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Dec 12, 2016
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On March 21, 2017 21:33 (IST)
This week's $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.
On March 20, 2017 22:52 (IST)
Idea managing director Himanshu Kapania was addressing the analysts after Idea decided to merge its operations with the British telecom giant's local unit to create the largest telecom company in the country with a combined valuation of $23.2 billion.
On March 20, 2017 17:13 (IST)
The combined entity of Aditya Birla group's Idea Cellular and Vodafone India will have the widest network in the country and pan-India 3G/4G footprint, the companies said in a statement.
On February 27, 2017 20:08 (IST)
The lower end of the range is a 7 percent discount to Idea's closing price of Rs 114.55 on the National Stock Exchange on Monday and would value the 3.3 percent stake at nearly $192 million.
On February 20, 2017 14:11 (IST)
Tata Teleservices (Maharashtra) Ltd rose 9.7 per cent while Reliance Communications jumped 7 per cent, surging to session highs of Rs 6.67 and Rs 35.45, respectively.
On February 19, 2017 19:34 (IST)
Given the present spectrum holding, revenue and subscriber base, both the companies need to work on synergy to comply with rules.
On February 02, 2017 19:18 (IST)
The company also confirmed merger talks with the Aditya Birla Group's Idea Cellular as part of its third-quarter results for the period that ended on December 31, 2016.
On November 24, 2016 19:27 (IST)
Aditya Birla Health Insurance already has 1,500 network of hospitals and iscurrently in the process of adding another 200.
On November 23, 2016 13:58 (IST)
In August, CCI had slapped over Rs 6,700 crore of penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement.
On October 22, 2016 16:53 (IST)
Aditya Birla Group Chairman Kumar Mangalam Birla pledged an investment of Rs 20,000 crore for the state in sectors like retail, telecom and cement.
On October 21, 2016 14:46 (IST)
Earlier this year, the Aditya Birla Group firm announced acquisition of Jaiprakash Associates' cement plants with a total capacity of 21.1 million tonnes per annum at an enterprise value of Rs 16,189 crore.
On October 17, 2016 13:57 (IST)
The Mumbai-based cement maker's net profit during the same quarter last year came in at Rs 457.41 crore on sales of Rs 6,277 crore.
On September 28, 2016 18:35 (IST)
The diversified Aditya Birla Group will employ around 12,000 entry-level staffers in the next three years, its Chairman Kumar Mangalam Birla said on Wednesday.
On August 30, 2016 17:15 (IST)
Grasim Industries on Tuesday said it will seek shareholders' nod to raise up to Rs 2,000 crore through private placement basis.
On August 17, 2016 22:52 (IST)
Aditya Birla Group firm Novelis has completed refinancing of its $1.1-billion senior notes due 2024.
On August 16, 2016 16:38 (IST)
Billionaire Kumar Mangalam Birla's decision to merge Grasim Industries and AB Nuvo, the two subsidiaries of Aditya Birla Group, has not got down well with investors. AB Nuvo shares, which had crashed 25 per cent on Friday, resumed their downward journey today, falling over 6 per cent.
On August 12, 2016 15:48 (IST)
Under the deal, shareholders of Aditya Birla Nuvo will get 3 shares of Grasim for every 10 shares of Aditya Birla Nuvo.
On August 11, 2016 22:47 (IST)
Conglomerate Aditya Birla Group plans to merge its subsidiaries Grasim Industries Ltd and Aditya Birla Nuvo Ltd through a stock swap and spin off its financial services business, it said on Thursday.