Adani-owned Ambuja Cements to merge with two units

Dec 17 (Reuters) – India’s Ambuja Cements will merge two of its recently purchased units into the company, it said on Tuesday, in a bid to streamline the structure of the Adani Group’s cement businesses and simplify compliance requirements. Ambuja acquired Penna

Retail inflation eases in November, boosts rate cut hopes

NEW DELHI, Dec 12 (Reuters) – Retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November

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