Grasim Industries Ltd has submitted an alternate proposal to Larsen & Toubro before the engineering major decides to demerge its cement business at its board meeting
While the investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
The chairman of the diversified Aditya Birla group, Kumar Mangalam Birla, has bought a 25 per cent stake in Rupert Murdoch's News Corp-owned Indian news channel, Star India said.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
"Everything we consume, we have to consume responsibly," the textile minister said at Lakme Fashion Week.
Grasim Industries Ltd, whose attempt to acquire larger conglomerate Larsen & Toubro Ltd has been delayed by regulators, has challenged L&T's plans to hive off its cement division, a spokeswoman said.
The S&P BSE Small-cap index has recovered 26 per cent as compared to a 23 per cent rise in the S&P BSE Sensex.
India Inc pledges $75 bn on Digital India launch
'Children should include their parents in the group health insurance cover provided by the employer at the earliest.' 'However, the elderly should not depend on it alone and should also buy a personal health cover,' suggests Sanjay Kumar Singh.
Oil and Natural Gas Corporation is likely to buy 16.9 per cent stake of Hindustan Petroleum Corporation in loss-making Mangalore Refinery and Petrochemicals for close to Rs 550 crore.\n\n
Decks have been cleared for Oil and Natural Gas Corporation to take over the Mangalore Refinery and Petrochemical Ltd with Public Investment Board on Wednesday giving consent to the Rs 659.4 crore (Rs 6.59 billion) proposal.
Grasim Industries Ltd, an Aditya Birla group flagship company, has posted a 68 per cent rise in its net profit at Rs 219.2 crore for the first quarter ended June 30, 2004 as against Rs 130.5 crore in the corresponding quarter last fiscal.
For the past few years, Avigo has been in talks with many strategic players, including private equity investors, to sell its stake in Spykar.
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Ajit Mishra answers reader queries on the stock market.
Mukesh Ambani continues to remain the richest man in India.
Real estate experts say rentals have corrected by 5-10 per cent across formats, including office, retail and housing, with a pick-up expected over the next few quarters as the economy recovers.
Hindalco is currently one of the frontrunners in the coal auction
Hindalco has already bagged 4 mines in Jharkhand and Chhattisgarh
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
The states will get over Rs l lakh crore.
Both Grasim and L&T were boosted in early trades on Monday after Sebi cleared Grasim of charges of violating the Takeover Code while acquiring L&T.
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India Inc raised $2.78 billion from overseas markets in October this year, up 44 per cent from a year ago, according to the Reserve Bank data released on Friday.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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.
