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Staffing firm Quess to split business into 3 entities

India Business News: BENGALURU: Fairfax Financial Holdings-controlled Quess Corp said it will be demerged into three separate listed entities. ....

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UltraTech: Kesoram assets a good fit for UltraTech, to bring EPS gains

This acquisition is a reflection of the relentless pursuit of UltraTech Cement to achieve 200 MT capacity from close to 132.5 MT at present. Recently, UltraTech had acquired a 0.54 MT cement asset of Burnpur Cement at Patratu, Jharkhand. Considering the company s aggressive capacity addition, analysts estimate the company will be able to reach 200 MT in the next six to seven years. ....

Intelligence Group , Kesoram Industries , Ultratech Cement , Burnpur Cement ,

Siemens' hive offs, capex plans in spotlight

Siemens was considered a better play than ABB India owing to its diversified businesses, but the demerger of the energy business will result in a more comparable set of entities ....

Harshit Kapadia , Siemens Energy , Institutional Equities , Kotak Institutional Equities , Middle East , Elara Securities , Revenue Growth ,

demerged CPSE Cos: Demerged CPSE companies can use parent's name for five years

The bid documents must clearly mention the conditions under which demerged entities may become eligible, it added. It is mandatory for central ministries or enterprises to procure a minimum 25% out of their total annual procurement from micro and small enterprises (MSEs). ....

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dollar bonds: Vedanta dollar bonds slip after plan to split up India business

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents at 1:45 p.m. in Hong Kong, its biggest decline in more than three weeks. Of the four bonds, three were trading below the 80 cents-on-the-dollar mark typically considered distressed. ....

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