India’s Ambuja Cements will acquire a 46.8% stake in Orient Cement for 81 billion rupees, valuing the company at $963.5 million. The purchase will be made at 395.40 rupees per share, representing a 12% premium to Orient’s last closing price. This move will enable Ambuja to reach a volume of over 100 million tonnes per annum in the current financial year.
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US: Pentagon rules out security threats amid multiple drone sightings across New Jersey
The Pentagon refuted security threats from recent drone sightings in New Jersey, stating there is no risk to national security or public safety as the drones are not DOD assets but are commercial or recreational. Pentagon Press Secretary Major General, Pat Ryder, clarified that the drones are likely used for non-malicious purposes, such as in architecture, engineering, farming, or law enforcement, with over a million drones registered in the US and 8,500 in flight daily....
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