On March 20, 2017 14:43 (IST)
Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...
On December 27, 2016 10:59 (IST)
Ambani has all but completed massive investments in his petrochemicals empire, whose cash flows give him the firepower to promote and expand his new fourth-generation mobile service.
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 07, 2016 13:37 (IST)
India raised Rs 65,789 crore ($9.9 billion) in an auction of airwaves, a fraction of the Rs 5.6 lakh crore that the government had sought.
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 September 14, 2016 22:14 (IST)
Hit by oversupply and depressed prices of metals, the outlook for leading aluminium and copper producer Hindalco is "challenging" in the short term, its chairman Kumar Mangalam Birla said on Wednesday.
On August 17, 2016 20:31 (IST)
According to InGovern, partial demerger seems to have been "undertaken to with an intent to retain higher control while having low beneficial interest".
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 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.
On August 11, 2016 22:11 (IST)
In yet another consolidation exercise, the $41-billion Aditya Birla Group on Thursday announced plans to merge Aditya Birla Nuvo with Grasim Industries to create a nearly Rs 60,000-crore diversified entity that will be among the largest in India.
On January 15, 2016 21:41 (IST)
As it aims to "strengthen the partnership between industry and academia", the Human Resource Development Ministry is understood to have contemplating appointment of leading business captains as chairpersons of boards of governors of the prestigious Indian Institutes of Technology (IITs).
On November 26, 2015 10:44 (IST)
Among others in the top 10 are Bharti Airtel's Sunil Bharti Mittal (Rs 27.18 crore), Vinita Gupta, CEO of Lupin (Rs 24.86 crore), Hindalco MD D Bhattacharya (Rs 21.59 crore), TCS MD N Chandrasekaran (Rs 21.28 crore) and Ultratech Cement's Kumar Mangalam Birla (Rs 19.04 crore).
On October 30, 2015 15:28 (IST)
Century Textiles and Industries on Friday reported a standalone loss of Rs 24.26 crore in the second quarter ended September 30, due to higher finance cost.
On October 01, 2015 18:29 (IST)
The Telecom Regulatory Authority of India (TRAI) will come out with recommendations on compensating consumers for call drops by October 15 while it will also release a service paper in the next few days listing reasons behind the menace.
On September 22, 2015 15:48 (IST)
Hindalco shares fell over 4 per cent to hit an intraday low of Rs 74.85 on Tuesday. The stock underperformed the metals sub-index on the Bombay Stock Exchange, which traded 1 per cent lower.
On September 21, 2015 23:22 (IST)
Aditya Birla Chemicals Ltd (ABCL) on Monday said the company has completed the acquisition of the chlor-alkali division of Jayshree Chemicals Ltd.
On September 08, 2015 16:29 (IST)
The deal is considered to be highest ever as the property has been bought for personal-use, industry experts said.
On September 08, 2015 14:59 (IST)
Prime Minister Narendra Modi met captains of industry and leading economists at his Race Course Road residence today to brainstorm on how India can manage the turbulence in global markets and opportunities for it in China's market and growth crisis.