Latest news with #AdityaBirla
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Business Standard
a day ago
- Business
- Business Standard
Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar
What's changed in the past five to 10 years is the advent of consumer technology (tech), and today, consumers are using more digital services than physical ones, says Shivakumar premium Surajeet Das Gupta New Delhi Listen to This Article His just-released book, The CEO Mindset, focuses on leadership qualities in a complex world. Shiv Shivakumar, operating partner at Boston-based $500 billion private equity (PE) major Advent International — who has straddled various companies from Hindustan Lever to Aditya Birla group — talks to Surajeet Das Gupta about management challenges and business models. Edited excerpts: What is your assessment of the impact of artificial intelligence (AI) on Corporate India? AI will take out aggregator jobs — for example, the executive who prepares the minutes of board meetings is gone. Most of these roles lie in middle and lower management, but
Economic Times
5 days ago
- Business
- Economic Times
Sky Gold Q1 FY26 profit doubles to Rs 43.6 crore, revenue up 56%
The net profit of listed gold and diamond jewellery manufacturer Sky Gold and Diamonds doubled in the Q1 of FY26 to Rs 43.6 crore from Rs 21.2 crore in the corresponding quarter of FY25. The revenue from operations went up by 56.5 per cent to Rs 1,131 crore from Rs 723 crore in the Q1 of FY25. ADVERTISEMENT Commenting on the result, Mangesh Chauhan, managing director of Sky Gold and Diamonds, said: 'Our Q1 FY26 performance aligns with our vision of building a Rs 7,600 crore enterprise by FY27. We're seeing strong traction in exports, product innovation, and client acquisition. With exports poised to contribute 25% of revenues in the coming two years, our Dubai expansion will position us as one of the leading integrated gold jewellery manufacturers from India." The addition of 18 karat lightweight jewellery in its product portfolio has proven effective as high gold prices have led to customers shifting towards lightweight jewellery, the company said in a release. The company has also added new B2B clients like Aditya Birla's Indriya, Reliance Retail, CaratLane, PN Gadgil, PM Jewellers, Pothys and Vega in Q1 of FY26. These partnerships boost visibility across high-velocity regional company has increased exports from 8% in FY25 to 12% in Q1FY26 and further plans for 25% of export revenue over the next 18-24 months. Middle East, Malaysia and Singapore markets continue to anchor Sky Gold's international company release added that acquisition of the newly incorporated entity is the next step towards a fully functional sales and distribution office in Dubai (UAE) to tap into the Middle East region's rising demand for handcrafted, lightweight jewellery. Dubai is expected to drive Sky Gold's export-led growth roadmap. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Sky Gold Q1 FY26 profit doubles to Rs 43.6 crore, revenue up 56%
The net profit of listed gold and diamond jewellery manufacturer Sky Gold and Diamonds doubled in the Q1 of FY26 to Rs 43.6 crore from Rs 21.2 crore in the corresponding quarter of FY25. The revenue from operations went up by 56.5 per cent to Rs 1,131 crore from Rs 723 crore in the Q1 of FY25. Commenting on the result, Mangesh Chauhan, managing director of Sky Gold and Diamonds, said: 'Our Q1 FY26 performance aligns with our vision of building a Rs 7,600 crore enterprise by FY27. We're seeing strong traction in exports, product innovation, and client acquisition. With exports poised to contribute 25% of revenues in the coming two years, our Dubai expansion will position us as one of the leading integrated gold jewellery manufacturers from India." Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Data Analytics others Artificial Intelligence Finance CXO MBA Others Management Technology Public Policy Design Thinking Digital Marketing Healthcare Product Management Project Management PGDM healthcare Operations Management Cybersecurity Leadership Data Science MCA Degree Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details The addition of 18 karat lightweight jewellery in its product portfolio has proven effective as high gold prices have led to customers shifting towards lightweight jewellery, the company said in a release. The company has also added new B2B clients like Aditya Birla's Indriya, Reliance Retail, CaratLane, PN Gadgil, PM Jewellers, Pothys and Vega in Q1 of FY26. These partnerships boost visibility across high-velocity regional markets. Live Events The company has increased exports from 8% in FY25 to 12% in Q1FY26 and further plans for 25% of export revenue over the next 18-24 months. Middle East, Malaysia and Singapore markets continue to anchor Sky Gold's international strategy. The company release added that acquisition of the newly incorporated entity is the next step towards a fully functional sales and distribution office in Dubai (UAE) to tap into the Middle East region's rising demand for handcrafted, lightweight jewellery. Dubai is expected to drive Sky Gold's export-led growth roadmap.
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Business Standard
5 days ago
- Business
- Business Standard
Aditya Birla Real Estate shares gain 2% post Q1; check details here
Aditya Birla Real Estate share price today: Shares of the Aditya Birla group firm rose over 2 per cent on Thursday, July 24, 2025, logging an intraday high of ₹2,073.90 per share. At 10:40 AM, shares of Aditya Birla Real Estate were trading at ₹2,061.30, up by 2.13 per cent on the National Stock Exchange. In comparison, NSE Nifty was trading lower, down by 50 points or 0.2 per cent, quoting 25,169.55 level. The total market capitalisation of the company stood at ₹23,023.83 crore. Why were Aditya Birla Real Estate shares buzzing in trade? The real estate arm of the Aditya Birla group reported a loss (attributable to owners of the company) of ₹25.47 crore for the first quarter of financial year 2025-2026 (Q1FY26), as compared to a profit of ₹7.78 crore recorded in the corresponding period of the previous fiscal year. However, on a sequential basis, the loss figure contracted by over 80 per cent from ₹131.01 crore. Total income for the quarter under review witnessed a drop, to ₹157.41 crore as against ₹365.24 crore reported in the same period of the previous fiscal year. That apart, the company's board of directors has approved the fundraise of ₹1,500 crore in one or more tranches to refinance the real estate developer's existing debts. It is also worth mentioning that the company is currently in the divestment process of its paper and pulp business. "The Board at its meeting held today has approved raising of funds up to ₹1,500 Crores in one or more tranches by way of availing secured or unsecured Rupee Term Loan within the borrowing limits approved by the shareholders to refinance the existing debts of the Company taken for capex use of Century Pulp and Paper division of the Company ('CPP')...," the company stated in an exchange filing. Brokerage view- Nomura While the real estate company recorded an Ebitda loss for the quarter, global brokerage firm Nomura pointed that looking at the profit and loss (P&L) statement at this stage might not provide the full picture. This is largely because the company has a large pipeline of unrecognised revenue of ₹15,000 crore, that could be booked in future periods. "After the divestment of its pulp and paper business, the company has started reporting revenue for its real estate segment. Aditya Birla Real Estate follows the 'project completion' method of accounting and, as such, revenue is recorded only upon delivery. We assume that key deliveries such as the Niyaara Tower would take place only by end-FY28F," the brokerage firm stated Nomura has maintained its 'Buy' rating on the stock with the target price of ₹2,700. "For Q1FY26, it incurred an Ebitda loss in its real estate segment largely owing to corporate overheads and marketing expenses. We expect this trend to be reflected in the coming quarters as well," the brokerage firm added.
Time of India
15-07-2025
- Business
- Time of India
'Focus on...': Why KM Birla is advising techies to move beyond AI in the age of disruptions
Kumar Mangalam Birla addressed BITS Pilani's Class of 2025, urging graduates to lead a 'generative life' creating lasting value amidst global uncertainty and technological disruption. He emphasized resilience and stewardship. BITS Pilani is also set to establish its first Artificial Intelligence Plus Campus in Andhra Pradesh, offering cutting-edge AI programs and fostering innovation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads AI plus campus at BITS Pilani Addressing the Class of 2025 at BITS Pilani's Convocation, Aditya Birla Group Chairman Kumar Mangalam Birla delivered an inspiring message to young graduates stepping into a world marked by both contradictions—uncertainty and opportunity, disruption and innovation."You are all, of course, passing out at a time of great global uncertainty. We are all being buffeted by the crosswinds of geopolitical turmoil and relentless technological disruption. The world appears uncertain and paradoxical in equal measure," Birla said during his continued, highlighting the surreal nature of global events, "Take the month of June — it seemed like we were at the brink of World War III, with headlines warning of escalating conflict and disruptions to global trade. Yet benchmark indices in the US hit record highs. It is a world where anxiety and optimism co-exist."Birla, whose group spans industries from telecom and metals to fashion and retail, urged students — to live a generative life, a concept that resonates in an age dominated by artificial intelligence "Today, in an age of generative AI, there is much discussion about what machines can produce. But I invite you to consider instead the idea of a generative life — one fuelled by deliberate creative energy,' he said."A generative life is one that creates lasting value. It is the capacity to build what endures. It means choosing to make things better. It is about cultivating resilience or the ability to regenerate after setbacks. It is about stewardship—or the responsibility to impact institutions and communities in a way that they are stronger than when we found them."The renowned deemed university, BITS Pilani, is to set up its first Artificial Intelligence (AI) Plus Campus in Andhra Pradesh, Chief Minister Chandrababu Naidu said on thanked Kumar Mangalam Birla, chairman of Aditya Birla group and chancellor of Birla Institute of Technology and Science (BITS)-Pilani, for selecting the southern state to set up the a post on X, Naidu said, the campus will offer world-class academic and industrial exposure."With cutting-edge programmes in AI, Data Science, Robotics, Cyber-Physical Systems, and Computational Linguistics, the campus will offer a dynamic, global model of education with international exposure and hands-on industry internships," he Chief Minister said that Andhra Pradesh will become the hub of AI-driven education, producing leaders for global industries while strengthening local employment, innovation ecosystems and economic further said that BITS Pilani's investment reflects Andhra Pradesh's readiness for next-generation education, ensuring top-notch infrastructure, ease of doing business and proactive governance for such transformative educational projects.
