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RAYON BUSINESS
NCLAT sets aside CCI's Rs 301.6-cr penalty on Grasim Industries, directs fresh hearingThe appellate tribunal NCLAT has overturned a Rs 301.6-crore penalty against Grasim Industries. The fair trade regulator CCI must now hear ...- This smallcap penny stock is locked in 20% upper circuit on Birla Group’s exit. Do you own?Kesoram Industries surged 20% after Frontier Warehousing acquired a 42.8% controlling stake through a block deal, marking the Birla family’...
- Birlas exit Kesoram IndustriesKesoram Industries is seeing a change in ownership. Frontier Warehousing Limited is acquiring a controlling stake. This marks the exit of t...
- Kesoram seeks to refinance Rs 1,800 cr of high-cost debtKolkata-based Kesoram has been grappling with high leverage and defaulted on interest payments in January 2020. In an effort to unlock valu...
- This smallcap wiped off 50% from investors’ wealth in 11 sessionsThe smallcap firm is engaged in manufacturing of textiles consisting of fabrics and garments.
- Aditya Birla Nuvo Q4 net profit falls by 1.80%, revenues up to Rs 6425 crorePropelled by the growth in non-banking financial company asset management, telecom, rayon and agri business , its consolidated annual net p...
- Kesoram climbs for fifth day in a row on biz hive offKesoram Industries' rayon business accounts for less than 5 per cent of its total turnover of Rs 4,873 crore as on March 31, 2015. It has a...
- Kesoram Industries to hive off its rayon business to Cygnet Industries for Rs 480 croreThe move is part of the company's strategy to reorganise and realign its existing businesses and assets including tyre and cement.
- Pinky Mehta: From first woman officer to first woman CFO at the Aditya Birla Group"She has the versatile ability to handle multiple roles and willingly accept new challenges," Aditya Birla Group chairman Kumar Mangalam Bi...
- Kesoram Industries Q3 loss widens to Rs 244.60 croreThe company had reported net loss of Rs 88.28 crore in the same period of the previous fiscal, Kesoram Industries said in a BSE filing.
- Danish company Bestseller may file for multi-brand retailBestseller owns the brands Jack & Jones, Vero Moda and Only, which it sells in India through franchisee partner Bombay Rayon Fashion.
- Growth prospects bright but diverse play a valuation hurdle for Aditya Birla NuvoA strong show by telecom firm Idea and also smaller segments such as financial services, rayon yarn and BPO & IT enabled ABNL to post a 5% ...
- Aditya Birla Group companies, Grasim Industries and Thai Rayon Public buys canadian pulp makerAditya Birla Group cos, Grasim Industries and Thai Rayon Public have bought a troubled Terrace Bay Pulp, to fuel the expansion plans of the...
- Ballarpur Industries to simplify corporate structureBilt will transfer 2 paper units to a step-down subsidiary that will ultimately be listed overseas as the Delhi-based co bows to demands by...
- Aditya Birla Nuvo Q4 net profit down 42 pc, plans Rs 650 cr capex in FY 13Aditya Birla Nuvo Ltd today posted 42% decline in consolidated net profit for the fourth quarter ended March 31, 2012 at Rs 170.27 crore, c...
- Birla rejigs fibre, pulp businessSignalling a new thrust to its Rs 8,000 crore viscose staple fibre (VSF) and pulp business, the Aditya Birla Group has undertaken a major g...
- Edelweiss Securities downgrades Bombay RayonEdelweiss Securities has downgraded Bombay Rayon’s stock to ‘accumulate’ from ‘buy’ . Garment sales are estimated to contribute 66% to Bomb...
- Mitsubishi Rayon to buy Britain's Lucite for 1.6 bn dollarsJapan's Mitsubishi Rayon Co. said Tuesday it would acquire British chemical producer Lucite International Group Ltd. in a friendly takeover...
- Aditya Birla group raises stake in Canadian JVAditya Birla Group on Monday said it has increased stake in two Canadian joint venture companies, namely AV Cell Inc and AV Nackawic Inc, f...
- B K Birla to head for another 2 yearsBirla family patriarch B K Birla on Thursday hinted that he might continue to head his group of companies for another two years before pass...
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