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.
Despite these challenges, his strong voice for the state's tribal population has been central to his political identity
K K Birla, noted industrialist and former Rajya Sabha member, died on Saturday morning at his residence in Kolkata after a brief illness. He was 90.Birla was ailing for the last two weeks and the end came at 7.30 am, family members said. His wife Manorama Devi Birla died about a month ago
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
The Supreme Court on Monday refused to expedite hearing on a petition filed by three Birla family members, who have challenged the Calcutta High Court's order that refused them right to object to the purported 1999 'will' of late Priyamvada Birla.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
rediffGURU Mayank Chandel offers advice to students interested in a careers in science or engineering after class 10 and 12.
The opposition on Sunday asked the Centre to allow discussions in the Parliament on the United States prosecutors' bribery charges against the Adani Group even as Union minister Kiren Rijiju made it clear that the matters to be taken up in the two Houses will be decided by their authorised committees with the consent of the respective Chair.
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.
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
The judge summoned Birla as one of the accused in the case.
Prime Minister Narendra Modi on Tuesday said the people of the country had given his government the chance to serve them for the third consecutive term after testing it on every criteria.
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
Yash Birla, one of most prominent businessmen of India, had a lively interaction with rediff.com readers when he hosted a chat on Tuesday.
From the word go, Bihar growled its needs out when an MP from the state said aloud: "Give something for Bihar also, Madam." Every time the Budget mentioned cities and towns in Andhra Pradesh, "Kursi Bachao" was the call from Congress MPs.
In an exclusive chat with the readers of Rediff.com, on Tuesday, March 11, Yashovardhan Birla, chairman of the Yash Birla Group discusses his deep belief in spirituality and his faith in true love.
The legal tussle between the Birlas and Lodha has taken another turn with Lodha filing a Rs 100 crore (Rs 1 billion) defamation suit against the Birlas for alleged statements made against him.
As he took the bow at the end of the Lakme Fashion Week x FDCI show, many in the crowd cheered for him with an inkling that the magic and the beauty they just witnessed on the ramp was perhaps for the last time. But no one in the fashion fraternity thought that Bal would pass away so soon.
The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024. The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.
Strides made in the information technology sector has enabled India to emerge as the world's "electronic housekeeper" and good economic performance has put the nation firmly on the path of growth, the doyen of Indian industry K K Birla has said.
The Supreme Court on Monday dismissed four petitions filed by the Birlas challenging R S Lodha's right to object to late Priyamvada Birla's purported will of 1999. A bench headed by Justice S B Sinha while dismissing the petition has imposed cost of Rs 2,50,000 each on the three Birla members.
It wasn't Kumar Mangalam Birla alone; the Hindalco mine allocation turned the spotlight on the PM and the Odisha CM.
The Aditya Birla group, led by Kumar Mangalam Birla, has taken charge of its mutual fund joint venture with Sun Life Financial of Canada by buying 1 per cent stake from the latter.
Kumar Birla presented his views on privatisation of education and improving infrastruture for a better India.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
The meeting of the Joint Committee on Waqf (Amendment) Bill took an ugly turn as the Trinamool Congress MP smashed a glass water bottle and threw it towards panel chairman Jagdambika Pal of the Bharatiya Janata Party during a heated exchange of words with BJP's Abhijit Gangopadhyay, a former Calcutta high court judge.
You can also read about the Indira Gandhi Assassination Case, the Parliament Attack Case, the Red Fort Attack Case, the Jessica Lal Murder Case, the Decriminalisation of Homosexuality Case among others.
The Enforcement Directorate has questioned Yash Birla, Chairman of Yash Birla Group, in connection with certain overseas financial transactions, officials in the central agency said on Monday.
Commerce and Industry Minister Anand Sharma on Wednesday appeared to share industry's concerns over naming Kumar Mangalam Birla in an FIR in coal scam case saying it was unfortunate and could raise questions over investor confidence in the country.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
