HISTORICAL FACTS: Kumar mangalam birla - The Untold Story

Aditya Birla Group chairman Kumar Mangalam Birla to meet West Bengal CM Adhikari soon

Aditya Birla Group chairman Kumar Mangalam Birla will soon meet Chief Minister Suvendu Adhikari. They will discuss industrial development and fresh investments planned for the state. The BJP state president urged the group to expand its business presence and industrial footprint. The meeting follows the state government's work on a…

The Economic Times · Sep 21

SBI-led group of lenders to provide $3.5 billion debt to Vodafone Idea

Lenders led by State Bank of India will provide Vodafone Idea $3.5 billion debt financing. This funding aims to help the mobile operator rebuild its business and improve its network. Conditions include Kumar Mangalam Birla remaining chairman for the loan's tenure. Indian authorities previously provided a lifeline by capping past…

The Economic Times · Sep 10

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 · Sep 4

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 · Aug 28

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 · Aug 23

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 · Aug 21

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 · Aug 5

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 · Aug 5

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 · Jul 29

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 · Jul 23