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Aditya Birla Fashion doubles down on TMRW, chases scale over profits
TMRW is betting on offline expansion, AI-led operations, and quick commerce to scale profitably, even as skepticism grows around India’s house-of-brands model and ABFRL faces earnings pressure.
Selling at higher levels turns 23,800 into key barrier for Nifty: Analysts
Benchmark Nifty closed lower last week. Analysts anticipate continued range-bound trading for Nifty this week. Trading strategies suggest buying on dips and selling on rallies within the 23,800-23,200 range. Specific stock recommendations include Indus Towers, Samvardhana Motherson International, Aditya Birla Capital, Sun Pharmaceutical Industries, and Arvind Limited. Investors are advised to consider these opportunities.
Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
Vodafone Idea Fundraising: Aditya Birla Group Commits $500M Infusion
The Average Revenue Per User increased to Rs Rs. 190 from Rs. 175.
See long-term opportunity in auto parts, aerospace and chemicals: AB Sun Life AMC’s Harish Krishnan
Harish Krishnan of Aditya Birla Sun Life AMC said the rupee’s sharp fall may be nearing its final phase as the government and RBI step up stabilisation measures. He highlighted engineering exports, chemicals, aerospace and IT services as long-term investment themes, while cautioning that margin pressure from rising input costs could continue over the next two quarters.
Exclusive: Promoter-backed fund raise on cards for AB Capital
Source told CNBC-TV18 that Aditya Birla Capital may soon raise ₹4000-₹5000 crore via preferential issue and QIP with promoter and institutional participation. Vodafone Idea to also consider fundraise on May 16.
Aditya Birla group, KKR left in race for Sprng Energy
Aditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negotiate with the top two contenders next week. India's National Investment and Infrastructure Fund and Actis are out of the running. The deal could be worth around $2 billion. Shell is reviewing strategic options for Sprng Energy.
Vodafone Idea climbs on reports of fresh promoter-led capital infusion
Vodafone Idea jumped 7.23% to Rs 12.75 amid reports that the telecom operator may receive fresh promoter-led capital infusion led by chairman Kumar Mangalam Birla.
Vodafone Idea shares gain 7% as board to consider preferential fundraise on May 16
Vodafone Idea is expected to receive a fresh round of promoter-led capital infusion, with non-executive chairman Kumar Mangalam Birla expected to spearhead the funding exercise.
Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?
Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors eyeing a turnaround play.
Aditya Birla Health bets on wellness incentives to improve claims ratios
Aditya Birla Health wants to reward healthier customers, nudge those on the edge to be more consistent, and, lastly, intervene with high-risk customers to help them manage their health.