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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.

Dassualt Systemes to acquire Dutch firm Quintiq for $337 million

French software company Dassault Systemes today said it will acquire Netherlands-based firm Quintiq for around 250 million euros (about USD 337 million).

Hindalco to acquire alumina refinery from Novelis

The Alumina Refinery has mining rights of over 50 million tonnes of bauxite reserves.

Novelis to pull out of JV with Alcoa

In 2009, the two companies had set up the joint venture, Evermore, in which Novelis had a majority 55.8 percent stake.

Novelis to sell foil plants in Europe

Aditya Birla Group firm Novelis on Monday said it is selling three aluminium foil manufacturing plants in Europe to American Industrial Acquisition Corp (AIAC) for an undisclosed sum.