ADITYA BIRLA GROUP
Scam 2010 OTT release details: When and where to watch the show on Subrata Roy's controversies by director Hansal Mehta
Scam 2010, the third instalment of Hansal Mehta’s popular crime anthology, will explore the rise and controversies of Sahara Group founder Subrata Roy. Starring Siddharth Bodke in the lead role, the series is based on journalist Tamal Bandyopadhyay’s book Sahara: The Untold Story. After introducing audiences to Harshad Mehta and Abdul Karim Telgi in its previous seasons, the franchise is now turning to another major financial controversy.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
Ambuja Cements to invest Rs 14,500 crore to add 30 million tonnes capacity by FY30
Ambuja Cements will invest Rs 14,500 crore to increase its cement production capacity significantly by FY30. The company aims to boost its capacity from 125 million tonnes to 155 million tonnes over the next few years. This expansion will improve efficiencies and reduce manufacturing costs while targeting new markets. Adani Cement will also contribute to the overall capacity increase through new production facilities.
Pixxel cofounder Awais Ahmed rejects claims of US control, defends Indian credentials
Ahmed's post follows last week’s announcement of Pixxel Federal, a US subsidiary set up to serve American civilian, defence, and intelligence agencies. Ahmed said much of the recent criticism was in relation to that.
Corporate offsites, incentive trips make a comeback as companies resume travel plans
Corporate offsites and incentive trips are witnessing a revival as companies resume travel plans. Businesses are now scheduling deferred trips alongside new programmes for enhanced team engagement. Popular destinations include both domestic locations like Goa and international options such as Japan and Thailand. Companies aim to create curated experiences that foster collaboration and learning among employees. The focus remains on building connections and strengthening team culture during these offsites.
CCI clears five major deals across food, energy, fintech and telecom sectors
CCI has granted approval for five significant business transactions in sectors like food services and renewable energy. The merger of Sapphire Foods India Limited with Devyani International Limited aims to combine their restaurant operations in India. Aditya Birla Renewables Limited is set to acquire Solenergi Power Private Limited from Shell for approximately Rs 17,200 crore. In financial services, Prosus N.V.
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CCI approves Adani acquisition of Intellismart
Adani Energy Solutions has received approval to acquire IntelliSmart Infrastructure, establishing a major presence in smart meters. This acquisition will help expand the Adani Group's operations in digital grid modernization efforts. The Competition Commission of India also approved other significant acquisitions in various sectors, highlighting ongoing consolidation in the market. Notable approvals include investments in telecom and quick-service restaurants, enhancing industry efficiency.
Blackstone-backed ASK Group appoints Nehal Shah as Group Head of Legal, Compliance and Secretarial
Blackstone-backed ASK Asset & Wealth Management Group has appointed Nehal Shah as group head of Legal, Compliance & Secretarial to strengthen its regulatory compliance and corporate governance functions. Shah brings over two decades of experience across financial services and capital markets.
IPL teams score big in the global valuation game
The Indian Premier League's 10 franchises are valued at an average of $1.7 billion each, with a revenue multiple of 22.9 times, the highest among major global sports leagues, according to Sportico. Mumbai Indians lead the rankings at $2.1 billion, followed by Royal Challengers Bengaluru at $1.85 billion. The valuations reflect the league's strong central revenue pool, lucrative media rights and growing investor interest.
Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity.
ET Wealth Expo 2026: From building wealth to financial freedom, two days of insights for today’s investors
Mark your calendars for the ET Wealth Expo 2026, happening on October 30 and 31 at Mumbai's NESCO Convention Centre. This event promises to bring together top professionals for insightful discussions on investment strategies and wealth management. Attendees can expect sessions covering crucial topics such as intergenerational wealth transfer and global investment opportunities, alongside keynote speeches aimed at addressing future challenges in wealth management.
India to remain top of the Asian pie for Advent
Advent International has successfully raised $30 billion for its global buyout and mid-market funds. The firm plans to invest significantly in India, expecting healthy GDP growth in the country. With recent investments including Yatharth Hospitals and Aditya Birla Housing Finance, Advent remains confident in the Indian market potential. The new fund is set to target various sectors including healthcare, technology services, and industrials.
IIM Calcutta summer placements see 475 students secure 546 offers from 156 companies
IIM Calcutta has completed the summer placements for its 63rd MBA batch, attaining incredible success. A remarkable 475 students have secured jobs, with consulting roles leading the way, supported by offers in finance and general management. Furthermore, numerous first-time participating companies expressed their intent to hire. This success is a testament to the institute's esteemed reputation and strong connections in the industry.
Did your balanced advantage fund buy the dip? Here's what your investment strategy should be now
When markets fell, BAFs had an opportunity to increase equity exposure. Many did, while others were more cautious.
Adani Wind bags 696 MW turbine orders from 5 power producers, targets 10 GW capacity
Adani Wind has received significant orders for 696.2 megawatts of wind turbines from five power producers. The contracts involve projects in states such as Karnataka, Gujarat, and Maharashtra. Plans are in place to increase annual manufacturing capacity at its facility in Mundra from 2.25 GW to 5 GW. Additionally, the company aims for a long-term manufacturing capacity target of 10 GW.
A Japanese giant is quietly taking a bigger shelf in India’s wardrobes
Uniqlo India's revenue increased by 44% to Rs 1,724 crore in the last financial year. The brand's focus on everyday essentials contrasts with fashion-led competitors like Zara and H&M. Consumers are increasingly prioritizing quality and versatility rather than simply seeking trendy items. A report indicates that many people make fashion purchases based on necessity rather than impulse.
UltraTech Cement Q2 net profit up 21% in September quarter
A near 14% year-on-year growth in grey cement volumes to 35.94 mt in the domestic market, though, helped UltraTech clock in a near 19% year-on-year growth in consolidated sales to ₹23,295 crore. This also helped the profit before interest, depreciation and tax rise more than 17% to ₹3,832 crore. Consolidated profit for the quarter rose 21% on-year to ₹1,501 crore.
Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids
Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Funds Developing World Growth and Income Fund. Other overseas participants included Abu Dhabi Investment Authority (ADIA), Janus Henderson, Societe Generale, Morgan Stanley Investment Funds, Norway's Government Pension Fund Global, Citadel Securities Singapore, Eastspring Investments, T. Rowe Price, Prudential Hong Kong and Integrated Core Strategies (Asia).
Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore
Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore.
Jio IPO draws Rs 2.5 lakh crore in anchor bids from over 70 investors
Jio Platforms’ Rs 30,188 cr IPO has attracted institutional bids worth around Rs 2.5 lakh cr, more than 30 times the size of its anchor book. Over 70 investors, including global asset managers, sovereign wealth funds, domestic mutual funds and insurers, have expressed interest ahead of the October 21 opening.
UltraTech commissions Rs 2,650 crore cement plant in Andhra Pradesh in 14 months
The integrated cement plant, located in Petnikota village in Kolimigundla mandal in the Rayalaseema region, has a clinkerisation capacity of 3.3 million tonnes a year and cement dispatch capacity of 3.6 million tonnes a year.
Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. With backing from renowned global asset managers and sovereign wealth funds, this Rs 30,200 crore offering launches on October 21, featuring a price band of Rs 1,065 to Rs 1,119 per share. The company aims to use most proceeds to clear existing debts, enhancing financial stability.
Uniqlo India net profit rises 41% to Rs 253 cr in FY26; co bets on expansion
Uniqlo reported a significant increase in revenue for the year ended March 2026. The revenue rose 44% year-on-year, reaching ₹1,724 crore as net profit also increased. This growth occurred despite challenges faced by other apparel retailers in India. Uniqlo plans to expand its presence through new stores and enhance customer engagement via digital platforms. The Indian apparel market is projected to grow significantly in the coming years.
Federal Bank appoints Cognizant’s Rajesh Varrier as independent director
Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This decision follows the announcement of the bank's impressive financial results for the September quarter. Varrier serves as president of global operations at Cognizant and brings extensive management experience. The bank reported a significant rise in net profit and net interest income in comparison to last year.
Birla Estates in advance talks to buy Noida plot for Rs 1,000 crore
Birla Estates is in talks to acquire a 10-acre site in Noida from the Shipra Group for Rs 1,000 crore. The company intends to build a luxury residential development on this prime land in central Noida. This follows Birla Estates' recent collaboration with Sikka Group on another project in Greater Noida.
BlackRock, Goldman Sachs, Nomura among key investors as Zetwerk mops up Rs 2,251 crore in anchor bidding; IPO opens on Oct 15
Zetwerk Manufacturing Businesses raised Rs 2,251 crore from 99 anchor investors, including BlackRock, Goldman Sachs and Nomura, ahead of its IPO opening on October 15. The Rs 5,012 crore issue, priced at Rs 143–151 per share, comprises a fresh issue and an offer for sale. Subscription closes on October 19.
Kumar Mangalam Birla plans $30 billion push undeterred by crises
Kumar Mangalam Birla announced plans to invest $30 billion over the next two to three years. This investment will target businesses both in India and internationally, reflecting the group's global operations. The Aditya Birla Group will allocate $5 billion for a new aluminum recycling plant in Alabama. Birla acknowledged that geopolitical issues complicate investment decisions and have changed strategies.
AI investments must be judged by returns, not fear of missing out: Kumar Mangalam Birla
Kumar Mangalam Birla discussed the importance of evaluating potential returns on artificial intelligence investments. He suggested a more gradual approach to adopting AI technologies within the Aditya Birla Group. The group is assessing how AI can enhance various business aspects, from customer interaction to manufacturing efficiency. Birla also highlighted the challenges related to capital allocation amidst geopolitical changes. Overall, maintaining employee motivation and collaboration remains crucial in today's business environment.
IIM Lucknow completes summer placements with 600+ offers, average stipend up 3%
IIM Lucknow completed the summer placements for its 2026-28 PGP and PGP-ABM batches with total success. The average monthly stipend for interns increased marginally from last year's figures, while the highest stipend decreased slightly. Over 600 offers were made, showcasing opportunities in various sectors like consulting and e-commerce. Established and first-time recruiters participated, contributing to a diverse placement process for students.
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