Adani Group-owned Ambuja Cements on Thursday acquired Penna Cement at an enterprise value of Rs 10,422 crore, the company said in a BSE filing.

Ambuja Cements, a part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL).

Vodafone Idea (Vi) has decided to offer a Rs 2,458 crore stake in the financially beleaguered telecommunications (telecom) operator to long-term vendors Nokia and Ericsson in a bid to partially clear outstanding dues.

The company’s board has approved the preferential issue of 1,027 million equity shares with a face value of Rs 10 each to Nokia and 633.7 million shares to Ericsson, Vi said in a regulatory filing on Thursday.

A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said.

The three approvals issued to Orbit Connect India - which aims to provide satellite-based high-speed internet access - come as companies from Amazon.com to Elon Musk's Starlink have been vying for the go-ahead to launch satellite communication services in the world's most populous nation.

Following the tragic fire incident in Kuwait, in which around 40 Indians have died, the External Affairs Minister spoke to his Kuwaiti counterpart Abdullah Ali Al-Yahya, and urged the early repatriation of the mortal remains of those who lost their lives in the incident.

Jaishankar said that he was assured that the incident would be fully investigated.

The price of 24-carat gold jumped Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 72,170, according to the GoodReturns website. The price of silver also jumped Rs 100, with one kilogram of the precious metal selling at Rs 91,400.

The price of 22-carat gold was also up by Rs 10, with the yellow metal selling at Rs 66,160.

Over 40 Indians were killed and more than 50 others injured after a devastating fire broke out at dawn in a building housing around 195 migrant workers in southern Kuwait's Mangaf area, officials said on Wednesday.

The total number of people killed in the Al-Mangaf building was 49 and 42 of them are learnt to be Indians; the remaining ones are Pakistani, Filipino, Egyptian and Nepali nationals, they said.

Senior BJP leader Nitin Gadkari on Wednesday took charge as the Minister of Road Transport and Highways.

In a post on X, formerly known as Twitter, Gadkari conveyed his heartfelt gratitude to Prime Minister Narendra Modi for reassigning him this role in Modi 3.0 and remarked that India will be equipped with world-class, modern infrastructure at an accelerated pace under Modi Ji's visionary leadership.

US President Joe Biden and Indian Prime Minister Narendra Modi would likely "have the opportunity to encounter one another" on the sidelines of the G7 Summit in Italy, National Security Advisor (NSA) Jake Sullivan said here Wednesday.

He (Biden) expects to see Prime Minister Modi here. It's up to the Indians to formally confirm his attendance, but our expectation is that the two of them will have the opportunity to encounter one another.

State-owned NBCC (India) Limited has bagged a Rs 100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities at Guwahati in Assam.

In a statement on Wednesday, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with advanced laboratory facilities at Guwahati in Assam.

Real estate firm Brigade Group will invest more than Rs 8,000 crore in Chennai for residential, office, retail and hospitality projects spread over 15 million square feet (mn sq ft), it said on Wednesday.


It announced the launch of Brigade Icon Residences, which will be part of a high-end mixed-use development in Chennai’s historic Mount Road. The gross development value (GDV) of the residential projects is estimated to be more than Rs 13,000 crore by 2930.

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