Kumar Mangalam Birla
Retail
Aditya Birla Nuvo to merge with Grasim and demerge financial services
IANS -
The $41 billion Aditya Birla group has announced major rejig of its companies involving merger of Aditya Birla Nuvo Ltd with Grasim Industries Ltd and the subsequent demerger and listing of its financial services business through a composite scheme...
Retail
In Pics: Top 10 Retail and Consumer Products Billionaires in India 2016
MIGHTY AND RICH
Despite the Indian economy growing at over 7.5 per cent the top 84 rich in the country lost 20 per cent of their wealth, which was down to $274 billion in 2016, as per the latest ranking...
Fashion & Lifestyle
Kumar Birla to Acquire 16 percent Stake in Century Textiles
Kumar Mangalam Birla will directly purchase a stake of about 16 percent in cement to garments maker Century Textiles and Industries, which he is eventually set to inherit from grandfather Basant Kumar Birla, according to a notice to shareholders.Four...
Retail
New CEO for Aditya Birla group’s retail venture
The Aditya Birla group appointed Thomas Varghese as the new chief executive officer (CEO) of Aditya Birla Retail, replacing Sumant Sinha, who will move out after spending six-and-a-half years with the group. Thomas Varghese is currently senior executive president...
Retail
About Rs 80000 cr investments from Aditya Birla in Orissa
Aditya Birla Group, one of the largest business houses in the country with interests in various sectors including retail and textiles, plans to invest Rs 75,000-Rs 80,000 crore in Orissa.The proposed investment will be made in retail, textiles and...
Retail
Aditya Birla betting big on apparel biz
Aditya Birla Nuvo a subsidy of the Aditya Birla group is betting big on apparel retail business as it is expected to pump in about Rs 400 crore to shift focus from apparel wholesaling to retailing.If industry sources are...
Retail
South City and More in Kolkata
With more than 10 per cent of the fire still being on in Kolkata’s unorganised retail market in Burrabazar, the city, at the same time, is preparing for a big leap in the organised sector with the South City...
Retail
Aditya Birla Retail will roll out More this year
The US$24-billion Aditya Birla Group has declared plans to set up a 1,000-store retail network, minus any JV partnership. The expected investment outlay is Rs 9,000 crore over three years.Group Chairman Kumar Mangalam Birla said the stores will include...
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Latest News
IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr
Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
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