USA's pacer Ali Khan made a big disclosure on social media that he has been denied a visa by India to participate in next month's T20 World Cup.
Investors have put money in Ambuja Cements shares as the cement major has moved to consolidate its operations. The Adani Group company has proposed to merge its subsidiaries ACC and Orient Cement into the parent entity.
Poor execution with the bat undid India A's superb bowling performance as Australia A made a clean sweep
Top Indian cement firms are expected to report a strong earnings growth for the second quarter of the financial year 2025-26 (Q2FY26) on a year-on-year (Y-o-Y) basis, amid improved realisations, prices, and steady volume growth, but on a low base.
Ambuja Cements' announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company's first step for wider inorganic expansion, according to analysts.
With over 10 deals announced in 2024, the cement sector logged the highest number of pacts, including acquisitions and fresh financial investments, in a single calendar year since 2014, with the combined value of investments over $3.5 billion. During the year so far, 11 deals have been announced, according to Bloomberg data.
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.
Billionaire Gautam Adani-led Adani Group on Tuesday said it will acquire CK Birla group firm Orient Cement at a valuation of Rs 8,100 crore as part of its expansion drive. Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore.
Adani group is on track to surpass a combined Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 1 trillion in the ongoing financial year (FY25) as it prepares for a $2 billion (over Rs 16,700 crore) share sale by its flagship entity Adani Enterprises next month, according to a source close to the matter.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Ultratech Cement's acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. The deal will raise Ultratech's share, based on India Cements' revenues in FY24, in the domestic market by 230 basis points if the latter is formally acquired by the former in due course. India Cements' share was up 11.5 per cent on Thursday on market expectations of an open offer.
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.
The chargesheet involving India Cements also named two senior serving IAS officers -- special chief secretary (environment and forests), M Samuel, and principal secretary of the irrigation department, Adityanath Das.
India captain Harmanpreet Kaur held her nerves under pressure while opener Jemimah Rodrigues scored an invaluable 33 as Melbourne Renegades beat hosts Hobart Hurricanes by six wickets in a Women's Big Bash League (WBBL) match in Hobart on Saturday.
The main rail and road routes in Andhra Pradesh, connecting the south and east, remained cut off as the Penna river in spate caused heavy destruction on Sunday.
At least five companies looking to raise a cumulative Rs 6,595 crore could launch their initial public offerings (IPOs) next month after a busy August that saw eight IPOs. On Thursday, south-based diagnostic chain Vijaya Diagnostics announced its plans for a Rs 1,895-crore IPO. Ami Organics will announce its plans for a Rs 600-crore issue on Friday.
Andhra Pradesh Chief Minister Dr Y S Rajasekhar Reddy on Tuesday sought a massive central assistance of over Rs 31,000 crore (Rs 310 billion) for accelerating the development in various sectors in the state.
In all, 170 bathing ghats have been readied in Kurnool, Guntur and Krishna districts for the Pushkaram.
C K Vineet's strike guided Bengaluru FC to a solitary goal victory over Singapore's Tampines Rovers in the first-leg quarter-final of the AFC Cup at the Sree Kanteerava Stadium, in Bengaluru, on Wednesday.
YSR Congress chief Y S Jaganmohan Reddy and Andhra Pradesh minister J Geetha Reddy have been named in two fresh chargesheets filed in a local court by the Central Bureau of Investigation, which is probing alleged quid pro quo investments in companies owned by the jailed Kadapa MP.
Naidu vowed to hasten the process of securing clearances by industry.
In a big shot in the arm for the YSR Congress party in Andhra Pradesh, a Central Bureau of Investigation court in Hyderabad on Monday granted conditional bail to its president and Member of Lok Sabha YS Jaganmohan Reddy in disproportionate assets case.
