ADITYA BIRLA GROUP
Two-player telecom market would be too risky in India: Trai officials
A two-private player duopoly in the telecom market would be too risky in India, especially for the consumers, senior officials at the sectoral watchdog said.
Vodafone Idea may pay part of AGR dues to stay afloat
Besides pleas for relief at Supreme Court, telco wants to show its intent to honour pay...
Telecom dues: Curative petitions rarely admitted, say analysts
The top court dismissed review petitions filed by telcos against its October 2...
Birla Carbon likely to raise up to $1.5 bn via offshore bonds
The company is expected to meet a group of bankers in Atlanta in the next few weeks as US Treasury yields are dropping this month, lowering global funding costs. It is in the process of appointing investment bankers. The US benchmark treasury yield, a key gauge for pricing global bonds, has dipped 13 basis points this calendar year until Wednesday.
Emerging pattern of trade is more regional: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla has written to employees on his reflections on 2019 and lessons for 2020.
Kumar Mangalam Birla says 'slowbalization' will define decade
Tensions between nationalism and globalization will probably be the most defining trend of the new decade.
Birla group co Novelis to raise $1.6 bn via bonds
The bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowledge of the matter told ET.
NMDC lined up to mine multibillion-dollar diamond deposit
The central state of Madhya Pradesh has asked NMDC to explore the Bunder deposits, which could contain millions of carats of diamonds, Neeraj Mandloi, principal secretary at the state's Mineral Resource Department. The state government last month awarded a smaller portion of the deposit to Essel Mining & Industries.
View: The perfect 'mediator' who can put an end to Tata Sons-Cyrus Mistry feud
Between Tata Sons and Cyrus Mistry, a bigger issue would be to find the perfect mediator.
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
When a company faces insolvency proceedings, promoters are unable to raise funds for other businesses, and also they are not eligible to bid for any bankrupt business under Section 29A of the Bankruptcy Act. With effect from December 1, guarantors to any insolvent business too face bankruptcy proceedings.
Aditya Birla Group completes 50 years in Thailand
"We are here in Thailand with whom India has a strong cultural linkage. And we are marking 50 years of a leading Indian industrial business in Thailand. This reaffirms my belief that commerce and culture have inherent powers to unite,” said the Indian prime minister Narendra Modi, who was present at an event taking place in Bangkok.
Oracle Cloud Applications wants to be India market leader in SaaS by 2020
According to regulatory filings sourced by business intelligence platform, Tofler, Oracle's Indian unit reported revenue of Rs 10,993.10 crore, compared to Rs 9,941.20 crore in the previous fiscal.
Luxury retailer The Collective plans expansion
It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”
Can't confirm or clarify if Aditya Birla Group won't infuse equity in telco: Vodafone Idea
“The Company can not provide any clarification/ confirmation with regard to the above news item as it is not privy to discussions or decisions, if any, of the Aditya Birla Group in this regard,” said the operator in its regulatory statement.
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.
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