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China cements influence in Iraq through oil, infrastructure deals

Labourers work on the construction site for a school, part of the Iraq-China ‘oil for construction’ deal, in the Sumer neighbourhood of Nasiriyah city, in Iraq (AFP) BAGHDAD: China has gained a major foothold in oil-rich Iraq, shaking up Western domination in fields from energy to construction, even as some warn that infrastructure projects could …

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Adani to launch open offer for ACC and Ambuja Cements on August 26

The Adani Group is likely to launch next week an open offer worth ₹31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling …

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Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel, Wockhardt

Stocks to watch today: After domestic markets snapped eight-day winning streak on Friday, choppy momentum is likely to stay intact on Monday amid sour mood overseas. As of 7:32 AM, the SGX Nifty Futures quoted 17,670 levels, indicating a downside of 88-odd points on the Nifty50. Globally, the US markets faltered …

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