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The Latest Breaking News from Kumar Mangalam Birla

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

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

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

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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

Grasim invested Rs 74,000 cr as capex in last 5 years: Kumar Mangalam Birla

Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. This outlay shows confidence in long-term demand and India's growth potential. The company achieved its highest-ever consolidated revenue of Rs 1,75,431 crore. Its paints venture, Birla Opus, is now the number three player. UltraTech Cement became the world's…

The Economic Times

Grasim shares in focus after subsidiary acquires Solenergi Power from Shell in $1.8 billion deal

Grasim Industries' renewable energy arm will acquire Solenergi Power from Shell. This acquisition significantly expands its clean energy portfolio to 9.4 GW. The deal, valued at Rs 17,200 crore, is expected to close by 2026. Funding will come from debt, equity, and an investment by Global Infrastructure Partners. The combined…

The Economic Times

Aditya Birla Group eyes Rs 12,000 crore investment to expand Kansariguda alumina refinery in Odisha

Odisha Chief Minister met with Kumar Mangalam Birla to discuss investments. The Aditya Birla Group proposed expanding its Kansariguda alumina refinery project.

The Economic Times

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Vodafone Idea shares jump 4%; KM Birla says telco navigated through one of its toughest challenges in history

Vodafone Idea shares climbed after shareholders approved a Rs 4,730 crore investment from the Aditya Birla Group, signalling renewed promoter confidence. With funding support, easing AGR pressure and improved ratings, investor focus now shifts to execution, network expansion and the company’s long-term turnaround prospects.

The Economic Times

Grasim to invest Rs 3,094 crore to expand Lyocell capacity in Karnataka

Grasim Industries will invest Rs 3,094 crore to expand its Lyocell capacity in Harihar, Karnataka. This expansion will add 110K TPA, with commissioning expected by 2028 and 2030. Upon completion, Grasim's total Lyocell capacity will reach nearly 210K TPA. This move supports growing global demand for sustainable textile materials and…

The Economic Times

Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr

Aditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs 980 crore. This capital infusion will fund growth objectives, including lending and investments. The company aims to expand access to financing for entrepreneurs and businesses.…

The Economic Times

Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?

Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors…

The Economic Times

Aditya Birla Group To Invest Rs 25,000 Crores In Uttar Pradesh

Addressing the Global Investors Summit-2023, which kicked off in state capital Lucknow on Friday, up">Aditya Birla Group Chairman Kumar Mangalam Birla pledged investments across sectors worth Rs 25,000 crore. Read further on Dynamite News:

Dynamite News

DoT to 'activate' conversion of VIL dues into equity after seeing firm action on fundraising

NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.

The Times of India

Who Owns Your Media: The highs and lows of the India Today Group

Forty seven years ago, in 1975, Madhu Trehan founded India Today magazine, although her father Vidya Vilas Purie had originally envisioned it as a tabloid. Trehan had returned from the United States, where she studied journalism at Columbia University and worked with the UN and India Abroad, among other organisations.

Newslaundry

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The Hindu

PM Modi to flag off Uttar Pradesh’s investment projects of ₹80,000 cr on June 3

Gautam Adani, Kumar Mangalam Birla, Sajjan Jindal and Anant Ambani are among the bigwigs from the corporate world who are slated to attend the event.

The Times of India

Supply chain challenges can be met by exploring other markets, but globalisation to stay: KM Birla

DAVOS: As the Covid pandemic and the Ukraine conflict put pressure on supply chains globally, top industrialist Kumar Mangalam Birla on Wednesday said some of these concerns can be addressed by exploring other source countries but globalisation is here to stay.

The Hindu

Be A.P.’s ambassador to attract investments, Jagan appeals to Kumar Mangalam Birla

₹2,740-crore caustic soda production unit inaugurated in East Godavari

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