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Hindalco's 2015-16 net profit plunges 95% to Rs 44.8 crore

Hindalco's 2015-16 net profit plunges 95% to Rs 44.8 crore

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.

 Top 10 stocks to be on radar post Brexit

Top 10 stocks to be on radar post Brexit

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

Sensex sinks 371 points to slip below 25,000 level

Sensex sinks 371 points to slip below 25,000 level

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

Coal scam: Court to hear Hindalco's case on May 23

Coal scam: Court to hear Hindalco's case on May 23

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.

Fortune top 10 Indian compaines in 2015

Indian Oil Corporation has maintained its number one position followed by Reliance Industries in terms of revenue for the sixth consecutive year in the list of Fortune 500 Indian companies 2015.

Vedanta, Hindalco to exit Sensex on December 21

Vedanta, Hindalco to exit Sensex on December 21

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

Coal scam: Court to hear Hindalco's case on December 21

Coal scam: Court to hear Hindalco's case on December 21

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.

Coal scam: No undue haste in awarding coal block to Birla, says ex-PM Manmohan Singh

Coal scam: No undue haste in awarding coal block to Birla, says ex-PM Manmohan Singh

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.

 

Coal scam: Many other issues to worry as PM, Manmohan Singh to CBI

Coal scam: Many other issues to worry as PM, Manmohan Singh to CBI

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.

Challenging market to affect Hindalco's performance: Birla

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.

Coal scam: Court to hear Hindalco's case on September 14

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.

Hindalco Q1 net down 67%, lower realisation hits aluminium biz

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.

Not seeking refinancing under RBI's 5/25 scheme: Hindalco

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.

Coal scam: Court to hear Hindalco's case on August 17

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.

LIC hikes stake in Hindalco to over 13%

LIC hikes stake in Hindalco to over 13%

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

Hindalco fourth-quarter profit misses estimates

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

Govt transfers green nod of earlier blocks to Hindalco, GMR

In a bid to expedite operations from the recently allocated coal mines, the Environment Ministry had amended EC norms after a request made by the Coal Ministry to facilitate transfer of ECs to successful coal bidders.

Hindalco's Novelis ousts CEO, surprising investors

Top aluminum rolled products maker Novelis announced on Monday the surprise ouster of Chief Executive Officer Philip Martens who helped the India-owned firm shift toward the automotive sector.

Coal scam: SC stays trial court order summoning ex-PM Manmohan Singh, others

Coal scam: SC stays trial court order summoning ex-PM Manmohan Singh, others

Former Prime Minister Manmohan Singh on Wednesday got relief from the Supreme Court which stayed the trial court order summoning him as accused in a coal block allocation case.

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