Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

INSANE: Aditya birla group | Rare Historical Photos

Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expect

Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Group’s aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.

The Economic Times

Birla built India with cement, now it wants to wire up what powers it with a ₹1,800 crore bet

In an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to establish itself as a top contender within five years, utilizing the extensive distribution reach of UltraTech Cement. This launch responds to India's growing needs in the construction and…

The Economic Times

Kumar Mangalam Birla sees room to build a ‘new large challenger’ in India’s Rs 90,000-crore wires and cables market with new ‘Ultravolt’

Aditya Birla Group has launched its Ultravolt wires and cables business with a significant investment. The company aims to become a top two player in the market within five years. Urbanization, electrification, and digitization are expected to drive demand for these products. The group will leverage its brand, capital, and…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Aditya Birla Group launches Ultravolt with Rs 1,800 crore bet, debuts as India’s No. 2 wires player by capacity

Aditya Birla Group launched its Ultravolt wires and cables business with a significant investment. This new venture aims to become a top player in the wires segment within five years. Ultravolt will expand UltraTech Cement's participation in the construction value chain. The business will reach over one lakh retailers and…

The Economic Times

Aditya Birla Group gets Rs 24,000 crore bank commitments for Shell deal, 70% more than planned

Aditya Birla Group secured loan commitments exceeding its initial acquisition funding needs. Axis Bank and State Bank of India offered substantial credit lines to the conglomerate. Union Bank and Punjab National Bank also provided significant credit facilities for the deal. This acquisition will transfer control of Shell's Indian renewable energy…

The Economic Times

Fifty shades of Nifty growth: ETSA jury spots next giants

The elite jury was chaired by one of India’s brightest next-generation leaders Rishad Premji, executive chairman, Wipro. Members of the jury included Sachin Bansal, cofounder, Flipkart and Navi; Vijay Shekhar Sharma, founder and CEO, Paytm; Mukesh Bansal, cofounder, Myntra; Mithun Sacheti, cofounder, CaratLane; Nandita Sinha, CEO, Swiggy Instamart; Ajit Mohan,…

The Economic Times

ET World Leaders Forum: Calling India ‘China+1' is 'intellectually lazy', says Kumar Mangalam Birla, envisions growth engine role for the country

Aditya Birla Group Chairman Kumar Mangalam Birla said describing India as a “China+1” destination is “intellectually lazy”, arguing that the country should instead be viewed as a potential global growth engine. Speaking at The Economic Times World Leaders Forum, Birla said India has its own strengths and track record and…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Aditya Birla Group levies royalty on Grasim, Hindalco, Novelis for brand use from June 2026

Aditya Birla Group companies will pay a brand royalty starting June 2026. A 0.25% revenue royalty is mandated, capped annually at Rs 225 crore. Grasim Industries expects royalty payments well below the established ceiling. Hindalco and Novelis will also adopt this new royalty payment structure. This transition marks a move…

The Economic Times

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

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

Get all your
news in one place.

100's of premium titles.
One news app.

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

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.…

Dynamite News

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:

Get all your
news in one place.

100's of premium titles.
One news app.

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:

The Times of India

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 Guardian - AU

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

Newslaundry

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.

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

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.