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Hindalco's India segment shines as profit and revenue hit record highsHindalco Industries achieved its highest ever revenue and profit for India operations in the March quarter. The company's India business de...- Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net lossHindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash...
- Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, HindalcoIndian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apoll...
- Novelis sees bigger cash flow hit from Oswego fire, posts $84m lossNovelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahe...
- Today in US History on March 27: Cherry blossoms planted, US Navy founded, Lincoln plans Civil War endMarch 27th in US history marks significant events, including the planting of Japanese cherry trees in 1912 and the authorization of the US ...
- Who is ex-US counterterrorism chief Joe Kent’s first wife Shannon Kent, killed in ISIS bombing in SyriaA top counterterrorism official resigned, citing moral opposition to the US-Iran war and personal loss from past Middle East conflicts. His...
- Hindalco shares in focus as US govt shutdown delays $125 million AluChem deal processHindalco Industries said the CFIUS review of its proposed acquisition of AluChem Companies has been temporarily suspended due to a partial ...
- Hindalco to infuse about $250 million more into NovelisHindalco Industries will invest an additional $200-250 million in its subsidiary Novelis. This follows two fires at Novelis' Oswego unit. T...
- Trial by fire: Novelis may see bigger cash flow hitIn the wake of a second devastating fire at its Oswego facility, Novelis Inc. has revised its expectations dramatically, now forecasting a ...
- Novelis holding company gets $800 million five-year loanNovelis' holding company has secured an $800 million loan. This funding will support equity infusion into Novelis. The capital is needed du...
- Hindalco to infuse $750 million equity into US unit NovelisHindalco Industries will infuse $750 million equity and raise debt to support its US arm Novelis after a fire hit its Oswego unit. The fund...
- Hindalco sees up to $650 million impact from fire at Novelis Plant in USA fire at Hindalco's Novelis aluminium recycling plant in New York will affect its cash flow. The impact is projected to be between $550 mi...
- Novelis expects cash flow impact of up to $650 mn from Oswego fireNovelis anticipates a $550-$650 million negative impact on free cash flows this fiscal due to a September fire at its Oswego unit. The comp...
- Novelis Q2 net income rises 27% YoY to $163 million on higher aluminium pricesNovelis Inc., a Hindalco subsidiary, reported a 27% year-on-year net income growth to $163 million for the September quarter, despite a fir...
- Trump inauguration: Washington D.C. braces for dangerously low temperaturesAmid frigid temperatures and winter storm warnings affecting 70 million residents, Donald Trump is to be sworn in as the 47th president of ...
- Partners Group-backed KinderCare seeks up to $3.1 billion valuation in long-sought US IPOThe 55-year-old company, backed by Swiss private equity firm Partners Group, is moving towards a listing after previously pursuing it in 20...
- Tesla, after probe, deactivates video games in moving carsThe agency had announced it had launched an investigation into some 580,000 Tesla cars after the automaker's decision to allow drivers to p...
- Tesla drivers can now play video games even with car movingThe automaker added the games in an over-the-air software update that was sent to most of its cars this summer. They can be played by a dri...
- US Congress clears hotly contested bailout billUS Congress passed highly criticized legislation authorizing $700 bn in govt money to shore up the nation's stressed financial industry. To...
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