Cement consolidation: Ambuja merges ACC and Orient into one platform; what the Adani Group’s scale bet means for investors

Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…

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‘We had no contact’: Shaheen’s elder brother breaks silence after Delhi blast; family struggles to believe terror link

Mohammad Shoaib (PTI image) NEW DELHI: Two days after the deadly car blast near Delhi’s Red Fort, new revelations from the family of arrested doctor Shaheen Sayeed have added a personal dimension to the ongoing terror investigation.Speaking to PTI in Lucknow, Mohammad Shoaib, Shaheen’s elder brother, has said the family is in “complete disbelief” over…

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