 22, 2015.
The Board of Control for Cricket in India on Monday named former captain Sourav Ganguly in the four-member panel to study the Justice Rajendra Mal Lodha committee verdict on the Indian Premier League spot-fixing scandal of 2013.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Suspended from all cricket-related activity for life by the Supreme Court-appointed Justice R S Lodha committee, former Rajasthan Royals co-owner Raj Kundra said he is shocked and disappointed by the punishment handed out to him.
Former Indian Premier League chairman Lalit Modi's lawyer Mehmood Abdi has been asked by the Supreme Court-appointed Justice Mukul Mudgal Committee, probing match-fixing allegations in the cash-rich tournament, to appear before it in Delhi on Thursday morning.
The Board of Control for Cricket in India on Monday approached the Supreme Court challenging Bombay high court's order that held as illegal and unconstitutional the two-member probe panel constituted by it to look into spot-fixing and betting charges in the Indian Premier League as illegal.
The Board of Control for Cricket in India has filed a 238-page writ petition in the Supreme Court in order to get clarity about whether its former president N Srinivasan should be allowed to attend the Board meetings.
The Supreme Court on Wednesday agreed to hear the Board of Control for Cricket in India's plea against the Bombay high court verdict, which declared as illegal its probe panel that was set up to look into the Indian Premier League spot-fixing and betting controversy.
IPL franchise Chennai Super Kings moved the Madras High Court challenging the order of Justice Lodha Committee suspending it from Indian Premier League over the 2013 betting scam involving its top official Gurunath Meiyappan.
The Supreme Court on Friday issued notices to the Board of Control for Cricket in India, N Srinivasan, his company India Cements which owns IPL team Chennai Super Kings, and Rajasthan Royals on a plea challenging Bombay high court order refusing to appoint a fresh committee to probe the spot-fixing scam in the sixth edition of the IPL.
CSK is reinventing itself to get rid of the controversies and improve brand value
The Supreme Court on Monday rejected BCCI's suggestion for setting up a special committee to probe the IPL spot-fixing scandal and proposed a three-member panel headed by former Punjab and Haryana Chief Justice Mukul Mudgal to examine the issue.
The Supreme Court on Wednesday deferred the Board of Control for Cricket in India elections till the end of January even as the cricket body opposed the constitution of an external high-powered committee to propose punishment on the Mudgal Committee's findings in the betting and spot-fixing scam in the Indian Premier League.
N Srinivasan was on Friday restrained from assuming charge of the Board of Control for Cricket in India, if elected to the post, by the Supreme Court, which allowed the Board to hold its proposed Annual General Meeting scheduled for Sunday.
Stung by the suspension of Chennai Super Kings and Rajasthan Royals from the Indian Premier League, the Board of Control for Cricket in India's top officials are working out a contingency plan to ensure that the high-profile league remains an eight-team affair.
A First Information Report was registered at Jyotinagar police station, in Jaipur, on Friday, to investigate allegations of match-fixing by Board of Control for Cricket in India president and Managing Director of India Cements Ltd N Srinivasan, and his son-in-law, Chennai Super Kings team principal Gurunath Meiyappan, for conspiring and executing the fixing of an Indian Premier League match on May 12, between Chennai Super Kings and Rajasthan Royals at the Sawai Man Singh stadium in Jaipur.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The Supreme Court on Monday put the onus on Board of Control for Cricket in India president-in-exile Narayanaswami Srinivasan to prove that there was no conflict of interest involving him that came in the way of a probe into the IPL-6 scam and took strong exception to his counsel "repeatedly" naming Finance Minister Arun Jaitley in the proceedings.
The Board of Control for Cricket in India on Sunday accepted the recommendations made by the Lodha Committee and formed a working group to prepare the road map for the future editions of the Indian Premier League.
Uncertainty over the possibility of Board of Control for Cricket in India's president-in-exile Narayanaswami Srinivasan making a comeback and the survival of the Chennai Super Kings in the Indian Premier League deepened on Thursday as Supreme Court threw suggestions whether those named in the Mudgal Committee could be kept out of the BCCI elections and whether the CSK franchise could be scrapped.
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
The Supreme Court on Tuesday allowed N Srinivasan to resume charge as president of the Board of Control for Cricket in India while setting up special panel to probe the spot-fixing scandal that rocked the sixth edition of the Indian Premier League.
The Supreme Court on Friday left it to a panel headed by former Chief Justice of India R M Lodha to consider the feasibility of opening and looking into the sealed envelope, containing names of some players allegedly involved in the IPL spot-fixing case, submitted by Justice Mukul Mudgal Committee.
Narayanswami Srinivasan suffered a major setback on Thursday as the Supreme Court barred him from contesting any election of the Board of Control for Cricket in India on grounds of conflict of interest.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
The Board of Control for Cricket in India's probe panel on spot-fixing and betting charges in the Indian Premier League struck down as "illegal" as it was set up in violation of its own rules, the Bombay high court said on Wednesday. It went on to add that a prima facie case is made out that BCCI president-in-exile N Srinivasan was involved in its formation.
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