| Birla Sun Life Insurance: Batting for insurance | 24-NOV-09 |
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| Birla Sun Life Insurance, which belongs to the Aditya Birla Group, has roped in four cricketers — Yuvraj Singh, Virender Sehwag, Suresh Raina and Rohit Sharma — to endorse its wealth and protection solution plans. |
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| UltraTech board okays merger | 16-NOV-09 |
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| Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement, Grasim’s other subsidiary, on July 1, 2010. The merger, to be completed by September, will result in the world’s 10th largest cement maker. |
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| UltraTech, Samruddhi merger meet today | 15-NOV-09 |
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| Within one-and-a-half-months of Grasim's decision to demerge its cement business, the second phase of consolidation is likely to begin tomorrow. |
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| Marketing, finance, firms visit IIM-A on Day 0.5 | 04-NOV-09 |
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| Borrowing the pace of Day Zero, the second day (Day 0.5) of the summer placement process at the Indian Institute of Management, Ahmedabad (IIM-A) saw companies from the fields of marketing, general management, consulting and finance offer internships to students. |
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| Aditya Birla Groupl: Cementing business | 13-OCT-09 |
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| The Aditya Birla Group has initiated a restructuring exercise for its cement business; it plans to demerge the cement business of Grasim and merge it in two phases with the Rs 6,383-crore UltraTech. The merger will create India’s biggest cement producer with a capacity of close to 50 million tonnes and a pan-India presence. Cement accounted for 63 per cent of Grasim’s revenues of Rs 18,400 crore last year and analysts estimate the combined entity should generate an operating profit of Rs 4,500-5,000 crore in 2009-10. At the end of the two-stage transaction, Grasim is expected to have a stake of 60 per cent in the new entity. |
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| 'Restructuring will help us re-rate Grasim, Ultratech' | 07-OCT-09 |
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| The merger of the cement businesses of the Aditya Birla Group will create the world’s 10th largest cement maker and also India’s largest. Chairman Kumar Mangalam Birla says Grasim will be the promoter firm for the combined entity, with 55-65 per cent stake, and later look for creeping acquisition to increase the promoter holding. Birla also spoke about plans for the group’s other companies, Aditya Birla Nuvo, Aditya Birla Financial Services and Hindalco. |
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| DGCA sets up panel to review aviation rules | 07-OCT-09 |
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| The Directorate General of Civil Aviation (DGCA) has set up an advisory panel to review and upgrade of rules and regulations to the level of best global practices. |
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| Grasim to demerge cement business | 03-OCT-09 |
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| Aditya Birla Group firm Grasim Industries today said it will demerge its cement business into another group company, Samruddhi, as part of a restructuring plan. |
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