Hindalco News

According to the company, the results were driven by an exceptional performance by India business, supported by favourable macros, strategic product mix and an improved performance by the downstream business.

The amount is over and above Rs 201 crore that was spent by Vedanta Group in 2020. The company will create additional capacity of 1,000 critical care beds in 10 cities. Each facility will have 100 beds in an air-conditioned tent with full electrical support and designed specifically for COVID care.

A group of 50 armed Maoists raided the Kudag mines (in Chhattisgarh's Balrampur district) and adjoining Kukud mines (in Jharkhand's Latehar district) between 1 am to 2 am.

Mining conglomerate Vedanta will invest up to Rs 3,000 crore in copper operations to double the capacity to 8 lakh tonnes by 2019, making the firm India's largest producer of the

Aluminium maker Hindalco has reported a steep 95 percent decline in its consolidated net profit at Rs 44.8 crore for the fiscal ended March 2016.

Here are 10 stocks which should be carefully monitored post Brexit.

In its biggest fall in five weeks, Sensex plummeted over 371 points to slip below the 25,000-mark as investors booked profits in recent out-performers ahead of derivatives settlement and the closing of 2015-16 financial year on Thursday

A special court Monday fixed May 23 for hearing a coal scam case in which the Supreme Court has stayed summons against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.

These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.

A special court Wednesday fixed December 21 for hearing a coal block allocation case in which the Supreme Court had stayed the summons issued against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.

Manmohan Singh also told CBI, investigating the case, that he had neither promised, nor gave any assurance to industrialist Kumar Mangalam Birla about allocation of the block in Odisha to his firm HINDALCO.  

Manmohan Singh maintained that he went by the advice of Parakh on the letter written by HINDALCO Chairman Kumar Mangalam Birla for allocation of the coal block.

The challenging conditions in the commodities market, particularly the aluminium sector, will impact Hindalco's performance in the short term, the company's Chairman Kumar Mangalam Birla said Wednesday.

A special court Monday fixed September 14 for hearing a coal scam case in which the Supreme Court has stayed the summons issued against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.

Lower metal realisation, high finance and depreciation costs have hit the aluminium maker Hindalco's bottomline as it reported a 67 percent drop in the standalone net profit at Rs 107.19 crore for the quarter ended June 30.

Aluminium maker Hindalco on Thursday said it is not going for refinancing under a Reserve Bank scheme even as market speculation was rife that it is looking to refinance loans up to Rs 8,000 crore.

The case came up for hearing before Special CBI Judge Bharat Parashar, who deferred the matter as the operations of order passed by him summoning Manmohan Singh, Birla and others as accused have been stayed by the apex court.

Aditya Birla-led Hindalco on Thursday said insurance giant LIC has raised its stake in the aluminium maker to over 13 percent.

Aluminium and copper producer Hindalco Industries Ltd on Thursday posted a drop in quarterly profit that missed estimates, hurt by lower margins.