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Hindalco gains 3% as PM is 'satisfied' with coal allocation process
Fp Archives •The allocation of Talabira coal block in Odisha is in the eye of a storm with CBI booking Aditya Birla Group Chairman Kumar Mangalam Birla and former Coal Secretary P C Parakh.<br /><br />
Raids on Aditya Birla, BK Birla owned firms; Rs 77-lakh yarn seized
Fp Archives •The seized goods comprised yarn manufactured by Century Rayon of the B K Birla Group, worth Rs 43,92,500 and Aditya Birla Nuvo, worth Rs 33,00,000.
Budget is a missed opportunity: Birla Group
Fp Archives •The government, hard-pressed for cash, proposes to levy additional indirect taxes of Rs 45,940 crore for 2012-13 at a time when the industry is facing slowdown in demand.
Industry says business leaders can't be made scapegoats
Fp Archives •Rankled by CBI action against top industrialist KM Birla in relation to the coal scam, corporate leaders today said businessmen cannot be made scapegoats on the basis of mere suspicion and such incidents would further widen the government-industry trust deficit.