Aditya Birla-group

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Aditya Birla-group - Total results - 151
Bharti Airtel board approves Rs 32,000 crore fund raising plans through right issue, bond sale
Business

Bharti Airtel board approves Rs 32,000 crore fund raising plans through right issue, bond sale

Telecom operator Bharti Airtel Thursday said its Board has approved fundraising plans of up to Rs 32,000 crore through a mix of rights issue and bond, a move that will help it cut debt

Vodafone Idea not in favour of 5G spectrum auction before 2020, says CTO Vishant Vora
Business

Vodafone Idea not in favour of 5G spectrum auction before 2020, says CTO Vishant Vora

Vora said that the full integration of the two telecom networks - Idea Cellular and Vodafone India - post the mega-merger last year is "on track"

Grasim to acquire chlor-alkali business of KPR Industries for Rs 253 cr; eyes to strengthen operations on Eastern coast
Business

Grasim to acquire chlor-alkali business of KPR Industries for Rs 253 cr; eyes to strengthen operations on Eastern coast

The acquisition is in line with Grasim's strategy to strengthen operations on the East Coast of the country, the company said.

Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition
Business

Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition

Vodafone and Aditya Birla Group will infuse over Rs 18,000 crore into India's largest telecom operator Vodafone Idea Ltd through a rights issue to arm the company with firepower to take on market competition intensified by Reliance Jio

Telecom stress: Kumar Mangalam Birla flags concerns on liquidity, high spectrum payment to govt
Business

Telecom stress: Kumar Mangalam Birla flags concerns on liquidity, high spectrum payment to govt

Telecom sector has been battered by falling tariffs, eroding profitability, and mounting debt, in the face of stiff competition

NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia Bharat
Business

NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia Bharat

In approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.

Vodafone Idea reports loss of Rs 4,973 cr for September quarter; mulls raising Rs 25,000 cr
Business

Vodafone Idea reports loss of Rs 4,973 cr for September quarter; mulls raising Rs 25,000 cr

Vodafone Idea reported consolidated revenue of Rs 7,663 crore for July-September 2018 quarter

Aditya Birla Group plans $5-bn capex over next three years; will invest in cement, financial services and chemicals businesses
Business

Aditya Birla Group plans $5-bn capex over next three years; will invest in cement, financial services and chemicals businesses

The Birlas in July announced that it would snap up the US-based aluminium player Aleris for around $2.58 billion.

Birla Carbon Spain to invest 5 mn euros for energy efficient projects, increase production to 95,000 tonnes
Business

Birla Carbon Spain to invest 5 mn euros for energy efficient projects, increase production to 95,000 tonnes

Birla Carbon is the manufacturer and supplier of carbon black and a flagship business of the $44.3 billion Aditya Birla Group.

Vodafone Idea Limited: Tongue firmly in cheek, telecom giants Reliance Jio and Airtel join celebration over merger
India

Vodafone Idea Limited: Tongue firmly in cheek, telecom giants Reliance Jio and Airtel join celebration over merger

The merger of Vodafone India and Idea Cellular was completed on Friday after the National Company Law Tribunal (NCLT) gave its approval, creating India's largest telecom operator with over 400 million subscribers — the newly formed 'Vodafone Idea Limited'.

Ultratech gets Competition Commission of India's nod to acquire cement business of Century Textiles and Industries
Business

Ultratech gets Competition Commission of India's nod to acquire cement business of Century Textiles and Industries

UltraTech had said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal

Idea Cellular posts Q1 profit of Rs 263 cr in June quarter; company gains from sale of mobile towers
Business

Idea Cellular posts Q1 profit of Rs 263 cr in June quarter; company gains from sale of mobile towers

Idea has now pinned hope in the operation of its merged business with Vodafone India, which has been approved by the government last week.

Hindalco shares jump nearly 7% to Rs 220.35 on acquisition of American aluminium maker Aleris
Business

Hindalco shares jump nearly 7% to Rs 220.35 on acquisition of American aluminium maker Aleris

Aditya Birla group flagship Hindalco on Thursday announced the acquisition of Aleris that will help it diversify product offerings in the value-added products segment.

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
Business

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key

In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed

Hindalco arm Novelis to acquire US-based aluminium producer Aleris Corporation for $2.58 bn
Business

Hindalco arm Novelis to acquire US-based aluminium producer Aleris Corporation for $2.58 bn

Aleris is a global supplier of aerospace and automotive aluminium rolled products

Vodafone-Idea merger: DoT gives final approval; deal spawns nation's biggest telecom operator worth over $23 bn
Business

Vodafone-Idea merger: DoT gives final approval; deal spawns nation's biggest telecom operator worth over $23 bn

The combined operations of Idea and Vodafone will create a telecom operator with a 35 percent market share and a subscriber base of around 430 million.

Vodafone's Q1 revenue down 22% on intense competition; company to complete Idea merger by August
Business

Vodafone's Q1 revenue down 22% on intense competition; company to complete Idea merger by August

Vodafone said the service revenues, excluding the impact of the mobile termination rate cuts, declined by 9.6 per cent for the reporting quarter.

Idea, Vodafone pay Rs 7,249 cr under protest to telecom department to get green signal for merger
Business

Idea, Vodafone pay Rs 7,249 cr under protest to telecom department to get green signal for merger

The Idea Vodafone merger is expected to give breather to both debt-ridden firms Idea and Vodafone, from cut-throat competition in the market where margins have hit rock bottom with free voice calls.

Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwinds
Business

Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwinds

Birla said rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern

Govt approves Idea-Vodafone merger, companies need to complete some formalities: Telecom minister Manoj Sinha
Business

Govt approves Idea-Vodafone merger, companies need to complete some formalities: Telecom minister Manoj Sinha

The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over Rs 1.5 lakh crore, with a 35 percent market share