Page 9 - Aditya Birla Group

Vodafone Idea plans to raise Rs 7,000 crore via QIP; stock rises 10%

Vodafone Idea is looking for new investors after both its promoters have refused to infuse additional funds into the company

Aditya Birla Sun Life AMC multi-cap fund garners over Rs 1,900-cr

Aditya Birla Sun Life AMC on Monday said it has received more than 88,000 applications garnering over Rs 1,900 crore for its new multi-cap scheme during the New Fund Offer (NFO) period. The new fund -- Aditya Birla Sun Life Multi-Cap Fund-- is an open-ended equity scheme investing across large cap, mid cap & small cap stocks, the asset management company said in a statement. The NFO was open between April 19 and May 3. The fund has reopened for subscription from May 10. "Despite the logistical challenges posed by the pandemic, we have attracted over 88,000 applications covering more than 9,600 pin codes across T30 and B30 markets. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house," A Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, said. According to him, the interest received in this new fund is also a reflection of the growing appetite of equity investments in the ...

Aditya Birla Fashion posts 51% growth in Q4 EBITDA at Rs 253 crore

The company said Q4 continued with a strong recovery trend until the disruption due to second wave of Covid-19 led to localised shutdowns.

Grasim Industries plans to raise funds via debt securities, term-loan

Aditya Birla group firm Grasim Industries on Wednesday said it plans to raise funds by availing term loans or by issuing debt securities. The board of the company, in a meeting held on Wednesday, has approved the raising of funds, Grasim Industries said in a regulatory filing without informing the amount which it intends to raise. It has also authorised the Finance Committee of the Board of Directors "to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities" and decide on all matters and transaction relating to the same. Besides term loans, Grasim would also raise funds by issuing debt securities including foreign currency denominated bonds or debentures or securities, which may be issued in tranches, in India or overseas, within the overall borrowing limit of Rs 10,000 crore, it added further. Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals. In FY .

Recent govt reforms will bolster economic growth: Kumar Mangalam Birla

Birla on Saturday said the government has taken bold steps that will drive investment boom

Hindalco consolidated third quarter profit soars 77% to Rs 1,877 cr

The jump was mainly driven by strong performance by Novelis and India aluminium business

K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said

Grasim's entry into paints may have limited impact on existing players

Ability to penetrate distribution network and creating brand equity key challenges, say analysts

Up 160% in 10 months; will Grasim's foray into paint biz mean more upside?

The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research

UltraTech Cement Q3 net profit more than doubles to Rs 1,584 crore

Increased sales on pick-up in demand helped strengthen bottomline

India Inc goes on M&A spree despite Covid, health a key focus area in 2021

BPCL, Air India, airport acquisitions to dominate headlines in New Year

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Grasim Industries Q2 net profit increased 3.30% at Rs 1,521.40 crore

Aditya Birla Group firm GrasimIndustries Ltd on Thursday reported a 3.30 per cent increase in consolidated net profit at Rs 1,521.40 crore for the second quarter ended September 2020.

'Literally threw my family out': Ananya Birla slams US restaurant

The singer and artist, daughter of Kumar Mangalam Birla and Neerja Birla, took to Twitter to share her ordeal, saying "this is not okay"

Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 crore

The promoter and promoter group companies of Aditya Birla Fashion will hold about 55.13 per cent stake upon completion of the issuance

As Vodafone Idea rings a new tone, what has changed for the telco?

What really has changed for Vodafone Idea, saddled with losses and piling debt, prompting it to bravely showcase its integration in a tough telecom market?

Vodafone Idea's new brand identity "Vi"; Tariff hike on cards

The telco has till now been advertising the two brands separately

Vi is We: Two yrs after merger Voda Idea integrates to create new identity

The relaunch, coming two years after the August 2018 merger of Vodafone and Idea Cellular, is to have a combined brand identity and advertising around it

Vodafone decides to stick with no-equity plan after decade of washout

UK telecom giant has invested over $16.4 billion in the country, but hardly made any returns for its UK shareholders

Aditya Birla Health hopes to maintain growth trajectory this fiscal: CEO

The company posted a 76 per cent growth in 2019-20 while the premium income rose by 70 per cent in the first two months of the current fiscal, Bathwal said in an interview