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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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Rupee weakens 9 paise to 73.92 against US dollar in early trade
Posted on 16th October 2018
The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

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Good news: Pink Line Delhi Metro to open by Diwali
Posted on 16th October 2018
The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

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Rs 15,000 crore in 5 days: Amazon, Flipkart clock record numbers during festive sales
Posted on 16th October 2018
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Durga Puja Security Alert: Bangladeshi terrorists planning serial blasts in Bengal, explosives to be supplied from Nepal
Posted on 16th October 2018
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RIL may buy controlling stakes in Hathway, DEN Networks; stocks rally
Posted on 16th October 2018
Shares of Hathway Cable and DEN Networks rallied up to 8 per cent in opening deals on Tuesday on reports that Mukesh Ambani led-Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom, and DEN Networks, as it seeks to ramp up coverage of its ambitious high-speed broadband network.

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