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Business

JSW Cement to Merge with Shiva Cement at 5:41 Share Swap Ratio

JSW Cement Ltd, part of the JSW Group led by Sajjan Jindal, will merge with its listed subsidiary Shiva Cement to create a unified cement platform. The board approved a scheme where JSW Cement will issue 5 shares for every 41 shares of Shiva Cement. The merger aims to unlock operational, financial, and management synergies and is expected to complete within 12-14 months, subject to regulatory approvals.

Business Standard·

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Science

Kasaragod's Archaeological Heritage Vital to Keralam's History: Minister

Minister O.J. Janeesh emphasized that Keralam's history is incomplete without Kasaragod's heritage. Speaking at the Kasaragod Archaeological Survey 2026 inauguration in Nileshwaram, he highlighted the government's 100-day action plan to identify and document the district's archaeological sites. Kasaragod, known as the 'Land of Forts,' has historical roots dating back to the Stone Age, featuring Megalithic monuments, Iron Age caves, and umbrella stones.

The Hindu··Nileshwaram

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Business

Piyush Goyal Discusses India-Australia Economic Cooperation with Australian Minister

Commerce Minister Piyush Goyal met Australian Trade Minister Don Farrell during the G20 Trade Ministers’ Meeting in Milwaukee, Wisconsin, to discuss expediting the India-Australia Comprehensive Economic Cooperation Agreement. They focused on collaboration in pharmaceuticals, services, investment, agri-tech, and critical minerals, and reviewed progress on the Economic Cooperation and Trade Agreement to enhance duty-free access for Indian businesses in Australia.

Deccan Herald··Milwaukee

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Business

NCLT Rejects Uniton Infra's Insolvency Plea Against SP Group

The National Company Law Tribunal (NCLT) rejected Uniton Infra's plea to initiate insolvency proceedings against Shapoorji Pallonji & Co. The case involved an alleged Rs 4.31 crore default related to road resurfacing work in Nellore. The tribunal ruled that one invoice was protected by the Covid-era bankruptcy filing ban, and the remaining claim was below the Rs 1 crore minimum threshold.

Economic Times··Nellore

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World

Kochi multiplex inspections to continue in October over food pricing

Authorities in Kochi will continue inspections at multiplexes in October following complaints of food overpricing. Joint inspections by Legal Metrology, Civil Supplies, and Food Safety departments found violations, including inaccurate food quantities. Notices were issued to offending establishments. Rajesh Sam, Controller of Legal Metrology Kerala, stated no fixed price enforcement exists but inspections will ensure compliance and action against malpractices.

The Hindu··Kochi

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World

Family Moves 255-Year-Old Mansion 50 Miles by Barge

In 2019, a Maryland family relocated the 255-year-old Galloway House about 50 miles across Chesapeake Bay by barge to save it from demolition. The 400-ton mansion was carefully lifted and moved in phases starting September 2019. After reaching its new waterfront site in Queenstown, restoration began to preserve its historic features.

TOI World··Queenstown

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