Page 5 - Aditya Birla Group

Cement companies face hard truths as revival looks tough due to Covid-19

Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough

Birlas infuse Rs 1,100 cr in Essel Mining to pare debt of group firm IGH

The proceeds were used to on-lend to IGH and prune its borrowings by 40% by March 2020

Hit by Covid-19 lockdown, Grasim puts capital expenditure for FY21 on hold

Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.

Coronavirus lockdown: Manufacturing grinds to a halt, companies shut plants

Universal Cables announced that operations at its manufacturing units in Satna had been temporarily suspended with effect from the midnight of March 24

A year of challenges

Bigger companies in general performed better than their smaller peers

AGR dues: After SC denies relief, is it the end of road for Vodafone Idea?

Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year

Birla group firms tapping international market to raise $3.1 billion

While Novelis raised $1.6 billion at a lower rate than the previous loan, SKI Carbon Black has hired 16 banks to raise $1.5 billion by selling bonds

World is not flat; slowbalisation will define the decade, says K M Birla

Chairman of Aditya Birla Group says tensions between nationalism and globalisation will reshape world

Kumar Mangalam Birla praises PM Modi for improving 'ease of doing business'

On India's ranking, Birla praised the current government and said that the country can do even better

Splitting MD, chairman roles: Firms divided; experts for staggered rollout

"We have for the longest time had separation of MD and chairman, as two separate roles… I can't imagine how it would be like to have both of those roles combined into one…" says Kumar Mangalam Birla

Vodafone Idea, once a rising star of AV Birla Group, is now in the dumps

Vodafone Idea is now squeezed between high debt and poor revenue realisations

AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel

Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity

Aditya Birla Capital Q2 net profit rises 37% to Rs 256 cr; revenue up 8%

Its overall lending book grew 4 per cent year on year to Rs 60,477 crore as against Rs 57,945 crore

Kumar Mangalam Birla gets UAE govt-backed ABLF Global Asian Award

Says his group hopes to play a part in making India emerge as an economic super power over the next decade

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

US authorities sue Aditya Birla arm to stop Aleris buy over monopoly fears

Defiant Novelis says it will challenge the lawsuit; firm to go ahead with proposed acquisition of Aleris Corporation

A first in 10 years: Aditya Birla group slips into red as Voda Idea bleeds

Group firms make combined losses of Rs 6,134 cr in FY19, but excluding Voda Idea net profit was Rs 8,470 cr

CEOs bank on festive cheer; India Inc hopes for improvement in second half

Demand to pick up from festival season next month, say corporate leaders

Voda Idea losses spill over to other AB Birla group firms; m-cap down 6.2%

Vodafone Idea now has a m-cap of Rs 19,454 crore against Rs 39.942 crore at end of last month

Aditya Birla Payments Bank to shut shop only 17 months into operations

A payments bank can take deposits of up to Rs 1 lakh but cannot give loans or issue credit cards