In the 25 years, at the helm of the Group, he has accelerated growth, built meritocracy and enhanced stakeholder value. Birla has been the architect of over 40 successful acquisitions by the Group in India and abroad, the highest by any Indian multinational.
Birla has restructured the businesses to emerge as a global leader in the sectors in which the Group operates. Under his stewardship, the Aditya Birla Group enjoys a position of leadership in all the major sectors in which it operates— from cement to chemicals, metals to textiles and fashion to financial services.
Anchored by an extraordinary force of , employees belonging to different nationalities, over the years Mr. Birla has built a highly successful meritocratic organisation. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage.
ET Secure IT. Vodafone Idea is reportedly in talks with SBI for a loan lifeline The government-owned lender has asked Vodafone Idea to present a detailed plan on their financial viability including equity infusion from the largest shareholders, cash conservation plans, tariff outlook and a road map to return to profits.
Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List , which had HCL's Shiv Nadar at second place with contributions of Rs 1, crore towards upliftment causes. Can India reform its telecom market and save Vodafone Idea in the process?
All News Videos Photos. Govt option? Part telco interest dues as equity The proposal being discussed includes extending the moratorium on spectrum payments for companies by a few years, and thereafter convert the interest portion — to be charged to maintain the net present value NPV of the outstanding — into equity, while the companies are be mandated to pay back the principal in its entirety, sources said.
VIL flags industry's unsustainable financial duress; hopes for Govt support Chairman Himanshu Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments. Kumar Mangalam Birla meets Telecom Minister amid buzz of relief package for sector It was not immediately clear what transpired at the meeting, but it comes in the backdrop of the Department of Telecommunications DoT and the finance ministry readying a relief package for the telecom sector.
Hindalco continues to see strong demand across all business segments In his address to shareholders at the 62nd Annual General Meeting, Birla said that despite the pandemic-induced volatility in the business environment, Hindalco marked some significant milestones.
UltraTech to invest Rs 6, crore to increase cement making capacities by Indian economy rapidly normalising towards pre-pandemic levels: Kumar Mangalam Birla Various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla said. Govt wants Vodafone Idea promoters to infuse capital before lifeline The government wants promoters of the beleaguered Vodafone Idea — Vodafone Group Plc of the UK and Aditya Birla Group ABG — to show their commitment to the India telecom operations by infusing equity, as the government prepares a relief package for the debt-laden more.
Voda Idea shares fall on back of poor results, viability concerns The third largest operator on Saturday reiterated its viability concerns unless it manages to raise funds, which in turn depends on the status of statutory dues that it owes the government, and also on other factors such as negotiations with lenders on better terms for repayment. Voda Idea Q1 net loss widens to Rs Kesoram likely to offer hefty discount in proposed rights offer to reward shareholders The company has now decided to drop the preferential issue to promoters and instead go for Rs crore rights offer in a single shot in the overall Rs crore raising plan to make Rs 1, crore debt from PE funds serviceable.
Its recommendations were path breaking and became the basis of corporate governance norms. Birla is deeply engaged with educational institutions. On the global arena, Mr. In , Mr. Birla, marking the largest ever endowed scholarship gift to a European Business School. A firm practitioner of the trusteeship concept, Mr. Birla has institutionalised the concept of caring and giving at the Aditya Birla Group. With his mandate, the Group is involved in meaningful welfare driven activities that distinctively impact the quality of life of weaker sections of society around the world.
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