Page 2 - Aditya Birla

2021 is a watershed year for India, says Kumar Mangalam Birla

The coming decade will witness a 'capex' boom by the private sector, Birla said

ABFRL posts Rs 5.09 cr profit for Jul-Sep, sales soar nearly 2-fold

Aditya Birla Fashion and Retail Ltd swung back into black in the July-september quarter of 2021 on the back of a strong rebound in the business, according to a regulatory filing. The company posted a net profit of Rs 5.09 crore for the quarter ended in September 2021 against a net loss of Rs 188.22 crore during the July-September quarter of the previous fiscal. Its revenue from operations jumped nearly twofold to Rs 2,054.34 crore during the quarter under review as against Rs 1,028.13 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing. ABFRL, India's first billion-dollar pure-play fashion powerhouse, witnessed a strong business rebound with 90 per cent recovery over pre-COVID levels, the company said in a post earning statement. ABFRL's total expenses were at Rs 2,069.96 crore, up 52.56 per cent in Q2/FY 2021-22, as against Rs 1,356.81 crore. Its revenue from Madura Fashion & Lifestyle' segment was up over twofold to Rs 1,449.05 crore

Aditya Birla Sun Life MF ends below listing price on debut

The stock closed at Rs 699.6, down Rs 12.4 over issue price of Rs 712 per share; it touched a high of Rs 723 and a low of Rs 695 with shares worth Rs 600 crore changing hands

Street signs: Hotels stocks on investors' radar, Aditya Birla MF GMP at 10%

Shares of Indian Hotel have rallied nearly 30 per cent in the past one month

5G tech, new equity investors to be Vodafone Idea's calling card

Valuation gets a leg-up after bailout package

ICICI Pru MF and Aditya Birla MF launch bond index funds

ICICI Pru NFO open between September 16-27, that of Aditya Birla Sun Life between September 15-23

K M Birla offers to hand over his Vodafone Idea stake to government

Aditya Birla group Chairman KM Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd to govt or any other entity that govt may consider worthy to keep company operational.

GIC Housing Finance raises Rs 195 crore via non-convertible debentures

GIC Housing Finance on Tuesday said it has raised Rs 195 crore through issuance of (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis

Aditya Birla AMC considering IPO, may join fund houses in opting to list

SBI AMC, India's largest asset manager, is said to be planning an IPO too

Vodafone Idea slips 4% amid reports of fund raising plan hitting a snag

Vi's talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, a media report said

Power-packed jury to pick winners of BS Corporate Excellence awards today

Aditya Birla Group Chairman Kumar Mangalam Birla is the chairman of the seven-member jury

Aditya Birla Fashion acquires 51% stake in designer brand Sabyasachi

Sabyasachi is India's largest and most influential luxury designer brand with strong Indian roots and global appeal

Aditya Birla Idea Payments Bank ceased to be banking company: RBI

In November last year, the RBI had said that Aditya Birla Idea Payments Bank was headed for liquidation after the company's application for voluntary winding up

Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

Corona warriors for markets: Ambani, Adani stocks rise most since lockdown

The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.

Covid-19 impact: Firms try to save jobs and their future through pay cuts

Several slash pays by up to 40% for May

Coronavirus impact: India Inc focuses on preserving liquidity amid lockdown

Reputed conglomerates are opting for moratorium on debt servicing

BigBasket is focusing on turning profitable in two years: CEO Hari Menon

Menon and his four other co-founders are quite clear that the space where they operate in itself is so vast that they have hardly been able to scratch the surface

Premium perks: Wearables, apps are set to transform health insurance

IRDAI has so far received 173 proposals, most of which incentivise wellness in the health insurance space through the use of apps and wearable devices

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