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.
The board of directors of Vodafone Idea have accepted Birla's request & Himanshu Kapania, a telecom industry veteran, has been appointed as the non-executive chairman.
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.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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