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Pune-based Sahyadri Industries makes asbestos cement sheets (ACS) and other building materials sold under the brand name ‘Swastik’ with an installed capacity of 4.37 lakh tonnes. Its fibre cement corrugated roofing sheets are used for industrial sheds, air extractors, roof lights, etc. Its residential products division manufactures kitchen cabinets, doors, sign boards, bed cabinets, etc. It is...
For the first time after privatisation of power distribution, consumers in Mumbai have a chance to choose their electricity supplier. Many consumers desperately want to shift to Tata Power from Reliance Infrastructure as the ADA group company has been hiking power tariffs for the past three years. But, in an unprecedented move, the Maharashtra Electricity Regulatory Commission (MERC) has...
SEBI’s interpretation of the takeover code in the Bharti-MTN deal is highly controversial. Vijay Trimbak Gokhale explains
MTN and Bharti Airtel are set to join hands to create the world’s third-largest mobile operator. Bharti had sought an informal interpretative guidance from the Securities and Exchange Board of India (SEBI) on the applicability of the takeover code to the deal. SEBI broke...