Aditya Birla Group

  • Kumar Mangalam Birla meets Jaitley; expects turnaround 3-6 months May 28, 2014

    New Delhi: Sounding a note of optimism, Aditya Birla Group head Kumar Mangalam Birla today exuded confidence that the Budget would give boost to infrastructure sector and a turnaround would be visible in the next 3-6 months. "I expect a turnaround to happen in 3-6 months. I also expect budget to give...
  • Former coal secretary PC Parakh to be quizzed by CBI on Thursday April 29, 2014

    New Delhi: Former Coal secretary PC Parakh, booked for allegedly abusing his official position to grant a coal block to Hindalco, will be appearing before CBI for questioning on Thursday. The CBI served a fresh summon to the former bureaucrat for appearing on May one as he had expressed his inability...
  • Coal scam: CBI to examine Hindalco chief Kumar Mangalam Birla April 21, 2014

    New Delhi: Aditya Birla Group Chairman Kumar Mangalam Birla is all set to be interrogated by the Central Bureau of Investigation in connection with the multi-crore coal block allocation scam. The CBI has named Mangalam in the Hindalco chargesheet. The investigators have already questioned several officials of Hindaloco and are now...
  • Coalgate: I-T department initiates proceedings against Aditya Birla group February 13, 2014

    New Delhi: The Income Tax department (I-T) on Thursday initiated proceedings against Aditya Birla Group in coal blocks allocation case. Seeking information on coal block allocation to Hindalco, the I-T department also sought Supreme Court's permission to inspect the company's documents in the coal blocks allocation case which is now...
  • When butter chicken posed a risk for business expansion at Birlas! January 20, 2014

    New Delhi: Risks for international expansion can come from the least-expected quarters and for industrialist Kumar Mangalam Birla it once came in the form of 'butter chicken' being cooked in its office canteen. The aluminium-to-telecom conglomerate Aditya Birla Group Chairman belongs to the Marwari community, where vegetarianism forms an important part...
  • Tata Sons withdraws its bank licence application: RBI November 27, 2013

    New Delhi: Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses. The withdrawal by Tata Sons leaves over two dozen applicants, including Anil Ambani Group and Aditya Birla Group, in the race...
  • India @ 9 with Rajdeep Sardesai October 22, 2013

    Catch the day's top stories with Rajdeep sardesai on India at 9. ...
  • Colagate and Radia tapes: Is corporate India now under siege? October 22, 2013

    The Central Bureau of Investigation (CBI) will stand by the FIR against Aditya Birla group chairman Kumar Mangalam Birla and former coal secretary PC Parakh in the coal blocks allocation scam when it files a status report in the Supreme Court on Tuesday on the investigations. The status report will...
  • News 360: CBI to back FIR against Kumar Mangalam Birla, PC Parakh October 21, 2013

    The CBI will be filing a status report in the Supreme Court on Tuesday on the investigation into coal block allocations. The details of the report state that the CBI will stand by FIR filed against Kumar Mangalam Birla and former coal secretary P C Parakh. ...
  • Coalgate: CBI will stand by FIR against Kumar Mangalam Birla, say sources October 21, 2013

    New Delhi: The Central Bureau of Investigation (CBI) will stand by the FIR against Aditya Birla group chairman Kumar Mangalam Birla and former coal secretary PC Parakh in the coal blocks allocation scam when it files a status report in the Supreme Court on Tuesday on the investigations. The status...
  • Follow rule of law, but don't scare away investors: Moily on Birla FIR October 19, 2013

    New Delhi: Petroleum Minister Veerappa Moily and former Infosys Chairman Narayan Murthy have warned that investigations against top businessmen may not augur well for the country's reputation and will drive away foreign investors. The remarks came after the Central Bureau of Investigation filed an FIR against Aditya Birla Group Chairman...
  • Hindalco unlikely to get tapering coal linkage for power plant October 18, 2013

    New Delhi: Aditya Birla Group firm Hindalco is unlikely to get tapering coal linkage for its captive power plant in Odisha with the Coal Ministry conveying to the firm that state-owned CIL does not have sufficient fuel. "Hindalco had approached the Coal Ministry seeking tapering linkage for its captive power plant...
  • Coalgate: Naveen says Hindalco letter was in Odisha's 'best interest' October 17, 2013

    New Delhi: The coal allocation scam took another dramatic turn on Thursday with Odisha Chief Minister Naveen Patnaik becoming the latest political figure to find his name linked to the controversy. Amid reports that CBI could question Patnaik for writing a letter to Prime Minister Manmohan Singh to allot coal...
  • News 360: Odisha Chief Minister Naveen Patnaik under scanner in Coal scam October 17, 2013

    In a new twist to the coal blocks allocation scam the Central Bureau of Investigation (CBI) is looking into the role of Odisha Chief Minister Naveen Patnaik in the case. Naveen Patnaik had reportedly written to Prime Minister Manmohan Singh to approve coal blocks of Aditya Birla Group Chairman Kumar...
  • The Last Word: Is the CBI's treatment of KM Birla a sign that we are returning to the repressive 1980s? October 17, 2013

    In an another high profile chargesheet in the coal scam, the Central Bureau of Investigation has named Aditya Birla Group Chairman Kumar Mangalam Birla as an accused in its 14th FIR in the case. ...
  • Coalgate: CBI names Kumar Mangalam Birla, NALCO, HINDALCO in fresh FIR October 15, 2013

    New Delhi: In another high profile chargesheet in the coal scam, the Central Bureau of Investigation has named Aditya Birla Group Chairman Kumar Mangalam Birla in its 14th FIR in the case. FIRs have been filed against Kumar Mangalam Birla, NALCO, HINDALCO and former secretary coal PC Parakh. Cases of...
  • Aditya Birla Group to acquire Gujarat cement for Rs 3,800 cr September 11, 2013

    Aditya Birla Group firm UltraTech Cement Ltd on Wednesday said it will acquire Gujarat Cement unit of Jaypee Cement Corp Ltd for Rs 3,800 crore. UltraTech Cement will acquire the Gujarat Cement Unit of Jaypee Cement Corp Ltd. Gujarat Cement Unit comprises of an integrated cement unit at Sewagram and grinding...
  • Shape up, or we'll ship out: India Inc to policymakers September 9, 2013

    After the rapid slide in the rupee this year, the message from the country's corporate titans to the government is clear: shape up and fix the problems or more companies will expand their business abroad and deprive the economy of investment. Many, such as entrepreneur Kiran Mazumdar-Shaw, are already doing just...
  • CCI fines 11 cement firms over Rs 6,000 crore June 21, 2012

    Mumbai: The Competition Commission of India (CCI) imposed a $1.1 billion fine on Thursday against 11 cement companies for price-fixing, in the largest-ever penalty ordered by the increasingly assertive regulator. The CCI said the companies colluded to push prices higher by underutilising their plants and creating an artificial shortage of cement,...
  • 'We're last man standing, will be first man forward' June 17, 2012

    New Delhi: Confident of his cement-to-telecom conglomerate emerging as the 'last man standing' in current state of economic downturn, industrialist Kumar Mangalam Birla has said the Aditya Birla group would also prove to be the 'first man forward'. While admitting that an "extended pause in reforms" and some other policy moves...
  • Aditya Birla to buy stake in Living Media India May 18, 2012

    Mumbai: Aditya Birla Group on Friday said it will buy 27.5 per cent stake in the holding firm of the India Today Group, Living Media India Ltd for an undisclosed amount. The investment will be made by Aditya Birla Group's private investment company, Aditya Birla Group said in a...
  • Aditya Birla may buy stake in Living Media April 10, 2012

    New Delhi: Aditya Birla Group is looking to acquire 26 per cent stake in Living Media which owns 57.1 per cent stake in TV Today , reports Business Standard. TV Today Network touched an intraday high of Rs 70.85 and an intraday low of Rs 68.10. At 09:34 am, the share...
  • Scams are a fallout of coalition govt: Birla April 11, 2011

    New Delhi: Chairman of Aditya Birla group Kumar Mangalam Birla has admitted that the recent scams have dented India's image in the world. In an exclusive interview to CNN, he diverted the Prime Minister blame-game to the coalition system of governance, in essence, blaming the coalition government for the criticism...
  • Scams a result of coalition govt: Kumar Mangalam Birla April 11, 2011

    In an exclusive interview to CNN, the Chairman of Aditya Birla group has admitted that the recent scams have dented India's image in the world. ...
  • Students, parents protest relocation of school in Mumbai July 29, 2009

    Mumbai: Students and parents of one of Mumbai's oldest school, the News Era School were out on the roads blocking traffic for several hours to protest the relocation of the school. The school has taught several high profile Mumbaikars, like film maker Ketan Mehta, actor Shammi Kapoor and radio personality...
  • AB group treats tier-two cities to retail therapy March 6, 2008

    Vadodara: It’s now Aditya Birla Group’s turn to get into the hyper market foray, a move that comes one year after the company launched More Megastores in tier-two cities. With an average size of 80,000 sq feet, the hyper marts will stock about 60,000 Stock Keeping Units (SKU) or types...
  • LIC, SBI, Birlas pick up stakes in BSE May 18, 2007

    Mumbai: The Bombay Stock Exchange, Asia's oldest, on Friday completed a nearly two-year exercise of corporatising itself by offloading 51 per cent of broker members' stake to 19 investors including SBI, LIC and Aditya Birla group, besides Deutsche Borse and Singapore Exchange. The corporatisation or demutualisation process was to have been...