Fund redemption and rising import bills would continue to put pressure on the Indian currency.
.jpg)
Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Vivek Mahajan expects a populist Budget and says there could be a rollback of economic stimulus package.
Says inordinate delay on this and other issues raised by firm earlier are impacting investor confidence.
Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and debt, the company said. The company has been fighting a desperate battle for survival -- it has a debt of Rs 2.1 lakh crore and is reporting quarterly losses, amid massive subscriber churn.
Basant Kumar Birla, chairman of the Rs 8,000-crore (Rs 80 billion) BK Birla group, has altered his succession plan and at the hub of the change is the Rs 2,500-crore (Rs 25 billion) diversified company Kesoram Industries.
.jpg)
SBI will hold 30 per cent in RIL joint venture
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
It wasn't Kumar Mangalam Birla alone; the Hindalco mine allocation turned the spotlight on the PM and the Odisha CM.
The acquisition of Trinethra Super Retail would put the Aditya Birla group ahead of competition, including Reliance, analysts tracking the development said.
India's resource-hungry corporations are going aggressive to acquire natural resource assets overseas.
By his own admission, the last 30 months have been one of the toughest in Thomas Varghese's 29-year career. The 50-year-old chief executive of Aditya Birla Retail, however, quickly adds that they have been 'very interesting and challenging too'.
India Inc believes that the FM has done a terrific job, but consumers may not have got their due.
The Aditya Birla Group chairman culls out for you the nine lessons that have been the key to the Birla group's transformation.
.jpg)
Among other scrips, which would be shifted to the trade-to-trade segment include 3i Infotech, Bartronics India, Ramky Infrastructure and Zenith Birla (India) Ltd.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
With this, we are getting a global footprint in 29 countries and take our employee strength to 100,000.
Invest in these funds through the SIP route with at least a seven-year horizon.
On the heels of Reliance Industries foraying into the lucrative retail business, Birla Group too contemplates rolling out its organised retail initiative.
The retailer, which runs a supermarket chain under the More brand, is targeting annual sales of $4.5 billion (Rs 22,000 crore or Rs 220 billion) by March 2014 from Rs 1,200 crore (Rs 12 billion) in the current financial year. The retailer clocked sales of Rs 500 in the previous year. In 2007, the company had talked about a Rs 9,000 crore (Rs 90 billion) investment plan.
Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared "non-public information" with investors "before the bank sold hundreds of millions of dollars of stock", reports the Wall Street Journal.
Aditya Birla group on Tuesday announced it had concluded acquisition of Tata group's 49 per cent stake in Idea Cellular Ltd for Rs 4,406 crore
Brand name of the proposed bank has to be sent to RBI by July 1.
The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages see an opportunity in select stocks.
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
'Which is growing fast and where we are very strongly positioned.'
Kumar Mangalam Birla-led Aditya Birla Group plans to invest over Rs 4,000 crore in future technologies by setting up a Knowledge Park and a branch of the Birla Institute of Technology and Sciences (BITS) at Kozhikode in Kerala.
The 2023-24 (FY24) July-September quarter (second quarter, or Q2) proved to be a mixed period for asset management companies (AMCs). While the two largest listed AMCs, HDFC and Nippon, reported robust growth in both revenue and profits, the other two, Aditya Birla Sun Life and UTI, experienced profit declines. HDFC AMC reported an 18 per cent year-on-year increase in Q2 revenue to Rs 765 crore, while Nippon's revenue rose 15 per cent to Rs 475 crore.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances