The Aditya Birla Group is back in acquisition mode, as group firm Aditya Birla Nuvo may bid for the carbon black division of Germany's Evonik Industries. The division, with annual sales of $1.3 billion and 1,700 employees across 12 countries, is the second largest in the world.
The Mahindra NuvoSport is considered a classic case of lost identity by many experts. It is neither refined enough to play along with the big SUVs nor is it cheaper to buy to make it a mass market product. Thus Indian automobile website MotorBeam.com decided to give the car a fair chance and reviewed it to unravel its nitty-gritty.
Aditya Birla Nuvo gets board's nod, Videocon submits application.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
Bank shares were the top losers along with index heavyweight RIL
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