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    • UltraTech to complete Century Cement merger by September: Kumar Mangalam Birla

      The deal, which has long been in the works involving Kumar Mangalam Birla and his grandfather BK Birla (who passed away earlier this month) will give UtlraTech market leadership in all regional markets.

    • Ultratech gets CCI nod to acquire Century cement biz

      The company said the CCI has given its approval for the share swap deal between the companies, Ultratech said in a regulatory filing.

    • CCI slaps over Rs 6,700 crore fine on 11 cement cos

      Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

    • 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.

    • CCI to cement cartel: Pay 50% of FY10, FY11 profits as fine

      The Competition Commission of India (CCI) has slapped around Rs 6,000 crore penalty on 11 cement companies for forming a cartel. The penalty accounts for 50% of their FY10 and FY11 profits.

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