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Pantaloons' chief executive officer steps down

Aditya Birla Fashion and Retail today said its division Pantaloons' Chief Executive Officer Shital Mehta has resigned from the company.

Parsvnath leases 74,000sq ft office area to WHO, Facebook India

Parsvnath leases 74,000sq ft office area to WHO, Facebook India

While the World Health Organisation (WHO) has taken on lease about 50,700 sq ft of office space for its headquarter, Facebook India has taken 23,000 sq ft area, Jain said.

Jaypee Group sells cement plants to Ultratech for Rs 15,900 crore

Jaypee Group sells cement plants to Ultratech for Rs 15,900 crore

 Debt-ridden Jaiprakash Associates today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector.

Aditya Birla Group's revenue crosses Rs 2.5 lakh cr, up 9%

Global operations accounted for more than 50 percent of the group's revenues, which rose by 8 percent in the US dollar terms as well to USD 41 billion "regardless of ups and downs in foreign currency", Birla added.

LIC hikes stake in Hindalco to over 13%

LIC hikes stake in Hindalco to over 13%

Aditya Birla-led Hindalco on Thursday said insurance giant LIC has raised its stake in the aluminium maker to over 13 percent.

Aditya Birla fabric unit eyes Rs 1,000 cr revenue in 2 yrs

Leading linen fabric-maker Jaya Shree Textiles, a unit of Aditya Birla Nuvo, is aiming at Rs 1,000 crore revenue from its linen, yarn and fabric business in next two years.

Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco

The Odisha government has decided to scrap joint venture agreements with global major Rio Tinto, Vedanta Group firm Sesa Sterlite and Aditya Birla Group-owned Hindalco Industries, an official said Wednesday.

Aditya Birla group firm Hindalco wins another coal mine

Hindalco has bagged two mines out of the 13 put on offer so far.

Vodafone India applies for payment bank licence

Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.

Narendra Modi is focussed and selfless: Rajashree Birla

Rajashree Birla, wife of late Aditya Birla and mother of Kumarmangalam Birla who is heading the USD 40 billion Aditya Birla group, Thursday praised Prime Minister Narendra Modi, saying "he is focussed and selfless".

Ultratech Q1 Net dips 6% to Rs 628 cr on lower prices

Ultratech Cement today reported a little over six percent dip in its consolidated net profit for the first quarter of the current fiscal at Rs 628 crore on lower prices and higher variable costs.

Hindalco plans to raise Rs 5,000 cr

Aditya Birla Group firm Hindalco Industries plans to raise up to Rs 5,000 crore by issuing equity shares to institutions or through other options.

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 Q4 net down 11.43% at Rs 176.13 crore

Diversified firm Aditya Birla Nuvo Ltd today reported 11.43 percent decline in consolidated net profit at Rs 176.13 crore for the quarter ended March 31, 2014.

Jalan panel to finalise report three months after RBI scrutiny

The RBI is currently scrutinising various aspects of applications made by 25 entities for new bank licences expected to be given by the end of March 2014.

Assocham writes to PM, says concerned over CBI probe

Taking a strong note of CBI slapping case against Kumar Mangalam Birla in Coalgate, Assocham has sought Prime Minister's intervention to end the "environment of distrust" which had arisen due to "half-baked cases" against industry leaders, cautioning this could further impair decision making.

Coalgate: CBI files status report, seeks more documents from PMO

CBI has claimed that Hindalco Industries was granted ‘undue favour’ over allocation of coal block.

Coalgate: Zee Business exposes nexus between Naveen Patnaik, KM Birla

A Zee Business exclusive report on Hindalco Industries has exposed the nexus between Odisha Chief Minister Naveen Patnaik and industrialist KM Birla.

Hindalco shares fall 5% after CBI books KM Birla in coal scam

Shares of Aditya Birla-promoted firms such as Hindalco Industries, AB Nuvo and Idea Cellular today fell by up to 5 per cent after the CBI registered a case against industrialist Kumar Mangalam Birla in connection with alleged irregularities in allocation of coal blocks in 2005.

Tata, Ambani, Birla among 26 in race for bank licence

Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital and Bajaj Finserv are among the 26 private and public sector entities which have applied to RBI for grant of bank licences.