Aditya Birla group

Vodafone Idea plans to raise up to Rs 500 crore 

VIL has been trying hard to raise funds for the past one-and-half years, but failed in that bid. Since it has failed to raise funds from external investors, it is looking for help from the promoters.

published on : 21st June 2022

Aditya Birla Group launches 'house of brands' entity TMRW 

TMRW will tap into the extensive range of capabilities and networks that the Aditya Birla Group and ABFRL (Aditya Birla Fashion and Retail Ltd) ecosystems provide to emerging and disruptor brands.

published on : 1st June 2022

Will Grasim’s entry end Asian Paints dominance?

Experts go as far as calling the Grasim’s entry a ‘Jio moment’. Jay Gandhi, institutional research analyst at HDFC Securities, feels Grasim’s plans will impact the number 2 and number 3 players.

published on : 29th May 2022

Adani, JSW Cement and Aditya Birla Group in race for Holcim assets

The reason for the sale is Holcim’s reported objective of selling its cement assets across markets and focusing on the building materials segment. 

published on : 11th May 2022

CM Jagan inaugurates Grasim’s caustic soda unit

The plant will provide direct and indirect employment to 2,450 people and of the total workforce, 75% will be locals. 

published on : 22nd April 2022

Vodafone Idea approves issue of shares to three promoters

Vodafone Idea Limited (VIL) on Thursday informed that its board members have approved allotment of 338.3 crore equity shares to its three promoters to raise Rs 4500 crore.

published on : 1st April 2022

Sameer Nair-led Applause Entertainment eyeing to roll 15 to 25 projects a year

Applause Entertainment made a mark with shows such as Hansal Mehta's "Scam 1992", Pankaj Tripathi-starrer “Criminal Justice”, "Hostages" and others on various OTT platforms.

published on : 12th March 2022

Government to hold 35.8 per cent stake in Vodafone Idea, dues liability to be converted into equity

Following the decision, the government will hold around 35.8 per cent shares, the promoter shareholders would hold around 28.5 per cent of Vodafone Group and 17.8 per cent Aditya Birla Group.

published on : 11th January 2022

VIL's annualised cash flow shortfall estimated at USD 3.1 bn without policy pill, rate hike: Report

Vodafone Idea's Q1 FY22 results were fraught with challenges from the second wave of COVID-19, which led to a steeper-than-peers decline in subscriber base as well as average revenue per user.

published on : 17th August 2021

K M Birla offers to hand over Vodafone Idea stake to government

Vodaphone Idea's gross debt, including deferred spectrum payment obligations and debts from banks and financial institutions barring lease liabilities, stood at Rs 1,80,310 crore as of March 31, 2021.

published on : 2nd August 2021