Industrialist Ganga Prasad Birla died last night at 87 after a prolonged illness. His Rs 5,000-crore business included companies like Hindustan Motors, Orient Paper and Industries, Hyderabad Industries, Avtec and Nigeria Engineering Works.
G P Birla, noted industrialist and the second most eldest member of the Birla clan, passed away after a brief illness in Kolkata on Friday evening. Birla, 86, was younger to his cousin B K Birla, who is now 90. His father, late B M Birla, was the founder of the GP-CK Birla group which has interests in automobiles, bearings, earthmoving, power transmission equipment, cement, fan, IT and consumer durables among others.
Eyeing a revival, CK-GP Birla group's Hindustan Motors Ltd said it expected sales of its flagship 'Ambassador' cars to go up by 50 per cent in the next three years to 18,000 units annually.
'Hindi-Chini Bhai Bhai? Don't you believe it. I don't trust the Chinese one bit,' Nehru told Gopalaswamy Parthasarathi before he traveled to China as India's ambassador. Asking GP to be ever vigilant, Nehru advised the diplomat to send telegrams on important matters only to him. Many such anecdotes from a long and eventful career as diplomat and bureaucrat crowd the pages of GP: 1912-1995, discovers Uttaran Das Gupta.
The GP-C K Birla group-promoted Hindustan Motors is planning to launch new products from the Mitsubishi stable in the next six months.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
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