RCB’s transition into the Birla fold followed United Spirits Limited’s decision to sell its 100 percent stake in Royal Challengers Sports Private Limited to a consortium led by the Aditya Birla Group.
The share of branded players increased to around 74 percent in FY23 from 61 percent in FY14 and is expected to rise to 80 percent by FY25, according to Motilal Oswal Financial Services.
The W&C industry size is estimated at Rs 80,000 crore, having delivered a CAGR of 12-13% between FY19 and FY24 The shift from the unorganised to the organised market provides an attractive opportunity for a new player
Expected tax cuts and import tariffs could create favourable conditions for Birla’s US-based aluminium business Novelis, which has extensive investments in that country
Cement and paints markets are like chalk and cheese and strategies for dominance or entry are different.
The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India’s infrastructure boom.
Despite this increase in BGHPL's shareholding, Grasim clarified that there is no change in the overall shareholding of the promoter and promoter Group of the company
Vodafone Idea FPO shares listed at NSE on 25th April. India's third-largest telecom operator had offered 1,260 crore shares in the Rs 18,000-crore FPO, the largest such offering in the country. This move is part of a larger strategy to gather Rs 45,000 crore through a combination of debt and equity. The price band for the offer, which was open for subscription from April 18-22, was fixed at Rs 10-11 apiece. Watch for more
The competition heated up in the Indian cement industry after Adani's take over of Ambuja Cement and ACC Ltd., which placed Adani in direct competition with UltraTech. Analysts expect the war for market share to continue and may lead to price wars even as new capacities are added.
The comments come as industry players are betting high on the decorative cement business amid expectations for the sector to grow to Rs 1 lakh crore in the next five years.
If not for Sachin Bansal’s ambition to get a banking licence, there was a cultural and strategic misfit between what Chaitanya was and could be. He wants Navi to be an urban 100% digital banking firm. But without a banking licence, it is a long hard journey to become a large financial services player in India.
Montek agreed that the issue has caused a huge damage to the reputation of Kumar Mangalam Birla and retired Coal Secretary P C Parakh. But, he quickly added that it is a Supreme Court supervised investigation and the people need to wait for its conclusion instead of making their interpretations.
The Service Tax Department has slapped tax notices to the tune of Rs 3,000 crore to India Inc. Conglomerates like Tata, Reliance, and Birla are likely to come under the taxman's lens.
While corporate heavyweights from the Tata, Birla and Bajaj groups to Anil Ambani's Reliance Capital are among those applying for the right to establish full-fledged banks, the pool of 26 hopefuls was smaller than analysts had expected.
Shriram Capital is seen as a strong contender to win a licence. Corporate heavyweights, from the Birla and Bajaj groups to Anil Ambani's Reliance Capital are among several companies aspiring to get into mainstream banking