Ambuja Cements' entry into the high-priced Kerala and Tamil Nadu markets won't be disruptive just yet, according to a report by analysts at brokerage Nomura.The analysts wrote that the incumbents are well-placed and that they do not expect any pricing pressure immediately. The incumbents include Ramco Cements.  In its  April 16 report, Nomura issued a reduced call on Ambuja Cements, with a targe...

West Bengal Chief Minister Mamata Banerjee on Thursday said she will not allow implementation of the CAA, NRC, and the Uniform Civil Code in West Bengal.West Bengal Chief Minister Mamata Banerjee declared on Thursday that she would block the implementation of the Citizenship (Amendment) Act (CAA), National Register of Citizens (NRC), and Uniform Civil Code in the state.Speaking at a gathering in K...

Why is Sebi cracking down on mule accounts?Some of the regulatory orders issued by the market regulator in the recent past indicate that certain bankers and wealth managers have been using mule accounts to inflate the subscription numbers of both initial public offerings and debt issuancesMarket regulator Securities and Exchange Board of India(Sebi) has initiated a crackdown against mule accounts....

Zee stock tanks 10% on report of Sebi's uncovering $241-mn accounting issue, According to the Bloomberg report, SEBI has been in conversation with senior officials at Zee including founders, Subhash Chandra, his son Punit Goenka, and some board members to explain their stance.Shares of Zee Entertainment Limited tanked almost 10 percent in morning trade on February 21 after Bloomberg reported that ...

Adani-owned ACC Limited said on January 8 that it will acquire the remaining 55 percent stake in Asian Concretes and Cements Private Limited (ACCPL)  from an existing promoter at an enterprise Value of Rs 775 crore, as the cement and building materials firm looks to boost capacity amid robust demand.  ACC currently holds a 45 percent stake in the company.The acquisition is value accretive consid...