Birla Tyre may spin off its under-construction passenger car tyre business into a separate entity in its efforts to induct a strategic partner. The company, which was carved out of Kesoram last year,...

Manjushree Khaitan-led Kesoram Industries is believed to have roped in US-based fund Farallon Capital to inject fresh liquidity in the company. Kesoram, a predominantly cement producer, plans to swap...

Kumar Mangalam Birla continues to remain a “promoter” of Kesoram Industries Ltd, despite writing to market regulator Sebi to change his status to a public shareholder five months ago.The chairman ...

Kumar Mangalam Birla dropped a bombshell on Friday by asking Kesoram Industries Ltd to take him off the list of promoters, severing a family business connection that dates back to his great grandfathe...

Kesoram Industries, the flagship of Birla patriarch Basant Kumar Birla’s corporate empire, seems to be headed for another round of restructuring as mounting debts start to weigh heavy on its balance...

Manjushree Khaitan-led Kesoram Industries Ltd has set an ambitious target to cut debt by Rs 700 crore through the infusion of fresh equity and internal cash generation to bring down interest costs.The...

Birla Group patriarch B.K. Birla passed away in Mumbai on Wednesday his family said. A doyen of the Indian industry, B.K. Birla had been suffering from age-related ailments. B.K. Birla, 98, was the ch...

The board of Kesoram Industries has approved a capital raising plan of up to Rs 1,200 crore by way of a rights issue or preferential share allotment to pare debt and make the balance sheet strong.A co...

Care Ratings has revised downwards the bank loan facilities of Kesoram Industries Ltd because of “significantly higher than envisaged losses” in the first nine months of this fiscal that led to �...

The Securities & Exchange Board of India has set a March 31, 2019, deadline to disclose significant beneficial owners (SBO) of all listed companies, putting into effect a provision of the Companie...