How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

[ New Delhi: Last week, at the listing of Vodafone Idea’s (Vi) follow-on public offer (FPO), Kumar Mangalam Birla, promoter of Vodafone Idea and chairman of the Aditya Birla Group, said this marked the beginning of Vodafone 2.0. His words indicated that the fresh infusion of capital would herald a new phase in the company’s trajectory.  … Read more

Birla eyes top three slots in financial services business

[ MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla has set an ambitious target for the financial services arm of the conglomerate to be among the top three players in each of its primary businesses – lending, asset management, insurance, and payments. Birla said this during the launch of Aditya Birla Capital Digital’s new direct-to-customer … Read more