Signature Global Launches Rs 2,200 Cr Gurugram Housing Project

Odisha Handles Record 187,000 Tonnes Coking Coal at Dhamra Port

In a landmark achievement, Odisha’s Dhamra Port successfully handled its largest ever imported coking coal consignment, receiving 186,782 metric tonnes (MT) imported by Tata Steel Ltd, one of India’s leading steel producers.The vessel, measuring 299.95 metres in length overall with a beam of 50 metres and a maximum draft of 18.40 metres, demonstrated the port’s capability to accommodate large vessels.This milestone underscores Odisha’s growing industrial and logistical capabilities and solidifies Dhamra Port’s position as a premier deep-draft port on India’s eastern coast. The oper..

NCLT Approves Adani Cementation Merger with Ambuja Cements

The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation into Ambuja Cements, clearing the way for the Adani Group to streamline its cement operations under a single entity. The Ahmedabad bench passed the order on 18 July, allowing Ambuja Cements to absorb all assets, operations, and liabilities of Adani Cementation effective from 1 April 2024.This consolidation includes project sites, licences, and ongoing developments, all of which will now be managed directly by Ambuja.As part of the merger, Adani Enterprises will receive 8.7 million equity shares of Ambuja Ceme..

Jio Financial Forms 50:50 JV with Allianz for Domestic Reinsurance

Jio Financial Services announced on Friday a 50:50 joint venture with Germany’s Allianz Group to establish a domestic reinsurance firm serving the Indian market. The JV was signed via Allianz’s wholly owned subsidiary, Allianz Europe BV, and will commence operations upon receiving the necessary statutory and regulatory approvals.Additionally, the companies have entered a non-binding agreement to create equally owned joint ventures for both general and life insurance businesses in India, according to Jio Financial’s statement.This collaboration aims to offer comprehensive protection solut..