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Lalit Modi says his proposal for the IPL to be an independent company, not a subsidiary of the BCCI, was turned down. Lalit Modi, the former IPL chairman, has revealed that he had proposed making the league an independent entity - an idea he believes would have turned it into an "ecosystem unto itself" today. However, the proposal was rejected, and Modi says he will reveal the original constitution in the future. According to various reports, the IPL is now counted among the world's richest le ...Read More >
Gandhinagar, April 8 (SocialNews.XYZ) Capital commitments to funds operating from Gujarat International Finance Tec-City (GIFT City) have climbed to USD 32.13 billion as of December 2025, rising nearly 60-fold from less than USD 0.5 billion in March 2020, in a sign of the rapid scaling up of India's offshore financial services hub. The expansion is mirrored in the growing number of participants. Fund Management Entities (FMEs) in the international financial centre have increased from eight in M ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Gujarat International Finance Tec-City (GIFT City), on Wednesday, told that its fund management ecosystem scaled sharply over five years, with capital commitments surging 60-fold from less than $0.5 billion in March 2020 to $32.13 billion as of December 2025. The number of Fund Management Entities (FMEs) operating in the International Financial Services Centre increased from 8 in March 2020 to 202 at present, representing a 25-fold growth. GIFT City-base ...Read More >
Birla Estates booked over ₹1600 crore from Phase 2 of luxury project Birla Arika in Gurugram, selling 97% units, highlighting strong premium housing demand in NCRBirla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd., has recorded over ₹1,600 crore in bookings within a month of launching Phase 2 of its luxury residential project, Birla Arika, in Gurugram. In a press release filed with the exchanges on Tuesday, April 7, the company said nearly 97% of the inventory -- 152 ou ...Read More >
The 2026 edition of the Indian Premier League caravan set off on March 28 in Bengaluru in grand fashion. The 2026 season of the Indian Premier League got underway at the M Chinnaswamy Stadium in Bengaluru on March 28 as defending champions Royal Challengers Bengaluru scripted a historic chase against Sunrisers Hyderabad. RCB have made a perfect start to their season and to the new reign under new owners as a consortium of Aditya Birla Group, Times Group, Bolt Ventures, and Blackstone bought off ...Read More >
Mumbai: Aditya Birla Capital has moved a step closer to strengthening its housing finance arm, after securing a critical regulatory nod for a major capital infusion. Aditya Birla Capital Limited confirmed that the Competition Commission of India has approved its proposed Rs 2,750 crore primary investment in Aditya Birla Housing Finance Limited. The approval, granted via a letter dated April 7, 2026, enables the company to proceed with the transaction under the Competition Act, 2002. This marks ...Read More >
New Delhi (ABC Live): Competition approvals in India are often delivered in dry, technical language. This one does too. On April 7, 2026, PIB said CCI approved the acquisition by Indriya Ltd. of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. through a preferential issue on a private placement basis, calculated on a fully diluted, post-issue basis. PIB also described the acquirer as an investment holding company with no current operations in India. In contrast, it describ ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday approved Advent International's proposal to pick up a 14.3% stake in Aditya Birla Housing Finance. In February, the boards of Aditya Birla Capital and its subsidiary Aditya Birla Housing Finance (ABHFL) had cleared a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL from Indriya, an Advent International entity. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a priv ...Read More >
Mumbai (Maharashtra) [India], April 3: Over 200+ HR professionals, CXOs, and business leaders gathered on March 28 for the SRIF HR Summit 2026 at Vijay Patil School of Management, Nerul, Navi Mumbai -- a full-day forum on the future of hiring, workforce strategy, and the governance of artificial intelligence in HR. Also Read | Kerala Lottery Result Today 3 PM Live: Suvarna Keralam SK-47 Lottery Result of April 3, 2026, Watch Lucky Draw Winner List. The SRIF-HR-SUMMIT-2026 was organised by the ...Read More >
PNN Mumbai (Maharashtra) [India], April 3: Over 200+ HR professionals, CXOs, and business leaders gathered on March 28 for the SRIF HR Summit 2026 at Vijay Patil School of Management, Nerul, Navi Mumbai -- a full-day forum on the future of hiring, workforce strategy, and the governance of artificial intelligence in HR. The SRIF-HR-SUMMIT-2026 was organised by the SRF Staffing and Recruitment Industry Federation (SRIF), the summit was powered by Vijay Patil School of Management and supported by ...Read More >
Hyderabad: Cyberpolice arrested a fraudster, who duped a victim to the tune of ₹32 lakh, from his house in Mumbai. He was linked to a Chinese national, who is the kingpin of crypto fraud.According to cybercrime DCP V. Arvind Babu, Ansari Mohammed Umar Murad alias Umar had cheated several people in online trading. "We received a complaint from a person who fell victim to an investment fraud."The victim said he clicked on the advertisement that purportedly claimed to be of the Aditya Birla Group. ...Read More >
New Delhi, Dec 16 (PTI) The initial public offering of ICICI Prudential Asset Management Company Ltd, an arm of the ICICI Bank, received 39.17 times subscription on the final day of bidding on Tuesday, led by heavy demand from institutional buyers. The Rs 10,602.65-crore IPO received bids for 1,37,14,88,316 shares against 3,50,15,691 shares on offer, according to details available with the NSE. The Qualified Institutional Buyers (QIBs) category fetched 123.87 times subscription, while the quot ...Read More >
Inox Wind's shares are expected to see activity following a new 100-MW order from Jakson Green. This follows a recent 102.3-MW order from ABREL EPC. These orders could significantly boost the company's order book. Inox Wind recently reported its strongest second-quarter results, showing improved execution and profitability. The company is well-positioned for future growth. Shares of Inox Wind Ltd are likely to be in focus on Tuesday, December 16, after the company announced a repeat 100-MW orde ...Read More >
GURUGRAM, India, Dec. 16, 2025 /PRNewswire/ -- SGS proudly announces the successful Group Multisite certification of UltraTech Cement Limited, India's largest cement and ready-mix concrete company, for Integrated Management System (ISO 9001, ISO 14001, ISO 45001), Energy Management System (ISO 50001:2018) and standalone certification for Social Accountability (SA 8000). This achievement reflects UltraTech's unwavering commitment to operational excellence, energy efficiency, social responsibilit ...Read More >
Gurugram (Haryana) [India], December 16: SGS proudly announces the successful Group Multisite certification of UltraTech Cement Limited, India's largest cement and ready-mix concrete company, for Integrated Management System (ISO 9001, ISO 14001, ISO 45001), Energy Management System (ISO 50001:2018) and standalone certification for Social Accountability (SA 8000). Also Read | Rajasthan Bomb Threat: Neem Ka Thana Railway Station Gets Threatening Call and Message in Sikar District, No Suspicious ...Read More >
PRNewswire Gurugram (Haryana) [India], December 16: SGS proudly announces the successful Group Multisite certification of UltraTech Cement Limited, India's largest cement and ready-mix concrete company, for Integrated Management System (ISO 9001, ISO 14001, ISO 45001), Energy Management System (ISO 50001:2018) and standalone certification for Social Accountability (SA 8000). This achievement reflects UltraTech's unwavering commitment to operational excellence, energy efficiency, social respons ...Read More >
GURUGRAM, India, Dec. 16, 2025 /PRNewswire/ -- SGS proudly announces the successful Group Multisite certification of UltraTech Cement Limited, India's largest cement and ready-mix concrete company, for Integrated Management System (ISO 9001, ISO 14001, ISO 45001), Energy Management System (ISO 50001:2018) and standalone certification for Social Accountability (SA 8000). This achievement reflects UltraTech's unwavering commitment to operational excellence, energy efficiency, social responsibilit ...Read More >
Mumbai: Mutual fund profitability could come under pressure with the size of assets under management growing, but a fall in unitholders' fees could compensate for this squeeze, said Nimesh Shah, MD and CEO of ICICI Prudential Asset Management Company, whose ₹10,600 crore Initial Public Offer (IPO) is open for subscription. The issue, which will close on December 16 (Tuesday), was subscribed 2.11 times on Monday-- the second day of the offer. "As the size of the fund grows, margins are coming do ...Read More >
Mumbai: Vodafone Idea (Vi) narrowed its net loss for the second straight quarter, aided by an improving subscriber mix of higher-paying 4G/5G users, lower finance costs and a one-time exceptional gain. During the September quarter, Vi's net loss reduced to ₹5,524 crore versus ₹6,608 crore in the previous quarter. While the company has slowed subscriber churn over recent quarters, the third-largest telco continues to lose users to larger rivals Reliance Jio and Bharti Airtel. The joint venture ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
French luxury retailer Galeries Lafayette is set to open its first Indian store in Mumbai. Aditya Birla Fashion and Retail announced the partnership. Plans are underway for a second store in Delhi. The company aims to open stores in at least four major Indian cities within three years. An online platform for Galeries Lafayette is also planned for India. Aditya Birla Fashion and Retail said on Wednesday that French luxury retailer Galeries Lafayette will open its first Indian flagship store in M ...Read More >
Hurun India Rich List 2025: Ambani, Adani, Roshni Nadar Lead Nation's Wealth Surge India's wealth creation engine continues to accelerate, with a record 358 dollar-billionaires and 1,687 individuals worth over ₹1,000 crore, according to the newly released M3M Hurun India Rich List 2025. The 14th edition of the list, compiled by Hurun India in partnership with M3M India, highlights that Mukesh Ambani, 68, chairman of Reliance Industries, has reclaimed his position as India's richest man, with fa ...Read More >
New Delhi: In a major development, Mukesh Ambani-led Reliance Group companies raised about 210 billion rupees ($2.4 billion) through asset-backed securities, according to a Bloomberg report quoting people familiar with the matter. It is important to note that this is one of the largest such deals in India this year. The report further adds that about three-fourths of the issuance was bought by the country's leading asset managers, including Aditya Birla Sun Life Asset Management Co., HDFC Asset ...Read More >
Indian markets saw gains on Friday. Britannia Industries is focusing on localized strategies. Hyundai aims for growth through domestic sales and exports. Alembic Pharma received US FDA EIR. Diamond Power secured a Rs 236 crore order from Adani Energy. GMR Airports reported a passenger traffic decline. RailTel received a Rs 209 crore order. Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. In today's trade, shares of ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Bengaluru -KOGO AI, a leader in Private Agentic AI infrastructure, has won the Accenture Ventures Tech Next Challenge 2025, held at the Accenture Innovation Hub in Bengaluru on August 7. The event, themed "Autonomous AI: The Future is Now," spotlighted groundbreaking autonomous AI solutions. From over 700 global applications, 300 startups advanced to the shortlist, and 15 made it to the finals. Participants were evaluated on solution maturity, originality, market impact, team strength, business ...Read More >
NEW DELHI: Vodafone Idea on Thursday said it is now providing commercial fifth-generation (5G) services in 17 cities nationwide. 'With the latest additions, Vi 5G now spans 17 cities across key circles including Mumbai, Maharashtra, Delhi, Karnataka, Punjab, Bihar, Rajasthan, Haryana, Gujarat and Kerala,' Vi said in a statement. India's third-largest telco recently launched 5G in several cities, including Ahmedabad, Rajkot, Surat, Vadodara, Chhatrapati Sambhajinagar, Nashik, Kozhikode and Mala ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The t ...Read More >
Chennai, Jul 19 (PTI) The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. For the year ended March 31, 2025, the consolidated net loss stood at Rs 143.68 crore, the company said in a regulatory f ...Read More >
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