Ajanta Pharma to replace Aditya Birla Nuvo on Nifty Midcap 50

Ajanta Pharmaceuticals will be included in the NSE's Nifty Midcap 50 index, replacing Aditya Birla Nuvo from the next month.

FIPB to take up 25 FDI proposals on Sept 22

FIPB will take up 25 foreign direct investment (FDI) proposals, including those of Aditya Birla Nuvo, Cipla, Sun Pharma Advanced Research and HDFC Capital Advisors, on September 22.

Pantaloons to invest Rs 125cr this fiscal, add up to 35 stores

"The company is targeting to launch 30-35 stores during 2015-16 and focus will be on expanding customer reach and portfolio enrichment," it said.

Aditya Birla Nuvo to foray into solar power biz

Diversified company Aditya Birla Nuvo (ABNL) will make a foray into solar power business and would participate in auction of such projects in Telangana.

Aditya Birla Nuvo forms JV with South Africa's MMI holdings

Diversified entity Aditya Birla Nuvo Ltd (ABNL) today announced formation of a joint venture with MMI Holdings -- a South African insurance based financial services group -- to enter Indian health insurance and wellness market.

Aditya Birla Nuvo Q4 net profit rises 88.28% to Rs 331.63 cr

The company's shares were trading 3.58 percent up at Rs 1,894.10 apiece during pre-close session on the BSE.

Aditya Birla Group stocks jump up to 20% on apparel biz merger

Shares of Pantaloons Fashion & Retail and Aditya Birla Nuvo on Monday gained up to 20 percent, a day after Aditya Birla Group merged its apparel businesses into a Rs 5,290 crore entity.

Aditya Birla Group consolidates apparel biz into one entity

In a major restructuring exercise, Aditya Birla Group Sunday announced merger of all its branded apparel businesses into one entity, Aditya Birla Fashion and Retail Ltd, through an all-share deal.

Aditya Birla Nuvo shuts down its urea plant in UP for a month

Aditya Birla Nuvo Friday shut its urea plant in Uttar Pradesh for about a month as cost of production beyond capacity has become unviable due to the current policy of the government.

Aditya Birla Group plans to foray into health insurance biz

Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) is planning to enter health insurance business in the country.

Insurance stocks gain; Reliance Capital up 3.72%

Shares of companies in insurance sector gained as much as 4 percent Wednesday after the government approved the Ordinance route to implement insurance reforms.

Insurance scrips gain as Cabinet clears FDI to 49%

Shares of companies that run insurance business rose by as much as 4 percent after the Cabinet today gave go-ahead to FDI cap hike in the sector to 49 percent with a rider that management control will remain in the hands of Indian promoters.

Aditya Birla Nuvo to invest Rs 350 cr in fin services in FY15

Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) will invest Rs 350 crore in its financial services business in the current fiscal.

Aditya Birla Nuvo to double luxury brand outlet

While The Collective a predominantly is a men's wear outlet, women's wear was added in Delhi and Chandigarh outlets and the customer response is being studied.

Aditya Birla Nuvo Q1 net up 24% at Rs Rs 331.33 crore

Aditya Birla Nuvo Ltd (ABNL) on Friday reported 24.16 percent increase in net profit at Rs 331.33 crore for the first quarter ended June 30, 2013, driven by strong performance from all its business verticals .

Will look into possible conflict of interest in Birla's bank licence plea: RBI

RBI Thursday said it will look at whether there is any conflict of interest arising out of a bank licence application filed by Aditya Birla Nuvo, whose group Chairman Kumar Mangalam Birla happens to be on the board of the central bank.

Aditya Birla Nuvo to seek licence from RBI for setting up bank

Shares of the company closed at Rs 1,033.25 per unit, down by 1.01 percent on the BSE.

Allen Solly looks for expansion in North-east market

The company's flagship store in Guwahati opened on Wednesday has an area of 1,400 square feet and its upcoming outlets in the North Eastern market would be of around the same size.

Aditya Birla Nuvo to sell carbon black biz to group firm

The move, aimed at reducing debt, follows a decision of the company's Committee of Directors who felt that it will be "extremely challenging" for Nuvo to become a global leader as multi-national tyre makers prefer tie-ups with firms which has global spread.

Aditya Birla Nuvo Q3 profit up 28% at Rs 323 crore

Aditya Birla Nuvo on Thursday reported 28.05 percent increase in its consolidated net profit at Rs 323.21 crore for the third quarter ended December 31, 2012.