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ACC, Ambuja Cements gain on merger buzz

In June 2016, Ambuja Cements had bought Holcim India's 24 percent stake in ACC; LafargeHolcim owns 63.6 percent in Ambuja Cements; now the two companies are mulling merger. May 8, 2017
Chinas C919 passenger jet takes off for maiden flight Play

Chinas C919 passenger jet takes off for maiden flight

The first Chinese-built passenger jet has taken off from Shanghai for its maiden flight. The C919 aircraft aims to compete with the Airbus A320 and Boeing 737 for the $2tn-worth global jet market. Some 570 of the planes have already been ordered, according to state-owned manufacturer Comac – and mostly by Chinese carriers. May 5, 2017