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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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NEW DELHI: Telecom service provider Idea Cellular on Thursday announced "cashback offer" worth Rs 3,300 on online recharges of Rs 398 and above till February 10, 2018.

"On all 'Unlimited' plan recharges of Rs. 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs. 50 each," the company said in a statement here.


Padmaavat's creative right
Posted on 19th January 2018
 
New Delhi: The Supreme Court on Thursday cleared the nationwide release of Sanjay Leela Bhansali's film Padmaavat, staying the bans imposed by four BJP-ruled states and observing that "creative content" is a constitutional right.

The bench of Chief Justice Dipak Misra and Justices A.M. Khanwilkar and D.Y. Chandrachud said that all the states and Union territories must ensure peaceful screenings of the film, scheduled for a January 25 release, and provide protection to its crew.


 
Mumbai: India’s most-valued lender HDFC Bank Ltd on Thursday crossed Rs5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. The scrip closed at Rs1,931.80, up 2.15% with a market cap of Rs5 trillion.


 
The benchmark BSE Sensex rose by about 131 points in early trade today, extending gains for the third session on continued foreign fund inflows amid encouraging quarterly results.

Besides, a firm trend at other Asian bourses influenced the sentiments here.


 
To provide safe and plentiful energy for future robotic and human missions for Mars and beyond, NASA is conducting experiments on Kilopower — a small nuclear reactor that can generate a reliable power supply. This pioneering space fission power system could provide up to 10 kilowatts of electrical power — enough to run two average households — continuously for at least 10 years, the US space agency said in a statement on Friday. Four Kilopower units would provide enough power to establish an outpost.

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