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Adani Group acquires Orient Cement intensifying competition with Ultratech
Adani Group has intensified competition in India's cement sector by acquiring a 46.8% stake in Orient Cement through Ambuja Cement, following UltraTech's purchase of India Cements. This marks the fourth major deal in the industry within a year, as both conglomerates have collectively acquired six firms since Adani entered the market in 2022.Hyundai's CEO emphasized the importance of stable policies and infrastructure support for the growth of India's electric vehicle market. The company plans to introduce multiple electric models and enhance its local ecosystem, coinciding with the listing of its Indian unit, which is the largest in the country's stock market history.
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