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Mint Explainer | Why Adani is folding its cement assets into Ambuja now

MUMBAI, Dec. 23 -- After spending nearly $10 billion over three years to build India's second-largest cement business, the Adani Group is moving to simplify what has become a sprawling corporate struc... Read More


IndiGo crisis rekindles questions over DGCA's revolving-door leadership

MUMBAI, Dec. 21 -- The operational meltdown by IndiGo, India's largest airline, in the first week of December has brought back to the fore the need for experienced specialists running the country's av... Read More


Mint Explainer | Vedanta demerger gets NCLT nod: Timeline, debt, investor impact

New Delhi, Dec. 17 -- Vedanta Ltd on Tuesday received approval from the National Company Law Tribunal to proceed with the proposed demerger of its operations into five separately listed entities, mark... Read More


Indigo stock may not soar on Sensex debut, but it will curb the crash, analysts say

New Delhi, Dec. 12 -- Shares of InterGlobe Aviation Ltd, which runs IndiGo, are unlikely to stage a major recovery once the stock joins the Sensex on 22 December as investors await clarity on regulato... Read More


Tata Steel board greenlights domestic expansion, moves to secure iron ore

New Delhi, Dec. 10 -- The board of Tata Steel Ltd on Wednesday cleared a series of expansion initiatives as part of its long-term India growth strategy. In a statement, the steelmaker said it receive... Read More


Cement cos target premium products to lift margins

Mumbai, Dec. 4 -- Cement makers such as Nuvoco Vistas, Birla Corp. and JK Lakshmi Cement are leaning on premium products to boost margins without raising prices-an approach analysts say may work for n... Read More


JFE's Bhushan Steel deal to help JSW slash debt

Mumba, Dec. 4 -- In a deal that is expected to ease its stretched balance sheet while sustaining an expansion drive, billionaire Sajjan Jindal-led JSW Steel will transfer the steel assets of Bhushan P... Read More


JSW Steel eyes sharp debt reduction through joint venture deal with Japan's JFE

Mumbai, Dec. 3 -- In a deal that is expected to ease its stretched balance sheet while sustaining an expansion drive, billionaire Sajjan Jindal-led JSW Steel will transfer the steel assets of Bhushan ... Read More


Cement companies push for premium products, analysts predict price war in the segment

New Delhi, Dec. 3 -- Cement makers such as Nuvoco Vistas Corp., Birla Corporation and JK Lakshmi Cement are increasing their focus on premium products to lift margins as an alternative to price hikes ... Read More


Finance ministry rejects Washington Post's claims of influence on LIC investments in Adani firms

Mumbai, Dec. 1 -- The finance ministry does not issue any advisory or direction to Life Insurance Corporation of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told... Read More