UltraTech buys unit of Century

After years of being in the works, Kumar Mangalam Birla's UltraTech Cement is finally acquiring the cement business of Basant Kumar Birla-led Century Textiles and Industries Ltd in a share-swap deal for an enterprise value of Rs 8,621 crore.

Graphite India on the prowl

Graphite India Ltd (GIL), the third-largest maker of graphite electrodes globally, is building a "war chest".
Sambit Saha May 21, 2018 00:00 IST

Policy bind over crude spiral

The surge in world crude price has put the Narendra Modi-government in a Catch 22 situation - if it lets retail prices to go up it risks voter anger but faces serious slippages in fiscal deficit if it cuts excise duties to check the retail price.
R. Suryamurthy May 21, 2018 00:00 IST

LG chief passes away

The chairman of LG Group, Koo Bon-moo, who helped transform South Korea's fourth-largest conglomerate into a global brand, passed away on Sunday after a battle with a brain disease.
Reuters May 21, 2018 00:00 IST

Odisha maps strategy for use of metals

The Odisha government is focussed on developing downstream industries that will use the wide array of metals being produced in the state.
Pinak Ghosh May 21, 2018 00:00 IST

Tariff hike warning to US

In a retaliatory move, India has told the WTO that it proposes to raise duties by up to 100 per cent on 20 products such as almonds, apple and specific motorcycles imported from the US from next month, if Washington does not roll back high tariffs on certain steel and aluminium items.
PTI May 21, 2018 00:00 IST

Chinese win in Dhaka bourse race

China's Shanghai and Shenzen stock exchanges have concluded a deal to purchase 450 million shares, or 25 per cent equity, in Bangladesh's top bourse - the Dhaka Stock Exchange - for $120 million, outbidding a counter offer by India, with sheer money power and better terms.
Jayanta Roy Chowdhury May 21, 2018 00:00 IST

Exit from Fortis board

Fortis Healthcare on Sunday said its independent director Tejinder Singh Shergill has resigned from the board because of personal reasons.
PTI May 21, 2018 00:00 IST

Search for balance

The domestic equity market has been volatile since the start of the year owing to various global and domestic developments. In such a scenario, it is important that investors are not unnerved by the volatility and continue with their investments.
May 21, 2018 00:00 IST

Life after retirement

• I am a 59-year-old working in a private firm. I don't have any pension. After retirement, I will get a lumpsum amount. Kindly advise where to invest so that I can get a good monthly income?
May 21, 2018 00:00 IST

India takes US levy row to WTO

India has dragged the US to the World Trade Organisation's dispute settlement mechanism over the imposition of import duties on steel and aluminium, an official said on Saturday.
Agencies May 20, 2018 00:00 IST


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