




Kumar Mangalam Birla, Chairman, Aditya Birla Group, said that for any investor, not just foreign entrepreneurs, stability and visibility is a good thing.
In a major u-turn, the Central Bureau of Investigation (CBI), which had on October 21 told the Supreme Court it had no prima facie evidence against industrialist Kumar Mangalam Birla and former coal secretary PC Parakh in the allocation of two coal blocks, has today said it has evidence against the accused, reports CNBC-TV18‘s Ashmit Kumar.
The USIBC is celebrating its 39th anniversary today and will honour Kumar Mangalamk Birla and Steven Kandarian of MetLife for their contribution to strengthen ties between both India and US.
The court further pointed out that the CBI‘s story on filing of the closure report is not coherent and it needs to ascertain if procedures of law were followed in doing the same.
The status report will include all 14 FIRs that have been filed in the coalgate scam by the CBI. According to details of the report, CBI will not back off from the investigation against Birla.
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for leveling charges against Birla. He said, “a detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
Speaking on the widely deliberated relationship between industrialists and bureaucrats, DK Mittal, former finance secretary and TSR Subramanian, former cabinet secretary say the CBI filing an FIR against Aditya Birla head Kumar Mangalam Birla and PC Parakh, former coal secretary has far reaching negative implications.
The CBI registered a case against industrialist KM Birla in connection with alleged irregularities in allocation of coal blocks in 2005.
New Delhi: Former coal secretary PC Parakh dismissed any wrongdoing in the Coal block allocation scam and maintained that Prime Minister Manmohan Singh had the authority to reject his observations if he felt he was favouring a particular party.
Parakh has hit out at the PM, saying if he is to be blamed for the scam, then the PM too is an accused.
India Business Leader Awards jury headed by Deepak Parekh, including other distinguished personalities like Kumar Mangalam Birla, Arun Maira, AM Naik, Naina Lal Kidwai, Bimal Jalan and Raghav Bahl, all of who expressed their views on the key challenges facing the Indian economy.
Kumar Managalam Birla of Aditya Birla Group says the government expediting project clearances can give a huge impetus to the slowdown seen in the Indian economy.
Jaiprakash Associates plans to reduce its debt by Rs 15,000 crore. Along with its subsidiaries, the group has a total debt of Rs 55,000-56,000 crore.
Kumar Mangalam Birla believes it is a good asset, it is well priced, it is a fair value. It fits in with our overall scheme of things strategically.
The second Forbes India Leadership Awards rewarded and recognised India's top leaders at a glittering ceremony at the Oberoi in Mumbai.
Times are tough for telecom sector, admits Aditya Birla Group Chairman Kumar Mangalam Birla, adding he is still to decide whether Idea Celluar will participate in the upcoming 2G auctions.
Slow progress in government approvals is impacting growth for cement companies, said Kumar Mangalam Birla, chairman of Ultratech Cement while addressing shareholders at the company's annual general meeting.
Following YC Deveshwar‘s belief in the India story, Kumar Mangalam Birla, chairman, Aditya Birla Group, is confident India will emerge from the current mess, reports CNBC-TV18
Entrepreneurship is all about sacrifice today in the hope that tomorrow will be better says iconic business leader Narayana Murthy. How true! When I look at some of the success stories of people like Kumar Mangalam Birla or Shashi Ruia or Vijay Mallya- Narayana Murthy’s observation keep ringing in my years.
The CNBC-TV18 India Business Leader Awards was created with a vision to recognize the leaders who create and sustain entrepreneurial initiatives, develop best practices and carve out powerful businesses in the global economy.