Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
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.
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
Vodafone Idea's cash flow analysis indicates that its situation may remain challenging even after any relief measures, and the telco needs "meaningful capital infusion" with a long gestation period to become competitive, a report by Credit Suisse said on Wednesday. The report expects Airtel to be "well placed" in either of the scenarios, of two-private-operator sector, or three private operators post an industry repair. The note by Credit Suisse on the Indian telecom sector said there has been increasing interest among investors to evaluate valuations of Bharti Airtel and Indus Towers under two situations, in the wake of recent developments.
The A V Birla group on Tuesday announced the acquisition of its second copper mine in Australia.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
The company now plans to start services in Bihar, Jharkhand, Tamil Nadu and Orissa by end-December-January-2009. Idea Cellular currently runs operations in Delhi, Himachal Pradesh, Rajasthan, Haryana, Uttar Pradesh and Uttaranchal, Madhya Pradesh and Chattisgarh, Gujarat, Maharashtra, Goa, Andhra Pradesh and Kerala and holds spectrum for Bihar, Orissa, Tamil Nadu and Karnataka and licenses for the remaining six service areas.
Indian Rayon, an Aditya Birla Group company, on Friday announced its entry into the Business Process Outsourcing sector with the acquisition of TransWorks, a leading Indian ITES/BPO company, for about $13 million.
Aditya Birla group's Idea Cellular has signed a deal to acquire 40.8 per cent stake in Spice Communications for Rs 2,716 crore (Rs 27.16 billion).
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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.
Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal, Vodafone Plc CEO Vittorio Colao, Telenor CEO Jon Fredrik Baksaas and Idea Cellular Chairman Kumar Mangalam Birla on Wednesday met ministers and senior government officials to present the industry's concerns over telecom regulator Trai's proposals on the auction of spectrum.
Overseas operations already account for nearly 30 per cent of the group's revenue now and the Novelis acquisition would go a long way in fulfilling group chairman Kumar Mangalam Birla's ambition
A choppy beginning followed by flashes of good work. Strong pedigree, yet lagging behind peers. That could be actor Abhishek Bachchan or the mobile phone service he endorses, Idea Cellular. The analogy goes further. Just like Amitabh decided to step in and shore up his son's career, Idea's parent, AV Birla Group, has taken the cellular services provider by the scruff in a bid to make it one of the top three in the business.
CBI has registered 18 FIRs so far in the coal scam.
S Ramadorai, Tata Consultancy Services CEO, been selected the Business India Businessman of the Year 2004.
Even if the company's merger issue was sorted out, it would have a lot of ground to cover in order to attract subscribers.
The average age of the people has come down. Finally, we have gone in for inorganic growth rather than organic in recent years.
While the rich and famous from across the world have assembled in Davos for their annual talk-fest and networking for business, many top Indian business leaders like Mukesh Ambani and Rahul Bajaj have given this year's WEF Annual Meeting a miss.
'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'
The chief minister of Odisha had reiterated this position assigning topmost priority to the allocation of Talabira-II in favour of Hindalco.
Telecom honchos Sunil Bharti Mittal, Anil Ambani, Kumar Mangalam Birla and Vittorio Colao are expected to meet IT and Communications Minister Kapil Sibal tomorrow to discuss various issues impacting the sector.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
A special court on Friday asked the CBI as to what was the "hurry" in filing a closure report in the coal blocks allocation case in which it had earlier lodged an FIR against top industrialist Kumar Mangalam Birla and others.
Luminaries from the world of business and politics on Wednesday said in the death of N A Palkhivala, the country had lost a multi-faceted personality.
Micky Jagtiani, owner of Landmark, the unlisted Dubai-based retail chain, has entered the list of 10 richest Indians compiled by Bloomberg.
The BSE index closed down 0.18 percent at 28,659.17, its lowest closing level since Feb. 11.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
The Central Bureau of Investigation has filed a progress report of its further investigation in the coal blocks allocation scam case allegedly involving former Coal Secretary P C Parakh, industrialist Kumar Mangalam Birla and others, in a sealed cover before a special court.
Kumar Mangalam Birla will be the non-executive chairman and Balesh Sharma the new CEO of the merged entity, which will remain listed.
The women stole the show at the Dadasaheb Phalke Excellence awards.
The minister asked the corporate sector to follow fair corporate disclosure norms.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
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.
Former PM Manmohan Singh moved the SC against a special court order summoning him as accused in coalgate case.
