K M Birla

In his annual note, Birla reflected on changing global power equations, trade tensions, India's economic rise, and the Aditya Birla Group's expansion

Ananya Birla, daughter of billionaire Kumar Mangalam Birla, on Wednesday announced an entry into the fast-growing beauty and cosmetics space with the launch of a new venture. The 30-year-old Birla, who launched a microlending venture at 17 and also sits on the board of the USD 62-billion Aditya Birla Group's apex strategic body, will come out with a range of beauty and personal care brands nationally through 2025, a statement said. The statement said rising disposable incomes, deeper e-commerce penetration and growing openness among consumers are leading India's beauty. Personal care market is expected to grow at 10-11 per cent annually and the sector is expected to be a USD 34 billion opportunity by 2028. "With greater exposure to global products and knowledge, Indian consumers now demand more from home-grown brands. This venture aims to meet those expectations with authenticity and innovation and bring world-class products to the Indian marketplace," Birla said. Stating that the

Appoints Ananya Birla and Aryaman Birla on board in non-executive role

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

He mentioned that Covid-19 struck India at a time when the underlying economic conditions were subdued on account of heightened global uncertainty

Birla informed shareholders that cement demand for most of FY2020 was sluggish, with improvement expected December onwards

While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years

Birla believes that Greta Thunberg could well be the conscience of Gen Z

The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point

Market price of Rs 5.5 a share gives opportunity to Birla Group to mop up shares from the stock markets.

Birla, 52, had received an annual salary of Rs 19.13 crore in FY 2017-18

Bharatmala, new airports and metros, along with affordable housing and smart cities will stoke growth in the medium-term, says Birla