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.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
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.
"We are sure that the will is fabricated and so are going to challenge it in the court of law," highly-placed sources in B K Birla group said on Wednesday.
The Lok Sabha's Ethics Committee will hold its first meeting on Thursday on the allegations against Trinamool Congress MP Mahua Moitra, with Bharatiya Janata Party parliamentarian and the complainant Nishikant Dubey and advocate Jai Anant Dehadrai scheduled to record their statements.
India, Canada relations have nosedived after Prime Minister Justin Trudeau's allegations last month linking Indian agents to the killing of Khalistani extremist Hardeep Singh Nijjar in June.
In a relief to R S Lodha, the Company Law Board on Monday dismissed a petition seeking investigation into who controls M P Birla flagship company Birla Corporation.
'In phases when smaller stocks do well, an equal-weight index performs better than its market cap-weighted peer.'
The Aditya Birla group has taken The Indian Express Ltd, publishers of the Indian Express newspaper, to court.
UltraTech Cement Ltd on Monday reported a 35.24 per cent increase in consolidated net profit at Rs 2,258.58 crore for the fourth quarter ended March 31, 2024. The leading cement maker had posted a consolidated net profit of Rs 1,670.10 crore in the January-March quarter of the last fiscal, according to a regulatory filing from UltraTech. Its revenue from operations rose 9.41 per cent to Rs 20,418.94 crore during the period under review.
Strict screening protocols are to be implemented for passengers arriving from central African countries affected by the outbreak.
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
The much-anticipated legal battle between the Birlas and their auditor Rajendra S Lodha over the control of M P Birla group could not begin on Monday as a Calcutta high court judge declined to hear the matter on personal grounds.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
Hindalco is currently one of the frontrunners in the coal auction
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.
'There's significant interest from both existing and new sponsors who recognise the value of associating with Olympic athletes.'
The Bharatiya Janata Party has begun consultations with its allies on the ruling National Democratic Alliance's candidate for the Lok Sabha Speaker's post while the opposition Indian National Developmental Inclusive Alliance (INDIA) is considering its options and may force a contest to score political points, sources said on Monday, a day before the filing of nomination for the key position.
India Inc believes that the FM has done a terrific job, but consumers may not have got their due.
The Aditya Birla Group mayrestructure plan to bring all its retail verticals under Pantaloon Fashion & Retail.
Tatas agreed to a joint venture, competed with it, later walked out and are now filing 'frivolous' petitions against it, Birlas told Supreme Court in reply to Tata Industries' plea for arbitration on mobile firm Idea Cellular.
Heavy rain in the first week of July compensated for the shortfall but caused flooding in many northeastern states.
BJP sources said the party has sought a reply from the South Delhi MP for his use of unparliamentary words.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
The legal battle for the Rs 5,000 crore (Rs 50 billion) worth assets of M P Birla group has entered a crucial stage with the main arguments for claimant Rajendra S Lodha's probate petition for Priyamvada Birla's purported will about to begin soon.
A bench comprising Justice S B Sinha and Justice H S Bedi, which is hearing the matter, had earlier issued notices asking Lodha, the representatives and legal heirs of Late Laxmi Devi Newar, including Nand Gopal Khaitan, to file their replies. The hearing will resume on Wednesday.
Ranji Trophy: Birla scion Aryaman hits maiden first-class ton, MP salvage draw against Bengal
AV Birla Group chairman, Kumar Mangalam Birla and the chief executive officer of Aditya Birla Retail, Sumant Sinha bare the details, in this open-ended conversation, about their plans for Aditya Birla Retail.
A division bench comprising Justice P C Ghose and Justice T K Dutta, while setting aside the order of Justice K J Sengupta appointing the four administrators to the estate, directed Lodha not to sell any part of it or spend any amount from it except for its maintenance.
