Udit Prasanna Mukherji
Article
Birla enters wires biz after Kesoram buy
Feb 26, 2025UltraTech Cement, part of the Aditya Birla Group, is acquiring Kesoram Industries from the BK Birla Group with a share swap ratio of 1:52. This acquisition, effective from March 1, values Kesoram at Rs 7,600 crore. UltraTech will also enter the wires and cables market with a Rs 1,800 crore investment. Kesoram's cement units will increase UltraTech's capacity to 149 mtpa.
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Hello, Tata: On BGBS eve, Bengal CM Mamata Banerjee's call sets ground for reunion
Feb 6, 2025Bengal CM Mamata Banerjee called Tata Sons chairperson Natarajan Chandrasekharan to attend the Bengal Global Business Summit. Although unable to attend, he expressed a desire to invest more in Bengal. Banerjee also requested a direct flight from Kolkata to Europe. Chandrasekharan promised to discuss future plans and explore the flight possibility.
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Mukesh Ambani, Sajjan Jindal showstoppers on BGBS Day 1, pledge Rs 80,000 crore
Feb 6, 2025Mukesh Ambani and Sajjan Jindal announced investments of over Rs 80,000 crore in Bengal within the next 4-5 years at the Bengal Global Business Summit. Reliance Group will invest Rs 50,000 crore, focusing on digital and retail expansion, while JSW Group plans to set up power plants and an industrial park.
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West Bengal hospitality boost: State to get 32 luxury hotels in 3 years
Jan 26, 2025Over the next two to three years, Bengal will see the addition of 32 luxury hotels with an investment close to Rs 5,000 crore, significantly boosting the state’s tourism industry. The state is also set to hold its largest MICE conclave, positioning Bengal as a prominent MICE destination and enhancing its tourism revenue.