Dalmia Bharat (Cement)’s deal to acquire cement assets from Jaiprakash Associates continues to linger, close to 15 months from the deal announcement date. With lenders to Jaypee Group reported to be in talks with National Asset Reconstruction Company Ltd (NARCL) and a separate arbitration raging between Jaiprakash Associates and UltraTech Cement, the Dalmia-Jaypee… Continue reading Dalmia’s deal to buy Jaypee Cement assets lingers with arbitration | News
Tag: deal
Lufthansa, ITA Airways deal may lead to higher prices: EU watchdog | World News
Lufthansa (Photo: Unsplash) Lufthansa’s bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday, ramping up pressure on the German carrier to come up with stronger remedies. “A risk of a competition issue is of course that prices go… Continue reading Lufthansa, ITA Airways deal may lead to higher prices: EU watchdog | World News
McDonald’s closes stores in Sri Lanka after deal with partner ended: Lawyer | World News
Sri Lanka, an Indian Ocean island of 22 million people, is recovering from a massive financial crisis. (Photo: Bloomberg) McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. “The parent company… Continue reading McDonald’s closes stores in Sri Lanka after deal with partner ended: Lawyer | World News
McLeod Russel inks deal with Carbon Resources for sale of gardens
McLeod’s crop in India is about 45 million kg (mkg) across 31 estates in Assam and two in Dooars. India’s largest bulk tea producer, McLeod Russel India, has reached an understanding with electrode paste maker Carbon Resources, owned by the Jalans, for sale of tea estates. The size of the deal pegged at Rs… Continue reading McLeod Russel inks deal with Carbon Resources for sale of gardens
Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition Ambuja Cements Q1FY24 profit up 31% YoY to Rs 1,135 crore, margins expand Adani Green Energy to… Continue reading Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
Competition Comm approves Toshiba Corporation-TBJH deal
Fair trade regulator CCI has approved the proposed deal involving Toshiba Corporation and TBJH Inc, an indirect subsidiary of private equity firm Japan Industrial Partners. The deal has been cleared under the green channel route. The combination relates to TBJH Inc acquiring the complete shareholding of Toshiba Corporation. Toshiba is a… Continue reading Competition Comm approves Toshiba Corporation-TBJH deal
DLF down 4% after over 20 mn shares change hands via block deal on BSE
Shares of DLF dipped 4 per cent to Rs 498.75 on the BSE in Tuesday’s intra-day trade after over 20 million shares of the real-estate major changed hands via block deal. At 09:15 AM; around 21.15 million shares representing 0.85 per cent of total equity of DLF changed hands via block deal on the BSE,… Continue reading DLF down 4% after over 20 mn shares change hands via block deal on BSE
Petronet eyes lower prices under renewed long-term deal with Qatar
By Nidhi Verma NEW DELHI (Reuters) – India’s Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world’s top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh. Indications are that the deals have been done at a… Continue reading Petronet eyes lower prices under renewed long-term deal with Qatar
SC calls for evolving process to deal with violence against Manipur women
The Supreme Court on Monday called for evolving a broad mechanism to deal with violence against women in strife-torn Manipur and asked how many FIRs have been registered in such incidents in the state since May. Solicitor General Tushar Mehta, appearing for the Centre, told a bench headed by Chief Justice D Y… Continue reading SC calls for evolving process to deal with violence against Manipur women
From labour to IPR, non-trade issues may not be part of India-Canada deal
The proposed early harvest agreement between India and Canada is unlikely to see inclusion of non-trade issues, such as environment, digital trade, and labour, at this stage, people aware of the matter said. First Published: Jul 30 2023 | 10:46 PM IST Source link