Aditya Birla Group

Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

Aditya Birla Group Chairman KM Birla receives Padma Bhushan award

Aditya Birla Group Chairman Kumar Mangalam Birla, the recipient of Padma Bhushan this year, is the fourth in the extended Birla family to be conferred the nation's highest civilian honours. Birla (55), was conferred the Padma Bhushan, the country's third highest civilian award by President Droupadi Murmu on Wednesday. His great grandfather GD Birla was a recipient of Padma Vibhushan in 1957 and his mother Rajashree Birla was awarded Padma Bhushan in 2011. GP Birla, cousin of Kumar Mangalam Birla's grandfather BK Birla, was awarded Padma Bhushan in 2006. Kumar Mangalam Birla (KM Birla) has been at the helm for 28 years of the diversified Aditya Birla group with its presence ranging from metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy. He transformed the group into an Indian multinational with operations in 36 countries across six continents and increased the group's turnover by over 30 times to USD

Aditya Birla Group to set up law school at BITS Pilani Mumbai campus

The Aditya Birla Group has announced a Rs 1,500-crore investment to make a foray into the law school segment, which will come at its premier engineering institute BITS Pilani's Mumbai campus from the next academic session. The proposed law school will move within a 63-acre university campus in the Mumbai metropolitan area, for which Rs 1,500 crore investment is being made, Birla group chairman and the chancellor of BITS Pilani Kumar Mangalam Birla said in a statement on Friday. BITS Pilani is among the first private sector universities to be awarded the status of 'institute of eminence' by the Centre. The move marks its foray into legal education with the BITS Law School in Greater Mumbai. The law school will cover all aspects of legal education, including a flexible and interdisciplinary curriculum, emphasis on creative learning, focus on legal writing and scholarly research, with strong digital underpinning across the programmes, and enabling access through generous scholarships,

Aditya Birla Group looking to raise funds for Vi at promoter level: Report

The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route

Grasim Q3 PAT up 44% to Rs 2,516 cr on strong show by Ultretech, AB Capital

Revenue rises 17% to Rs 28,638 cr; cheaper imports from Indonesia create pressure on domestic prices

Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans

This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson

Reliance, Aditya Birla Group, Tata to invest more than Rs 1 trillion in UP

India's leading conglomerates Reliance, Aditya Birla Group and Tata on Friday committed to invest more than Rs 1 lakh crore in Uttar Pradesh to expand their businesses in the near future. Reliance Industries will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity over the next four years, its Chairman Mukesh Ambani announced at the UP Global Investors Summit here. Similarly, Aditya Birla Group Chairman Kumar Mangalam Birla said his group has committed Rs 25,000 crore investment across its various businesses such as cement, metals, chemicals, financial services and renewable energy in the state. Tata Sons Chairman N Chandrasekaran said group firm Air India SATS will set up an integrated multi-modal cargo hub at the upcoming Jewar airport in partnership with Zurich Airport. In his address at the event, Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting .

Hindalco Q3 results: Net profit falls 63% on input cost pressure

Novelis' total shipments of flat-rolled products were at 908 Kt (kilo tonnes) in the October-December period, declining 2 per cent from 930 Kt in the corresponding period a year ago

Indian business families that are shifting control to their next generation

From Ambani to Birla, more and more business families in India are showing trust in their scions

Aditya Birla group to invest in green energy as rivals make commitments

'Thin line between hustle and hubris', Kumar Mangalam Birla warns upcoming companies in blog post

IRM India Affiliate, Ultratech to bolster risk-readiness in cement sector

The two will be organising webinars, roundtables, industry meetings, and thought leadership articles towards knowledge building for the sector

Govt open to a comprehensive package for Vodafone Idea, with conditions

It wants promoters to pitch in first or bring new investors

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Hindalco Q2 profit falls 36% on high energy costs, lower aluminium prices

Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs

Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

The talks were initiated after a court-appointed administrator of Reliance Capital put the 51% stake in Reliance Nippon Life on sale

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services

Call on hold

Vodafone Idea's debt conversion should not be delayed

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September