Kumar Mangalam Birla

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

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

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

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

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

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...

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

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

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.

Indian Billionaires Adding Phone Airwaves Can't Save Auction: Foreign Media

Siddharth Philip, Bloomberg | Friday October 7, 2016

India raised Rs 65,789 crore ($9.9 billion) in an auction of airwaves, a fraction of the Rs 5.6 lakh crore that the government had sought.

Aditya Birla Group To Employ 12,000 In Next 3 Years

Press Trust of India | Wednesday September 28, 2016

The diversified Aditya Birla Group will employ around 12,000 entry-level staffers in the next three years, its Chairman Kumar Mangalam Birla said on Wednesday.

Short-Term Outlook Challenging For Hindalco: Kumar Mangalam Birla

Press Trust of India | Wednesday September 14, 2016

Hit by oversupply and depressed prices of metals, the outlook for leading aluminium and copper producer Hindalco is "challenging" in the short term, its chairman Kumar Mangalam Birla said on Wednesday.

AB Nuvo-Grasim Deal Not In Public Shareholders' Best Interests: Report

Press Trust on India | Wednesday August 17, 2016

According to InGovern, partial demerger seems to have been "undertaken to with an intent to retain higher control while having low beneficial interest".

AB Nuvo, Grasim Extend Losses, Over Rs 10,000 Crore Market Cap Shaved Off

Varun Sinha | Tuesday August 16, 2016

Billionaire Kumar Mangalam Birla's decision to merge Grasim Industries and AB Nuvo, the two subsidiaries of Aditya Birla Group, has not got down well with investors. AB Nuvo shares, which had crashed 25 per cent on Friday, resumed their downward journey today, falling over 6 per cent.

Aditya Birla To Spin Off Financial Services In Group Restructuring

Reuters | Thursday August 11, 2016

Conglomerate Aditya Birla Group plans to merge its subsidiaries Grasim Industries Ltd and Aditya Birla Nuvo Ltd through a stock swap and spin off its financial services business, it said on Thursday.

Aditya Birla Nuvo, Grasim Industries To Merge

Press Trust of India | Thursday August 11, 2016

In yet another consolidation exercise, the $41-billion Aditya Birla Group on Thursday announced plans to merge Aditya Birla Nuvo with Grasim Industries to create a nearly Rs 60,000-crore diversified entity that will be among the largest in India.

Kumar Mangalam Birla, Other India Inc Chiefs May Head IIT Boards: Report

Press Trust of India | Friday January 15, 2016

As it aims to "strengthen the partnership between industry and academia", the Human Resource Development Ministry is understood to have contemplating appointment of leading business captains as chairpersons of boards of governors of the prestigious Indian Institutes of Technology (IITs).

Pawan Munjal Highest Paid Director, Made Rs 44 Crore: Report

Press Trust of India | Thursday November 26, 2015

Among others in the top 10 are Bharti Airtel's Sunil Bharti Mittal (Rs 27.18 crore), Vinita Gupta, CEO of Lupin (Rs 24.86 crore), Hindalco MD D Bhattacharya (Rs 21.59 crore), TCS MD N Chandrasekaran (Rs 21.28 crore) and Ultratech Cement's Kumar Mangalam Birla (Rs 19.04 crore).

Century Textiles Q2 Loss at Rs 24 Crore; K M Birla Becomes Vice Chairman

Press Trust of India | Friday October 30, 2015

Century Textiles and Industries on Friday reported a standalone loss of Rs 24.26 crore in the second quarter ended September 30, due to higher finance cost.

Court Defers Hearing in Coal Case Involving Former PM Manmohan Singh

India News | Indo-Asian News Service | Wednesday October 28, 2015

A special court in New Delhi today deferred hearing in a coal block allocation case in which former prime minister Manmohan Singh was issued summons.

Proposal on Compensating Users for Call Drops by October 15: Regulator

Press Trust of India | Thursday October 1, 2015

The Telecom Regulatory Authority of India (TRAI) will come out with recommendations on compensating consumers for call drops by October 15 while it will also release a service paper in the next few days listing reasons behind the menace.

Why Hindalco Shares Are Down 6% Today

NDTV | Tuesday September 22, 2015

Hindalco shares fell over 4 per cent to hit an intraday low of Rs 74.85 on Tuesday. The stock underperformed the metals sub-index on the Bombay Stock Exchange, which traded 1 per cent lower.

ABCL Acquires Jayshree Chemicals Chlor-Alkali Division

Press Trust of India | Monday September 21, 2015

Aditya Birla Chemicals Ltd (ABCL) on Monday said the company has completed the acquisition of the chlor-alkali division of Jayshree Chemicals Ltd.

Hindalco to be Probed by CBI for 'Paying Cash for Clearances': Sources

India News | Written by A Vaidyanathan | Monday September 21, 2015

Hindalco owned by the Aditya Birla group is likely to face an investigation for allegedly paying money to secure environmental clearance.

Industrialist Cyrus Poonawalla Buys Mumbai Lincoln House for Rs 750 Crore

Mumbai News | Press Trust of India | Monday September 14, 2015

Bulge-bracket property deals by the rich and the famous are not new to the land-starved megapolis, but the weekend sale of the iconic Lincoln House in Mumbai to the Pune-based industrialist Cyrus Poonawalla for Rs 750 crore is nothing but mind-boggling.

Kumar Managalam Birla Buys Iconic Jatia House for Rs 425 Crore

Press Trust of India | Tuesday September 8, 2015

The deal is considered to be highest ever as the property has been bought for personal-use, industry experts said.

Make Economy Bulletproof from Global Jitters, Say Tycoons to PM Modi: 10 Developments

NDTV | Tuesday September 8, 2015

Prime Minister Narendra Modi met captains of industry and leading economists at his Race Course Road residence today to brainstorm on how India can manage the turbulence in global markets and opportunities for it in China's market and growth crisis.

Costliest Bungalow: Kumar Mangalam Birla Buys Jatia House for Rs 425 cr

Mumbai News | mid-day.com | Tuesday September 8, 2015

The iconic Jatia House in Malabar Hill, which was on the block for quite some time, has not only finally been sold, it has set a new record in the process.

Aditya Birla Group's Revenue Crosses Rs 2.5 Lakh Crore

Press Trust of India | Sunday August 30, 2015

Global operations accounted for more than 50 per cent of the group's revenues, which rose by 8 per cent in the US dollar terms as well to $41 billion "regardless of ups and downs in foreign currency", Mr Birla added.

UltraTech to Expand Capacity by March 2016: K M Birla

Press Trust of India | Friday August 28, 2015

The Company augmented its captive power capacity with the commissioning of 50 MW of thermal power plants and 22.5 MW through waste heat recovery.