ADITYA KALRA
Adani-owned Ambuja Cements to acquire majority stake in Sanghi Industries: Sources
Adani is India's second largest cement producer, behind UltraTech Cement. It owns Ambuja and its subsidiary ACC Ltd, which have a capacity to produce more than 65 million tonnes with more than a dozen manufacturing plants across India. Sanghi is one of the leading cement manufacturers from Gujarat state in western India. It has a production capacity of 6.1 million metric tonnes per annum, its website says.
Ola Electric targeting $1.5 billion sales this year, pre-subsidy cut document shows
The $1.5 billion revenue target compares with a result of $335 million for the past financial year, two people briefed on the matter said, adding that there had been no change to Ola's internal estimates since the document was drawn up in April.
Delhi city asks judge to quash Pernod's liquor licence rejection appeal
Authorities in New Delhi have told Pernod Ricard that the company did not meet the requirements for a licence, according to a court filing seen by Reuters. Pernod, whose brands include Absolut vodka and Chivas Regal, has not been able to sell its products in Delhi for six months after its licence was rejected due to an investigation into allegations the company had illegally obtained profits and supported retailers financially. The company asked a judge to grant it a licence in May, saying there was no proof of wrongdoing.
Zorawar Kalra’s Massive Restaurants plans to set up new fund for US expansion
Massive Restaurants has operations in 10 countries. “We plan to be in 12 countries by mid-2024. The performance of the international units is extremely encouraging, and the unit economics are favourable to harbour the development of many more restaurants in many of these international geographies,” Kalra said.
Centre opposes recognition of same-sex marriage in SC citing personal laws, societal values
At the same time it submitted that though the Centre limits its recognition to heterosexual relationships, there may be other forms of marriages or unions or personal understandings of relationships between individuals in a society and these "are not unlawful".
SpiceJet says airplane aborted Mumbai takeoff due to caution alert
A SpiceJet Q400 aircraft scheduled to fly from India's financial hub Mumbai to Kandla in the western state of Gujarat aborted take off "owing to illumination of a caution alert," the airline said in a statement.
India may build new coal plants due to low cost despite climate change
Coal's contribution to electricity generation in India fell for the second straight year in 2020, marking a departure from decades of growth in coal-fired power. Still, the fuel accounts for nearly three-fourths of India's annual power output.
Maharashtra shuts most manufacturing, restricts e-commerce to fight COVID-19
On Tuesday, state chief minister Uddhav Thackeray ordered most establishments and public places will be closed in the state except those which are deemed essential, including grocery shops, hospitals, banks and stock exchanges.
India antitrust body raids cement giants UltraTech, LafargeHolcim units: Sources
Several officers of the Competition Commission of India (CCI) were involved in search operations conducted simultaneously at multiple locations in India, late into the evening, the sources said.
India's fraud-hit PMC Bank asked other major banks for a merger, says administrator
Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) took control of it after detecting financial irregularities.
Netflix argues for free speech in court spat with Indian tycoons over 'Bad Boy Billionaires'
"Bad Boy Billionaires" is a documentary series about liquor tycoon Vijay Mallya, Sahara group's Subrata Roy, Indian IT executive Ramalinga Raju and jeweller Nirav Modi. Netflix put the show on hold this month on order of a state court where Sahara alleged violation of Roy's privacy rights.
India data-curb plan 'anathema', U.S. tech giants plan pushback
A USIBC spokeswoman had no comment on the draft letter. The U.S. Chamber of Commerce didn't respond to Reuters queries.
Panel proposes new regulator for non-personal data: Draft report
"There is a need to create a regulator or authority for data business, which provides centralized regulation for all non-personal data exchanges," the government-appointed panel said in the report. Such a regulator would be armed with legal powers to request data, supervise data sharing requests and settle disputes, it added.
Should you buy Sun Pharma, Coal India, Hindalco post Q3 numbers?
Citi and CLSA maintained ‘Buy’ on Sun Pharma with a target price of Rs 540 and Rs 560 per share.
Glenfiddich World’s Most Experimental Bartender: Experimentation and experience at its best
Bartender Rohan Matmary and his collaborator, singer Sonam Kalra, stood out with their creativity.
DGCA to take views of all affected parties in IndiGo probe
The incident, that happened on October 15, was condemned by the civil aviation ministry, which has sought a detailed probe by the Directorate General of Civil Aviation (DGCA).
IndiGo at receiving end of public ire, Aditya Ghosh apologises to Jayant Sinha
Shares of Interglobe Aviation, the airline’s parent, fell 2.29% to end the day at Rs 1,181.75 on the BSE, underperforming the benchmark Sensex that closed 0.46% lower.
ET Young Leaders: The jury looked for these diverse attributes while selecting the winners
The four-phase assessment was conducted in partnership with CEB, global leader in leadership assessment. The candidates were evaluated by a CEO panel of 11.
U.S. pressing India to avoid capping medical device prices, allow withdrawals
PM Modi's government has in recent months slashed prices of medical devices such as knee implants and heart stents by up to 75 percent to make them more affordable.
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