N Srinivasan resigns as CEO of India Cements after UltraTech Cement’s majority stake acquisition

India Cements, once controlled by Srinivasan and his family, will now be under the leadership of UltraTech Cement, which has become the largest player in the Indian cement industry through this acquisition.

The board of India Cements has appointed four new directors, K C Jhanwar, Vivek Agrawal, E R Raj Narayanan, and Ashok Ramachandran. Additionally, three independent directors, Alka Bharucha, Vikas Balia, and Sukanya Kripalu—have been added to the board.

Union Minister Pralhad Joshi launches key initiatives for consumer protection; focus on virtual justice, ecomm safety

The Minister launched several tools to further consumer protection, including the Jago Grahak Jago App, Jagriti App and Jagriti Dashboard

The Minister highlighted India’s growing e-commerce sector, with over 950 million users, and praised the Consumer Protection E-commerce Rules, 2020, aimed at safeguarding consumers in online marketplaces.

Polish ecomm platform Allegro’s subsidiary Ceneo files lawsuit against Google for $567 million

According to the lawsuit, these actions have resulted in unfair competition, damaging Ceneo’s business and undermining its ability to compete effectively in the market.

The compensation sought by Ceneo consists of 1.72 billion zlotys for the losses it claims to have sustained, along with an additional 615 million zlotys in interest payments covering the period from 2013 through November 29, 2024.