Holcim to contest Indian price fixing fine
Holcim has said will defend the position of its two Indian units on the penalties imposed by the Competition Commission of India (CCI) for price fixing. Yesterday, the CCI annou...
India
2,876 posts · Page 278 of 288
Indian producers issued with record fine on price fixing
Eleven Indian cement producers have been issued a total fine of INR60bn (US$1.1bn) for price fixing, the highest ever fine issued by the country’s antitrust authority in its thr...
Indian producers face alleged cartel fines
The Competition Commission of India (CCI) is expected to soon impose fines over alleged price collusion in the industry. According to local press reports, the CCI is expected to...
Reliance MF hikes stake in Madras Cements, India
Reliance Mutual Fund has increased its stake in India-based producer Madras Cements to just over five per cent with the acquisition of 90,000 shares. With this acquisition on 14...
India Cements receives approval for future expansion
India Cements has received approval from the environment ministry as it gathers the necessary approvals for the possible expansion of its existing plants. The Times of India rep...
Karnataka Cabinet approves land for cement plant
The Karnataka cabinet has cleared the proposal of JK Cements to acquire additional land for setting up a cement plant. Economic Research of India states that the company will ac...
Lafarge, UltraTech eye Jaiprakash units, India
Aditya Birla Group and Lafarge are separately in talks to buy Jaiprakash Associates cement units, the Economic Times reported on Friday. Officials from Lafarge and the Aditya Bi...
VSP plans slag-based cement plant, India
Visakhapatnam Steel Plant (VSP) is planning a slag-based steel plant with a plan outlay of about INR2000 crore, Business Standard of India reports. VSP is generates over 800,000...
India’s May output rises 13.5 per cent
India's cement production in May rose 13.5% on year to 16.2Mt, the Cement Manufacturers' Association said today. Cement output in May was 1.1% higher than 16.01Mt produced in th...
Jaiprakash in talks to sell one Indian cement unit
Jaiprakash Associates is in talks to sell one of its cement units to UltraTech Cement, Bloomberg reports. The company is seeking a valuation of about INR40bn for the division an...