Kumar Mangalam Birla is spending his way out of a tight spot
Long known to be conservative with cash, the Aditya Birla Group chairman is on an acquisition and expansion spree. A lot of it has to do with the sudden threat to his cement dominance—his pride and joy.
21 August, 2024•11 min
0
21 August, 2024•11 min
0
Getting your Trinity Audio player ready...
More in Business
Business
Dharma at stake: Vedanta’s Anil Agarwal pushes back on Jaypee outcome
Despite a higher offer, creditors chose Gautam Adani’s Adani Enterprises—setting up a courtroom fight that raises questions over the bankruptcy resolution process’s priorities.
You may also like
Business
Jio Financial is learning from Bajaj Finserv and that should worry Aditya Birla Capital
Alongside a decent set of numbers, the Mukesh Ambani-helmed financial services co. has articulated a long-term playbook that could reshape the competitive landscape of financial services.
Business
Is a revival underway at Asian Paints?
The company’s Q2 results show a belated revival in fortunes, suggesting an aggressive growth path in an industry shaken up by Grasim. The latter is feeling the pressure for the first time ever since it launched its paints business in 2024.
Business
Conglomerates, duopolies and domination hamper India
The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.