Aditya Birla group to invest More than Rs 400 crore in apparel retail business
The Aditya Birla group will invest more than Rs 400 crore in growing its apparel retail business under group company Aditya Birla Nuvo, as the conglomerate shapes up its plan to shift the garments business from wholesale to a retail-oriented play.
Reliance Capital (Get Quote), a part of the Anil Dhirubhai Ambani Group, is looking to invest Rs 2,000 crore in insurance businesses in the next three years, which would take the company's cumulative investment in the sector to Rs 4,000 crore.