Aditya Birla Group and Holcim are rapidly increasing capacity in a bid to become the largest player in India's cement industry.
Engineering giant Larsen and Toubro and Aditya Birla group firm Grasim Industries are set to settle their long-standing dispute over the sale of cross-holdings out of court. Both the companies are believed to be in consultation with Chennai-based chartered accountant S Gurumurthy to act as arbitrator.
CEOs point fingers at rural job guarantee and related govt welfare schemes; say mechanisation an increasingly viable option.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Chartered accountancy firm Lodha & Co has resigned as statutory auditor for Grasim Industries Ltd, a Aditya Birla group company, and city-based G P Kapadia & Co has been appointed as sole statutory auditors for the firm.
Grasim Industries Ltd has submitted an alternate proposal to Larsen & Toubro before the engineering major decides to demerge its cement business at its board meeting
A summary of Ranji Trophy matches played on Thursday.
Jindal Power bagged 2 coal mines in Chhattisgarh.
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 Aditya Birla Group company has already spent over Rs 3,000 crore on projects to take its production capacity from 17 million tonnes to 21.9 mt and plans to further scale up till 23.1 mt by June-end. K C Birla, chief financial officer, said, "We will continue to maintain our market share and, if required, we will go ahead with more capacity additions to ensure we don't become a loser in the market."
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Larsen & Toubro will sell its 11.49 per cent stake in the Aditya Birla Group-owned UltraTech Cement in the open market, after the latter waived its first right of refusal to buy the stake.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Transcript of the chat with Sumant Singa, chief financial officer of the Aditya Birla Group.
The $24 billion diversified Aditya Birla Group on Friday announced its entry into domestic organised retail market with an investment of up to Rs 9,000 crore (Rs 90 billion) over three years to set up 1,000 supermarkets.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra answers reader queries on the stock market.
CAB secretary Aditya Verma wrote to BCCI President Jagmohan Dalmiya, questioning N Srinivasan's election as TNCA President and his proposed presence at the ICC Board meeting as BCCI representative.
Mukesh Ambani continues to remain the richest man in India.
The states will get over Rs l lakh crore.
India Cements Managing Director and Board of Cricket Council of India President N Srinivasan, an accused in the illegal assets case involving YSR Congress leader Y S Jaganmohan Reddy, on Friday appeared before a special court in Hyderabad, along with others chargesheeted by the Central Bureau of Investigation in the high-profile case.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Both Grasim and L&T were boosted in early trades on Monday after Sebi cleared Grasim of charges of violating the Takeover Code while acquiring L&T.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
The Board of Control for Cricket in India has filed a 238-page writ petition in the Supreme Court in order to get clarity about whether its former president N Srinivasan should be allowed to attend the Board meetings.
'I didn't know how I would say all the loving, romantic bits.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A host of high-profile personalities from the world of politics and business on Sunday paid homage to late Shiv Sena supremo Bal Thackeray on his first death anniversary at the ShivajiPark grounds in Mumbai.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Aditya Verma, the petitioner in the IPL spot-fixing scandal, hailed the verdict, stating that the ball is now in the BCCI's court and cleaning up the mess can start with BCCI secretary Anurag Thakur urging former BCCI president Srinivasan to withdraw his representation from the ICC.
The Aditya Birla group's decision to merge two companies, each with an existing clutch of diverse businesses, flies in the face of the accumulated wisdom regarding conglomerates, says T N Ninan.
