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.
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.
The average age of the people has come down. Finally, we have gone in for inorganic growth rather than organic in recent years.
Black and gold dominate the red carpet!
.jpg)
An advocate on Thursday moved the Supreme Court seeking directions to the Central Bureau of Investigation to name Prime Minister Manmohan Singh in its FIR filed against industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh in a coal block allocation case.
The minister asked the corporate sector to follow fair corporate disclosure norms.
S Ramadorai, Tata Consultancy Services CEO, been selected the Business India Businessman of the Year 2004.
It emerges that Vi has probably offered good data quality despite being short on spectrum and infrastructure due to its stretched finances. Did the two companies that merged face the heat due to price wars? Probably. Did the government's tough stance in demanding its "due" share of telecom revenues hurt the company? Certainly!
our vision is to focus more on quality, providing more value for money, and a world class shopping experience for our customers.
The Aditya Birla group has set aside 6.5 per cent stake in Bachhraj & Co, the company that controls 24.54 per cent of Bajaj Hindusthan, for Kushagra Bajaj's wife, Vasavadatta, sources close to the development said.
The Aditya Birla group has agreed to sell two unlisted downstream palm oil companies in Malaysia for Rs 540 crore
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
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.
The Aditya Birla Group chairman culls out for you the nine lessons that have been the key to the Birla group's transformation.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
The A V Birla group on Tuesday announced the acquisition of its second copper mine in Australia.
The actor launched the Paani Foundation, which has participation from businessmen like Mukesh Ambani, Ratan Tata, Kumar Mangalam Birla.
Mukehs Ambani, KLakshmi Mittal, Azim Premji features in top ten rich Indians list.
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
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.
Business India has selected Aditya Birla Group chairman Kumar Mangalam Birla as the 'Businessman of the Year'
Prima facie, there appears to be no violation of the Companies Law in Kumar Mangalam Birla transferring his 25 per cent stake to Suhel Seth in the uplinking entity of Star, senior DCA officials said in New Delhi on Tuesday.
Measures reportedly being mulled by the government to ease telecom industry's stress and fundraising may give Vodafone Idea the much-needed breather, but structural issue undermining the sector can be fixed only with "sizable" tariff hike for 4G prepaid customers, according to a note by Edelweiss. It further observed that as Voda Idea's large liabilities are falling due, and given the impending launch of JioPhone Next (whose rollout timeline has now been pushed to before Diwali), "the sooner the government measures as well as tariff hikes are rolled out, the better it is". It is pertinent to mention here that the telecom sector has been keenly watching out for the relief package, which could include redefinition of Adjusted Gross Revenue (AGR) to exclude non-telecom items, cut in levies such as Spectrum Usage Charges and easier terms and conditions for surrendering radiowaves to the government.
The overall wireless subscriber base increased to 114 crore at the end of June
