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Aditya Birla Group News
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BK Birla: Visionary industrialist, great patron of arts and education
Thu, Jul 04, 2019
The ionic Basant Kumar Birla, respectfully and lovingly called B.K., was a visionary industrialist who could spot businesses of the future for the country and go about clinically using his great organisational skills to turn greenfield ventures into industrial behemoths.
Aditya Birla group's stake rises to 27.18 pc post Vodafone Idea rights issue
Tue, May 07, 2019
The stake of Aditya Birla group has risen to 27.18 per cent in Vodafone Idea Ltd, post the recently-concluded rights issue of the telecom operator.
Women's Day special: A must watch conversation with Indian singer and entrepreneur Ananya Birla
Fri, Mar 08, 2019
On the occasion on Women's Day, we brings to you a must watch conversation with Ananya Birla who is an Indian singer, songwriter and entrepreneur. She is the daughter of Kumar Mangalam Birla, an Indian industrialist and the chairman of the Aditya Birla Group. Watch full video to know more.
Vibrant Gujarat 2019: Adani, Ambani, others line up big investments
Sat, Jan 19, 2019
Top industrialists pledged further investments on Friday after Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020.
UltraTech Q2 profit down 11.3% to Rs 375.74 cr
Fri, Oct 19, 2018
Aditya Birla Group firm UltraTech Cement Friday reported a 11.33 per cent decline in consolidated net profit to Rs 375.74 crore for the July-September quarter on account of increased energy and logistics costs.
Hindalco to seek shareholders' approval for Rs 6,000 cr NCDs
Sun, Sep 16, 2018
Birla pointed out that the ongoing government initiatives such as the creation of 100+ smart cities, thrust on infrastructure, especially rural infra development, along with 'Make in India' and 'Digital India' will continue to support the demand for aluminium and copper.
Air India holds board meeting as Govt. mulls equity infusion, loan waiver
Sat, Aug 18, 2018
After the proposed strategic disinvestment of the airline failed to take off, the government is considering a proposal for equity infusion and possible loan waiver to improve its finances.
VSF, chemical businesses will help maintain growth momentum: Dilip Gaur, MD, Grasim
Thu, Aug 16, 2018
Sushil Agarwal, Group Chief Financial Officer, Aditya Birla Group, and Dilip Gaur, Managing Director (Grasim), Aditya Birla Group, in an exclusive interview with Zee Business, said Viscose Staple Fiber (VSF) and Chemicals are two major drivers that will help the company to maintain its growth momentum in future.
Aditya Birla Group's Novelis announces acquisition of Aleris for $2.6 bn
Thu, Jul 26, 2018
"Acquiring Aleris is the right opportunity at the right time as they are set for transformational growth," said Steve Fisher, President and CEO, Novelis Inc, adding "The significant investments they've made in the high-demand, high-value aerospace and automotive segments have resulted in favorable long-term, global contracts. These investments, coupled with a diverse and talented workforce, will add tremendous value to our organization and allow us to deliver the highest quality innovative aluminum solutions to our customers."
UltraTech to acquire Century Textiles' cement business; all details
Mon, May 21, 2018
In June last year, UltraTech Cement completed the Rs 16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
Binani Cement-UltraTech deal gets big boost from small investors
Wed, Apr 11, 2018
Braj Binani group flagship company Binani Cement had on Monday knocked at the door of the Supreme Court, bypassing the National Company Law Tribunal to prevent the sale of the cement company to Dalmia Bharat as it prefers an out-of-court deal with UltraTech.
Aditya Birla Group's UltraTech Cement likely to get support from Binani creditors
Tue, Mar 20, 2018
UltraTech had said that Binani Industries Ltd (BIL) - the promoter firm of BCL - had approached it for arranging funds to pay off the lenders. "As a creditor, we support the UltraTech offer as it offers a better deal for us," an official from a lead creditor told PTI
Ultratech Cement third-quarter profit falls 23% on raw material price rise
Thu, Jan 18, 2018
Quarterly performance was also hurt by the ban of pet coke usage in some states, the company said.
Legacy businesses in India have burnt their fingers tapping the online market; Here’s why
Mon, Sep 25, 2017
With another online venture that may soon bite the dust it goes to show that the e-commerce game is not for everyone.
E-commerce firms switch from online to offline strategy to get ahead in Indian market
Sun, Sep 24, 2017
This week say Aditya Birla Group shut down e-commerce site Abof and move back to its offline retail business, while Amazon acquired stake in Shoppers Stop in exchange for offline presence.
Kumar Birla says keen to enter ARC business, awaiting RBI nod
Fri, Sep 01, 2017
The diversified Aditya Birla Group, which today successfully listed its amalgamated financial services arm Aditya Birla Capital, is planning to enter the asset reconstruction business as it sees this business as growth vertical.
Reliance Jio effect: Idea Cellular registers net loss of Rs 815 crore in Q1
Thu, Jul 27, 2017
Idea Cellular hopes to complete merger with Vodafone India by 2018
Tue, Jul 25, 2017
In May, Idea Cellular and Vodafone India had approached CCI regarding the proposed merger and were awaiting the fair trade regulator's nod in this regard.
Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says
Mon, Jul 24, 2017
In March, Aditya Birla Group's telecom arm, Idea Cellular had informed the regulatory bodies that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself.
Major telcos push for doubling mobile call termination charge
Tue, Jul 18, 2017
"Today all the major operator participated. Some operator were of the view that we should go to bill and keep, other asked for reducing it, some said keep it constant at current level. Some others said that it should be increased," Trai Chairman RS Sharma told reporters after a day long workshop meeting with telecom operators.