With the acquisition of 14.8 per cent stake in Gujarat Ambuja Cements Ltd, by Swiss cement major Holcim, foreign players, including Lafarge, would be controlling nearly 25 per cent of total production in the country.
Chennai Super Kings skipper Mahendra Singh Dhoni made it amply clear that he will wear his favourite yellow jersey for at least one more season and the 'Whistle Podu' army will certainly see him playing his "farewell game" at their beloved Chepauk.
Ahmedabad-based Nirma group and leading private equity firms have joined the race to acquire BSE-listed Glenmark Life Sciences. The acquisition by chemicals-to-cement major Nirma, if successful, would be a major boost for the health-care segment of the group, on the lines of its successful entry into the cement sector following its purchase of Lafarge India's assets for about Rs 9,400 crore in July 2016. It later followed up by buying Emami cement assets for Rs 5,500 crore in February 2020.
Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. While UBS has initiated coverage on the Indian cement sector with an anti-consensus negative view and suggests investors sell select cement stocks on a rally, those at Nomura remain selectively bullish on the sector and prefer companies with large brownfield optionality and multi-region presence. In the near-term, UBS expects strong earnings of cement companies in the next two quarters to be driven by robust demand and margin tailwinds, but suggests any sharp uptick in stock prices could offer a good opportunity for booking profits in the related counters.
Sandeep Warrier has seen better half Aarathy Kasturi Raj's struggles over the years and as her biggest strength and pillar of support, couldn't be more proud seeing the acclaimed roller skating ace win her first Asian Games medal.
Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added.
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.
Sabaretnam is survived by two sons and a daughter.
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
What does Rahul Dravid need to do to be able to join NCA without carrying the blemish of perceived or potential 'conflict of interest'? Sudhir Bisht attempts an answer.
Dravid has already given a reply and defended himself saying he has taken leave of absence from employers India Cements and he has nothing to do with the Chennai Super Kings.
Dravid was to take over as NCA head from July 1 but his job at the India Cements caused the delay.
The new BCCI president, Sourav Ganguly, has already said that the conflict of interest is a 'very serious issue' facing Indian cricket.
Australian fast bowling legend Brett Lee wants India coach Rahul Dravid and captain Rohit Sharma to shield rising left-arm pacer Arshdeep Singh from an overdose of advise as it could prove to be "counter-productive".
Potential conflict of interest has prevented Rahul Dravid from taking charge as the Head of Cricket at the National Cricket Academy. The former India captain was supposed to join on July 1.
Earlier this month, former Supreme Court judge Jain had asked Dravid to respond in writing after receiving a complaint from Madhya Pradesh Cricket Association (MPCA) life member Sanjeev Gupta.
The sources also said the chief executive officer (CEO) K S Viswanathan would be the head on the cricket front.
They were speaking at a function to mark the release of 'Defying the Paradigm,' a coffee table book on Srinivasan's 50-year journey with India Cements.
The Committee of Administrators on Tuesday cleared Rahul Dravid's appointment as Head of Cricket at the National Cricket Academy, ruling that there is "no conflict of interest" case against the former India captain.
CSK is reinventing itself to get rid of the controversies and improve brand value
Dravid had defended himself saying he has taken leave of absence from India Cements and he has nothing to do with the Chennai Super Kings. As per Rule 38 (4) of BCCI constitution, no individual can hold more than one post at the same time.
The former India captain was speaking at a felicitation function organised for CSK for winning the 2021 edition of IPL.
Rupa Gurunath, the first woman president of a BCCI affiliated unit, is a full-time Director of India Cements Limited (ICL). She has been found guilty of indirect conflict of interest for ICL's close association with Chennai Super Kings Cricket Limited (CSKCL).
'So, I mean, look, I know Dhoni quite well and I hope he hasn't changed, but I know Dhoni is probably not one to look at reams of data and statistics.'
"Chennai Super Kings regrets his tweet which was without the knowledge of the Management and in bad taste," it added.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
The enigmatic Mahendra Singh Dhoni has no doubt that he would be seen in yellow even in 2022 but at this point, he does not know whether that yellow would be representative of his franchise Chennai Super Kings in the IPL.
Two-time Indian Premier League champions Chennai Super Kings has been valued at just Rs 5 lakh by its owners, India Cements.
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.
Radhakishan S Damani, investor and promoter of the D-Mart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world's richest people. The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal.
India captain Mahendra Singh Dhoni has been named in the India Cements squad for the BCCI Corporate Trophy which will be played from February 1-8 even after he made it clear that he wanted a break during Irani Trophy which was being played from February 6-10.
The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.
Suresh Raina is like a "son" to him but Chennai Super Kings owner Narayanswami Srinivasan on Wednesday said the all-rounder's return to the side this IPL season after an unanticipated pull out would be decided by the team management led by skipper Mahendra Singh Dhoni.
Various corporate houses and banks including TVS Motors, India Cements, Hyundai Motor India Limited and State Bank of India on Tuesday contributed a total of Rs 22 crore.
The Indian cricket team's logistics manager M A Satheesh has been sent back home amidst controversy over India Cements employees being given positions as support staff with the national side.
The company's stock price has appreciated at a compound annual growth rate of 18.3 per cent, the lowest among all industry peers.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Refusing to speak about Mahendra Singh Dhoni's role in his company, India Cements, Narayanaswami Srinivasan, the Board of Control for Cricket in India's president-in-exile, made it clear that India's captain would not be asked to resign despite questions about conflict of interest being raised against him.
Indian captain Mahendra Singh Dhoni's stand that Gurunath Meiyappan was a "mere cricket enthusiast" supporting Chennai Super Kings has been contradicted by the Justice Mudgal IPL probe committee report.
