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    1. Business News
    2. Authors
    3. rajesh kurup

    Rajesh Kurup

    Three years after it was grounded, Jet Airways gets nod to fly again

    Three years after it was grounded following a financial crunch, Jet Airways is set to take to the skies once…

    By Rajesh Kurup
    May 21, 2022 04:00 IST
    MNCs continue to exit India as the country markets mature

    Switzerland-based Holcim Group is the latest to join the bandwagon of multinational companies (MNCs) quitting India due to macro-economic and…

    By Rajesh Kurup
    May 20, 2022 00:30 IST
    cement sector
    Cement sector set to see new wave of consolidation

    The Adani Group’s acquisition of Holcim’s India assets — Ambuja Cements and ACC — for $10.5 billion may further intensify…

    By Rajesh Kurup
    Updated: May 19, 2022 08:06 IST
    The open offer pricing is at a 7% premium to Ambuja and 9% to ACC Friday’s closing price. This entails additional investment of Rs 31,100 crore at 100% successful open offer, IDBI Capital said in a note.
    Adani family makes open offer for Ambuja Cements, ACC stakes

    The Adani Group, helmed by billionaire Gautam Adani, has made offers of Rs 385 a share for Ambuja Cements and…

    By Rajesh Kurup
    May 17, 2022 02:30 IST
    This is because there is no capital taken out of the country, while Holcim has also not provided assurance of any indemnities or warranties. Further, all liabilities arising out of ongoing litigations would have to be dealt by the new owners, he said.
    No capital gains or any other tax for Adani deal: Holcim CEO Jan Jenisch

    Mauritius-based Holderind Investments, which holds a 63% stake in Ambuja Cements, can claim exemption from capital gains tax under the…

    By Rajesh Kurup
    May 17, 2022 00:30 IST
    adani group
    Adani to acquire Holcim India assets for $10.5 billion: Deal to propel group to second slot in cement

    Adani Group’s acquisition of Holcim’s stake in Ambuja would immediately propel the company to the second slot, with a total…

    By Rajesh Kurup
    May 16, 2022 04:45 IST
    NCLT Mumbai bench, which is hearing the insolvency petition filed by BoI, will hear Amazon's arguments at its next date on June 6. On Thursday, the NCLT asked FRL to file its reply to BoI’s insolvency petition, before the next hearing date.
    Amazon appeals not to admit bankruptcy proceedings against Future Retail

    Alleging that the banks have colluded with FRL with “mala fide” intentions, Amazon, in its petition said this was primarily…

    By Rajesh Kurup
    May 13, 2022 00:15 IST
    “At the Tata group, we are undergoing a massive transformation to become future ready, a transition where we are tightly integrating or embedding digital data, AI and sustainability at the core of the business, building strategy, and most importantly, in the business model itself,” Chandra said.
    Tata Sons chief N Chandrasekaran to add ‘sustainability’, ‘speed’ as themes during his second term at the conglomerate

    According to Chandrasekaran, digital adoption, supply chain rebalances, sustainability, healthcare and global talent pool are the mega trends that would…

    By Rajesh Kurup
    Updated: May 12, 2022 07:39 IST
    Following the lukewarm response, the Committee of Creditors (CoC) has now decided to extend the deadline to submit resolution plans to June 30 from the earlier May 26, they added.
    Poor response to Reliance Capital resolution: Committee of creditors extends date to June 30

    Just eight companies show interest

    By Rajesh Kurup
    May 12, 2022 04:30 IST
    The move gains importance following the cancellation of the Future Retail (FRL) deal by parent Reliance Industries (RIL), which would have bolstered its retail and e-commerce presence across the country.
    Reliance Retail bets big on new commerce for growth

    According to an estimate by ICICI Securities, the company’s growth is expected to sustain over the next two-three years. The…

    By Rajesh Kurup
    May 11, 2022 05:00 IST
    The Group intends to put in $4.5 billion from its own kitty, while the remaining $2.5 billion would be raised from private equity (PE) players, JSW Group chairman and managing director Sajjan Jindal told Financial Times in an interview.
    Holcim bid: JSW offers $7 billion; Adani, UltraTech in the race too

    ArcelorMittal also ‘evaluating’ bids for ACC and Ambuja

    By Rajesh Kurup
    May 11, 2022 04:00 IST
    The sale of the businesses is expected to bring in “some loss, but not a big deal,” JSW Group chairman and managing director Sajjan Jindal said in an interview to The Financial Times. He, however, did not divulge further details.
    JSW Steel to sell Italian businesses as revival fails

    Cevitaly, part of Algerian billionaire Issad Rebrab-led Cevital, had acquired the three companies from Italian steelmaker Lucchini in 2014.

    By Rajesh Kurup
    May 11, 2022 01:00 IST
    The move gains importance following the cancellation of the Future Retail (FRL) deal by parent Reliance Industries (RIL), which would have bolstered its retail and e-commerce presence across the country.
    Reliance Retail bets big on new commerce for growth

    On the new commerce front – which the firm terms as digital and offline stores (kirana, electronic and chemist among…

    By Rajesh Kurup
    May 10, 2022 01:45 IST
    In the notice, Wadia said he had filed a suit to evict Century from the “demised” premises before the Court of Small Causes in Bombay. The court, in its interim order passed on December 22, 2010, had restrained the latter from dealing with the premises and the structures on the land parcel.
    Wadia and Birla at loggerheads again over Mumbai realty project

    The “demised” premises is not available to Century for development, according to the “caution notice” published in several newspapers. The…

    By Rajesh Kurup
    May 7, 2022 06:00 IST
    The two listed subsidiaries will continue to function independently till the closure of the deal.
    L&T Info, Mindtree announce merger: Swap ratio set at 73:100

    “The new shares of LTI so issued will be traded on the NSE and the BSE. Larsen & Toubro will…

    By Rajesh Kurup
    May 7, 2022 02:00 IST
    Interest rate hikes add to automobile sector’s ever-growing troubles

    The cost of financing for the customer would immediately go up and segments like small cars, commuter two wheelers and…

    By Rajesh Kurup
    Updated: May 5, 2022 13:42 IST
    Honda Shine
    RBI rate hike impact: PV, durables demand to remain intact; 2-wheelers to suffer

    Passenger Vehicles, Consumer Durables may not get impacted much by the RBI rate hike. However, for two-wheelers, where there is…

    By Rajesh Kurup
    Updated: May 5, 2022 13:29 IST
    Sectors seeing stress to be affected by rate hike
    Sectors seeing stress to be affected by rate hike

    PV, durables demand to remain intact; 2-wheelers to suffer “There’s a long waiting list of customers for passenger vehicles. Demand…

    By Rajesh Kurup
    May 5, 2022 10:08 IST
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    Tira enters the beauty ring with make-up

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