The Aditya Birla Group has launched its jewellery brand ‘Indriya’, entering the competitive Rs 6.7 lakh crore Indian jewellery market. Aiming for a top three position within five years, the group will compete with established players like Tata’s Tanishq and Reliance Jewels. The group plans to invest Rs 5,000 crore to build a nationwide retail network.
The successful completion of Vodafone Idea’s 18,000-crore follow-on public offer (FPO) marks a significant turning point for the Indian telecom industry, according to Aditya Birla Group chairman Kumar Mangalam Birla. Calling Vodafone Idea a ‘national asset,’ Birla expressed his belief that the company is well-positioned for a smart turnaround with the support of the funds raised and continued backing from banks.
