ABNL is now ABFRL, Madura Garments merges with PFRL, now a separate Retail Firm

Last Updated: Sunday, May 3, 2015, 18:12

A shareholder holding 100 shares in ABNL will continue to hold 100 shares in ABNL and in addition will get 520 shares of PFRL.

Aditya Birla Group consolidates apparel biz into one entity

Last Updated: Sunday, May 3, 2015, 14:55

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.

Grasim Q4 net profit at Rs 507 crore

Last Updated: Saturday, May 2, 2015, 18:55

Net sales stood at Rs 8,706.41 crore for the quarter under review whereas the same was at Rs 8,245.45 crore in the year-ago period, Grasim Industries said in a filing to BSE.

Ultratech Cement Q4 net profit dips 24%

Last Updated: Saturday, April 25, 2015, 17:39

Ultratech Cement on Saturday reported a 24 percent dip in consolidated net profit at Rs 657.2 crore for the fourth quarter of 2014-15, mainly on account of a penalty imposed by CCI on cartelisation charges.

Aditya Birla plans to consolidate retail biz under one roof

Last Updated: Wednesday, April 8, 2015, 15:45

The Aditya Birla Group is working on a restructuring plan to bring all its retail verticals under Pantaloon Fashion & Retail in a move to unlock value and accrue synergy benefits for the business.

IndiGo may file for IPO in May to raise Rs 2,500 cr

Last Updated: Friday, March 27, 2015, 21:37

The largest airline by market share, IndiGo, is likely to file IPO papers with the Sebi by May to raise up to Rs 2,500 crore, industry sources said.

Spectrum bids won't result in high call rates: Prasad

Last Updated: Thursday, March 26, 2015, 18:01

Ideal Cellular, which provides mobile services using GSM technology, bid a maximum of Rs 30,306.98 crore to buy spectrum in the 900 megahertz, 1800 MHz and 2,100 MHz bands.

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

Last Updated: Monday, March 16, 2015, 18:30

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.

Allen Solly not keen on e-sales

Last Updated: Thursday, March 12, 2015, 19:58

In an age when everyone is going online, garment maker Allen Solly, part of the USD 40 billion Aditya Birla Group, on Thursday said it wants to keep the brick-and-mortar model as its main revenue earner rather than focus on online sales.

Summons for Birla: CII warns of uncertainty among investors

Last Updated: Wednesday, March 11, 2015, 22:22

With a special CBI court issuing summons to industrialist Kumar Mangalam Birla as an accused in a coal scam case, apex industry body CII Wednesday said such orders can create "uncertainty and anxiety among investors" and dissuade them from investing in the country.

No officials, Birla pursued any unlawful means: Hindalco

Last Updated: Wednesday, March 11, 2015, 20:55

Aditya Birla group flagship firm Hindalco Wednesday said none of its officials, including Chairman Kumar Mangalam Birla had pursued any unlawful or inappropriate means to secure allocation of Talabira-II coal block in Odisha.

KM Birla played "active role" to secure coal block: Court

Last Updated: Wednesday, March 11, 2015, 20:50

Various high-ranking officials of Aditya Birla Group "left no stone unturned" to secure the coal block, the court said while holding that "criminal conspiracy" was prima facie initially conceived by Hindalco officials Shubhendu Amitabh and D Bhattacharya.