Tycoon plans expansion to become Pakistan’s biggest cement maker

Karachi: Tycoon Mian Muhammad Mansha’s D.G. Khan Cement Co. is aiming to become Pakistan’s largest cement maker by expanding capacity. The company has sought permission from the provincial government to boost its current facility by 12,000 tonnes a day, according a letter seen by Bloomberg. Javed Iqbal Malik, a senior economic adviser at Punjab province’s […]

Anil Ambani resigns from bankrupt Reliance Communications

Mumbai: Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process. “Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors,” the company said in a statement. “Manikantan V has also tendered his resignation […]