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Ambuja Cements appoints Neeraj Akhoury as MD and CEO

New Delhi, Feb. 20 -- Ambuja Cements has appointed Neeraj Akhoury as its new managing director and chief executive officer with effect from 21 February, 2020, the company said in a press release. Akho... Read More


Second time lucky: Liberty House acquires Adhunik Metaliks in cash deal

Mumbai, Feb. 18 -- Sanjeev Gupta's business group - the Gupta Family Group (GFG) Alliance, of which Liberty House is a part - has announced acquisition of bankrupt Adhunik Metaliks and Zion Steel in a... Read More


NCLAT gives JSW Steel immunity from ED in Bhushan Power acquisition

New Delhi, Feb. 17 -- India's top bankruptcy court approved the sale of distressed Bhushan Power and Steel Company to JSW Steel on Monday. The court also gave the buyer immunity from investigations in... Read More


JSW Energy buys GMR's Odisha thermal plant

New Delhi, Feb. 17 -- JSW Energy has agreed to acquire a 1,050 megawatt (MW) coal-fired power plant in Odisha from GMR Energy Ltd for a total consideration of Rs.5,321 crore. The acquisition of GMR K... Read More


NHAI postpones last date for TOT4 bids hoping to garner more buyers

New Delhi, Feb. 15 -- The National Highways Authority of India (NHAI) has decided to extend the last date for submission of bids to 11 March for its fourth package of road assets under toll-operate-tr... Read More


Coronavirus: Moody's says India airports may not be able to tackle outbreak

Mumbai, Feb. 13 -- Indian airports may not be well equipped to tackle a widespread impact of coronavirus as they focus more on substantial expansion programmes, according to a Moody's Investors Servic... Read More


Captive jetties flock to handle more cargo as Gujarat tweaks port policy

New Delhi, Feb. 11 -- Within months of the Gujarat government allowing captive jetties to handle third-party cargo without its permission, eight out of 33 captive jetties in the state have applied for... Read More


Tata Steel reports 1,229 cr Q3 net loss on lower steel prices

Mumbai, Feb. 8 -- Low global steel prices in the December quarter (Q3) sent Tata Steel Ltd into the red, with India's largest private sector steelmaker reporting a consolidated net loss of 1,228.53 cr... Read More


Arcelor-Nippon to boost erstwhile Essar Steel Paradip plant capacity

Mumbai, Feb. 7 -- AM/NS India, a joint venture between ArcelorMittal and Japan's Nippon Steel, plans to enhance capacity at the erstwhile Essar Steel pellet plant at Paradip, Odisha to 6 million tonne... Read More


Tata Steel earnings today: What to expect?

Mumbai, Feb. 7 -- Tata Steel, India's largest private steel company, is expected to report a consolidated revenue of Rs.35,024.6 crore for the quarter ended December, according to a Bloomberg poll of ... Read More