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New Delhi: Fair trade regulator CCI on Tuesday cleared conglomerate ITC Ltd's proposal to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. The development came after ABREL in March this year announced that its board has approved the execution of the business transfer agreement for the divestment of the pulp and paper undertaking situated in Lalkuan, Uttarakhand, by way of a slump sale to ITC. The Competition Commission of India (CCI) said it has ap ...Read More >
The Competition Commission of India has approved ITC Ltd's Rs 3,498-crore acquisition of Aditya Birla Real Estate's pulp and paper business in Uttarakhand. The slump-sale deal will transfer Century Pulp and Paper to ITC. ABREL said the divestment will unlock value and allow sharper focus on its core real estate business, while ITC strengthens its paperboards and packaging segment. New Delhi: Fair trade regulator CCI on Tuesday cleared conglomerate ITC Ltd's proposal to acquire the pulp and pape ...Read More >
It's one of the most exclusive brews in the world, a luxury coffee that can cost more than US$1,000 a kilo, served in high-end cafés from Tokyo to London. But according to a new study, the secret behind its rich flavour and smooth texture lies somewhere most people would never expect: the digestive tract of a wild animal. Researchers from the Central University of Kerala, India, have now confirmed that the world's most expensive coffee, civet coffee or kopi luwak, is chemically distinct precisel ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, ...Read More >
Lucknow: In a breakthrough, ICAR-CISH scientists have innovated a method to craft mango wine from pulp, extending the fruit's flavour beyond its seasonal availability. Mango wine may now be available throughout the year, even when the mango season is over. The technology developed by ICAR-CISH (Central Institute for Subtropical Horticulture) involves preparing mango wine using the pulp of mangoes when fresh fruits are not available. Previously, mango wines were prepared using only the fresh juic ...Read More >
NEW DELHI: The death toll in a chemical factory blast in southern India rose to 45 on Tuesday (July 1) as more bodies were retrieved from the rubble. The facility at Pashamylaram near Telangana state's capital Hyderabad belonged to Sigachi Industries Limited. It made microcrystalline cellulose, a clarified wood pulp in powder form used in industries such as food and beverage, pharmaceuticals and cosmetics. There were 143 people at the site when the blast occurred in a reactor and caused a hug ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu on Thursday held a review meeting at his Undavalli camp office to address procurement and pricing concerns for cocoa, mango, and tobacco crops, reaffirming his government's commitment to supporting farmers. Naidu stressed a farmer-centric approach, directing officials to conduct field visits, anticipate challenges, and ensure global standards in agricultural production. He announced a dedicated cocoa policy to promote high-quality output and enhanc ...Read More >
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