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UltraTech considers buying stake in Kenya’s ARM Cement: report
Posted on 12th January 2016
Nairobi/Mumbai: UltraTech Cement Ltd, backed by K.M. Birla, may buy a controlling stake in ARM Cement Ltd of Kenya, a Nairobi-based newspaper reported.

ARM announced on 23 December it’s in talks with an unidentified institutional investor about a $125 million investment. Chief executive officer Pradeep Paunrana declined to comment on Tuesday when Bloomberg called him, citing regulatory compliance.

Pragnya Ram, a spokeswoman for the Aditya Birla Group that controls UltraTech, didn’t immediately respond to an e-mail and a text message seeking comment.

Related Companies: Unitech Limited   

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Suresh Kumar assumes additional charge as Coal India CMD
Posted on 23rd April 2018
New Delhi: Senior bureaucrat Suresh Kumar on Monday assumed the additional charge as chairman and managing director (CMD) of state-owned Coal India Ltd.

Kumar, additional secretary with the coal ministry, has taken over from Central Coalfields Ltd CMD Gopal Singh, who was appointed as interim chairman of the world’s largest coal miner in September last year.


Volvo S90 Ambience Concept: A three-seat saloon that connects to three senses including smell!
Posted on 23rd April 2018
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Xi Jinping, Narendra Modi to discuss US’ ‘protectionist’ trade policy, ‘unprecedented’ developments
Posted on 23rd April 2018
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Google CEO Sundar Pichai to cash in $380 million share award
Posted on 23rd April 2018
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After RBI, Raghuram Rajan to work for Bank of England?
Posted on 23rd April 2018
Former governor of the Reserve Bank of India, Raghuram Rajan as been named as one of the contenders for the top job of the UK’s central bank. The leading Financial daily, Financial Times has named Raghuram Rajan as someone who might replace Mark Carney, he current governor of Bank of England.

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