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The Latest Breaking News from Aditya Birla Group

SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries

The Supreme Court upheld an NCLAT order concerning Grasim Industries. This decision set aside a significant penalty previously imposed by the CCI. The fair trade regulator must now rehear the Aditya Birla Group firm's case. The NCLAT found that Grasim was not given a proper opportunity to present arguments. The…

The Economic Times

Grasim shares in focus after subsidiary acquires Solenergi Power from Shell in $1.8 billion deal

Grasim Industries' renewable energy arm will acquire Solenergi Power from Shell. This acquisition significantly expands its clean energy portfolio to 9.4 GW. The deal, valued at Rs 17,200 crore, is expected to close by 2026. Funding will come from debt, equity, and an investment by Global Infrastructure Partners. The combined…

The Economic Times

Aditya Birla Group acquires Shell's India renewables energy arm, Sprng Energy, for $1.8bn

Aditya Birla Group announced acquiring Sprng Energy for $1.8 billion. This significant deal expands the group's renewable energy portfolio substantially. The acquisition includes utility-scale solar, wind, and hybrid assets across India. This transaction positions Aditya Birla Renewables among the nation's largest developers. Regulatory approvals are now pending for the completion…

The Economic Times

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Aditya Birla Group eyes Rs 12,000 crore investment to expand Kansariguda alumina refinery in Odisha

Odisha Chief Minister met with Kumar Mangalam Birla to discuss investments. The Aditya Birla Group proposed expanding its Kansariguda alumina refinery project.

The Economic Times

Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla Group

Vodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generation target. The company is banking on this, new loans, and tax refunds to meet its financial obligations over the next three years. Despite a recent net…

The Economic Times

Aditya Birla Group launches performing arts academy, in an attempt to revive Indian National Theatre legacy

The Aditya Birla Group has launched the INT Aditya Birla Performing Arts Academy, a new institution dedicated to fostering talent in theatre, music, and dance, while also reviving the legacy of the historic Indian National Theatre. Chaired by Rajashree Birla, the academy aims to be a national hub for artistic…

The Economic Times

Vodafone Idea shares jump 4%; KM Birla says telco navigated through one of its toughest challenges in history

Vodafone Idea shares climbed after shareholders approved a Rs 4,730 crore investment from the Aditya Birla Group, signalling renewed promoter confidence. With funding support, easing AGR pressure and improved ratings, investor focus now shifts to execution, network expansion and the company’s long-term turnaround prospects.

The Economic Times

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Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What's behind the surge?

Vodafone Idea shares surged nearly 7% to a new 52-week high after ICRA upgraded the telecom operator’s rating and revised its outlook. Investor sentiment was further boosted by lower AGR dues, promoter support from the Aditya Birla Group and Citi removing its ‘High Risk’ tag while maintaining a bullish outlook.

The Economic Times

Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr

Aditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs 980 crore. This capital infusion will fund growth objectives, including lending and investments. The company aims to expand access to financing for entrepreneurs and businesses.…

The Economic Times

UltraTech Cement to invest Rs 13,000 crore to add production capacity

The board of the Aditya Birla Group flagship firm "approved the 3rd phase of growth with an investment of Rs 13,000 crore towards increasing its capacity. Read further on Dynamite News:

Dynamite News

Aditya Birla Group To Invest Rs 25,000 Crores In Uttar Pradesh

Addressing the Global Investors Summit-2023, which kicked off in state capital Lucknow on Friday, up">Aditya Birla Group Chairman Kumar Mangalam Birla pledged investments across sectors worth Rs 25,000 crore. Read further on Dynamite News:

Dynamite News

Govt gets 33.44% stake in Vodafone Idea post equity allocation

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Tuesday approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allocation has become the largest shareholder with a 33.44 per cent stake in the company.

The Times of India

Rayon unravelled: fashion’s most confusing fibre has a dark past but hopeful future

Turning trees into textiles is linked to historical atrocities and environmental harm. But any plant-based material can potentially become viscose-rayon

The Guardian - AU

Who Owns Your Media: The highs and lows of the India Today Group

Forty seven years ago, in 1975, Madhu Trehan founded India Today magazine, although her father Vidya Vilas Purie had originally envisioned it as a tabloid. Trehan had returned from the United States, where she studied journalism at Columbia University and worked with the UN and India Abroad, among other organisations.

Newslaundry

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The Times of India

Birla Group’s apex body to get its first woman director

MUMBAI: The Aditya Birla Group’s apex body Aditya Birla Management Corporation (ABMCPL) will soon get its first woman director Vishakha Mulye. The Group has appointed Mulye of ICICI Bank as the next CEO of its financial services holding company, Aditya Birla Capital. She will also be a director of ABMCPL,…

The Hindu

Be A.P.’s ambassador to attract investments, Jagan appeals to Kumar Mangalam Birla

₹2,740-crore caustic soda production unit inaugurated in East Godavari

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