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aditya birla group

Meta hires Vikas Purohit as Head of Global Business Group in India

Meta appointed Vikas Purohit as the Director of Global Business Group for its India operations.Purohit will report to Arun Srinivas, Director and Head of Ads Business for Meta in the country.He will spearhead the company's strategic relationship with the country's leading brands and agencies to drive Meta's revenue growth across key channels in India, the company said in a statement."India's largest businesses and agencies are playing a crucial role in the country's expanding digital economy and are building innovative…

Hindalco, Phinergy of Israel and IOP Will Jointly Develop Cutting-Edge Aluminium-Air Batteries for EVs

The Aditya Birla Group company Hindalco Industries, which produces aluminium, has partnered with Israeli battery producer Phinergy and IOP, a joint venture between Indian Oil Corporation and Phinergy, to create aluminium-air batteries for electric vehicles (EVs). According to a statement released by Hindalco, Phinergy and IOP will collaborate exclusively with the Aditya Birla Group company in India on research and development, pilot production, and recycling of aluminium once it has been used in aluminium-air batteries.…

VIL to seek shareholders’ nod to raise Rs 436 crore from Vodafone on Jul 15

Debt-ridden telecom operator Vodafone Idea will seek shareholders' nod to raise Rs 436 crore from its promoter group Vodafone in an extraordinary general meeting to be held on July 15, the company said in a regulatory filing. Vodafone Idea (VIL) promoters - Vodafone Group and Aditya Birla Group-jointly hold a 74.99 per cent stake in the company. "...the consent of the members of the company be and is hereby accorded to offer, issue and allot from time to time in one or more tranches either up to 42,76,56,421 equity shares…

Vi Approves Up to Rs. 14,500-Crore Fundraising, Promoters to Inject Rs. 4,500 Crore

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches.In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration…