News digest: UltraTech to buy Binani Cement, telecom battle, and more

Banks Board Bureau (BBB) Chairman Vinod Rai on Monday hit out at the government for sitting over its slew of recommendations for public sector banking reforms

Bankruptcy case: UltraTech to pay Rs 73 bn for 98% stake in Binani Cement

It was a day of high drama in the Binani Cement bankruptcy case with promoter Binani Industries entering into an agreement to sell the cement company’s shares to UltraTech Cement, even as the National Company Law Tribunal’s (NCLT’s) Kolkata bench heard petitions from UltraTech and Braj Bhushandas Binani, director and promoter of Binani Cement. Read more...

Domestic investment bankers rake in hefty bonuses as issues swell

Domestic investment bankers are set to sign off a blockbuster year for equity fund-raising by taking home hefty bonuses, ranging between