Google has settled with the Competition Commission of India (CCI) a case related to alleged unfair business practices in the Android TV segment and paid a settlement amount of Rs 20.24 crore to the regulator. This is the first case to be settled under the amended Competition Act, wherein settlement and commitment provisions were introduced in 2023.
Five firms, including ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures that runs Nykaa, will be dropped from Nifty Next 50 index from September 29. NSE Indices Ltd, an arm of the National Stock Exchange, on Thursday said that Indus Towers and Page Industries will also be dropped from the index. Punjab National Bank, Trent, Sriram Finance, TVS Motor Company, and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement.
The Centre has extended the tenure of CBI Director Praveen Sood by one year. Sood, a 1986-batch IPS officer of the Karnataka cadre, took over as the CBI director on May 25, 2023. The decision was taken in a meeting of the selection committee headed by Prime Minister Narendra Modi. Sood is known for his hands-on approach and has supervised high-profile cases involving high net-worth individuals.
Ports-to-energy conglomerate Adani Group saw a 29 per cent rise in tax outgo across portfolio companies to nearly Rs 75,000 crore, it said on Thursday. This includes both direct and indirect taxes paid, as well as payments towards employee social security.
Royal Challengers Bangalore (RCB) have signed Mayank Agarwal as a replacement for the injured Devdutt Padikkal, while Delhi Capitals (DC) have signed Afghan batter Sediqullah Atal in place of Harry Brook.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
The Junior Cricket Committee has picked India A squad for the upcoming ACC Men's Emerging Teams Asia Cup 2023 to be played from July 13th to 23rd in Colombo, Sri Lanka.
The open offers for the shareholders of Ambuja Cements and ACC will begin from July 6 and close on July 19, as per a tentative schedule published by the Adani family today. With an investment of $4 billion (Rs 31,139 crore), together these two open offers might constitute the biggest open offer in corporate Indian history. The mandatory open offer for the companies was made by a Mauritius based company owned by the Adani family after they acquired a 63 per cent stake in Ambuja and 4.5 per cent in ACC from Swiss cement major, Holcim for $6.5 billion. Ambuja owns a 50 per cent stake in ACC.
The BCCI has drawn a firm line-there will be no bilateral cricket with Pakistan, now or in the future, says vice-president Rajeev Shukla.
The recent helicopter crash near Kedarnath, in which seven lives were lost, has proven yet again that aviation regulatory authorities have not learnt lessons from similar air mishaps in the challenging Kedar valley and have done little to improve flying conditions.
Fascinating numbers from the India-Pakistan iconic cricket rivalry.
Vaibhav's sensational 2024 season saw him excel both domestically and internationally.
Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.
Reliance-Disney skips bidding
The Africa Cricket Association (ACA) has started dialogue with the Asian Cricket Council (ACC) and other stakeholders to revive the once popular Afro-Asia Cup
An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.
Associated Cement Companies Ltd decided to divest a 19.56 per cent stake in Bridgestone ACC India Ltd.
The Asian Cricket Council (ACC) has called on the International Cricket Council (ICC) to give associate membership to Afghanistan which would elevate the war-torn country to the second tier of membership behind the 10 Test-playing nations.
G Trisha made a fine unbeaten fifty to guide India to a facile eight-wicket win over Bangladesh in their first Super Four match of the Women's Under-19 T20 Asia Cup on Thursday.
India's largest cement firm, Ultratech Cement, has joined the race to acquire the Holcim stake in Ambuja Cements and its subsidiary, ACC. UltraTech - part of the Aditya Birla Group - submitted a non-binding bid on Wednesday. Swiss multinational Holcim, which manufactures building material, is exiting India by selling its 63.19% stake in Ambuja Cements. According to banking sources, UltraTech has submitted a plan to Holcim, outlining divestiture details that would meet the norms set by anti-trust body Competition Commission of India.
'Is he trying to rile up the crowd?'
India will host the next edition of the men's Asia Cup cricket tournament in the T20 format in 2025 as a pre-cursor to the T20 World Cup scheduled in the country in 2026.
A PCB official said due to time constraints between the ICC Champions Trophy and New Zealand tour, Aaqib Javed will continue as interim head coach.
After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector.
Adani group stocks rallied on Thursday morning after Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down. Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent, NDTV rallied 7 per cent and Adani Energy Solutions advanced 6.63 per cent on the BSE.
Shastri, speaking to Sanjana Ganesan on The ICC Review, suggested there's more to it than meets the eye.
Too many thorny issues, parent Holcim will take up matter later.
Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
Skipper Chamari Athapaththu's diligent fifty propelled Sri Lanka to a thrilling three-wicket win over Pakistan in the second semifinal of the women's Asia Cup in Dambulla, Sri Lanka on Friday
Dushan Hemantha's four-wicket haul and Ahan Wickramasinghe's sensational fifty sealed Sri Lanka A spot in the final and brought an end to defending champions Pakistan A campaign to its unforeseen conclusion in the first semi-final match of the ACC Men's T20 Emerging Teams Asia Cup 2024.
All-around India A defeat Pakistan A by 7 runs in ACC Emerging Teams Asia Cup
Analysts see a buy opportunity as gap with peers is now at 37% compared to 13% historically.
The Asian Cricket Council rejected a complaint from Bangladesh that Pakistani pacer Aizaz Cheema deliberately blocked their batsman, Mahmudullah Riyad, in the last over during the tense chase in the Asia Cup final.
ACC, the country's largest cement maker that had temporarily idled a plant in Himachal Pradesh this month, said it has kept all options open on similar shutdowns at its other locations in case there is no satisfactory demand for its products.
The Asian Cricket Council (ACC) has urged India to go ahead with its tour of Pakistan next year, saying that canceling the series would be disastrous for the game in the sub-continent.
Vaibhav Suryavanshi lived up to the hype around his rare talent as India outclassed United Arab Emirates (UAE) by 10 wickets
Pakistan were bundled out for a below-par 108 after opting to bat first. India then chased down the target with as many as 35 balls to spare.
