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The Latest Breaking News from Kumar Mangalam Birla

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

Grasim to invest Rs 3,094 crore to expand Lyocell capacity in Karnataka

Grasim Industries will invest Rs 3,094 crore to expand its Lyocell capacity in Harihar, Karnataka. This expansion will add 110K TPA, with commissioning expected by 2028 and 2030. Upon completion, Grasim's total Lyocell capacity will reach nearly 210K TPA. This move supports growing global demand for sustainable textile materials and…

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

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Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?

Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors…

The Economic Times

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

DoT to 'activate' conversion of VIL dues into equity after seeing firm action on fundraising

NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.

The Times of India

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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PM Modi to flag off Uttar Pradesh’s investment projects of ₹80,000 cr on June 3

Gautam Adani, Kumar Mangalam Birla, Sajjan Jindal and Anant Ambani are among the bigwigs from the corporate world who are slated to attend the event.

The Hindu

Supply chain challenges can be met by exploring other markets, but globalisation to stay: KM Birla

DAVOS: As the Covid pandemic and the Ukraine conflict put pressure on supply chains globally, top industrialist Kumar Mangalam Birla on Wednesday said some of these concerns can be addressed by exploring other source countries but globalisation is here to stay.

The Times of India

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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