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Grasim challenges Rs.5,872 crore income-tax demand before Bombay HC

Tuesday, March 26, 2019, 7:14 PM

Grasim Industries said it has challenged the Rs.5,872 crore income tax demand over its merger with Aditya Birla Nuvo and Aditya Birla Financial Services, before the Bombay High Court. The textile company contended before the court that the tax demand order was "wholly unsustainable in law". The court has granted a stay against the recovery, it added.
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Vodafone Idea plans Rs 20,000 crore network investment over next 15 mths

Monday, February 11, 2019, 7:58 AM

The country's largest telecom firm Vodafone Idea is planning to invest around Rs.20,000Cr in networks over the next 15-months, according to company officials. The company is also planning to raise Rs.25,000Cr through rights issue, in which the promoter shareholders Vodafone Group and Aditya Birla Group have reiterated to board that they intend to contribute up to Rs.11,000Cr and Rs.7,250Cr, respectively as-part-of such rights issue.
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Vodafone-Idea largest telco in India beats Airtel

Friday, August 31, 2018, 3:13 PM

After getting clearance from the National Company Law Tribunal, Aditya Birla Group announced that Vodafone India and Idea Cellular have completed the merger to replace Airtel as India's largest telecom company. The combined entity boasts of 408 million active subscribers with a 32.2% revenue market share. Vodafone and Idea will continue to operate independently post the merger.

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