Aditya Birla-group

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Aditya Birla-group - Total results - 151
Idea shareholders approve new name 'Vodafone Idea Ltd', Rs 15,000 cr fund raise plan
Business

Idea shareholders approve new name 'Vodafone Idea Ltd', Rs 15,000 cr fund raise plan

Shareholders of telecom operator Idea Cellular approved the new name 'Vodafone Idea Limited' for the company and plans to raise Rs 15,000 crore fund in the extraordinary general meeting held on Tuesday.

Ultra Tech to acquire Century Textiles and Industries' cement business through share swap deal
Business

Ultra Tech to acquire Century Textiles and Industries' cement business through share swap deal

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

Hindalco Industries reports 25% dip in standalone Q4 net profit to Rs 376.97 crore
Business

Hindalco Industries reports 25% dip in standalone Q4 net profit to Rs 376.97 crore

Hindalco Industries on Wednesday reported a 24.98 percent dip in standalone net profit to Rs 376.97 crore for the fourth quarter ended on 31 March, 2018

Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by order
Business

Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by order

The NCLT bench also asked the CoC to reconsider resolution plan of Rajputana Properties Pvt Ltd (RRPL), if the Dalmia Bharat Group firm, was willing to raise its offer more than UltraTech's bid.

UltraTech questions resolution process, terms process of evaluating bids for Binani Cement 'fraudulent'
Business

UltraTech questions resolution process, terms process of evaluating bids for Binani Cement 'fraudulent'

UltraTech apprehends that it was not declared as the H1 bidder in view of the penalty imposed by the Competition Commission of India.

UltraTech ups the stakes with improved Rs 7,990 crore offer for beleaguered Binani Cement
Business

UltraTech ups the stakes with improved Rs 7,990 crore offer for beleaguered Binani Cement

UltraTech Cement tabled a fresh offer, for Binani, to the resolution professional on 14 April. But, a new problem seems to have surfaced.

Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says co
Business

Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says co

Binani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.

UltraTech Cements gets Competition Commission's nod to acquire Binani Cement
Business

UltraTech Cements gets Competition Commission's nod to acquire Binani Cement

UltraTech Cement last week said it will buy loan defaulter Binani Cements stressed assets by providing Rs 7,266 crore to its parent company, Binani Industries.

Vodafone-Idea merger: Kumar Mangalam Birla to be non-executive chairman; Balesh Sharma CEO
Business

Vodafone-Idea merger: Kumar Mangalam Birla to be non-executive chairman; Balesh Sharma CEO

Kumar Mangalam Birla will be non-executive chairman of the merged company which will combine business of Vodafone India and Idea Cellular

UltraTech to pay Rs 7,266 crore for 98.43% stake in Binani Cement, seeks end to insolvency proceedings
Business

UltraTech to pay Rs 7,266 crore for 98.43% stake in Binani Cement, seeks end to insolvency proceedings

UltraTech said in a statement that Binani Industries Ltd (BIL) - the promoter firm of Binani Cement Ltd - had approached it for arranging funds to pay-off the lenders

Telecom operator Idea Cellular approaches government to raise the FDI to 100 percent in the company
News & Analysis

Telecom operator Idea Cellular approaches government to raise the FDI to 100 percent in the company

Foreign investors hold around 27 percent stake in Idea, as per shareholding pattern of the company till December 2017.

Lower IUC rate eats into Idea Cellular's Q3 profit; firm posts Rs 1,284.5-cr loss, says merger with Vodafone in final leg
Business

Lower IUC rate eats into Idea Cellular's Q3 profit; firm posts Rs 1,284.5-cr loss, says merger with Vodafone in final leg

Idea Cellular said the work on merger with Vodafone is in final leg of regulatory approval and expected to complete in first half of 2018

Idea-Vodafone deal: Decks cleared for merger as NCLT gives nod, new firm to have 40 cr customers
Business

Idea-Vodafone deal: Decks cleared for merger as NCLT gives nod, new firm to have 40 cr customers

Vodafone is expected to hold around 47.5 percent stake in the merged entity and rest will be owned by Idea and promoter Aditya Birla Group.

Idea Cellular shares continue to gain; up nearly 14% on fund raising announcement
Business

Idea Cellular shares continue to gain; up nearly 14% on fund raising announcement

Shares of Idea Cellular rallied for a second day, soaring nearly 14 percent on Friday after the company unveiled a plan to raise up to Rs 6,750 crore ahead of its merger with Vodafone

Idea Cellular to raise Rs 3,250 cr from promoter group; will mull options for additional Rs 3,500 cr funding
Business

Idea Cellular to raise Rs 3,250 cr from promoter group; will mull options for additional Rs 3,500 cr funding

Idea Cellular board on Thursday approved raising about Rs 3,250 crore from the entities under the promoter Aditya Birla Group by issuing 32.66 crore equity shares on a preferential basis

Jharkhand mining summit: CM woos corporates; Adani group commits Rs 20,000 cr projects in 5 years
Business

Jharkhand mining summit: CM woos corporates; Adani group commits Rs 20,000 cr projects in 5 years

Abundance of minerals has made the state home to various mineral based industries that includes Tata Group, Aditya Birla and a host of others

Idea Cellular shareholders approve scheme of merger with Vodafone India
Business

Idea Cellular shareholders approve scheme of merger with Vodafone India

The combined entity of Vodafone India and Idea Cellular, which are currently India's number 2 and 3, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market

Pepsico India CEO D Shivakumar resigns, to join Aditya Birla Group as head of strategy
Business

Pepsico India CEO D Shivakumar resigns, to join Aditya Birla Group as head of strategy

Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for PepsiCo Egypt and Jordan,

Vodafone and Idea Cellular merger likely to complete by March in 2018
News & Analysis

Vodafone and Idea Cellular merger likely to complete by March in 2018

The combined entity of Vodafone India and Idea Cellular, which are currently India's number two and three, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.