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Mumbai: JSW Paints has agreed to acquire Akzo Nobel's India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic paints market. Ending months of negotiations, JSW has agreed to pick up 74.76% stake in the Akzo Nobel India for Rs 8,986 crore, an over 17% discount to Thursday's price. ET in its May 26th edition was the first to report that JSW had agreed for the billion dollar acquis ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped nearly 8 per cent on Friday morning trade after JSW Paints Ltd announced the acquisition of a majority stake in the firm for about Rs 9,000 crore. The company's market valuation climbed Rs 791.49 crore to Rs 15,330.69 crore. JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stak ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory t ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments," the company said in a statement. PTI ANZ SHW ...Read More >
Akzo Nobel India acquisition: JSW Paints has agreed to acquire a majority stake in Akzo Nobel India, valuing the company at Rs 12,000 crore (approximately $1.1 billion), in a move that will make it the fourth-largest player in India's fast-growing paints market. According to a report by The Economic Times, JSW will acquire a 75% stake for Rs 9,000 crore -- a 17.4% discount to Thursday's closing price. ...Read More >
Bhubaneswar, June 26 (UNI) The Odisha Government today signed two concession agreements aimed at boosting maritime infrastructure in the state. They include the upgradation of Gopalpur Port and construction of a captive jetty at Jatadhara Muhan. The first agreement was signed between Gopalpur Ports Limited and the Odisha Government for the expansion and modernization of Gopalpur Port with a proposed investment of Rs.16,554 crore. Following this upgradation, the port's cargo handling capacity ...Read More >
Digha/Kolkata: Why were those speaking Bengali "being tortured across the country every day", CM Mamata Banerjee said on Thursday. Speaking in Digha, where she has gone to attend the first Rath Yatra of the newly inaugurated Jagannath temple, the CM spoke of Bengali-speaking migrant workers being detained at two places in Odisha.Asking Odisha "not to be jealous", Banerjee said while she respected the Puri Jagannath temple, she expected the same respect for the Digha Jagannath temple."I learnt th ...Read More >
Bhubaneswar: Odisha govt on Thursday signed two major concession agreements, promising a combined investment of over Rs 18,000 crore in maritime trade infrastructure which is expected to create 8,450 jobs.Gopalpur Ports Limited committed to a Rs 16,554 crore investment to expand and develop the Adani Group-controlled Gopalpur Port. This will increase the port's cargo handling capacity to 50 million metric tonnes (MMT) -- from the current 20MMT -- and generate approximately 5,000 jobs, further so ...Read More >
New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL's lenders told the Supreme Court. They also sought an 'open court' hearing of their petitions seeking a review of the top court's May 2 order scrapping JSW's acquisition of BPSL under the bankruptcy law. While JSW filed the review peti ...Read More >
Bhubaneswar, June 8 (SocialNews.XYZ) Odisha Chief Minister Mohan Charan Majhi on Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One year ago, the people of Od ...Read More >
Neeraj Chopra's invitational javelin event - NC Classic 2025 - has been rescheduled to be held on July 5 in Bengaluru, organisers JSW Sports confirmed on Tuesday. The NC Classic was postponed from its original May 24 date last month due to the India-Pakistan cross-border conflict last month. Some of the world's top stars are set to line up for the event at the Kanteerava Stadium next month. Former World Champions Anderson Peters and Julius Yego, as well as Rio 2016 champion Thomas Rohler, were ...Read More >
New Delhi [India], June 6 (ANI): Along with two-time Olympic medallist Neeraj Chopra, two-time world champion Anderson Peters from Grenada, Rio Olympics 2016 gold medallist Thomas Rohler of Germany and Kenya's Julius Yego are some of the names who will be participate in the inaugural edition of the Neeraj Chopra Classic, which will take place on July 5. The NC Classic was originally slated to be held on May 24 but was later postponed to July 5 due to the cross-border tensions between India and ...Read More >
New Delhi [India], June 6 (ANI): Along with two-time Olympic medallist Neeraj Chopra, two-time world champion Anderson Peters from Grenada, Rio Olympics 2016 gold medallist Thomas Rohler of Germany and Kenya's Julius Yego are some of the names who will be participate in the inaugural edition of the Neeraj Chopra Classic, which will take place on July 5. The NC Classic was originally slated to be held on May 24 but was later postponed to July 5 due to the cross-border tensions between India and ...Read More >
Bengaluru, June 6 (SocialNews.XYZ) Excitement for the upcoming Neeraj Chopra Classic 2025 has certainly increased after the organisers gathered a star-studded lineup that will take part in the tournament. Paris Olympic bronze medallist and two-time world champion Anderson Peters of Grenada, along with Rio Olympic silver medallist and former World Champion Julius Yego of Kenya, are among the top stars who will be participating in the competition in India. The Tokyo Olympic Games gold medallist a ...Read More >
Bengaluru, Jun 6 (PTI) Poland's Martin Konecny replaced Asian Games bronze medallist Genki Dean of Japan as the organisers on Friday confirmed the 12-man entry list for the rescheduled Neeraj Chopra Classic international javelin event, to be held on July 5. India's first-ever international javelin competition, originally slated for May 24, was postponed due to military tensions between India and Pakistan last month. Organised by double Olympic medallist Neeraj Chopra in collaboration with JSW ...Read More >
Bengaluru, Jun 6 (PTI) Poland's Martin Konecny replaced Asian Games bronze medallist Genki Dean of Japan as the organisers on Friday confirmed the 12-man entry list for the rescheduled Neeraj Chopra Classic international javelin event, to be held on July 5. India's first-ever international javelin competition, originally slated for May 24, was postponed due to military tensions between India and Pakistan last month. Also Read | Neeraj Chopra Classic Lineup Confirmed: Star Javelin Thrower to Co ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated Ju ...Read More >
Kolkata (West Bengal) [India], June 6 (ANI): Law student Sharmistha Panoli, arrested for allegedly hurting religious sentiments through a social media post, has been granted interim bail by the Calcutta High Court on Thursday. The court directed her to cooperate with the investigation, not leave the country, and furnished bail on a personal bond of Rs 10,000. The court also ordered appropriate police protection for her. Also Read | Goa: Man Held for Trying to Trade Sensitive Data Online Using ...Read More >
New Delhi, Jun 5 (PTI) JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reported ...Read More >
New Delhi, Jun 5 (PTI) JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of ...Read More >
Mumbai, Jan 22 (VOICE) The Maharashtra government and Reliance Industries on Wednesday at the slide lines of the World Economic Forum summit at Davos signed a MoU with an investment of Rs 3,05,000 crore with over 3,00,000 employment opportunities across diverse sectors, including new energy, retail, hospitality, and high-tech manufacturing. With this, is the state government has so far inked 32 MoUs with investment proposals worth Rs 9,30,457 crore. Chief Minister Devendra Fadnavis in his post ...Read More >
New Delhi: JSW MG Motor India on Friday announced their foray into the 'accessible luxury' electric car segment with the unveiling of two new models - MG Cyberster, India's first all-electric Roadster and the MG M9, the first electric three-row limousine, slated to be launched this year. Accessible luxury is usually referred to high-quality products that are priced lower than traditional luxury goods. The two models were unveiled at the Bharat Mobility Global Expo 2025 and the debut was under i ...Read More >
Ranchi, Jan 13 (VOICE) Olivia Shannon, Charlotte Englebert, Salima Tete, and Sonam scored a goal each as Soorma Hockey Club began their Women's Hockey India League (HIL) 2024-25 campaign on a high as they handed Shrachi Rarh Bengal Tigers a dominant 4-1 win here on Monday.Olivia scored in the 38th minute, Charlotte in the 42nd, captain Salima Tete in the 44th and Sonam struck in the 47th minute as Soorma came back strongly after Hannah Cotter (7') scored the only goal of the first quarter for th ...Read More >
Fresh off her recent victory at the Syed Modi International Badminton Championship last week, PV Sindhu is back in news with that special announcement as she is set to embark on a new journey -- this time off the court. The two-time Olympic medallist and former world champion will marry Venkata Datta Sai, an executive director at Posidex Technologies, on December 22 in Udaipur. Sindhu's Syed Modi victory marked the end of a title drought, reinforcing her position as one of India's greatest badmi ...Read More >
Why Is Indian Railways Called Indian Railways, Not Indian Railway? UPSC-Level Question Solved Double Olympic medalist and badminton star PV Sindhu is set to tie the knot with Hyderabad-based Venkata Datta Sai on December 22 in Udaipur. The couple's wedding announcement follows Sindhu's recent triumph at the Syed Modi International tournament in Lucknow, where she ended a long title drought. According to Sindhu's father, PV Ramana, the decision to hold the wedding in December was based on Sindh ...Read More >
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about pr ...Read More >
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Delhi Capitals co-owner Parth Jindal expressed regret over Rishabh Pant's departure from the team after he was released and bought by Lucknow Super Giants for Rs 27 crore. In an emotional post, Jindal referred to Pant as a "younger brother" and expressed hope for a future reunion. Jindal also praised the team's successful IPL auction strategy, resulting in a balanced squad.Delhi Capitals' co-owner Parth Jindal on Tuesday lamented Rishabh Pant's departure from the franchise and hoped to reunite i ...Read More >
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