Adani Group-owned ACC Ltd on Monday announced that it will acquire the remaining 55 per cent stake in the cement manufacturer Asian Concretes and Cements Pvt Ltd (ACCPL) at an enterprise value of Rs 775 crore. It currently owns 45 per cent of the company. The acquisition will be funded through internal accruals.

The cost of acquisition will be Rs 425.96 crore for 55 per cent equity.

Supreme Court on Monday quashed the remission of 11 convicts in the Bikis Bano gangrape case and the murder of her family members, by the Gujarat government. It stated that it was not under the territory of Gujarat that the sentence was passed and the accused were convicted.

The bench of Justices B V Nagarathna and Ujjal Bhuyan said that the trial was transferred to the state of Maharashtra from Gujarat and it makes the Maharashtra government as the "appropriate government". This reverses the order passed by the Gujarat government.

Flipkart, owned by Walmart, has commenced a workforce reduction initiative that could lead to a five to seven per cent decrease in its total team, according to a report by The Economic Times (ET). This move is part of the company's annual performance-based job reductions, which have been in effect for the past two years. The process is expected to be completed by March-April, coinciding with the ongoing performance reviews and the end of the ongoing financial year.

The e-commerce giant, with 22,000 employees (excluding Myntra), has been actively managing costs, including freezing fresh hiring over the past year.

Thousands of farmers will descend on the national capital on February 13 to press for several demands that include the guaranteed Minimum Support Price (MSP) based on the C2+50 per cent formula and an increase in the import duties on agricultural products.

C2+50 per cent is a formula to determine the MSP, which is fixed at 50 per cent over the Comprehensive Cost of Production favoured by Dr Swaminathan.

Tata Power Company is all set to invest a whopping Rs 70,000 crore for 10 giga watt (Gw) solar and wind units in Tamil Nadu over a period of five-seven years.

If the investment fructifies, it may well be the largest single investment by Tata Power in any state.

Shares of Fiem Industries hit a new high at Rs 2,441.80, as they zoomed 15 per cent on the BSE in Monday’s intra-day trade after the company said its board will meet on January 15 to consider bonus issue.

In an exchange filing, Fiem Industries said the meeting of the board of directors is scheduled on 15/01/2024, inter alia, to consider and approve /recommend issuance of bonus shares, subject to approval of the shareholders of the company.

India has recorded a single-day rise of 774 COVID-19 cases while the number of active cases stands at 4,187, the Union health ministry said on Saturday.

Two deaths -- one each from Tamil Nadu and Gujarat -- were reported in a span of 24 hours, according to the ministry's data updated at 8 am.

The commerce department is monitoring developments on the situation at the Red Sea, amid exporters holding back their shipments owing to fears about higher freight costs due to shipping vessels being rerouted.

Such shipments include agricultural and textiles products.

MP Kesineni Srinivas (Nani) revealed his decision to quit Telugu Desam Party (TDP) and the MP post following a clear indication that the party resolved to give Vijayawada MP ticket in the upcoming general elections to another candidate.

Mr. Srinivas, who had been at odds with the TDP high command over various issues, including a fight for due recognition within the party, and the importance being given to his younger brother Sivanath (Chinni).

The Special Investigation Team (SIT) of the Mumbai Crime Branch has secured its first arrest in connection with the Rs 15,000 crore Mahadev betting app case, police said on Friday.

As per police, a 27-year-old man, identified as Dixit Kothari, has been arrested in the matter.

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