Birla Pivot News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The business reported a revenue of Rs 20,919 crore, up 11.25 percent from the year-ago period, helped by growth in cement and B2B e-commerce business

Birla Pivot, by Aditya Birla Group, achieves Rs. 1,000 crore revenue within a year, serving diverse customers with a wide product range. It aims to tackle industry challenges and hit $1 billion revenue in 3 years.

Birla Pivot's vision is to leverage technology to create smarter and more efficient solutions across the value chain for buyers and sellers.

Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed po­r­tion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.

Grasim recorded a year-on-year growth of 23% in consolidated revenue from operations, reaching an all-time high of ₹1.17 trillion