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with effect from 16 May 2022

Holcim has signed a binding agreement for the Adani Group to acquire its business in India, comprising its 63.11% stake in Ambuja Cement, which owns a 50.05% interest in ACC, as well as its 4.48% direct stake in ACC. The corresponding offer share prices of Rs 385 for Ambuja Cement and Rs 2,300 for ACC translate into cash proceeds of CHF 6.4 billion for HolcimPowered […]

The offer received bids for 5.79 crore shares as against 35.51 lakh shares on offer.

Record date for distribution is 20 May 2022

According to a report by University of Michigan, U.S. consumer sentiment has deteriorated by much more than expected in the month of May. The report showed the consumer sentiment index tumbled to 59.1 in May from 65.2 in April. The report showed the current economic conditions index slid to 63.6 in May from 69.4 in April, dropping to its lowest level since hitting 63.3 in […]

The US stock market finished session substantially higher on Friday, 13 May 2022, as investors once again looked to go bargain hunting following the sharp decline shown by the markets over the past five sessions. At the close of trade, the Dow Jones Industrial Average index added 466.36 points, or 1.47%, to 32,196.66. The S&P500 index grew by 93.81 points, or 2.39%, to 4,023.89. The […]

The first plant with a manufacturing capacity of 250,000 vehicles per annum is expected to be commissioned within the year 2025.

After reporting a sharp increase in U.S. import prices in the previous month, the Labor Department released a report showing imports prices were unexpectedly unchanged in the month of April. The Labor Department said import prices came in flat in April after surging by an upwardly revised 2.9 percent in March. The report said prices for fuel imports slumped by 2.4 percent in April after […]

Sales decline 97.73% to Rs 0.01 crore

As per the Good Clinical Practice (GCP) Inspection Statement dated May 12, 2022, there were no critical or major observations identified.