Aditya Birla Group

Aditya Birla Health Insurance launches #JumpForHealth

Aditya Birla Health Insurance

New Delhi [India], Apr 8 : Aditya Birla Health Insurance Company Ltd. (ABHICL) launched a unique campaign '#JumpForHealth' on the occasion of World Health Day to reinforce its belief in empowering people to live a healthy lifestyle.

Through the JumpForHealth initiative, Aditya Birla Health Insurance is creating a movement that will get people up and on their feet through the power of jumping.

The month long campaign, starting from April 07, 2017, aims to donate one prosthetic leg to a person in need for every 10,000 jumps in association with the Sadhu Vaswani Foundation. A total of 100 prosthetic legs will be donated to people in need on achieving one million jumps.

Ambanis, Birlas, Mittal among 113 vying to be niche banks

Mumbai - At least 113 entities, including top corporates such as RIL, Aditya Birla Group, Airtel, Vodafone and Future Group, have approached the RBI to seek licences for setting up payment or small finance banks.

"72 applications for Small Finance Banks and 41 applications for Payments Banks were received up to the deadline for submission yesterday," RBI Governor Raghuram Rajan said during a bi-monthly monetary policy review.

Indicating that the final tally may increase, he said "this number excludes applications that might have been received at other venues".

Kumar Mangalam Birla resigns from RBI board

Kumar-Mangalam-BirlaMumbai, July 23 : Aditya Birla Group chairman Kumar Mangalam Birla has resigned from the Reserve Bank of India (RBI) board to avoid any conflict of interest as one of his group firm is in the race for a new banking licence, a company spokesperson said Tuesday.

IANS had first reported the issue of possible conflict of interest earlier this month after group firm Adiya Birla Nuvo applied for a new banking licence.

Birla was a member of the RBI's central board, the apex policy making body of the country's central bank.

CCI turns down request for approval for Birla-Pantaloon deal

CCI turns down request for approval for Birla-Pantaloon dealThe Competition Commission of India (CCI) has said that the application for the approval of Aditya Birla Group's bid to acquire a majority stake in the Pantaloons retail chain.

A spokesperson for CCI said that the application was not accepted only on technical grounds and asserted that the deal was not blocked due to any violation of competition law. The deal hit a roadblock when the CCI asked the two companies to get an approval from their board of directors for the acquisition.

Apicorp offloads 12% stake in ACBC to India’s Aditya Birla Group

Aditya-Birla-GroupArab Petroleum Investment Corporation (Apicorp), the multilateral development bank of the Organisation of Arab Petroleum Exporting Countries (Oapec) has started its disinvestment plans and has decided to sell its 12 per cent stakes in Egypt-based Alexandria Carbon Black Company (ACBC) founded in 1993, to India based Aditya Birla Group which owns majority stakes in the firm.

The board of Arab Petroleum Investment Corporation has already approved the move in its meeting held on December 26, 2010.

Aditya Birla Group has high hopes

Aditya Birla Group Aditya Birla group chairman, Kumar Manglam Birla in Kolkata addressing the 28th Annual National Conference of National Institute of Personnel Management on 'India Inc: Alignment of Business, HR & Technology' said that his company hopes to become a $65-billion conglomerate by the calendar year 2015.

The management targets to become a fortune 500 company and achieve a target turnover of $30 billion by the year 2010, a target which they achieved 2 years before the deadline in 2008 only. Current $35 billion conglomerate, the group aims to raise the figure $65 billion in the coming 5 years.

Aditya Birla Group Targets Earnings Worth $65 Billion By 2015

Aditya Birla Group Targets Earnings Worth $65 Billion By 2015The Aditya Birla Group plans to touch its earnings to $65-billion by 2015 as quoted by group Chairman Kumar Mangalam Birla on Thursday. He said that in 2008, the group had a turnover of $30 billion and also became a Fortune 500 company. And this was accomplished two years ahead of schedule.

At present, the company’s 50% income comes from its overseas operations.

The group boasts of 1.3 lakh employees in 25 countries.

Aditya Birla Nuvo, Aditya Birla Retail, Birla Sun Life Insurance, Grasim, Hindalco, Idea

Idea Cellular to invest Rs.4,500 crore on expansion

Idea Cellular to invest Rs.4,500 crore on expansionKolkata, Oct 27 : Idea Cellular, the Aditya Birla Group's telecom arm, will pump in around Rs. 4,500 crore this fiscal for expanding operations to cover all the 22 telecom circles in the country, the company said here Tuesday.

"We now have presence in 20 circles. We will soon launch operations in Assam and the North-east to make our presence felt in all 22 telecom circles," Idea's operations director Ambrish Jain told reporters.    

Aditya Birla Group inks MoU with Orissa Government

ABG.jpgThe Aditya Birla group, a Mumbai-based multinational conglomerate, today signed a MoU with Orissa government for setting up of a 10 MTPA capacity sea port on Build Own Operate (BOO) basis in Bhadrak district at an investment of Rs 1500 crore.

The port, which will be established at Chudamani in Bhadrak district, would have 3 three million tons per annum (MTPA) in the first phase. The port will be further expanded to 10 mtpa.

According to an official release, the port will have two berths, and will handle bulk cargo such as cement, aluminum, iron ore, thermal coal, limestone, gypsum, clinker and copper.

Birla plans to increase stakes in Hindalco

Birla plans to increase stakes in HindalcoAditya Birla Group has been working out plans to increase its shareholdings in leading aluminium producer, Hindalco Industry. Kumar Mangalam Birla, the Chairman of group, addressing the annual general meet, said that shares would be purchased from the open market. However, he refused to divulge details pertaining to quantum of shares the firm wishes to purchase and the time-frame to carry out the transaction.




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