KUMAR MANGALAM BIRLA
UltraTech crosses 200 million tonne capacity in India
UltraTech Cement has achieved a significant milestone, crossing 200 million tonnes in production capacity in India. This expansion solidifies its leadership in the Indian market and positions it as the world's largest cement producer outside China. The company plans further growth, aiming for 240 million tonnes by FY28.
Svatantra Microfin said to prepare for $250 million India IPO
Svatantra Microfin, backed by Advent International, is preparing for an initial public offering that could raise up to $250 million. The microfinance firm, founded by Ananya Birla, has appointed Kotak Mahindra Capital and Axis Capital as advisers and plans to file draft paperwork in the coming months. The offering will likely include both new and existing shares.
ABG appoints S Rangarajan as wires & cables business CEO
Aditya Birla Group is launching a new wires and cables business. Sriram Rangarajan will lead this venture as chief executive officer. The group has also appointed a core management team. This new business is a subsidiary of Ultratech Cement. The launch is planned for the third quarter. This marks the group's fourth new venture incubation in three years.
Billionaire Kumar Mangalam Birla raises Vodafone Idea stake after purchasing 4 crore shares from open market
The telecom operator reported a net loss of Rs 5,286 crore for Q3, narrowing from a loss of Rs 5,524 crore in the previous quarter.
Realpolitik replacing diplomatic finesse in new deals-based global order: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla observes a shift towards a deals-based global order, where negotiated arrangements are replacing established rules and realpolitik is superseding diplomatic finesse. He highlights India's consistent growth, offering scale, credibility, and continuity, which has enabled the group's expansion across sectors like cement, finance, and consumer businesses.
Kumar Mangalam Birla joins USISPF executive committee
Kumar Mangalam Birla joins the USISPF Executive Committee. He is the Chairman of Aditya Birla Group. USISPF acknowledges his role in strengthening US-India ties. Birla highlights the importance of the partnership. Aditya Birla Group is the largest Indian greenfield investor in the US. John Chambers presented Birla with the Global Leadership Award. Shantanu Narayen welcomes Birla's addition to USISPF.
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ET Awards 2024: Many of our problems existing in several large economies as well, only way to compete is by...: Kumar Mangalam Birla
Kumar Mangalam Birla emphasizes the importance of investing for global competitiveness at the ET Awards 2024. Honored as 'Business Leader of the Year', he highlighted that issues faced by the Indian economy are common globally, and placed confidence in India's growth alongside North America, citing his company's significant diversification and expansion.
'You let the school down': Kumar Mangalam shares childhood incident of being scolded by school principal for ignoring chief guest
Kumar Mangalam Birla reminisced about a childhood incident of being scolded for not acknowledging a chief guest after winning a prize. At the ET Awards 2024, he expressed his joy in seeing his mother's smile. Under his leadership, the Aditya Birla Group has achieved significant milestones.
Grasim inducts promoter Kumar Mangalam Birla's next-generation members into its board
Ananya Birla and Aryaman Vikram Birla, daughter and son of Chairman Kumar Mangalam Birla, come with "rich and varied experience" and the board believes that Grasim Industries "will benefit from their new-age insights and business acumen," it added.
Kumar Mangalam Birla's remuneration from UltraTech fell 18.8 per cent to Rs 15.53 cr in FY19
UltraTech Managing Director K K Maheshwari also took 4.76 per cent lesser salary at Rs 12.96 crore in the last fiscal year, ended March 31, 2019.
A full house at British theatrical group STOMP's Mumbai show
The group previously attended charity functionsith Aaditya Thackeray and had a jam session with Ananya Birla.
Financial services biz has reached a critical mass and ready to get listed: Kumar Mangalam Birla, Chairman, Aditya Birla Group
Merger will create value for shareholders of both Grasim and Nuvo
It is going to be a tough two years after entry of Jio: Kumar Mangalam Birla
You have got a large player coming in with odious missions, with a track record of performance and fact that it will be disruptive is a given.
Mumbai has the best work culture in India: Kumar Mangalam Birla
The chairman of Aditya Birla Group believes that when it comes to work ethic, the maximum city puts in the most effort.
Kumar Mangalam Birla at his fashionable best at AICW 2015
Corporate bigwig Kumar Mangalam Birla deserves some brownie points for upping his swag quotient in a dark green velvet jacket at the Amazon India Couture Week.
Rejig will benefit shareholders of both AB Nuvo and Pantaloons: Kumar Mangalam Birla, Aditya Birla Group
Combining Pantaloons and Madura Garments gives you a very powerful platform, a strong company financially to fuel further growth with powerful in-house brands.
Summons to Manmohan Singh, Kumar Mangalam Birla is negative for business: Adi Godrej
He said: "If you keep summoning everybody as an accused, businesses will get disheartened and wouldn't want to invest in that country....It doesn't create a good atmosphere."
Coal scam: Biz chambers say case against Kumar Mangalam Birla is 'unsubstantiated'
Expressing concerns over legal cases against Birla, industry chambers said such developments can create trust deficit between industry & govt.
Hindalco takes Coalgate hit, ends 5% down after plunging over 7% intraday
Shares of Hindalco came under heavy selling pressure after the co's promoter Kumar Mangalam Birla was summoned as accused in coal scam.
Kumar Mangalam Birla played "active role" to secure coal block: Court
To tap bureaucratic & political channels, Birla also joined in & roped in former Coal Secy P C Parakh and Manmohan Singh.
Kumar Mangalam Birla meets P Chidambaram
Hindalco Chairman Kumar Mangalam Birla today met Finance Minister P Chidambaram for the second time in less than three weeks.
Ministers slam CBI for naming KM Birla in FIR; fear that it may trigger derailment of economy
Corruption charges by CBI against Kumar Mangalam Birla could have an adverse impact on the investment climate.
Coalgate FIR: The terrible business of demonising business
There is a dangerous absurdity of CBI’s Coalgate FIR against Kumar Mangalam Birla as it points to a bigger, systemic danger that needs to be identified.
There is definitely policy uncertainty: Kumar Mangalam Birla
The industry is within its rights to speak about policy uncertainty, Aditya Birla group Chairman Kumar Mangalam Birla said.
Kumar Mangalam Birla plans Madura stake sale
Apax Partners, managing assets worth over $26 billion globally, has had multiple rounds of discussions with Aditya Birla Group's senior honchos, and with Kumar Mangalam Birla, in the past six months, sources said.
Corruption scandals disenchanting: Kumar Mangalam Birla
Terming the spate of corruption scandals that have plagued India in the recent past as 'unfortunate', Birla has said he feels "somewhat disenchanted".
Acquisitive growth going to be very important part: Kumar Mangalam Birla
ET Now caught up with Kumar Mangalam Birla, Chairman, Aditya Birla Group, for his views on doubling his Group’s revenues to $65 billion by 2015 and the global growth scenario. Excerpts:
Bullet proof BMW for Kumar Mangalam Birla
Billionaire industrialist Kumar Mangalam Birla has been granted permission to import a bullet proof BMW for his use in the National Capital region.
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