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.

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

Last Updated: Friday, February 27, 2015, 17:43

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.

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

Last Updated: Wednesday, February 25, 2015, 14:23

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.

Pantaloons gets shareholders nod to raise Rs 1,000 cr via NCDs

Last Updated: Tuesday, February 24, 2015, 22:46

Pantaloons Fashion & Retail today said it has received approval of shareholders to raise Rs 1,000 crore through non-convertible debentures (NCDs) on a private placement basis.

Hindalco shares pare early gains; down over 1% at close

Last Updated: Monday, February 23, 2015, 18:50

Paring early gains, shares of Hindalco Industries ended over 1 percent lower today in-line with an overall weak stock market, even as the company bagged maximum number of mines in the first phase of auction.

Coal auction: Hindalco, UltraTech bag coal mines on 6th day

Last Updated: Thursday, February 19, 2015, 23:00

The allocation of coal blocks, including through the ongoing auction, will fetch a whopping Rs 15 lakh crore over the next 30 years, for the respective states, Coal, Power, New and Renewable Energy Minister Piyush Goyal said earlier in the day.

Aditya Birla group firm Hindalco wins another coal mine

Last Updated: Thursday, February 19, 2015, 10:48

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

Aditya Birla Group plans to foray into health insurance biz

Last Updated: Wednesday, February 11, 2015, 22:27

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

Aditya Birla Chemicals to merge with Grasim Industries

Last Updated: Wednesday, February 11, 2015, 19:08

Grasim Industries, an Aditya Birla Group firm, today said its Board has approved merger of Aditya Birla Chemicals with the company in line with its vision to unify similar business in one company.

Birla Sun Life AMC garners Rs 781 cr via manufacturing scheme

Last Updated: Friday, February 6, 2015, 18:19

Birla Sun Life Mutual Fund, a part of Aditya Birla Financial Services Group, on Friday said it has garnered Rs 781 crore through its manufacturing sector scheme.