Latest news with #KumarMangalamBirla
India Today
5 hours ago
- Business
- India Today
India, Pakistan delegations in Washington DC, India-US ties very strong: US Commerce Secretary
The World Today discusses India and Pakistan's global outreach following the Pahalgam terror attack. Indian and Pakistani delegations are in Washington DC to engage US lawmakers and policymakers. The programme also covers Ukraine's recent attacks on Russian airfields and the Crimean bridge, escalating tensions in the ongoing conflict. US Commerce Secretary Howard Lutnick's optimism about an India-US trade deal and Kumar Mangalam Birla's $4.1 billion investment in Alabama are highlighted as signs of strengthening India-US economic ties.
The Hindu
8 hours ago
- Business
- The Hindu
Kumar Mangalam Birla receives Global Leadership Award
The U.S.-India Strategic Partnership Forum (USISPF) has awarded Kumar Mangalam Birla, Chairman, Aditya Birla Group, with the Global Leadership Award at its eighth annual Leadership Summit in Washington, D.C. He was honoured along with Arvind Krishna, Chairman, CEO and President, IBM and Toshiaki Higashihara, Executive Chairman, Hitachi. Mr. Birla received the honour for his leadership as Chairman of Aditya Birla Group, which is the largest Indian investor in the United States. The company has invested over $15 billion in the U.S. to date, with operations across 15 States and creating over 5,400 jobs, the Aditya Birla Group said. 'This recognition is a testament to Aditya Birla Group's deep commitment to the U.S., and belief in the potential to further deepen the U.S.-India partnership. We are proud to have started our journey in the U.S. over 18 years ago, and to place big bets here,' Mr. Birla said in a statement. 'We continue to choose America because we believe in the strength, stability and promise of this nation, and our commitment goes beyond capital – we are investing in people, in communities, and in long-term impact to create mutual prosperity,' he added.
India.com
3 days ago
- Business
- India.com
Mukesh Ambani's Rs 15000 crore Antilia, Birla's Rs 425 cr Jatia House, Rs 6,000 crore JK house of...: 7 costliest homes in Mumbai
Mukesh Ambani's Rs 15000 crore Antilia, Birla's Rs 425 cr Jatia House, Rs 6,000 crore JK house of...: 7 costliest homes in Mumbai Owing a home might be a dream-come-true moment for most of us. However, it might not be the same for high-net worth individuals. Besides seeking spacious and lavish homes, they demand spaces that offer distinctive experiences and are culturally rich. So, here are 7 most ridiculously expensive homes owned by Indian billionaires in 'City of Dreams,' Mumbai. Antilia- Mukesh Ambani and Nita Ambani Antilia, owned by Indian billionaire Mukesh Ambani, valued at around $2,000 million (Rs 15000 crore), is the most expensive house in India and the second costliest in the world. According to GQ India, Antilia boasts multiple swimming rooms, three helipads, a spa and a spacious garage of 186 luxury cars. Mannat- Shah Rukh Khan and Gauri Khan Bollywood superstar Shah Rukh Khan's palace is as regal as his nickname 'King Khan.' Valued at Rs 200 crore, the six-storey mansion is designed by his wife Gauri Khan, reflecting luxury and cinematic legacy. Jatia House- Kumar Mangalam Birla Jatia House is where Kumar Mangalam Birla, chairman of Kumar Mangalam Birla, resides. Purchased in Rs 425 crore, the 30,000-square-foot mansion includes spacious gardens, vast bedrooms and interiors that scream old-word charm. JK House- Gautam Singhania Located in Breach Candy, Mumbai, the JK house belongs to Raymond Group fame, Gautam Singhania. This 30-storey residence is worth jaw-dropping amount of Rs 6,000 crore, and includes gym, spa and multiple floors solely for car parking. Fairlawn- Ratan Tata Ratan Tata, the esteemed former chairman of Tata Sons, named his Rs 150 crore bungalow Fairlawn. Situated in Colaba, Mumbai, the house provides scenic views and reflects understated grace with its colonial architecture. Jalsa- Amitabh Bachchan Gifted to megastar Amitabh Bachchan by producer Ramesh Sippy, Jalsa is a symbol of Big B's cinematic success and legacy. Worth over Rs 120 crore, the Juhu residence is more like a public institution than a house, as every Sunday fans arrive outside Big B's house to have a glimpse of him. Gulita- Anand Piramal and Isha Ambani Gulita, the ultra-luxurious, diamond shaped-mansion was a gift by Industrialist Ajay Piramal to his son Anand Piramal, when he married Mukesh Ambani's daughter, Isha Ambani. Spread over five levels, it is worth Rs 500 crore, and includes temple, vast ballroom, spacious pool, and much more.
Hindustan Times
7 days ago
- Entertainment
- Hindustan Times
Kumar Mangalam Birla cuddles with daughter Ananya in sweet pic; but it's his luxurious watch that has our attention
On May 24, Ananya Birla shared a photo dump on Instagram with the caption, 'Hiiii okay bye." One photo that caught our eye was a sweet click of the entrepreneur and artist cuddling with her father, the Chairperson of the Aditya Birla Group, Kumar Mangalam Birla, on the couch. However, it was his watch that caught the eye of many horologists online. Scroll down to know its price. Also Read | Deepika Padukone looks 'superior' in a red gown with robe and luxe diamond necklace at Cartier event in Stockholm: Pics According to an Instagram page, TheIndianHorology, known for tracking celebrity watch collections, in the photo, Kumar Mangalam Birla is seen wearing a luxury watch from Vacheron Constantin. Per the page, the businessman is wearing the Historiques American 1921 timepiece. It features an 18-carat rose gold case with a brown alligator leather strap, and is a reinterpretation of a model launched in 1921. Check out his watch below: A post shared by THEINDIANHOROLOGY (@theindianhorology) Per the Instagram page, the watch is worth ₹43,59,000, which is approximately 44,900 Euros. Per the luxury brand's official website, too, the watch comes at the price mentioned below. Meanwhile, apart from Kumar Birla, the luxurious Vacheron Constantin has also been spotted on several other celebrities. Brad Pitt wore a vintage Vacheron Constantin Historiques 222 at Wimbledon this year in January. Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. He is a chartered accountant and holds an MBA degree from the London Business School. He is married to Neerja Birla, a philanthropist and educationist. The couple has three kids: Advaitesha Birla, Ananya Birla, and Aryaman Birla. Ananya, a singer-songwriter and Indian businesswoman, is one of the directors of Aditya Birla Management Corporation Private Ltd (ABMCPL), along with her brother Aryaman Birla. She is a graduate in economics and management from Oxford University.
Time of India
26-05-2025
- Business
- Time of India
India rate cut bets cap upward move in bond yields post RBI surplus letdown
Indian government bond prices were off opening lows on Monday as bets of further monetary policy easing offset the impact of a lower than expected central bank surplus transfer to the government. The yield on the new benchmark 10-year bond was at 6.2124% as of 10:00 a.m. IST, compared with the previous close of 6.2107%. The 2034 bond yield was at 6.2553% after settling at 6.2520% on Friday. Yields on these bonds rose to 6.2270% and 6.2812%, respectively, in opening deals. Bonds Corner Powered By India rate cut bets cap upward move in bond yields post RBI surplus letdown Indian government bond prices recovered from initial losses on Monday, buoyed by expectations of further monetary policy easing despite a lower-than-expected surplus transfer from the Reserve Bank of India. Traders anticipate at least 50 basis points more in rate cuts in the coming months. Investors are now awaiting India's GDP data and the central bank's policy decision in early June. Treasury yields ease with US stocks flat to up; investors assess US tax bill Are RBI floating rate bonds the best option as FD rates plummet? Why are Japanese bond yields rising and what does it mean for Indian investors? Kumar Mangalam Birla's Grasim gets cheapest rupee bond deal in 5 years Browse all Bonds News with Bond yields move inversely to prices. The Reserve Bank of India 's board approved the transfer of 2.69 trillion rupees ($31.6 billion) as surplus to the federal government for the fiscal year ended March, up from 2.11 trillion rupees in the previous year, it said on Friday. Live Events Market participants had expected the amount to cross 3 trillion rupees. "The figure is lower than what market had wanted, but will not change the medium-term market view, which is guided by the central bank's liquidity injection and rate cuts of at least 50 basis points more in the coming months," a trader with a state-run bank said. Investors await India's GDP data on Friday, followed by the central bank's policy decision on June 6, where a third consecutive rate cut is widely expected. India's economy likely grew 6.7% in January-March, up from 6.2% in the previous quarter, according to a Reuters poll. RATES The overnight index swap (OIS) rates could continue to see some receiving interest on expectation of lower interest rates. The one-year OIS rate was at 5.55%, while the two-year OIS rate was not yet traded. The most liquid five-year dipped 2 basis points to 5.65% after rising 4 bps on Friday. ($1 = 85.0350 Indian rupees)
