Kumar Mangalam Birla

Vodafone-Idea Merger: Kumar Mangalam Birla to Be Non-Executive Chairman of New Entity

Indo-Asian News Service | Friday March 23, 2018

Current Chief Operating Officer of Vodafone India Balesh Sharma will become the Chief Executive of the combined business post merger.

Vodafone-Idea Merger: CEO Balesh Sharma To Lead India's Largest Telecom Chaired By Kumar Mangalam Birla

Business | NDTV Profit Team | Friday March 23, 2018

Vodafone Group Plc and Idea Cellular on Thursday announced the proposed leadership team of the combined business, which will come into effect after the Vodafone-Idea Cellular merger has been completed. This is in line with the original merger announcement of 20 March 2017, which said that the management team of the combined business would be confir...

Idea Cellular To Raise Rs 3,250 Crore From Promoter Aditya Birla Group

Business | PressTrust of India | Thursday January 4, 2018

The Idea Cellular shares will be issued to entities under Aditya Birla Group that include Birla TMT Holdings, Elaine Investments (Singapore), Oriana Investments (Singapore), Surya Kiran Investments (Singapore)

Billionaire Birla Says PM Modi Needs Time to Spark Investment

India News | Bhuma Shrivastava | Siddharth Philip | BLOOMBERG | Friday October 13, 2017

Kumar Mangalam Birla, who controls the $41 billion Aditya Birla Group, says steps by Prime Minister Narendra Modi to revive growth in the economy will take more time as companies rein in investment for at least one more year.

Fittest 3 Will Survive, Says Kumar Mangalam Birla As Telecom Wars Worsen

Business | Bhuma Shrivastava, Bloomberg | Thursday October 12, 2017

India's mobile operators have seen revenue plummet and debt soar after last year's launch of Reliance Jio Infocomm Ltd.

Mukesh Ambani, Sunil Bharti Mittal At India Mobile Congress: Highlights

India News | NDTV News Desk | Wednesday September 27, 2017

Reliance Jio Chairman Mukesh Ambani is sharing the stage with other telecom czars Sunil Bharti Mittal of Airtel and Kumar Mangalam Birla of Idea Cellular at the India Mobile Congress. The three-day event, which starts today, Vodafone Chief Vittorio Colao will not be present in person, but will join other telecom leaders for the inaugural session th...

Professor Errol D'souza Appointed IIM Ahmedabad Director-In-Charge

Education | Edited by Shihabudeen Kunju S | Wednesday August 30, 2017

Kumar Mangalam Birla, Chairman of the Board - Indian Institute of Management (IIM) Ahmedabad Society today announced the appointment of Professor Errol D'Souza as Director-in charge, IIM Ahmedabad.

Kumar Mangalam Birla Took Rs 22.50 Crore Salary From Ultratech In FY17

Business | Press Trust of India | Friday July 7, 2017

Mr Birla's remuneration from Ultratech last fiscal saw an increase of 18.2 per cent from the previous financial year.

From 13 Crore To 3 Lakh: Kumar Mangalam Birla Takes Big Pay Cut At Idea

Business | NDTV Profit Team | Friday June 9, 2017

Indian telecom market is seeing intensified competition following the entry late last year of Reliance Industries' Jio Infocomm

Reliance Jio Free Offers Sparked Unprecedented Disruption in Telecom: Kumar Mangalam Birla

Press Trust of India | Friday June 9, 2017

Without naming Reliance Jio, Kumar Mangalam Birla in a letter to shareholders of Idea Cellular said flourishing telecom industry witnessed a 2 percent decline in annual revenues in 2016-17 fiscal.

'Jio' Free Offers Sparked Unprecedented Disruption: Kumar Mangalam Birla

Business | Press Trust of India | Thursday June 8, 2017

Mr Birla said that the recovery is expected in 2017-18 with the new entrant starting to charge for its services, "albeit very slowly".

Aditya Birla Group Gets RBI Licence To Start Payments Bank

Business | Press Trust of India | Tuesday April 4, 2017

Headed by Kumar Mangalam Birla, the group's outfit Aditya Birla Nuvo had set up a 51:49 joint venture -- Aditya Birla Idea Payments Bank Ltd -- with telecom major Idea Cellular to launch payments bank services in the country.

Birla Says No Major Downsizing After Merger With Vodafone: 10 Points

Business | NDTV News Desk | Monday March 20, 2017

Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...

Opinion: Pumped-Up Mukesh Ambani Is Ready To Pounce On Indian Rivals: Foreign Media

Business | Andy Mukherjee, Bloomberg Gadfly | Tuesday December 27, 2016

Ambani has all but completed massive investments in his petrochemicals empire, whose cash flows give him the firepower to promote and expand his new fourth-generation mobile service.

Aditya Birla Group To Invest Rs 20,000 Crore In Madhya Pradesh

Business | Press Trust of India | Saturday October 22, 2016

Aditya Birla Group Chairman Kumar Mangalam Birla pledged an investment of Rs 20,000 crore for the state in sectors like retail, telecom and cement.