Prime Minister Narendra Modi on Tuesday said the people have given his government a mandate for stability and continuity for the third consecutive term after seeing its work of 10 years and accused the Congress of trying to build a narrative that it has defeated the Bharatiya Janata Party-led National Democratic Alliance in the Lok Sabha polls.
Birla Tyres, a division of the B K Birla flagship Kesoram Industries Limited, on Thursday said it has entered into an arrangement with its collaborator Pirelli of Italy to sell 10,000 radial tyres per month.
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
A round-up of the Ranji Trophy matches played on Saturday.
After 15 months of negotiations, the Aditya Birla Group has finally agreed to buy out the US firm Columbian Chemicals Company (CCC) for $875 million from One Equity Partners, the merchant banking arm of JPMorgan Chase. This has catapulted the group to become the world leader in carbon black with a combined two million tonne annual production.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
Cameras were focused on Chief Justice of India Justice Dr Dhananjay Yeshwant Chandrachud at the Independence Day event at the Red Fort in New Delhi on Tuesday morning.
The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the case.
Engineering giant Larsen and Toubro and Aditya Birla group firm Grasim Industries are set to settle their long-standing dispute over the sale of cross-holdings out of court. Both the companies are believed to be in consultation with Chennai-based chartered accountant S Gurumurthy to act as arbitrator.
Aditya Birla Group on Friday said it donated funds to political outfits through a trust for around 15 years and that these were done within permissible limits of the country's laws.
The Lok Sabha witnessed a heated debate Friday on an Ethics Committee report recommending Trinamool Congress MP Mahua Moitra's expulsion in the cash-for-query issue, with the Opposition demanding she be allowed to speak in the House, and the government contending her views were heard by the panel.
The FIR relates to allocation of Talabira II and III coal blocks in 2005.
Voting for the second phase of Lok Sabha polls will be held on Friday for 88 seats in 13 states with Congress leader Rahul Gandhi seeking a second-straight term from Wayanad in Kerala.
The Lok Sabha on Thursday suspended newly-elected AAP member Sushil Kumar Rinku for the remaining part of the monsoon session for unruly behaviour in the house.
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.
Bharatiya Janata Party MP Nishikant Dubey on Sunday accused Trinamool Congress's Mahua Moitra of taking 'bribes' from a businessman to ask questions in Parliament and urged Lok Sabha Speaker Om Birla to constitute an 'inquiry committee' to look into the charges against her.
Kumar Mangalam Birla spoke high of the Modi government during the summit.
Known more for his lifestyle than business moves, Yash Birla talks to Bhupesh Bhandari about life and spirituality.
A special court on Monday asked the Central Bureau of Investigation to clarify whether "rule of law" was followed in allocation of coal blocks to top industrialist Kumar Mangalam Birla's Hindalco.
Parliament officials said Birla was upset at the behaviour of both the Opposition and Treasury benches during the passage of bills in the Lok Sabha on Tuesday.
Gandhi said the defence minister had "lied" to the family of martyr Ajay Singh, the armed forces and the youth of the country, and must apologise to them.
Both factions of the Jamiat Ulema-e-Hind (Arshad Madani and Mahmood Madani) slammed the Bill and expressed grave concerns over the proposed legislation.
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.
Lok Sabha Speaker Om Birla on Wednesday admitted a no-confidence motion moved by Congress MP Gaurav Gogoi against the Narendra Modi government after a head count of over 50 MPs as required under the rules.
The opposition parties, which have demanded the strictest action including suspension of Bidhuri for his "vile and communal" remarks during a discussion on the success of Chandrayaan-3 in Lok Sabha on Thursday, hit out at the BJP, alleging that it was trying to defend its MP instead of punishing him.
The card was used to purchase jewellery and electronic gadgets.
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.
Trinamool Congress leader Mahua Moitra was expelled on Friday from the Lok Sabha after the House adopted the report of its Ethics Committee that held her guilty of accepting gifts and illegal gratification from a businessman to further his interest.
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.
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'.
