Aditya Birla Group

Grasim: Investors bet on paints, ignore weakness in core business

Investors and analysts are betting on a fast ramp-up in paints division and its e-commerce venture of selling construction goods

Aditya Birla Group's paints unit files antitrust case against Asian Paints

The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places

Aditya Birla Group buys Cargill's speciality chemical facility in US

The Dalton plant will see capacity more than double in two years as Aditya Birla Group integrates advanced materials tech and eyes expansion across strategic sectors

Vodafone Idea to seek shareholder nod for ₹20,000 cr fundraise, AoA tweak

The planned fundraise is part of Vodafone Idea's broader effort to strengthen its balance sheet and support investments in network expansion and 5G rollout

Hindalco eyes up to Rs 8,000 crore in capex spending this fiscal

Aditya Birla Group's metal flagship Hindalco Industries has set a capital expenditure target of about Rs 7,500-Rs 8,00 crore for the current financial year, according to a regulatory filing. Hindalco Industries Managing Director Satish Pai, during a conference call post-announcement of Q4 earnings, said that this year's capex "guidance is about Rs 7,500 crore to Rs 8,000 crores". When asked about the capex guidance for the next financial year, Pai said: "I think the next year will be peak when we will start to have many of the upstream projects kicking in. But let me give you that guidance towards third quarter of this year when we know exactly what the cash out will be." The company's capital expenditure was Rs 6,500 crore in the last financial year. "Last year we spent Rs 6,500 crore, just for comparison," he said. The consolidated net profit of the company rose 66 per cent to Rs 5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations ...

Aditya Birla Capital stock jumps 6% on solid Q4 numbers; check details here

Aditya Birla Capital stock jumped 6.2 per cent to ₹217.63 compared to the previous day's close of ₹204.89 on the NSE

Vi amends shareholders' pact to ease governance for promoter groups

Vodafone Idea lowers qualifying threshold for promoters in shareholders' pact to retain governance rights after government stake rises to 48.9 per cent

Vodafone Idea to amend shareholders' pact to let promoters keep control

Debt-ridden Vodafone Idea on Friday said its board has approved an amendment in shareholders' agreement to enable promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company notwithstanding the increased government's stake at 48.99 per cent. The company will convene an extraordinary general meeting on June 3 to seek shareholder's nod for the same, according to a regulatory filing. "The Board of Directors at its meeting held today i.e. on 2 May 2025 have inter-alia resolved to...amend certain clauses of the Shareholders' Agreement (to which the Company is a party) so as to modify, amongst others, the 'Qualifying Threshold' from 13 per cent to 10 per cent and, solely for this purpose, to disregard the equity shares originally issued to the Government of India," the filing said. Pursuant to the government increasing stake from 22.6 to 48.99 per cent in Vodafone Idea, the shareholding of the Aditya Birla group companies and the Vodafone grou

UltraTech Cement Q4 net profit rises 10% amid healthy volume growth

The growth in the company's overall consolidated sales volume during the quarter is amid its acquisitions of Kesoram Industries and India Cements

Ananya Birla launches LOVETC to tap premium cosmetics market in India

"This strategic expansion follows Birla Cosmetics' launch of Contraband earlier this year," the company said in a release

ABCL completes merger of subsidiary Aditya Birla Finance with itself

Aditya Birla Capital on Monday said it has completed the amalgamation of its wholly-owned subsidiary Aditya Birla Finance with itself to create a unified larger operating NBFC. This follows the order of the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated March 24, and the scheme of amalgamation is effective from April 1, Aditya Birla Capital Ltd (ABCL) said in a statement. In March last year, the decision to merge Aditya Birla Finance with the parent entity was taken by the respective boards, subject to receipt of various statutory and regulatory approvals. The board has also approved the appointments of Vishakha Mulye as the MD and CEO and Rakesh Singh as the executive director of the amalgamated entity, the statement said, adding that these appointments are subject to regulatory and other requisite approvals. In addition, it said, the board has approved the appointment of Nagesh Pinge and Sunil Srivastav as independent directors of the company. Kumar Mangalam Birla,

Aditya Birla arm to sell paper, pulp business to ITC for Rs 3,498 crore

ABREL sells Century Pulp and Paper through slump sale

Adani, Aditya Birla Group to compete in wire, cable industry after cement

After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector. In less than a month, both groups -- who have been fiercely competing in the cement sector leaving smaller players way behind -- announced their entry into the wires and cables segment, which is dominated largely by unorganised players and some smaller companies. Entry of the two big players will intensify competition in the wires and cables industry, which posted 13 per cent compound annual growth rate (CAGR) in revenue between FY19 and FY24 and is migrating towards an organised branded market. This was evident as sensing disruption from these deep pockets, share prices of listed players in the wires and cable segments slumped a day after March 19, when Adani Enterprises informed bourses of entering the segment. Share price of Polycab India, a leader in

Hindalco unveils new identity, tagline to mark transformation strategy

K M Birla, chairman of the Aditya Birla Group, at the event also reiterated plans to invest Rs 45,000 crore in next-generation high-precision engineered products

Wire and cable market has room for another player, says UltraTech

The company added that cement remains its core business, while entry into wires and cables is an adjacencies play

Musk hosts Indian bizmen, says 'open to lowering India-US trade barriers'

Oyo, Flipkart and Aditya Birla Group leaders among entrepreneurs who met with Elon Musk and toured his SpaceX base

Indriya jewels plans 100 stores, open to lab grown diamond pivot

The design-focused brand is also open to pivoting into lab grown diamonds if the category sees sustained consumer interest

ABFRL board approves raising $500 mn through preferential issuance and QIP

Fundraise will deleverage company and help in its growth strategy, says fashion retailer

Production from Meenakshi coal mine likely to begin in 2028, says Hindalco

Hindalco Industries Ltd, the Aditya Birla Group's metals flagship, on Monday said it expects to begin production at the Meenakshi coal mine in Odisha in 2028. The coal mine is a fully explored block with a peak rated capacity of 12 million tonnes per annum and 285.23 million tonnes of geological reserves. With a favourable coal-to-waste stripping ratio of less than one, the G12 grade mine is poised to be a cost-effective and sustainable energy source for the company's operations, making it self-reliant in coal production, Hindalco Industries said in a regulatory filing. The mined coal will replace the company's dependence on auction and linkage coal which is currently estimated at approximately 40 per cent higher than the Meenakshi coal mine, thereby ensuring a stable supply for its smelters and solidifying its position as one of the lowest-cost producers of aluminium in the world. The Meenakshi coal mining project is expected to create approximately 16,000 direct and indirect ...

UltraTech to buy 8.69% stake in Meghalaya-based Star Cement for Rs 851 cr

Aditya Birla Group company to expand presence in East India with new acquisition