Tag Archives: markets

Indian petrochemical company to increase investment in Egypt

CAIRO: India’s largest investor in Egypt’s chemical business is planning to increase its investments in the Middle Eastern country to USD 1.5 billion, the company’s top executive has said. The petrochemicals giant TCI Sanmar‘s current investments in Egypt are estimated … Continue reading

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Gorilla Glass maker, Corning, eyes tie-up with Indian companies

NEW DELHI: Corning, makers of Gorilla Glass, used to cover touch screens in the most high-end mobile handsets, is looking at tie-ups with local device makers , with an aim to increase revenue from India, which is considered among the … Continue reading

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Fertiliser Ministry moves Cabinet note, to trim potash subsidy by Rs 900 crore

NEW DELHI: After receiving Election Commission‘s nod, the Fertiliser Ministry has moved a Cabinet note to reduce potash fertiliser subsidy for 2014-15 fiscal, which would result in savings of Rs 900 crore to the exchequer. The Ministry has moved a … Continue reading

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Ultratech-Jaypee Rs 3,800 cr deal gets CCI approval

NEW DELHI: Aditya Birla Group firm Ultratech ‘s nearly Rs 3,800 crore deal with Jaypee Cement Corporation to acquire its facilities in Gujarat, has received approval of fair trade watchdog CCI that ruled the transaction does not raise unfair competition … Continue reading

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Lafarge-Holcim merger gets CCI approval; will have to divest two cement plants

NEW DELHI: The Competition Commission of India (CCI) has cleared the proposed merger of French cement maker Lafarge and Swiss peer Holcim, which will create the world’s largest cement company by manufacturing capacity and sales. The CCI approval, however, came … Continue reading

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CCI may force Lafarge-Holcim to sell assets; merger would make it No 1 in India

MUMBAI: The Competition Commission of India (CCI) may have to sign off on merger plans by France’s Lafarge and Switzerland’s Holcim as any deal would have a significant impact on the local cement industry, experts said, adding that the antitrust … Continue reading

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Cement demand growth expected to be around 3.5%-4% during FY18: ICRA

MUMBAI: Cement demand growth is expected to be around 3.5%-4% during the current financial year, a downward revision against the earlier estimate of 5% as there has been a delay in the revival of cement demand during the first half … Continue reading

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We are going through pain, but preparing for the turnaround: Sunil Mathur, Siemens India CEO

By Rachita Prasad, Ashutosh Shyam and Arijit Barman MUMBAI: He is the first Indian to head the storied German engineering major Siemens’s India business. Better still, he is also one of the few finance executives to get the top job … Continue reading

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Moog plans to expand operations in India

BANGALORE: Moog Inc, which makes high precision motion control equipment for aerospace, defence and industrial applications, aims to expand its servo motor R&D and manufacturing in India. NYSE stock exchange-listed Moog already makes motors in Bangalore that it exports to … Continue reading

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