Aditya Birla Group News
Cement-to-textiles Ramco Group plans makeover, create holdco, reshuffle ownership
By eliminating cross-holdings, Ramco aims to enhance its market position, particularly for its leading cement business. It is on a mission to enhance its appeal to foreign investors by reconfiguring its corporate structure and consolidating its holdings.
6 min read5 Nov 2024Qatar’s Nebras deal with Aditya Birla Group’s green arm on hold
The deal to acquire up to 49% for $400 million in Aditya Birla Renewables hits a bump due to valuation mismatch
2 min read25 Oct 2024Aditya Birla Capital sees digital platforms driving growth
The company has already launched two of these platforms. While Udyog Plus for small businesses was launched in 2023, the direct-to-consumer (D2C) ABCD platform was launched in April.
3 min read19 Sep 2024In the grinding battle for cement, UltraTech makes a big move in the south
UltraTech will buy out India Cements promoters N. Srinivasan and associates, followed by an open offer for 26% in the company. The move marks the exit of Srinivasan from India Cements, and a new milestone in UltraTech’s effort to retain its leadership of the cement market
4 min read29 Jul 2024UltraTech Cement board approves 32.72% acquisition of India Cements
As per the release, UltraTech will pay ₹3,954 crore at ₹390/share to buy 32.72 per cent stake in India Cements from the promoters and their associates.
1 min read28 Jul 2024Aditya Birla Group’s TMRW invests ₹125 crore in Virat Kohil’s Wrogn
The Aditya Birla Group venture picks 16% stake in the Accel-backed fashion brand with an option of acquiring majority stake later
1 min read19 Jun 2024Prabhudas Lilladher advises long-term SIPs in Aditya Birla Group stocks UltraTech Cement, Hindalco and more; here’s why
Domestic brokerage house Prabhudas Lilladher has advised long-term SIPs (systematic investment plans) with Aditya Birla Group stocks. In its latest newsletter, the brokerage has endorsed the consistent wealth-building potential of these stocks.
3 min read30 Apr 2024B2B e-commerce platform Birla Pivot clocks revenue of more than ₹1,000 crore in a year
Launched last July by Aditya Birla Group chairman Kumar Mangalam Birla, it aims to hit $1 billion in revenue in the next three years.
1 min read9 Apr 2024UltraTech Q2 net up 69% at ₹1,280 crore
UltraTech also reported a 15.24% year on year increase in its consolidated net sales to ₹16,179 crore in the July-September quarter from ₹14,039 crore in the same quarter last year.
2 min read19 Oct 2023UltraTech’s Q1 net rises 6.6% as infra demand up
The profit beats Bloomberg analysts’ estimate at ₹1,615.3 crore for the country’s largest cement-maker.
2 min read22 Jul 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared