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SC nod to IT Dept to inspect documents seized by CBI from Hindalco

Last Updated: Friday, July 25, 2014, 19:22

The Supreme Court on Friday allowed the Income Tax Department to inspect documents seized by the CBI during its coalgate probe from the premises of Hindalco for carrying out any bonafide investigation under tax law.

Hindalco plans to raise Rs 5,000 cr

Last Updated: Friday, July 18, 2014, 21:29

Aditya Birla Group firm Hindalco Industries plans to raise up to Rs 5,000 crore by issuing equity shares to institutions or through other options.

Sensex closes at over 1-week high; Hindalco logs best gain

Last Updated: Thursday, July 17, 2014, 16:41

Rising for the third session, the benchmark Sensex on Thursday edged higher to end at over one-week closing peak of 25,561.16 supported by gains in shares from metal and power sectors.

Hindalco shares up nearly 7%; top gainer on Sensex, Nifty

Last Updated: Tuesday, July 01, 2014, 18:43

Hindalco's stock rose by 6.76 percent to settle at Rs 175.20 on the BSE. During the day, it soared 7.92 percent to Rs 177.10 -- its 52-week high level.

CoalMin not to reconsider decision on mines deallocation

Last Updated: Friday, June 27, 2014, 14:57

The Coal Ministry has turned down the plea of Power ministry for reconsidering the decision on deallocation of eight coal blocks of power producers like Essar Power, Hindalco and Tata Power, a move that may hit an investment of around Rs 20,000 crore.

Sensex inches higher, metal stock surge

Last Updated: Thursday, June 05, 2014, 13:31

Metal stocks are the top Sensex gainers - Sesa jumps 5.8 percent, Hindalco rises 3.3 percent, Tata Steel gains 2.7 percent.

Hindalco Q4 net profit drops 48.51% to Rs 248.15 crore

Last Updated: Thursday, May 29, 2014, 21:01

Leading metals producer Hindalco Industries today reported a 48.51 percent decline in standalone net profit to Rs 248.15 crore in the fourth quarter ended March 31, mainly due to exceptional items.

Nifty snaps four session poll-rally, down 23 pts

Last Updated: Wednesday, May 21, 2014, 19:06

The Indian market snapped its four session poll-rally as profit-booking in key counters of banking, pharma, infra and energy pulled down the broader benchmark by 22.60 points, but managed to end at the important 7,250-level at the NSE.

Parakh questioned on allocation of Mahan coal block

Last Updated: Friday, May 02, 2014, 22:35

For the second consecutive day, former Coal Secretary P C Parakh was today questioned for over 10 hours on alleged irregularities in allocation of Talabira coal block to Hindalco in 2005 and also of Mahan coal block to the company in which there is no FIR so far.

Coalgate: CBI quizzes ex-coal secy PC Parakh for eight hours

Last Updated: Thursday, May 01, 2014, 20:04

Former Coal Secretary P C Parakh was on Thursday questioned for eight hours by CBI officials in connection with a case of alleged irregularities in grant of an Odisha-based coal block to Hindalco.

CBI questions former coal secretary Parakh

Last Updated: Thursday, May 01, 2014, 15:54

Former coal secretary P.C. Parakh appeared before officials of the Central Bureau of Investigation (CBI) on THursday for questioning in connection with a case of allegedly abusing his official position to grant an Odisha-based coal block to Hindalco.

Coal scam: Ex-coal secretary PC Parakh appears before CBI for questioning

Last Updated: Thursday, May 01, 2014, 12:41

Former Coal Secretary P C Parakh, booked for allegedly abusing his official position to grant a coal block to Hindalco, appeared before CBI for questioning on Thursday.