Hindalco Industries, the Aditya Birla Group‘s metals flagship company, is likely to post muted revenues even though profitability is expected to edge higher. The company will announce its fourth quarter results later today. Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up … Read more
Santrupt Misra, a Biju Janata Dal (BJD) candidate and former HR head of Aditya Birla Group filed his nomination papers from the Cuttack Lok Sabha Seat for the 2024 Lok Sabha elections. His affidavit shows that Mistra has investments in 59 mutual fund schemes. The former HR head of Aditya Birla Group has investments in … Read more
Mumbai: Aditya Birla Group‘s UltraTech Cement, Sajjan Jindal-promoted JSW Cement, and Lakshmi Mittal-promoted ArcelorMittal are among a dozen companies vying to acquire Vadraj Cement, formerly owned by ABG Shipyard, having secured creditors’ debt of about ₹8,000 crore, said people with knowledge of the matter. Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital … Read more
Suvankar Sen, MD & CEO, Senco Gold, says the endeavour of the Birla group to enter into the industry is just a signal that the industry is getting more and more organised. The story that we have been hearing over the last 5-10 years, the shift from the unorganised to organised, are the actions and … Read more
The first time someone called Masaba Gupta a n***** was when she was 12 years old. She went home and asked her father, West Indies cricketer Vivian Richards, what it meant and how she should respond. “He told me to slap that person and I did,” she says, recalling how that became the catalyst for … Read more
Debt-ridden telecom operator Vodafone Idea’s shareholders have approved equity allocation worth Rs 436.21 crore to its promoter entity, the Vodafone Group. As per voting results submitted to the stock exchanges on Friday evening, 99.94 per cent of (VIL) shareholders approved allocation of the equity to Vodafone Group firm Euro Pacific Securities. Vodafone Group at present … Read more
Aditya Birla Group (ABG) chairman Kumar Mangalam Birla had nearly two months ago offered to hand over the group’s 27.66s% stake in Vodafone Idea (VIL) to any public sector or domestic financial entity who could keep the company afloat, while asserting that without immediate government support, the telco would be driven to an irretrievable point … Read more
NEW DELHI: NIfty50 constituent firm is likely to report a sales growth of 6-7 per cent for March quarter. Margins are seen expanding year on year (YoY), but may fall sequentially. Analyst estimates vary on the company’s profit figure. Grasim is a diversified company with exposure to many sectors. The flagship company of Aditya Birla … Read more
Aditya Birla Sun Life AMC is likely to be valued at over Rs 24,000 crore in the IPO, according to analyst estimates. Synopsis The share sale in Aditya Birla Sun Life Asset Management Company will unlock value in the financial services company belonging to the Aditya Birla Group, boosting its valuations. MUMBAI: Shares of Aditya … Read more
KOLKATA: Vodafone Group Plc’s win in the international arbitration against India in a retrospective tax case does not change local joint venture Vodafone Idea’s weak ground situation and is unlikely to trigger fresh investment momentum, even from its British parent, said analysts. They said the Vodafone Group won’t see any fresh money come in, nor … Read more