Displaying items by tag: GCW347

India: UltraTech Cement has received approval from the Competition Commission of India (CCI) regarding its bid for Binani Cement. It said that the Committee of Creditors (COC) of Binani Cements had rated Bharat Dalmia as the leading bidder instead of UltraTech Cement because it didn’t have clearance from the CCI. “A lot of apprehensions were raised by the resolution professional about UltraTech obtaining the CCI clearance, on its bid for Binani Cements,” said UltraTech Cement in a statement.

Germany: Beumer Group has launched two start-up companies as part of its business strategy for 2018: ‘The best, not the biggest’. The new subsidiaries are intended to develop minimum viable products (MVP) or prototypes that feature minimum equipment and generate sustainable added value. Both companies are intended to use ‘advanced and disruptive’ business ideas to influence and improve existing business models.

BG.evolution is located in Dortmund near the Digital.Hub Logistics innovation centre. Researchers at this company are working on designing the logistics for digital business models in conjunction with the Technical University of Dortmund and other external specialists. BG.challenge in Berlin is intended to develop new business models that may disrupt existing business models from outside. BG.challenge also offers start-up support for young entrepreneurs.