Kumar Mangalam Birla
Fashion & Lifestyle
Aditya Birla Group to foray into branded jewellery retail business; to invest Rs 5,000 crore
PTI -
The new venture, Novel Jewels, will build large-format exclusive jewellery retail stores across India, with in-house jewellery brands
New Delhi: Leading business conglomerate Aditya Birla Group on Tuesday said it is foraying into the branded jewellery retail business with an...
Big Grid
ABFRL picks up 33.5% stake in Tarun Tahiliani brand to enter men’s premium ethnicwear segment
India's leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India's ace designer Ta run Tahiliani to form a new entity that will soon launch a contemporary men's ethnic wear brand. The new...
Fashion
Flipkart to acquire 7.8 pc stake in Aditya Birla Fashion for Rs 1,500 cr
IANS -
Flipkart Investments will pick up 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore.
The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies...
Fashion
Aditya Birla Group to invest Rs 15,000 crore in Gujarat over 3 years
Aditya Birla Group plans to invest Rs 15,000 crore in Gujarat over the next three years on capacity expansion and setting up of new units, its Chairman Kumar Mangalam Birla Friday said.
According to a PTI report: The group will...
Fashion & Lifestyle
Aditya Birla Group launches new age fabric LIVA Crème
LIVA Crème, the new age fabric from the Aditya Birla Group, was launched by Kumar Mangalam Birla, Chairman, Aditya Birla Group. Liva Crème fabric – a new variant of Liva fabric – offers consumers the luxurious soft feel which...
Retail
Aditya Birla Group all set to invest Rs 7,000 crore in Andhra Pradesh
Aditya Birla Group plans to invest Rs 7,000 crore in the next two years in Andhra Pradesh on expanding existing businesses, Chairman Kumar Mangalam Birla said.
The conglomerate already has investments of Rs 10,000 crore in the state across sectors...
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...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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