Former director at environment ministry also booked. In its response, Hindalco says 'mines were de-allocated as part of the government’s de-allocation process'.
The financial services firm will use the proceeds to invest in its units, joint ventures, and associates, among other corporate purposes, the term sheet said.
A new venture, named Novel Jewels Ltd, will house the jewellery business that will build large retail stores across India with in-house brands, the group said in a statement.
Acquisitive conglomerates such Birla's are now pivoting toward creating regional strongholds that can avoid getting tripped up in an increasingly divided world.
Months after it put on hold some of its expansion programmes on account of the pandemic, Aditya Birla Group unveils investment plans as it bets on India's economy to bounce back.
Birla's Hindalco, which is part of the huge Aditya Birla Group, has put together a consortium of global banks to fund its takeover of aluminum producer Aleris Corp.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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