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Kumar Mangalam Birla

ABFRL to demerge Madura business into separate listed entity

After the proposed demerger, ABFRL will raise growth capital within 12 months to strengthen its balance sheet and pursue the large growth opportunityNew Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday announced to demerge its fast fashion...

Aditya Birla Group to foray into branded jewellery retail business; to invest Rs 5,000 crore

The new venture, Novel Jewels, will build large-format exclusive jewellery retail stores across India, with in-house jewellery brandsNew Delhi: Leading business conglomerate Aditya Birla Group on Tuesday said it is foraying into the branded jewellery retail business with an...

ABFRL picks up 33.5% stake in Tarun Tahiliani brand to enter men’s premium ethnicwear segment

India's leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India's ace designer Ta run Tahiliani to form a new entity that will soon launch a contemporary men's ethnic wear brand. The new...

Flipkart to acquire 7.8 pc stake in Aditya Birla Fashion for Rs 1,500 cr

Flipkart Investments will pick up 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore. The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies...

Aditya Birla Group to invest Rs 15,000 crore in Gujarat over 3 years

Aditya Birla Group plans to invest Rs 15,000 crore in Gujarat over the next three years on capacity expansion and setting up of new units, its Chairman Kumar Mangalam Birla Friday said.According to a PTI report: The group will...

Aditya Birla Group launches new age fabric LIVA Crème

LIVA Crème, the new age fabric from the Aditya Birla Group, was launched by Kumar Mangalam Birla, Chairman, Aditya Birla Group. Liva Crème fabric – a new variant of Liva fabric – offers consumers the luxurious soft feel which...

Aditya Birla Group all set to invest Rs 7,000 crore in Andhra Pradesh

Aditya Birla Group plans to invest Rs 7,000 crore in the next two years in Andhra Pradesh on expanding existing businesses, Chairman Kumar Mangalam Birla said. The conglomerate already has investments of Rs 10,000 crore in the state across sectors...

Aditya Birla Nuvo to merge with Grasim and demerge financial services

The $41 billion Aditya Birla group has announced major rejig of its companies involving merger of Aditya Birla Nuvo Ltd with Grasim Industries Ltd and the subsequent demerger and listing of its financial services business through a composite scheme...

In Pics: Top 10 Retail and Consumer Products Billionaires in India 2016

MIGHTY AND RICH Despite the Indian economy growing at over 7.5 per cent the top 84 rich in the country lost 20 per cent of their wealth, which was down to $274 billion in 2016, as per the latest ranking...

Kumar Birla to Acquire 16 percent Stake in Century Textiles

Kumar Mangalam Birla will directly purchase a stake of about 16 percent in cement to garments maker Century Textiles and Industries, which he is eventually set to inherit from grandfather Basant Kumar Birla, according to a notice to shareholders.Four...
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51% of buyers frustrated by poor customer service: Report

51% of respondents highlighted poor customer service as the leading issue concerning kitchen appliancesNew Delhi: Brands dealing in...
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