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Ultratech & India cements: Other high-profile M&As involving Indian companies

<ul><li><keyword id="20674001" type="General" weightage="100" keywordseo="Savitri-Jindal" source="keywords">Savitri Jindal</keyword>, the matriarch of the <keyword id="21185539" type="General" weightage="20" keywordseo="Jindal-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Jindal Group" meta.hostid="261" meta.entityid="Jindal Group">Jindal Group</keyword>, is India's richest woman with a net worth of $36 billion. </li><li>Following her husband Om Prakash Jindal's sudden death in 2005, she took over the <keyword id="34570" type="General" weightage="20" keywordseo="steel" source="Orion">steel</keyword> and <keyword id="44011" type="General" weightage="20" keywordseo="power" source="Orion">power</keyword> conglomerate. </li><li>She is the only Indian woman in the top 10 of <keyword id="20017067" type="General" weightage="20" keywordseo="Forbes" source="keywords" meta.keywordsubtype="org" meta.entityname="Forbes" meta.hostid="261" meta.entityid="Forbes">Forbes</keyword>’ list of the richest women in the world in 2024. </li></ul>In the vast and dynamic landscape of Indian business, one name stands out as a symbol of resilience, leadership, and unparalleled success: Savitri Jindal. With an astonishing net worth of $36 billion, she is India's richest woman. According to the <keyword id="962341" type="General" weightage="20" keywordseo="bloomberg-billionaires-index" source="Orion">Bloomberg Billionaires Index</keyword>, her net worth zoomed at $9.5 billion in 2024, making her the only Indian woman in the top 10 of Forbes’ list of the richest women in the world that year. <h2> A Legacy of Leadership</h2>Savitri Jindal's journey began in 2005, following the unexpected death of her husband, Om Prakash Jindal, the visionary founder of the Jindal Group. Thrust into the helm of a vast conglomerate with interests in steel, power, <keyword id="6378916" type="General" weightage="20" keywordseo="cement" source="Orion">cement</keyword>, and infrastructure, she faced immense challenges. Yet, her determination and astute leadership transformed these challenges into opportunities, propelling the Jindal Group to unprecedented heights. Under Savitri Jindal's guidance, the Jindal Group flourished, becoming a cornerstone of India's industrial sector. Some of the flagship companies of the Jindal group are Jindal Saw Limited, JSW Steel, Jindal Stainless Steel Limited and Jindal Steel and Power Limited. She’s currently the chairperson emerita of the O.P. Jindal Group, and also the president of Maharaja Agrasen Medical College, Agroha. <h2>Beyond the Boardroom</h2>Savitri Jindal's influence extends beyond the boardroom. She has made significant contributions to public service and philanthropy. In 2005, Jindal was elected to the Haryana Vidhan Sabha from Haryana’s Hisar constituency, which was earlier represented by her late husband Om Prakash Jindal for a long time. In 2009, she was re-elected to the constituency and was appointed the cabinet minister in the Haryana Government on 29 October 2013. She transitioned to the Bharatiya Janata Party in March this year. <h2>A Broader Trend of Empowerment</h2>Savitri Jindal's rise to prominence is not just a personal triumph but a reflection of a broader trend in India. Women are breaking barriers and redefining success in the business world. Influential figures like Kiran Mazumdar-Shaw and Falguni Nayar are reshaping the narrative of corporate leadership and success, proving that the boardroom is no longer an exclusively male domain. Savitri Jindal's story is one of perseverance, strategic vision, and an unyielding commitment to excellence. Her leadership has not only fortified the Jindal Group's position as an industrial powerhouse but has also inspired a new generation of women leaders in India.

Meet Savitri Jindal: The richest woman in India, with a net worth of $36 billion!

In the realm of <keyword id="6378916" type="General" weightage="90" keywordseo="cement" source="Orion">cement</keyword> production, China and India are navigating diverging market currents, shaped by distinct economic landscapes. <keyword id="125045" type="General" weightage="50" keywordseo="fitch-ratings" source="Orion">Fitch Ratings</keyword>' insights reveal a challenging outlook for <keyword id="19792359" type="General" weightage="80" keywordseo="chinese-cement" source="Orion">Chinese cement</keyword> demand in 2024, driven by ongoing distress in the property sector. Meanwhile, India's <keyword id="34556" type="General" weightage="60" keywordseo="cement-industry" source="Orion">cement industry</keyword> charts a more optimistic course, with steady demand growth projected over the medium term. The Chinese property sector's persistent challenges and a projected slowdown in infrastructure investment contribute to weakened cement demand in 2024. Strained financing conditions for local governments, coupled with a decline in land sales, hamper their capacity to bolster spending on crucial infrastructure projects. Despite these hurdles, Fitch notes a potential stabilization of producers' margins in the face of adversity. The gross profit of China's top five cement producers witnessed a 3% decline in 3Q23, marking a notable slowdown from the sharper contractions observed in previous quarters. Anticipating a reduction in capacity, Fitch foresees smaller, less profitable producers exiting the market in 2024. Government policies on capacity control and sector decarbonisation are expected to contribute to a medium-term reduction in overall capacity. Contrasting China, India's <keyword id="82914" type="General" weightage="20" keywordseo="cement-sector" source="Orion">cement sector</keyword> foresees a robust trajectory driven by the nation's steady GDP expansion. Fitch predicts an annual growth rate of 6 per cent-8 per cent in cement demand over the coming years. Infrastructure and affordable housing projects, fuelled by government spending, are expected to spearhead this growth, with additional impetus from the ongoing recovery in urban housing throughout 2024. While India anticipates a doubling of annual cement capacity additions in the next five years, the industry's robust demand growth will help maintain healthy capacity utilization. Fitch notes that the top five Indian producers will spearhead new capacities, with further mergers and acquisitions on the horizon. Despite this positive outlook, the industry's focus on market share retention amid capacity expansions is likely to temper the potential widening of profit margins, even with energy prices normalizing post-2022.

China's cement sector faces headwinds, while India sees steady growth: Fitch Ratings

As 2024 wraps up, YouTube has unveiled its year-end trends, offering a window into the moments, creators, and events that captivated audiences across India. From cricketing showdowns to viral music tracks, the platform once again reflected the nation’s pulse, where billions of views transformed fleeting topics into lasting cultural highlights. The year’s biggest digital trends featured an eclectic mix of events and personalities. Dominating the conversation were global sporting spectacles like the ICC Men’s T20 World Cup, the Indian Premier League, and the Paris 2024 Olympics. These events amassed billions of views, cementing cricket and sports as evergreen passions for Indian audiences. Cultural moments also had their share of the spotlight. The Ambani wedding, a topic of unmatched intrigue, garnered over 6.5 billion views on videos that included “Ambani” and “Wedding” in their titles. Meanwhile, phrases like “moye moye” became internet sensations, accumulating 4.5 billion views. Iconic figures like Diljit Dosanjh and Ratan Tata inspired millions, with Dosanjh’s name linked to videos generating nearly 4 billion views. YouTube’s end-of-year report also shed light on India’s top content creators, whose innovative storytelling captured audiences worldwide. While global powerhouse MrBeast led the charge with 332 million subscribers, homegrown creators like Filmy Suraj Actor (32.5M) and Sujal Thakral (33.5M) proved the power of local content. Others such as Cristiano, Box of Vengeance, and the Stokes Twins further added to the platform’s diverse creator ecosystem. Indian creators made waves on Shorts, with hyperlocal music in languages like Marathi and Garhwali crossing borders to reach global audiences. Priyal Kukreja championed women’s voices, while creators turned memes, cricket moments, and celebrity weddings into engaging, bite-sized stories that resonated deeply with fans. Music continued to play a pivotal role in shaping YouTube trends. Songs like “Kurchi Madathapetti” by Sahithi Chaganti and Sri Krishna, “Jale 2” by Shiva Chaudhary, and “Aaj Ki Raat” by Madhubanti Bagchi and Divya Kumar defined 2024’s soundtrack. On YouTube Shorts, hits such as “Dhana” by Priyanka Meher and Rongpaz and “Tauba Tauba” by Karan Aujla kept audiences grooving. These tracks not only became fan favourites but also helped drive the platform’s engagement, with users creating endless remixes, dance challenges, and covers that extended the lifespan of each hit. One of the most striking trends of 2024 was the rise of active fan participation. Viewers weren’t just consuming content—they were shaping it. From cricket memes and music edits to reactions to celebrity weddings, fans co-created content that amplified the original stories, making them even more impactful.

YouTube unveils year-end trends, here is what India watched in 2024

Veteran actor <keyword id="19913288" type="General" weightage="100" keywordseo="Mithun-Chakraborty" source="keywords">Mithun Chakraborty</keyword>, who has left an indelible mark on <keyword id="20060213" type="General" weightage="20" keywordseo="Indian-cinema" source="keywords">Indian cinema</keyword> with iconic roles in films like <keyword id="20344695" type="General" weightage="20" keywordseo="Disco-Dancer" source="keywords">Disco Dancer</keyword>, has been named the recipient of the prestigious <keyword id="19981516" type="General" weightage="20" keywordseo="Dadasaheb-Phalke-Award" source="keywords">Dadasaheb Phalke Award</keyword>. The award, the highest honour in Indian cinema, recognizes Chakraborty’s extraordinary contributions to the industry over several decades. In his reaction, the actor expressed disbelief and deep gratitude, saying, "I never imagined that a boy from the footpath could receive such a big honour." Chakraborty’s journey from humble beginnings in <keyword id="19896626" type="General" weightage="20" keywordseo="Kolkata" source="keywords">Kolkata</keyword> to becoming a celebrated <keyword id="20201560" type="General" weightage="20" keywordseo="Bollywood-star" source="keywords">Bollywood star</keyword> has inspired millions. Speaking about his achievement, he said, "I'm literally dumbfounded, trust me. I can't smile, I can't cry with happiness because a man from literally nowhere, a nobody, made it. This also proves what I always tell my fans and those who aren't financially strong: if I can make it, then you can do it too." Mithun Chakraborty, who is affectionately referred to as 'Mithun Da' by his fans, first made his mark in 1976 with his debut film Mrigayaa, for which he won the National Film Award for Best Actor. His portrayal of a Santhal rebel in the film captivated audiences and set the stage for a stellar career. Over the years, he earned two additional <keyword id="19981513" type="General" weightage="20" keywordseo="National-Film-Awards" source="keywords">National Film Awards</keyword> for Tahader Katha (1992) and Swami Vivekananda (1998), cementing his legacy as one of India's finest actors. The announcement of the Dadasaheb Phalke Award was made by Union Minister <keyword id="19904138" type="General" weightage="20" keywordseo="Ashwini-Vaishnaw" source="keywords">Ashwini Vaishnaw</keyword> on social media, where he praised Mithun Da's "remarkable cinematic journey" and its impact on generations. The award will be formally presented to the actor at the 70th National Film Awards ceremony on October 8, 2024. Prime Minister Narendra Modi also extended his congratulations, calling Mithun a "<keyword id="22805725" type="General" weightage="20" keywordseo="cultural-icon" source="keywords">cultural icon</keyword>" who is "admired across generations for his versatile performances." Beyond his acting prowess, Mithun Chakraborty made a lasting impression on India's music and dance culture with electrifying performances in hits like "I Am a Disco Dancer," "Jimmy Jimmy," and "Super Dancer." These songs, along with his signature dance moves, have become timeless, beloved by fans across the world. In recent years, Mithun Chakraborty continues to take on significant roles, with his most recent appearance being in Vivek Agnihotri's critically acclaimed film <keyword id="20421478" type="General" weightage="20" keywordseo="The-Kashmir-Files" source="keywords">The Kashmir Files</keyword>. Despite his countless accolades and success, Mithun Da remains humble and deeply connected to his roots. As he graciously accepted the Dadasaheb Phalke honour, he dedicated the award to those who have supported him on his incredible journey. "I can only say that I dedicate this award to my family and all my fans around the world," he said in a heartfelt message. For millions of fans and aspiring actors, Mithun Chakraborty’s story is a testament to perseverance, talent, and the belief that dreams, no matter how distant, can come true. (With inputs from agencies)

Mithun Chakraborty on receiving Dadasaheb Phalke: "A boy from the footpath could receive such a big honour"

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around USD 3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years. Addressing CEOs of the large US tech firms on Sunday, Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29). Companies should take advantage of India's growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country's economic and technological growth, he said. Assuring the business leaders of India's deep commitment to the protection of intellectual property and to fostering tech innovation, Modi highlighted the economic transformation happening in the country, particularly in electronics and information technology manufacturing and semiconductors. Modi asserted that his government was committed to making India a "global hub of <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">semiconductor manufacturing</keyword>". The meeting took place at the Lotte <keyword id="19904497" type="General" weightage="20" keywordseo="New-York" source="keywords">New York</keyword> Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of 15 major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. During the conference, Modi said technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership, according to a Ministry of External Affairs press release. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Sundar Pichai, Adobe CEO Shantanu Narayena, Accenture CEO Julie Sweet and NVIDIA CEO Jensen Huang attended the meeting. Others who participated in the roundtable included AMD CEO Lisa Su, HP Inc. CEO Enrique Lores, IBM CEO Arvind Krishna, Dr Noubar Afeyan, Chairman of Moderna, and Verizon CEO Hans Vestberg. Modi also talked about India's BIO E3 (biotechnology for environment, economy and employment) policy to develop the country into a biotech powerhouse and on the topic of AI, noted that India's policy is to promote AI for all, underpinned by its ethical and responsible use. The CEOs appreciated India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities. They also expressed strong interest in investing and collaborating with India, agreeing that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in the country. Others who attended the conference included Biogen Inc CEO Chris Viehbacher, CEO of Bristol Myers Squibb, Chris Boerner, Eli Lilly and Company CEO David A. Ricks, LAM Research CEO Tim Archer, GlobalFoundries CEO Thomas Caulfield, and the CEO of Kyndryl, Martin Schroeter. "Further cementing technology and business connect. PM @narendramodi interacted with the top tech leaders and CEOs of USA, in a Roundtable hosted by the Massachusetts Institute of Technology School of Engineering, in New York today. PM emphasised India's growth prospects and discussed initiatives to foster collaborations and innovation across diverse sectors," the official account of the MEA said in a post on X. The prime minister had a separate meeting with Krishna P Singh, CEO of Holtec International, which is into nuclear and solar power generation. They discussed Holtec's plan for expanding manufacturing in India and advancing energy cooperation, PMO India said in a post on X. Earlier on Sunday, Modi addressed the <keyword id="20115166" type="General" weightage="20" keywordseo="Indian-diaspora" source="keywords">Indian diaspora</keyword> at the packed Nassau Veterans Coliseum on Long Island in New York. He also held bilateral meetings with world leaders at the sidelines of the UN General Assembly session here. Modi reached New York on Saturday after attending the Quad Leaders' Summit hosted by President Joe Biden in Wilmington, Delaware. <div type="Article" hostid="261" msid="113516805" title="Why is Indian Prime Minister Narendra Modi visiting the US this weekend?" mstype="2" mssubtype="0"></div>

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Ultratech & India cements: Other high-profile M&As involving Indian companies

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China's cement sector faces headwinds, while India sees steady growth: Fitch Ratings

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YouTube unveils year-end trends, here is what India watched in 2024

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Mithun Chakraborty on receiving Dadasaheb Phalke: "A boy from the footpath could receive such a big honour"

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PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

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