India's largest aluminium maker, the Aditya Birla group's Hindalco Industries Ltd, said on Friday it would buy copper mines in Australia from Straits Resources Ltd for A$79.80 million (US$47.11 million).\n\n\n\n
Birla Sun Life Mutual Fund, which manages assets over Rs 9,000 crore (Rs 90 billion), is eyeing acquisition and targets to grow by over 30 per cent this fiscal.
According to sources, Preneet Kaur, a Congress MP, is believed to have voted in support of the report.
With this, the total number of MPs suspended for unruly behaviour from the Lok Sabha and the Rajya Sabha stands at an unprecedented 146 since December 14.
Last week, Gandhi claimed that he had evidence of "personal corruption" of the prime minister but he was being prevented from speaking in the Lok Sabha because it would cause an earthquake.
Shahid Kapoor won a roomful of hearts at the Falguni Shane Peacock show.
The succession of B K Birla group companies is not yet complete as a decision on who will inherit Mangalam Cement and ECE Industries is yet pending.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
VCs have been especially bullish about India.
Dressed in colourful attire, members of the Lok Sabha and the Rajya Sabha on Tuesday got their group photograph clicked in the old Parliament building, hours before legislative proceedings shift to the new Parliament House.
In a blistering attack against the BJP over the violence in Manipur, Congress leader Rahul Gandhi on Wednesday alleged that its politics had "murdered Bharat Mata" in the northeastern state and termed members of the ruling party "traitors".
The card was used to purchase jewellery and electronic gadgets.
With a 35 per cent compound annual growth rate, the market for these brands is expected to reach $10 billion by 2027-28 (FY28), up from $2.4 billion now.
As industry voiced concern over the CBI naming industrialist Kumar Mangalam Birla in a case, Oil Minister M Veerappa Moily on Friday said investigating agencies and the judiciary must ensure that India does not become like Russia, where investors are not prepared to go and billionaires are put behind bars.
Aditya Birla Nuvo, the mini-conglomerate of Kumar Mangalam Birla, plans to deploy the surplus cash generated by its older-businesses such as carbon black, fertilisers, insulators, rayon and textiles in the growing new-generation businesses -- financial services, telecom, BPO and IT. Further, the company is looking at a transformation from a manufacturer to a 'premium conglomerate'.
Lok Sabha Speaker Om Birla on Monday warned members against referring to anyone's caste and religion in the House after a Congress MP alleged that Finance Minister Nirmala Sitharaman made certain remarks about his proficiency in Hindi because he belonged to a lower caste.
The Tata group companies increased their dividend payout to 28.3 per cent in the financial year ended March 2008 from 27.3 per cent a year earlier, while the corporate sector (1,121 dividend paying companies) pruned the dividend payout from 25.22 per cent to 23.04 per cent.
Sacked Rajasthan minister Rajendra Gudha had claimed that the red diary which he had secured from the residence of Congress leader Dharmendra Rathore during an income tax raid in July 2020 on the directions of the chief minister had details of Gehlot's financial transactions.
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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.
Speaker Om Birla sought to calm down opposition members, noting that a different system was in place to run the Sansad TV after it was created following the merger of the Lok Sabha TV and the Rajya Sabha TV.
rediffGURU Ulhas Joshi answers your mutual fund queries.
Hitesh Harisinghani/Rediff.com captures some beautiful moments from the many events of 2023, when the stars weren't looking.
Aditya Birla Retail on Thursday said its sales, even in Pune, have not been impacted by the spreading disease swine flu.
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
Larger hospitals are not worried about a spike in cases, as they are now accustomed to converting ICUs and general wards into negative pressure zones or isolation rooms. For smaller hospitals, the task is tedious.
Launching a counter offensive in the ongoing controversy over stake holding in Idea Cellular, Tatas on Tuesday dubbed the position of joint venture partner AV Birla Group as "misleading" and asserted that they were under no legal obligation to exit f
Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
In a bid to grab a larger pie of the 71,000-crore (Rs 710 billion) auto components segment, the Rs 2,500-crore (Rs 25 billion) Yash Birla group has decided to revitalise its auto tool business by infusing equity capital through an initial public offering (IPO) for a proposed holding company.
Birla Global Finance Ltd has informed BSE that an extraordinary general meeting of the shareholders of the company is scheduled on January 29, 2003 to redeem 27,50,000 redeemable cumulative preference shares of Rs. 100 each.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released.
Lok Sabha Speaker Om Birla on Thursday said no word has been banned from use in Parliament and members are free to express their views while maintaining decorum of the House.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
The government on Friday said it was examining the issue of shareholding in Idea Cellular raised by Aditya Birla Group and a rejoinder submitted by Tatas.
The ruling Bharatiya Janata Party on Saturday announced Prime Minister Narendra Modi will fight again from Varanasi in the upcoming Lok Sabha elections as it named 34 Union ministers in the first list of 195 candidates.
For the time being, however, Sehgal's book has to be required reading for anyone wanting to know not just about BK and Sarala Birla but the saga of the entire Birla family.
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