Binani

The bid by UltraTech is nearly Rs 1,000 crore higher than the lead competitor Dalmia Bharat's offer.

Hope for UltraTech-Binani deal alive post NCLT order

"The decision by the NCLT today reaffirms the chances for an out-of-court settlement," Sameer Kaji, Senior Advisor, Binani Cement said.

Dalmia Cement hits out at UltraTech over 'misleading' claims on Binani bid

Stating that evaluation criteria were made known to all before the bids, Dalmia Cement Bharat Group CEO Mahendra Singhi said no evidence has been cited to show that the CoC (Committee of Creditors) and its advisors did not make a correct assessment of bids.

Budget proposals to create strong base for growth, says ICSI

The ICSI (Institute of Company Secretaries of India) chief also said providing enabling environment and reduction of tax rates for startups, reduction of tax litigation and development of infrastructure, among others, are commendable.

CCI cautions against cartelisation, warns of severe penalty

The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.

Binani Cement set to delist from bourses

Binani Cement, part of the Braj Binani group, is set to delist from Indian bourses, as a culmination of its share buy-offer to shareholders in this regard. The promoters have agreed to accept all the shares tendered at or below the discovered price as defined in the rules, which will take their shareholding above 90%.