Kumar Mangalam Birla spurs spending after ‘surprise’ India revival
Birla’s expectations for a rebound echo those of India’s central bank, as some of the nation’s key indicators, including manufacturing, demand for loans and consumer purchases, showed signs of strengthening.
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. Updated: 28 Jan 2021, 10:29 AM IST Bloomberg
The Aditya Birla Group has seen strong growth in its financial services, fashion retail, cement and metals businesses, according to Kumar Mangalam Birla
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Indian tycoon Kumar Mangalam Birla’s $46-billion metals-to-telecommunications conglomerate is reviving investments, betting India’s economy will soon bounce back from a recession induced by the pandemic.