Page 3 - Aditya Birla Group

UAE digital bank Zand wins backing of Franklin Templeton, Aditya Birla

The roster of investors also include Abu Dhabi's Al Hail Holding, Al Sayyah & Sons Investments, Global Development Group, Yusuff Ali of Lulu Group, and Zand co-founder Olivier Crespin

Grasim becomes net debt-free on standalone basis after fertiliser arm sale

In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY

Grasim Industries' net profit jumps 23% to Rs 2,655 cr in Dec quarter

The company had posted a net profit of Rs 2,157.12 crore during the October- December quarter of the previous financial year, Grasim Industries said in a regulatory filing

Hindalco Q3 results: Consolidated PAT nearly doubles to Rs 3,675 cr

Consolidated revenue from operations rose 44% to Rs 50,272 cr

TiE names Kumar Mangalam Birla as Global Entrepreneur of the year

The Aditya Birla Group Chairman is the first Indian industrialist to get the award. He won it for his leadership of the conglomerate during the Covid-19 pandemic

Ease of doing biz, bank sector support will boost telecom industry: Birla

Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator

Grasim Q2 net up 41% to Rs 1,359 cr, revenue up 26% to Rs 22,564 cr

Birla co buys land in 5 locations for paint business

Aditya Birla group to set up paint unit in Bengal, invest Rs 1,000 crore

The Aditya Birla Group has said it will set up a paint unit in West Bengal at an investment of around Rs 1,000 crore, and it will be comissioned in the next 18-24 months. In a recent letter to Chief Minister Mamata Banerjee, the conglomerate had expressed interest to establish a paint manufacturing unit in the state, following which three representatives of the group met Chief Secretary H K Dwivedi on Thursday afternoon, officials said. The group has requested for allotment of land for a decorative paint unit with backward integration on 80 acres of land at Vidyasagar Park in Kharagpur, they said. The paint unit itself would provide employment for 600 people and indirect employment for over 1500 people would be created, a state government official said. Reacting to the development, West Bengal Industry Minister Partha Chatterjee said it is a good sign that the process of industrialisation is gaining pace in the state under the leadership of Mamata Banerjee. The investment promotio

Grasim Industries slapped with Rs 8,334-crore income tax demand

The Aditya Birla Group company said it would take "appropriate action" against the order

Grasim Industries to invest Rs 2,600 crore in capex in FY22

Company to invest Rs 5,000 cr in paint business over three years

Birla Carbon targets to be net zero on carbon emission by 2050

Birla Carbon, an Aditya Birla Group company, on Thursday announced its intent to reduce net carbon emissions to zero by 2050 as part of its efforts to drive sustainability

Aditya Birla Capital reports highest ever quarterly net profit at Rs 302 cr

The company had posted a net profit of Rs 198 crore in the year-ago period.

UltraTech Cement accounts for 77% of Aditya Birla Group's profit in FY21

Overall, the combined net profit of the group's listed companies was Rs 7,115 crore in FY21

Hindalco Industries plans to invest Rs 8,000-10,000 crore in three plants

Aditya Birla group firm Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

KM Birla won't buy firms with global supply chains, cites protectionism

Aditya Birla Group is spread across 36 countries; its chief has acquired more than 40 companies in the last 25 years.

Vodafone Idea plans to raise Rs 7,000 crore via QIP; stock rises 10%

Vodafone Idea is looking for new investors after both its promoters have refused to infuse additional funds into the company

Aditya Birla Sun Life AMC multi-cap fund garners over Rs 1,900-cr

Aditya Birla Sun Life AMC on Monday said it has received more than 88,000 applications garnering over Rs 1,900 crore for its new multi-cap scheme during the New Fund Offer (NFO) period. The new fund -- Aditya Birla Sun Life Multi-Cap Fund-- is an open-ended equity scheme investing across large cap, mid cap & small cap stocks, the asset management company said in a statement. The NFO was open between April 19 and May 3. The fund has reopened for subscription from May 10. "Despite the logistical challenges posed by the pandemic, we have attracted over 88,000 applications covering more than 9,600 pin codes across T30 and B30 markets. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house," A Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, said. According to him, the interest received in this new fund is also a reflection of the growing appetite of equity investments in the ...

Aditya Birla Fashion posts 51% growth in Q4 EBITDA at Rs 253 crore

The company said Q4 continued with a strong recovery trend until the disruption due to second wave of Covid-19 led to localised shutdowns.

Grasim Industries plans to raise funds via debt securities, term-loan

Aditya Birla group firm Grasim Industries on Wednesday said it plans to raise funds by availing term loans or by issuing debt securities. The board of the company, in a meeting held on Wednesday, has approved the raising of funds, Grasim Industries said in a regulatory filing without informing the amount which it intends to raise. It has also authorised the Finance Committee of the Board of Directors "to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities" and decide on all matters and transaction relating to the same. Besides term loans, Grasim would also raise funds by issuing debt securities including foreign currency denominated bonds or debentures or securities, which may be issued in tranches, in India or overseas, within the overall borrowing limit of Rs 10,000 crore, it added further. Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals. In FY .