Aditya Birla Group
Industries major Aditya Birla Group has submitted its sixth multi- crore proposal in three years to set up new projects on the 320 acres of the erstwhile Mavoor Gwalior Rayons plant, which was the largest private sector investment in the state. The latest proposal submitted by the Birlas to the state government envisages a Rs [...] Continue Reading »
In a recent announcement, the well-known Peter England menswear brand said that it has efforts underway to launch 100 more exclusive stores during this fiscal year. Peter England is the biggest menswear brand in semi- premium category. The company sells 10 million garments every year — a figure which is chiefly achieved though its sales [...] Continue Reading »
The growth of the retail and the e-commerce sector is directly proportional to the demand in warehouses. Demand for warehousing is estimated to grow at 9 % per annum over the next five years and would require investments of up to Rs 16,000 crore each year till 2019. The chief economist and head of research [...] Continue Reading »
Reliance Industries Ltd (RIL), Tata group and the Aditya Birla group—India’s three biggest conglomerates—have announced new investments or capital expenditure adding up to almost Rs.3 trillion over the next 3-4 years. The corporate spending had reduced during the economic slowdown in the last few years. Others, like the Adani Group and Larsen and Toubro Ltd [...] Continue Reading »
Some people familiar with the developments are saying that the Aditya Birla Private Equity is in talks for the possible purchase of a 6 per cent stake in Adlabs Imagica. This will result the in the valuation of the company to be at Rs1, 667 crore. The deal is a part of a sale of [...] Continue Reading »
Bangalore witness strong private equity interest in real estate The New Year started with a boom for the Bangalore realty market. The realty in the city is attracting private equity investments in the real estate sector. Multiple sources had been quoted as saying that many deals topping $10 million (above Rs 60 crore) have been concluded or [...] Continue Reading »
The real estate fund of Aditya Birla group is thinking of buying 50 percent of stake in a project in Pune which belongs to Ashok Piramal-led realty developer Peninsula Land. The 30 acre township project in Pune is worth more than Rs 230 crore and some parts of it will be sold at around Rs [...] Continue Reading »
Chennai office market has changed in nature as it has shifted from being absolutely IT/ITES dominated to more diversified occupier base. According to a survey by Knight Frank India, emergence of newer sectors have boosted the city’s office market. Although IT/ITES sector continues to be affected by economic constraints, leasing levels should remain firm and [...] Continue Reading »
