MUMBAI: At $460 billion, business interests of the country’s three wealthiest families’ put together are worth as much as Singapore’s GDP.With Rs 25.8 lakh crore ($309 billion), Ambani family ranks first in the Barclays Private Clients Hurun India most valuable family businesses list. They are followed by the Bajaj family, headed by Niraj Bajaj, which…
New Delhi: The Aditya Birla Group on Friday launched a jewellery retail brand, Indriya, that directly pits it against the Tata Group‘s Tanishq and the Reliance Group‘s Reliance Jewels, and other national chains such as Kalyan Jewellers and Joyalukkas. The conglomerate with business interests spanning metals and cement to financial services and fashion is entering…
Billionaire Kumar Mangalam Birla‘s Hindalco Industries is considering seeking about $1.2 billion in a planned IPO of US aluminium products maker Novelis, people familiar with the matter said, in what could be one of the year’s biggest share sales.Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said. The group…
Representative Image Aditya Birla Group‘s jewellery business under the brand name ‘Novel Jewels Ltd’ will start its operations this July, ET Now claimed quoting its sources. The company last June had announced its intention to get into the retail jewellery business with investment of around Rs. 5000 crore. The company had then said that the…
