The new Parliament building, whose foundation was laid in December 2020 by Prime Minister Narendra Modi, is being constructed in its vicinity and the work is expected to be completed before the Winter Session.
Swiss building material major Holcim has said its $6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding). "So, according to our analysis, it is a tax-free transaction," Holcim CEO Jan Jenisch said while addressing investors after the deal on Monday." When asked about the tax implications, he said: "Never know if any complication arises, but we assume that we will get the 6.4 billion Swiss Francs as net proceeds." As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion ($6.38 billion).
Adani Group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion. Markets regulator Sebi granted approval for the open offer last week.
"People will have to leave their cars and take the public transport," in a bid to get around the parking problems said deputy Athens Mayor Theodoros Skylakakis.
A cold snap in Europe and parts of America has caused chaos and crippled the lives of thousands. There have been over 20 weather-related deaths across Europe -- with snow continuing to fall across the continent. In America, Washington was blanketed in white after the US capital was hit by its first snow of the year. Here are glimpses from the snow bomb.
The IMF dashed any hope that Athens could avert default.
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