Kenya terror attack: 20 Gujarati children missing, many feared dead

AHMEDABAD/NEW DELHI: Nearly 20 children from Gujarati families settled in Nairobi are reported missing in the terrorist siege of Westgate Mall which was ended by Kenyan forces on Tuesday, the fourth day of the stand-off. President Uhuru Kenyatta announced that five al-Shabaab terrorists had been killed and 11 taken into custody.

Surat to wake up to floods

SURAT: Low lying areas of Surat are will be flooded by Monday morning as Ukai dam authorities started discharge of 4.25 lakh cusecs of water from 1.00am. The inflow in reservoir was recorded at 7.25 lakh cusecs of water which led to swelling of water levels to 342.50 feet in the dam. 

7 Gujaratis killed in Nairobi attack

RAJKOT: The terrorist attack at an upscale mall in Nairobi has sent shock waves in Gujarat's Saurashtra and Kutch. Local officials and community members confirmed that at least seven migrants from the state were killed in the strike, but the number could rise substantially once the hostage crisis is over. 

MUMBAI: Aditya Birla Group flagship company Ultratech Cement on Wednesday announced acquisition of Jaypee Group's Gujarat cement unit for an enterprise value of Rs 3,800 crore.  "We will infuse equity to the tune of Rs 150 crore and Jaypee Cement (JCCL) debts of Rs 3,650 crore will be transferred to the books of Ultratech. With this acquisition, our cement capacity increases to 59 mtpa and with projects underway, it will stand raised to 70 mtpa by 2015. The transaction will be accretive in the next three years," Aditya Birla Group chairman Kumar Mangalam Birla said on Wednesday while announcing the deal. "Ultratech will save Rs 350 crore by way tax benefits and other synergies," Birla said.  The sale will help Jaiprakash Associates reduce its debt by 15%, chairman Manoj Gaur said in New Delhi on Wednesday. JCCL is a wholly owned subsidiary of Jaiprakash Associates.