Century Textiles & Industries Ltd named Raghu Palat a nominee director on behalf of Unit Trust of India. He replaces A P Kurian.
Currently, the company is in the process of demolishing the old buildings and is expected to start construction work on the mill land by the year-end, a top company official said. The company plans to build a hotel and a commercial complex for IT and ITeS (IT-enabled Services) companies on the 20-acre land.
Birla family patriarch Basant Kumar Birla on Tuesday said two of his companies, Century Textiles and Century Enka, would go to grandson, Kumarmangalam Birla
Century Textiles Q3 results on Jan 28, 2003
Century Textiles & Industries Ltd has posted a net profit of Rs 187.10 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 44 million in the quarter ended December 31,2001.
Ultratech Cement's acquisition of a 23 per cent stake in Tamil Nadu-based India Cements is another instance of growing consolidation in the cement market in India. The deal will raise Ultratech's share, based on India Cements' revenues in FY24, in the domestic market by 230 basis points if the latter is formally acquired by the former in due course. India Cements' share was up 11.5 per cent on Thursday on market expectations of an open offer.
Global funds, according to Christopher Wood, global head of equity strategy at Jefferies, are now beginning to pay more attention to India with the market now offering 30 companies with a market capitalisation over $25 billion.
Christopher Wood, global head of equity strategy at Jefferies has rejigged his equity portfolios. In his Asia ex-Japan long-only portfolio, he has added Axis Bank (5 per cent weightage) and increased holding in Larsen & Toubro (L&T) by one percentage point. This, Wood said, will be paid for by removing the investment in ICICI Lombard General Insurance and reducing the investments in HDFC Bank and Reliance Industries (RIL) by one percentage point each.
Birla was the chairman of Century Textiles and Industries and had been active in business since the age of 15. He was instrumental in a slew of business initiatives, starting with his stint as the chairman of Kesoram Industries.
Large retailers are allegedly importing apparel made of Chinese fabric from Bangladesh at nil duty, under our free trade agreement with the latter country. However, the same agreement does not permit duty-free export from here.
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Top company sources at Alok Industries said the processing required a lot of water, which is not a constraint in Gujarat.
Transcript of the market chat with expert Pranav Sanghavi.
The B K Birla group has decided to invest over Rs 1,000 crore (Rs 10 billion) for increasing capacities of its group companies.
Bad monsoon would be bad news for the market except tech.
The company had appointed a three-member committee of directors to implement the changes.
The country's textile industry is concentrated in a few pockets of Gujarat and Maharashtra in the west and Tamil Nadu and Karnataka in the south.
UltraTech currently has 19% market share with Shree Cement commanding 22% of the market
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
Birla Corporation has grown from a Rs 1,763-crore company to Rs 3,200 crore; profitability, however, has suffered due to the slowdown.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances