Page 8 - Aditya Birla Group

Foray into paints, B2B e-commerce are set to transform Grasim, says Birla

Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says

Grasim Industries Q1 profit up 13% to Rs 2,759 cr; revenue up 41%

The company had posted a net profit of Rs 2,447.97 crore for April-June 2021-22, Grasim Industries said in a regulatory filing.

Hindalco posts highest ever quarterly profit in Q1 at Rs 4,119 cr, up 48%

The company's net debt fell 19% from a year earlier to Rs 42,193 crore at the end of June, it said in the earnings presentation

India to be fastest-growing economy, engine of global growth: Birla

The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said

Hindalco, Aequs sign strategic pact in commercial aerospace sector

Aditya Birla Group's metals flagship Hindalco Industries and Aequs have entered into a strategic pact for long-term collaboration and joint business development in the commercial aerospace sector

ADIA eyeing minority stake in Aditya Birla's health insurance arm: Report

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks

Aditya Birla cos to invest Rs 77,000 cr to build capacity, enter new areas

Hindalco leads with Rs 54,000 crore investment as demand booms

Aditya Birla launches digital venture TMRW in fashion and lifestyle space

TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India

Grasim Industries Q4 net profit jumps 56% to Rs 4,070 cr; revenue rises 18%

The company had posted a net profit of Rs 2,616.64 crore during the January-March quarter of the previous fiscal, Grasim Industries said in a regulatory filing

Aditya Birla Fashion to sell minority stake to private equity firms

On Monday, the stock closed flat at Rs 273 a share, thus, giving a total market valuation of Rs 25,618 crore to the company

Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

"Buyer beware": Wadia issues public notice against Century's realty project

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share

The shares have been acquired at a cost of USD 101.10 million, it said. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT's equity share capital

Vodafone plans to infuse up to Rs 3,375 cr into debt-ridden Vodafone Idea

Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore, according to a regulatory filing on Friday

Vi promoters take call to invest; telco proposes Rs 14,500-cr fundraise

Vodafone Group and the Birlas hold 44.3 per cent and 27.7 per cent stake respectively in Vi

Vodafone Idea's board to meet on March 3 to discuss fundraising

British telecom operator Vodafone Plc in a statement earlier stated that it will participate in VIL's fundraising process along with the Aditya Birla group

UAE digital bank Zand wins backing of Franklin Templeton, Aditya Birla

The roster of investors also include Abu Dhabi's Al Hail Holding, Al Sayyah & Sons Investments, Global Development Group, Yusuff Ali of Lulu Group, and Zand co-founder Olivier Crespin

Grasim becomes net debt-free on standalone basis after fertiliser arm sale

In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY

Grasim Industries' net profit jumps 23% to Rs 2,655 cr in Dec quarter

The company had posted a net profit of Rs 2,157.12 crore during the October- December quarter of the previous financial year, Grasim Industries said in a regulatory filing

Hindalco Q3 results: Consolidated PAT nearly doubles to Rs 3,675 cr

Consolidated revenue from operations rose 44% to Rs 50,272 cr