Holcim Sells India Arm to Billionaire Adani in $ 10 Billion Deal

The Swiss company will sell its 63.1% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group in a deal valuing the business at nearly $ 10 billion, according to a statement Sunday. Adani will inherit Ambuja’s controlling stake in another publicly traded cement producer, ACC Ltd., and buy Holcim’s direct 4.5% holding in the unit, … Read more

UAE’s Etisalat Pays $ 4.4 Billion for Nearly 10% of Vodafone

Etisalat offered about £ 130 ($ 159 dollars) a share, according to Bloomberg calculations. That’s a premium of about 10% to Vodafone’s £ 117.82 closing price Friday. The purchase makes Etisalat Vodafone’s largest shareholder, ahead of BlackRock Inc., the Vanguard Group Inc., and HSBC Holdings Plc, according to Bloomberg data. .

India to Reassess Broadcast Pricing as Media Competition Hots Up

Direct-to-home active subscribers fell to 68.52 million in December from 70.99 million in March 2020. In such conditions, industry representatives say implementation of a new tariff order “will cause large scale disruptions,” the Telecom Regulatory Authority of India said in a consultation paper posted on its website Saturday. .

China Infrastructure Approvals Already 70% of Last Year’s Total

“Actively expanding effective investment not only helps boost demand and cushion downward pressure on the economy, but also promotes structural optimization for high-quality development,” Ou said. While the Covid outbreak puts investment growth at risk, favorable conditions remain, such as the large-scale issuance of special local bonds, he said. .