Adani Group buys Holcim's stake in Ambuja cements and its subsidiary ACC in the most expensive ever, with a price tag of $10.5 billion (around Rs 81,361 crore). That marks the ports-to-energy conglomerate's entry into the cement sector and makes it the second-largest cement producer in the country.
Indian equity benchmarks on Friday extended their fall for the sixth straight day, with the Sensex down 2,041.96 points or 3.72 per cent for the week on stagflation worries, the exodus of capital on flight-to-safety trades.
LIC's Mega IPO: India's biggest-ever initial public offering (IPO), by Life Insurance Corp (LIC), is fully booked under all categories and the focus shifts to the listing on stock exchanges on May 17.
Indian equity benchmarks fell on Friday, snapping a two-day winning run to finish the week on a lower note - dragged by selling pressure across all sectors.