Page 2 - Kumar Mangalam Birla

India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'

India deserves three private telecom companies, says chairman of Aditya Birla Group

Fundraise of Rs 18,000 cr 'fresh lease of life' for Vi, says KM Birla

Aditya Birla Group chairman Kumar Mangalam Birla on Thursday said the Rs 18,000-crore fundraise by Vodafone Idea is a "fresh lease of life" for the company and asserted that the telco will stage a smart comeback. The company, which has been struggling to hold on to subscribers amid aggressive play by bigger rivals Reliance Jio and Bharti Airtel, will focus on increasing its network, densifying it and also selectively introduce 5G services, Birla told reporters at the listing ceremony of Vodafone Idea's follow-on public offer. Calling it as the beginning of 'Vi 2.0', Birla said the money raised will be invested in the business, which will trigger a cycle of growth. "Vi will stage a smart comeback, this moment marks the beginning of Vi 2.0," Birla said at the listing ceremony. When asked if most of the problems for the company get sorted with the capital raise, Birla answered in the affirmative. "And this is like a sort of fresh lease of life for the company," he said. He credited

Vodafone Idea to meet institutional investors in Singapore, Mumbai

The telecom operator is looking to raise Rs 45,000 crore through both debt and equity

Anant-Radhika pre-wedding: Rihanna's 'massive' 12-foot luggage in Jamnagar

The pre-wedding functions of Anant Ambani and Radhika Merchant began from Friday, 1 March and will go on till 3 March. Ceremony will mark the presence of big stars including pop icon Rihanna

Vodafone Idea plans to raise up to Rs 45,000 crore through equity, debt

Funds to be spent on 4G & 5G networks, capacity expansion

Grasim enters paint biz with Birla Opus, aims Rs 10k cr revenue in 3 years

The company has also inaugurated three plants of Birla Opus at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu)

Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%

The company will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Haryana, Punjab and Tamil Nadu today on February 22, 2024.

Billionaire Birla's Hindalco Industries bids for critical minerals leases

India currently needs to import most critical minerals, and access to local mines is important for the growth of the electric vehicles market and the renewable-power sector.

Indian economy is 'looking like a wow': Birla

India is striding forward with unwavering optimism even as large pockets of the world remain engulfed in pessimism, Birla added

India awash with optimism, pride and anticipation: Kumar Mangalam Birla

In his annual note, Birla said that the viral meme 'just looking like a wow' echoes the vibrant energy of the Indian economy and captures the 'unparalleled' nature of this moment

Ram temple event: Ambanis, Bachchan among those on special guest list

Billionaire Mukesh Ambani and his family as well as Bollywood superstar Amitabh Bachchan are among those who feature in a select state guest list of invitees to the consecration of the Ram temple next week. While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats. According to the list, which PTI has accessed, Bachchan will fly into Ayodhya in a private chartered plane for the opening of the 161-feet tall pink sandstone shrine. From the film industry, the list features actors Ajay Devgn, Akshay Kumar, Allu Arjun, Mohanlal, Anupam Kher and Chiranjeevi. Besides, sarod maestro Amjad Ali, lyricist and poet Manoj Muntashir and his wife, lyricist and writer Prasoon Joshi, and directors Sanjay Bhansali and Chandraprakash Dwivedi are invited too. Also on the list are billionaire Mukesh Ambani, his mother Kokilaben, wife Neet

AI can reshape socio-economic landscape of nations: Kumar Mangalam Birla

He emphasised the need to build on AI and use its potential for enhancing healthcare, agriculture, education, and other segments

This person's net worth jumped most in 2023. And it's not Adani or Ambani

In terms of wealth gain in India, 73-year-old Savitri is followed by KP Singh of DLF and Kumar Birla of Aditya Birla Group

Voda-Idea will make significant investments to roll out 5G network: Birla

Telecom operator Vodafone Idea (VIL) will make significant investments to roll out 5G network and expand 4G coverage in the coming quarters, billionaire industrialist Kumar Mangalam Birla said on Friday. Birla, chairman of Aditya Birla group, which is one of the shareholders of the troubled telco VIL, was speaking at the inaugural session of India Mobile Congress. "In the coming quarters, Vodafone Idea will initiate significant investments in order to roll out 5G networks and further expand 4G coverage across the country. Moreover, the company is determined to realise the government's vision of establishing a robust supply chain in critical and emerging areas, including Open RAN (Radio Access Network)," he said. Further, Birla said this endeavour will enable innovative Indian companies to design both hardware and software for the global markets. "India's digital ecosystem stands on the brink of unprecedented growth," Birla said.

Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'

The production of paints will take place at the company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal

Grasim aims to be 2nd largest player in decorative paints segment: Birla

Aditya Birla group firm Grasim Industries aims to become the second largest player in the paints sector which it considers a "high-potential" growth engine along with its new B2B e-commerce business for construction materials, its Chairman Kumar Mangalam Birla said at the company's AGM on Friday. The Aditya Birla group flagship firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth enginesPaints and B2B e-commerce for building materials, he said. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business, where it has plans to compete with the existing makers including Asian Paints, Berger Paints, Kansai Nerolac Paints, and Akzo Nobel India, among others. In the Paints business, the project work is progressing as per plans at all the six sites, and commissioning of plants will start in phases from Q4FY24. The state-of-the-art R&D facility is .

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Vodafone Idea in contact with vendors to launch 5G, funding delay a hurdle

Speaking on the current telecom market in the country, VI's chairman Ravinder Takkar said that telecom tariffs remain unsustainable and need to rise significantly for business to thrive

Aditya Birla Group to launch branded jewellery retail business in India

The company will invest Rs 5,000 crore to set up large-format exclusive jewellery retail stores with in-house jewellery brands across the country