NCLT has rejected Binani Cement's argument that Bank of Baroda's application to initiate bankruptcy proceedings against it had technical flaws
2 min read26 Jul 2017Though acquisition of Jaiprakash Associates cement assets has boosted UltraTech Cement size, the latter's units operate at a high variable cost and at a relatively low capacity utilization of 50-55%
2 min read3 Jul 2017UltraTech Cement's acquisition of Jaiprakash Associates's cement assets marks the conclusion of the biggest 'stressed assets' resolution yet in the country
3 min read1 Jul 2017The strategic acquisition of two Jaypee group assets is weighing on the Orient Cement stock and is expected to impact the latter's earnings in the near future
2 min read16 Jun 2017The acquisition of Jaiprakash Associates cement assets will UltraTech Cement's production capacity by a third to 90.7 million tonnes per annum
2 min read22 May 2017Yes Bank and IndusInd Bank's Q4 results showed surge in bad loans and provisions following RBI's new asset quality rules and exposure to Jaiprakash Associates
3 min read20 Apr 2017According to people familiar with the matter, the money was raised by Nirchem, a special purpose vehicle created by Nirma for the buyout
1 min read15 Sep 2016ACC's share prices gave up its morning gains and closed lower even after reporting a 36.5% and 79% rise in operating profit and net profit in June quarter
2 min read27 Jul 2016LafargeHolcim to focus on consolidation and inorganic growth; UltraTech Cement to rebalance its existing capacities
3 min read26 Jul 2016Cost benefits overshadowed the drop in realization, resulting in a 25% rise in operating profit in the June quarter
2 min read20 Jul 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared