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Aditya Birla Capital's board greenlights float for mutual fund arm

Finance

17 March, 2021

Aditya Birla Capital's board greenlights float for mutual fund arm

The board of Aditya Birla Capital has given an in-principle approval to Aditya Birla Sun Life AMC for an initial ......

Grapevine: Tata Motors, others eye BEML stake; Aditya Birla Group to list AMC

General

08 March, 2021

Grapevine: Tata Motors, others eye BEML stake; Aditya Birla Group to list AMC

ata Motors, Mahindra and Mahindra, Ashok Leyland and others are eyeing a 26% stake in state-run defence equipment maker BEML, ......

Grapevine: Zomato to close pre-IPO round; Voda mulls part-exit from Indus Towers

General

22 January, 2021

Grapevine: Zomato to close pre-IPO round; Voda mulls part-exit from Indus Towers

Online food delivery platform Zomato is closing a fresh $500 million (about Rs 3,650 crore) investment at a valuation of ......

Grasim to sell fertiliser business to Indorama for $355 mn

Manufacturing

13 November, 2020

Grasim to sell fertiliser business to Indorama for $355 mn

Grasim Industries Ltd has agreed to sell its fertiliser business to Singapore’s Indorama Corporation Pte. Ltd for Rs 2,649 crore ......

Grapevine: HDFC Bank spots three people for CEO; JV partners to fund Vodafone Idea

General

16 April, 2020

Grapevine: HDFC Bank spots three people for CEO; JV partners to fund Vodafone Idea

HDFC Bank has identified three contenders to succeed chief executive Aditya Puri: Executive directors Sashidhar Jagdishan and Kaizad Bharucha and ......

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Fund Scan: How Aditya Birla Private Equity lost its momentum

Finance

14 November, 2019

Fund Scan: How Aditya Birla Private Equity lost its momentum

A little more than four years ago, Aditya Birla Private Equity invested in a Mumbai-based fashion garments maker. The September ......

Aditya Birla Capital to raise $153 mn from Advent, PremjiInvest

Finance

05 September, 2019

Aditya Birla Capital to raise $153 mn from Advent, PremjiInvest

Aditya Birla Capital Ltd, the holding company of the Aditya Birla Group's financial services businesses, said on Thursday it is ......

US sues to stop Hindalco unit Novelis' $2.6-bn purchase of Aleris

Manufacturing

05 September, 2019

US sues to stop Hindalco unit Novelis' $2.6-bn purchase of Aleris

The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc's proposed $2.6 billion purchase of Aleris ......

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Faced with regulatory uncertainty, can ReNew Power assault its mountain of debt?

Infrastructure

21 August, 2019

Faced with regulatory uncertainty, can ReNew Power assault its mountain of debt?

ReNew Power Ltd’s new chief financial officer (CFO) has his hands full as he onboards India’s largest renewable energy company ......

Aditya Birla Fashion to buy 51% stake in bespoke apparel brand Shantanu & Nikhil

Consumer

16 July, 2019

Aditya Birla Fashion to buy 51% stake in bespoke apparel brand Shantanu & Nikhil

Aditya Birla Fashion and Retail Ltd (ABFRL), a unit of Aditya Birla Group, has agreed to acquire a 51% stake ......