Page 6 - Aditya Birla Group

Promoters may be told to simplify group structures, remove multiple layers

RBI likely to ask core investment firms to merge; Birla group takes the cue

Aditya Birla group to invest Rs 1,000 cr in lending, health insurance biz

Company has provided Rs 60 cr for IL&FS group exposure at Rs 220 cr; gets board nod to raise Rs 3,500 crore of equity

Aditya Birla group's ARC set to make a formal bid for RattanIndia Power

Seeks to partner Goldman Sachs, former promoter of the stressed firm, to bid

Birla casts cement leadership in concrete with Binani acquisition

The acquisition of the debt-laden Binani has catapulted it to the top spot in India, leaving it free to turn attention to overseas market

Himanshu Kapania to be non-executive director and vice-chairman of Grasim

will be an advisor to Birla on telecom business as Director, Telecom, Chairman office once the merger is complete, says the source

Kumar Mangalam Birla pegs valuation of Hindalco's Novelis at $12 billion

Hindalco acquired Novelis in 2007 for $6 billion

As Birla exits e-commerce, others remain defiant

Bricks-and-mortar retailers with unique online offerings better placed to fight

Birla's takeover bid of Aleris hangs on Chinese firm Zhongwan's offer

Attractiveness of Aleris is because the industry is operating near full capacity while demand continues to grow in auto, aerospace sectors

Aditya Birla group's market valuation crosses $50 bn post ABCL listing

Birlas enter top league with the Tatas maintaining lead with an m-cap of over $132 bn

Birla says keen to enter asset reconstruction business, awaiting RBI nod

Birla said the group is not talking to anyone for foreign partnership for ARC business

Aditya Birla group ready to sell fertiliser arm

Grasim, which merged Aditya Birla Nuvo's operations with itself, to exit all low-margin businesses

BMW to be Aditya Birla group's premium vehicle partner globally

As part of the pact, BMW will offer privileges on its products

M&As add value to Aditya Birla group investors

UltraTech remains the biggest gainer since the company began its M&As

Aditya Birla Group to invest Rs 7,000 cr in Andhra Pradesh

The conglomerate already has investments of Rs 10,000 crore in the state

Aditya Birla Group: Hit by capex and drop in commodity prices

The Aditya Birla Group has a reported steady decline in return on capital employed

Aditya Birla Group to invest Rs 20,000 crore in Madhya Pradesh

Birla said the group has five world-class facilities, including Grasim and chemical plants, in Madhya Pradesh

Birlas may sell stake in telecom towers, exit fertiliser, insulator businesses

Sale will help the new merged entity to unlock value in its subsidiaries and generate cash to fund its new age businesses

Birla plans to exit low-margins business in India, abroad

Ruminates sale of its fertiliser business

Not for sale

The Aditya Birla group was in the news this week after a section of the media reported that Idea Cellular and the group's loss-making grocery retail business, More, were up for sale. The group told Business Standard it suspected a wireless telecom rival of releasing the "motivated" news feed. A media company owned by the same rival was spreading the asset sale news, the group claimed. Watch this space for more on this new corporate war.

Merger a win-win, says Birla group

Management believes financial services business will get major boost; Idea will be a small part of Grasim and is self-sufficient to raise funds