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Nirma to Buy Lafarge India Assets for $1.4 Billion


  Nirma, the Ahmedabad-based totally detergent and soap maker, on Monday announced its acquisition of Lafarge India’s eleven-million- tonne (mt) cement business for $1.4 billion (approximately Rs 9,478 crore), which include debt. The valuation is round $127 per tonne, lesser than the $151 consistent with tonne valuation Lafarge commanded in its aborted cope …

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Rupee gains 30 paise to 67.07 against US dollar


  Rupee traded higher by 26 paise at 67.11 against the US dollar on Monday as exporters and banks stepped up selling of the American currency. Forex dealers said a strong opening in domestic equity markets griped up the rupee, but dollar’s strength against other currencies overseas following bigger-than-expected jump …

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This July, Amazon ‘Prime Day’ Sales Gimmick Is Back


Amazon is renovating its “Prime Day” July sales gimmick as Wal-Mart also tries to go after online customers this summer. The e-commerce center launched the discounting event last year to celebrate its 20th anniversary and to advertise its $99 annual Prime reliability program, which offers free two-day shipping, through sleepy …

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AirtelfailsTrai’s call drop test in Ahmedabad


Nevertheless, most telcos met the benchmark when tests were conducted in Lucknow and Kanpur. All telecom operators, apart from BhartiAirtel failed to satisfy the call drop benchmark in Ahmedabad, as per telecom regulator Trai’s sample drive test. Still, the place was much more upright in two major cities of Uttar …

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