The acquisition of Trinethra Super Retail would put the Aditya Birla group ahead of competition, including Reliance, analysts tracking the development said.
Lok Sabha Speaker Om Birla on Saturday rejected suggestions that the suspension of 13 opposition members was linked to their protests over the recent security breach and recalled that the House had displayed exemplary solidarity and collective resolve when breaches had happened in the past.
Justice Sengupta 'released' the matter before the start of the hearing on Monday, citing 'compelling circumstances' without giving further details.\n\n
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.
Lok Sabha Speaker Om Birla has referred BJP MP Nishikant Dubey's complaint against Trinamool Congress member Mahua Moitra to the Ethics Committee of the lower House.
The collective wealth of the 100 richest went past $1 trillion for the first time.
The Birlas have filed a criminal case against Rajendra Lodha alleging that he was trying to convert some of the group's trust property in his own name for personal gain.
Leader of Opposition Rahul Gandhi raised the issue of irregularities in NEET soon after the Lok Sabha assembled for the day, prompting Defence Minister Rajnath Singh to assert that a separate discussion cannot be held till the House finishes with the motion of thanks on the president's address.
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'.
Raising slogans of 'Inquilab Zindabad' and 'Kejriwal Zindabad', Aam Aadmi Party workers and leaders reached the area's metro station in groups, with the party calling for a march to Prime Minister Narendra Modi's residence on Lok Kalyan Marg for a 'gherao'.
Government was watching Gandhiji's mood to know if he had cooled down. They found out from his letters and utterances that he was the same old firebrand and even more determined than before.
In its petition, Rameshwara Jute Mills, an MP Birla group company, has prayed that the board of directors of the Birla Corporation and other M P Birla group companies should be superseded by independent people, as after the death of R S Lodha, there was no one to represent the company. Opposing it, the Lodha camp submitted before the board that the petition was not maintainable and that there was no need to appoint any chairman of the group.
A lookout notice has been issued against industrialist Yash Birla in connection with a cheating case registered against his firm Birla Power Solutions, police said.
According to a police officer, four-five men reached Owaisi's 34 Ashoka Road residence located in Central Delhi and pasted three posters at the entry gate and wall of the house about 9 pm.
A change is in the wings, though perhaps not right now, for Basant Kumar Birla's Kesoram Industries. Birla, who is 90 and the chairman, says his daughter, Manjushree Khaitan, will manage Kesoram, but under his grandson, Kumar Mangalam Birla.
Samajwadi Party MP R K Chaudhary's demand to replace the Sengol installed next to the Lok Sabha Speaker's chair with a copy of the Constitution triggered a war of words on Thursday, with opposition leaders backing him, and the ruling Bharatiya Janata Party castigating him for 'disrespecting' Indian and Tamil culture.
The spat between the partners of telecom giant Idea turned murkier, with Birlas debunking the claims of Tatas that as a group they are not promoters and dubbing their termination notice as "illegal and malafide".
Telecom to Telekom Malaysia in an attempt to complete the merger, sources involved in the negotiations said, declining to be identified. The group has hired Enam Financial as adviser to the transaction. Investment banking sources said the lawyers from both the parties are now busy structuring the deal so that the acquisition meets all the regulatory norms of the country and the Birlas retain control over Idea Cellular.
Rajasthan's Mahipal Lomror put the IPL franchises on alert ahead of the mega auction with a sensational triple hundred comprising a staggering 13 sixes and 25 fours in their Ranji Trophy Group B match against Uttarakhand here on Thursday.
Talks in final stages, but both sides deny move.
A meeting of Aam Aadmi Party MLAs will be held on Tuesday morning, and Delhi Chief Minister Arvind Kejriwal is likely to tender his resignation after it, the party said.
'Which is growing fast and where we are very strongly positioned.'
India's resource-hungry corporations are going aggressive to acquire natural resource assets overseas.
The government on Wednesday said big cement companies owned by Birlas and Ambuja group have shown interest in buying the non-functional plants of Cement Corporation of India.
With six acquisitions in a little over a year, Birla has charted out a bold expansion path for his group.
The Aditya Birla Group, which rolled out its retail chain More recently, is studying the possibilities of creating linkages between its corporate social responsibility projects in the farm sector with the retail business of sourcing farm produce.
A face-off between the government and the opposition was erupted on Wednesday after Lok Sabha Speaker Om Birla read out a resolution condemning the imposition of Emergency and termed the decision by then prime minister Indira Gandhi an attack on the Constitution.
Aditya Birla Nuvo to buy controlling stake in Pantaloons Stores; Biyani gets Rs 1,600-cr boost; deal to create the country's largest fashion retailer.
Birla family patriarch Basant Kumar Birla on Tuesday said two of his companies, Century Textiles and Century Enka, would go to grandson, Kumarmangalam Birla
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
The group has interests in auto, textiles, engineering, chemical and power sectors, among others. "We think this is a good time to enter the IT sector. Melstar also has a US subsidiary, which gives us entry into this market as well," said PVR Murthy, CFO of YBG. The group is looking at further growth through acquisition, with the current focus on West Asian and South East Asian firms.
Birla Mutual Fund on Friday launched its new equity fund offer - 'Birla India GenNext Fund', which will invest in equities of firms that are expected to benefit from consumption habits of young people in the country.
The Aditya Birla Group chairman culls out for you the nine lessons that have been the key to the Birla group's transformation.
