Birla

Adani, Birla enter wires and cables market, but cracking distribution holds the key

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.

UltraTech’s wires and cables foray: A high-voltage hazard for incumbents?

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

Aditya Birla group stands to gain from Trump's 'America First' push, say analysts

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

It’s Adani Vs Birla and Birla Vs Asian Paints in battle of giants

Cement and paints markets are like chalk and cheese and strategies for dominance or entry are different.

Billionaire battle heats up as Adani challenges Birla in cement

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.

Grasim promoter Birla Group Holdings increases stake by 4.08%

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

Beginning of Voda-Idea 2.0 says K Mangalam Birla as Vodafone-Idea FPO shares list at NSE

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

Cement business growth will be through organic, inorganic routes: Kumar Mangalam Birla

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.

Grasim's Birla Opus expects to exit FY25 with high-single-digit market share

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.

Why Sachin Bansal sold Chaitanya to Birla despite its success

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.

'My time more valuable than that of Adani, Tata, Birla': Yoga guru Ramdev

Ramdev said, 'Corporates spend 99 percent of their time in self-interest, whereas a seer's time is for common good.'

SC dismisses Birla's petitions contesting Calcutta HC order to make AGM voting results public

A bench of the Calcutta High Court asked the Birlas to disclose the voting results of AGMs of three MP Birla group companies.

Birlas to challenge Harsh Lodha's reinstatement as director in MP Birla Group firms

The Birla family, which has been in a 16-year-old legal battle with the Lodhas to wrest control of the Rs 5,000-crore Birla Estate

Aditya Birla Idea Payments Bank starts operations from February 22

Aditya Birla Idea Payments bank is among seven entities to get a final approval from the banking regulator. Airtel Payments Bank Ltd was the first payments bank. So far, Airtel, Paytm, India Post, and Fino Payments Banks have been launched

Kumar Mangalam Birla 'unanimous' pick to head Voda-Idea combine

The Aditya Birla Group Chairman's appointment as head of the merged entity would help Vodafone Plc make the case that it has deconsolidated its India subsidiary, according to a report in Mint,

Why is PM shying away from an independent probe: Dikshit

Toeing the party line, Sheila Dikshit today targeted Prime Minister Narendra Modi wondering why he was shying away from an independent probe into the 'Sahara-Birla' papers relating to alleged pay-offs, days after her comments questioning autheticity of the documents put Congress on the backfoot.

Gross loan portfolio to hit Rs 500 crore mark in 2016: Svatantra

The Birla family's microfinance venture, Svatantra, has completed two years of operations. Ananya Birla, who heads the company spoke exclusively to CNBC-TV18's Priya Sheth and outlined its plans going forward for 2016.

Paytm plans to launch payments bank by March

Paytm founder and CEO Vijay Shekhar Sharma was one of the two individuals, besides nine other entities including Reliance, Vodafone, Airtel, Birla and TechMahindra, among others, which have been granted in-principle nod to set up payments banks by Reserve Bank last month.

No officials, Birla pursued any unlawful means: Hindalco

Reacting to the special CBI court's summon on Birla, the company and two of its top officials as accused in a coal scam case, the company said that it would defend its case through "legal process" after studying order of the special court.

CBI to close case against Birla and Parakh this week

The agency had reached conclusion to include names of Birla and Parakh in the FIR in connection with allocation of Talabira-II coal block after scrutinising related files during its nearly 16 month-long preliminary enquiry.

'FIR against Birla doesn't mean govt targeting industry'

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.