To bring clarity, the department clearly defines terms such as promoter and competitor.
The Aditya Birla group's wireless telephony firm Idea Cellular has agreed to buy Spice Communications in a three-stage deal in which minority shareholders of Spice would be given an option either to swap their shares for the Birla group firm or sell them in an open offer.
Idea Cellular, the Aditya Birla group firm that is on the verge of taking over Spice Communications by buying out B K Modi's 41 per cent stake, is sounding out its bankers to raise funds to upgrade in the struggling telecom operator's network and technology.
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
With this, we are getting a global footprint in 29 countries and take our employee strength to 100,000.
The 189-million tonne domestic cement industry is gearing up to tackle attrition in the industry.
Larsen & Toubro will sell its 11.49 per cent stake in the Aditya Birla Group-owned UltraTech Cement in the open market, after the latter waived its first right of refusal to buy the stake.
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Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Transcript of the chat with Sumant Singa, chief financial officer of the Aditya Birla Group.
Not just Mumbai, the company's plans to roll out services in Bihar and Jharkhand has also been delayed due to the unavailability of spectrum.
Indian telecom companies are likely to get a windfall of Rs 100-150 crore (Rs 1 to Rs 1.5 billion) when they announce their first quarter results during this week.
You can get a lumpsum sanctioned, but you may draw only part of it and pay interest on the amount used.
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.
We are now looking at getting offshore development capabilities and working with Minacs to provide an IT-blended solutions for the banking, financial services and insurance segment
Indian investments in the West Midlands, UK, have doubled in the last 2 years, thereby strengthening relations between India and UK.
The $24 billion diversified Aditya Birla Group on Friday announced its entry into domestic organised retail market with an investment of up to Rs 9,000 crore (Rs 90 billion) over three years to set up 1,000 supermarkets.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The retailer, which runs a supermarket chain under the More brand, is targeting annual sales of $4.5 billion (Rs 22,000 crore or Rs 220 billion) by March 2014 from Rs 1,200 crore (Rs 12 billion) in the current financial year. The retailer clocked sales of Rs 500 in the previous year. In 2007, the company had talked about a Rs 9,000 crore (Rs 90 billion) investment plan.
On the heels of Reliance Industries foraying into the lucrative retail business, Birla Group too contemplates rolling out its organised retail initiative.
Grasim Industries, a part of the Aditya Birla group, has decided to sell 53.3 per cent stake in Shree Digvijay Cement Company (SDCC) to Cimpor, a Portuguese cement maker, for Rs 322 crore (Rs 3.22 billion).
The company is also looking at recruiting employees from outside India, especially for services and expertise that people in India lack.
India Inc is unfazed by the sharp fall of the rupee against the greenback as most big firms have already hedged their foreign exchange exposures.
Ajit Mishra answers reader queries on the stock market.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
HOV Services pays Rs 660 crore for US firm.
The Ruias of Essar have rejected an offer by the Aditya Birla group's Idea Cellular to acquire BPL Mobile's Mumbai circle, which lost heavily on its valuations due to the corporate battle between its shareholders.
TransWorks (Aditya Birla Group) has positions open in Voice Based Services.
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 investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
The New Year could well end up being the year of organised retailers.
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