Aditya Birla Group

Aditya Birla Group News

CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion
Business

CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion

Flipkart and Aditya Birla Fashion had announced the agreement in October 2020 in which Aditya Birla Fashion would be issuing a 7.8 percent stake to Flipkart on a preferential basis.

Ananya Birla slams US restaurant for being 'racist', shares ordeal on Twitter
India

Ananya Birla slams US restaurant for being 'racist', shares ordeal on Twitter

Ananya Birla tweeted that the Italian-American dining place in California “literally threw” her and her family out of their premises.

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr
Business

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr

Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal of the Income Tax

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
Business

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Business

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment

Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues

Meeting with Indian CEOs, Donald Trump says US govt committed to reduce 'regulations', will eye more overseas investments
Business

Meeting with Indian CEOs, Donald Trump says US govt committed to reduce 'regulations', will eye more overseas investments

Trump said that China is working very hard to contain coronavirus outbreak and it looks like they are getting it more and more under control.

Vodafone Idea will shut in absence of govt relief, company will have to opt for insolvency route: Chairman Kumar Mangalam Birla
Business

Vodafone Idea will shut in absence of govt relief, company will have to opt for insolvency route: Chairman Kumar Mangalam Birla

At 12:06 hours, the Vodafone Idea stock was quoting at Rs 6.88, down Rs 0.43, or 5.88 percent.

Vodafone Idea, Bharti Airtel shares continue to rally for fourth consecutive session
Business

Vodafone Idea, Bharti Airtel shares continue to rally for fourth consecutive session

Shares of Vodafone Idea and Bharti Airtel remained in heavy demand on Wednesday, with the former surging up to 32 percent, after announcing a hike in a mobile phone call and data charges from December

Telecom crisis: Brokerages expect around 15% hike in tariffs for Vodafone, Bharti Airtel customers from December
Business

Telecom crisis: Brokerages expect around 15% hike in tariffs for Vodafone, Bharti Airtel customers from December

Customers of Vodafone Idea and Bharti Airtel must now brace themselves with higher mobile phone bills come next month

Vodafone Idea, Bharti Airtel shares zoom to 30% after telcos announce hike in mobile phone call, data charges from December
Business

Vodafone Idea, Bharti Airtel shares zoom to 30% after telcos announce hike in mobile phone call, data charges from December

Shares of Vodafone Idea and Bharti Airtel on Tuesday jumped up to 30 percent on Tuesday after both the companies announced a hike in a mobile phone call and data charges from December

Telecom crisis deepens: Airtel, Vodafone Idea mobile service rate hikes from December to hit customers hard
Business

Telecom crisis deepens: Airtel, Vodafone Idea mobile service rate hikes from December to hit customers hard

Bharti Airtel on Monday said it will start raising rates for services in December to make business viable

Aditya Birla Group may exit joint venture Vodafone Idea, opts for insolvency if govt does not provide relief: Report
Business

Aditya Birla Group may exit joint venture Vodafone Idea, opts for insolvency if govt does not provide relief: Report

As per Department of Telecom's estimate, the liability of Vodafone Idea is around Rs 54,183.9 crore

UltraTech Cement to invest Rs 940 cr for increasing production capacity in eastern markets
Business

UltraTech Cement to invest Rs 940 cr for increasing production capacity in eastern markets

Leading cement maker UltraTech Cement Ltd on Monday said it has plans to invest Rs 940 crore to increase the production of premium products for strengthening its position in eastern markets

Indian companies need to follow global standards of governance: Kumar Mangalam Birla
Business

Indian companies need to follow global standards of governance: Kumar Mangalam Birla

Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday

Grasim Industries Q4 net profit at Rs 1,531.86 crore; revenue from operations stands at Rs 20,965.25 crore
Business

Grasim Industries Q4 net profit at Rs 1,531.86 crore; revenue from operations stands at Rs 20,965.25 crore

Grasim had posted a net profit of Rs 853.62 crore during the January-March period of the previous fiscal, it said in a regulatory filing

Hindalco Industries' profit drops 37% to Rs 236 cr in March quarter, income rises 7% to Rs 12,733 cr
Business

Hindalco Industries' profit drops 37% to Rs 236 cr in March quarter, income rises 7% to Rs 12,733 cr

Aditya Birla Group flagship firm Hindalco Industries on Thursday reported a 37.4 percent decline in standalone profit to Rs 235.82 crore for the quarter ended 31 March

Aditya Birla group's stake rises to 27.18% after recently-concluded Vodafone Idea rights issue
Business

Aditya Birla group's stake rises to 27.18% after recently-concluded Vodafone Idea rights issue

The stake of Aditya Birla group has risen to 27.18 percent in Vodafone Idea Ltd, post the recently-concluded rights issue of the telecom operator

Vodafone Idea's Rs 25,000 cr rights issue receives bids for 1,109 crore shares: NSE data
Business

Vodafone Idea's Rs 25,000 cr rights issue receives bids for 1,109 crore shares: NSE data

Vodafone Idea, the country's largest telecom operator through the rights issue which ran between 10-24 April, offered 2,000 crore new shares at Rs 12.50 apiece.

Vodafone Idea expects 11.15% Indus Tower stake sale to complete in three-four months for Rs 5,500 crore
Business

Vodafone Idea expects 11.15% Indus Tower stake sale to complete in three-four months for Rs 5,500 crore

Under a contract signed with Bharti Infratel in April 2018, Vodafone Idea has an option to sell the 11.15 percent stake in Indus Tower for cash ahead of the merger

Vodafone Idea's Rs 25,000-cr rights issue opens today; company will use proceeds for future investments
Business

Vodafone Idea's Rs 25,000-cr rights issue opens today; company will use proceeds for future investments

Largest telco Vodafone Idea on Tuesday said its Rs 25,000-crore rights issue will open on Wednesday