CURRENT AFFAIRS

Detailed explanation-1: -The company is headed by Mr N Srinivasan, Vice Chairman and Managing Director, who has ably steered the company through mergers and acquisitions, green field and brown field expansions. Mr N Srinivasan has more than five decades of experience in the industry.

Detailed explanation-2: -Meet Karan Adani, the elder son of Gautam Adani. With the acquisition of ACC by the Adani family, Karan Adani has been appointed its chairman. In May 2022, the Adani family took over the India business of Switzerland-based Holcim Group, comprising the cement giants–Ambuja Cements and ACC in a 10.5-billion-dollar deal.

Detailed explanation-3: -Narayanaswami Srinivasan (born 3 January 1945) is an Indian industrialist. He is a former Chairman of the International Cricket Council (ICC) and former President of the BCCI, the governing body for cricket in India. He is also the managing director of India Cements Limited.

Detailed explanation-4: -Dhoni is also an employee of India Cements. Though he has been its vice-president (marketing) for a quite a long time, this is the first time that his services are officially leveraged by India Cements. Dhoni is immensely popular and his fan following cuts across gender, geography, sports et al.

Detailed explanation-5: -India cements Ltd was founded in the year 1946 by two men, Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami.