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UNBELIEVABLE: Kumar mangalam birla - The Untold Story

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

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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

Vodafone Idea ropes in Shah Rukh Khan for new brand identity campaign

Vodafone Idea has unveiled a refreshed brand identity with a new logo design. Bollywood star Shah Rukh Khan is now the face of their upcoming campaign. The company is undergoing a significant brand evolution and strategic launches in coming weeks. This move follows government relief on adjusted gross revenue dues…

The Economic Times

Vodafone Idea shares jump over 120% in one year. Should you buy now or avoid the multibagger?

Vodafone Idea's shares have witnessed an impressive rise of over 120 percent in the last year, fueled by a reduction of the company's adjusted gross revenue dues by the government. The return of Kumar Mangalam Birla as non-executive chairman has further strengthened investor faith. Additionally, the company has secured initial…

The Economic Times

Grasim eyes Rs 2 lakh crore revenue in FY27 as growth platforms scale up: KM Birla

Grasim Industries anticipates reaching Rs 2 lakh crore revenue by FY27. This growth stems from its diverse businesses including cement and financial services. UltraTech Cement capacity has surpassed 200 million tonnes per annum. Birla Opus paints business secured a significant market share within two years.

The Economic Times

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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

Vodafone Idea needs tariff hikes to sustain network investments: Kumar Mangalam Birla

Vodafone Idea's chairman emphasized the necessity of tariff adjustments for network investments. The company seeks Rs 45,000 crore funding for its capital expenditure plan. India's average revenue per user remains significantly low globally. The telecom sector's consolidation has improved its investment outlook. Sustained investment is crucial for India's digital transformation…

The Economic Times

Vodafone Idea says FY27 marks 'period of execution' after AGR relief, capital infusion

Vodafone Idea has resolved financial challenges and entered an execution phase. The company is now focused on network investments and improving competitiveness. Subscriber additions have resumed, and ARPU levels are showing an upward trend. Promoter capital infusion and debt funding support future expansion plans.

The Economic Times

SC closes criminal case against former PM Manmohan Singh in coal block allocation case

The Supreme Court has closed a criminal case against former Prime Minister Manmohan Singh. This decision follows the acceptance of a closure report filed by the CBI. The court found no reason for the trial court judge to reject the CBI's findings. Industrialist Kumar Mangalam Birla and ex-coal secretary P…

The Economic Times

Hindalco lines up potential Rs 1 lakh cr investment in India

Hindalco Industries plans a substantial Rs 50,000 crore investment over three years. An additional Rs 50,000 crore in growth opportunities is currently being evaluated. These investments will significantly enhance capacities across its upstream and downstream businesses. The company is scaling up its copper and aluminum operations to meet rising domestic…

The Economic Times

Grasim invested Rs 74,000 cr as capex in last 5 years: Kumar Mangalam Birla

Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. This outlay shows confidence in long-term demand and India's growth potential. The company achieved its highest-ever consolidated revenue of Rs 1,75,431 crore. Its paints venture, Birla Opus, is now the number three player. UltraTech Cement became the world's…

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

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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 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.…

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The Economic Times

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…

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

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.

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 Hindu

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 Times of India

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 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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