 "Top headlines: MoD spends 65% domestically, cement prices to rise, and more")
How Ukraine war is pushing up cement prices in India; why Gautam Adani is investing in West Bengal. Top headlines this evening tell you why.
MoD spends 65% of FY22 capital budget on domestic procurement
The Ministry of Defence (MoD) announced on Wednesday that it had exceeded its target of spending 64 per cent of the capital acquisition budget on domestic industry in FY22. Read more.
HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr
Supreme Court stays anti-encroachment drive by authorities in Jahangirpuri
The Supreme Court on Wednesday stopped the anti-encroachment drive by authorities in violence-hit Jahangirpuri area here, and agreed to hear a petition challenging the action of the civic bodies allegedly aimed against the riot accused. Read more.
India cement prices expected to rise by 6-13% as Ukraine war continues
Following the rise in prices of imported coal, pet coke and crude oil against the backdrop of the Russia-Ukraine conflict, domestic cement prices are expected to increase by 6-13 per cent across the country. Read more.
Adani Group commits to invest Rs 10,000 cr in Bengal over next decade
The Adani Group on Wednesday committed to invest Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday. Read more.
MoD spends 65% of FY22 capital budget on domestic procurement
The Ministry of Defence (MoD) announced on Wednesday that it had exceeded its target of spending 64 per cent of the capital acquisition budget on domestic industry in FY22. Read more.
HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr
Mortgage lender HDFC Ltd has entered into a binding agreement to sell 10 per cent stake in HDFC Capital Advisors Ltd to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. Read more.
Supreme Court stays anti-encroachment drive by authorities in Jahangirpuri
The Supreme Court on Wednesday stopped the anti-encroachment drive by authorities in violence-hit Jahangirpuri area here, and agreed to hear a petition challenging the action of the civic bodies allegedly aimed against the riot accused. Read more.
Following the rise in prices of imported coal, pet coke and crude oil against the backdrop of the Russia-Ukraine conflict, domestic cement prices are expected to increase by 6-13 per cent across the country. Read more.
Adani Group commits to invest Rs 10,000 cr in Bengal over next decade
The Adani Group on Wednesday committed to invest Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday. Read more.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%