Not for sale

The Aditya Birla group was in the news this week after a section of the media reported that Idea Cellular and the group's loss-making grocery retail business, More, were up for sale. The group told Business Standard it suspected a wireless telecom rival of releasing the "motivated" news feed. A media company owned by the same rival was spreading the asset sale news, the group claimed. Watch this space for more on this new corporate war.