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Novelis to invest $300 m in new facility

8h thehindubusinessline
Novelis Inc, a subsidiary of Hindalco Industries, plans to build an automotive aluminium sheet manufacturing facility in Guthrie, Kentucky, with an investment of $30 million.

Novelis to Build $300 Million Aluminum Plant Amid Auto Optimism - Bloomberg

9h bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Nifty crosses 11,000, Sensex breaches 36,000 on IMF cheer

17h in.reuters
REUTERS - The NSE Nifty on Tuesday sailed past the 11,000 mark, while the BSE Sensex breached the 36,000 level for the first time after an International Monetary Fund (IMF) report showed India was set to regain the title as the world’s fastest growing major economy in 2018-19. (4-0)

Market Update: Nifty tops 11K mark as Infosys, RIL hit new 52-week high; Axis Bank most active

20h moneycontrol
The Indian benchmark indices including the Nifty50 crossed the 11,000 mark for the first time on Tuesday morning and was trading higher, gaining 60 points and was trading at 11,026 while the Sensex jumped 205 points and was trading at 36,003. (36-0)

Deals Buzz: Lenders may drag Videocon arms to bankruptcy court

2018-01-18 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (42-0)

Hindalco’s Aleris acquisition bid may face competition from Vedanta

2018-01-18 livemint
Mumbai: Mining mogul Anil Agarwal’s Vedanta Resources Plc. is considering a bid for Aleris Corp., a move that may pit it against Hindalco Industries Ltd’s $2.5 billion bid for the US-based aluminium products maker, two people aware of the development said. (15-0)

SEBI ban of PwC leads to a new struggle for audit and auditors

2018-01-16 moneycontrol
The Sebi ban on Price Waterhouse or PwC (India), opens up a pandora’s box in terms of the practices, competition, and need for more players in auditing even as the troubled firm seeks a stay on the market regulator’s order. (8-0)

SEBI ban on PW may hit audit of 77 firms, including Tata Steel, Hindalco

2018-01-11 thehindubusinessline
In FY17, the PW network earned over ₹81 crore in audit fees from its listed clients (12-0)

Market Live: Sensex, Nifty hit fresh record highs; Metal index top gainer

2018-01-05 moneycontrol
10:01 am Buzzing: Shares of Orbit Exports touched 52-week high of Rs 190, rising nearly 5 percent in morning as company s going to consider buyback of its equity shares. (17-0)

Hindalco Industries: Eyeing Aleris Corp?

2018-01-04 thehindubusinessline
Shares of Hindalco Industries will see market attention on reports that it is among the potential buyers that submitted bids for US aluminum producer Aleris Corp. A Bloomberg report quoting unnamed sources said Hindalco made a non-binding offer through its US unit Novelis Inc, and will now conduct due diligence. A deal could value Aleris at around $2.5 billion. The move could help Hindalco achieve its overseas expansion plans.

News highlights of the day: BSE NSE ask members to trade cautiously in 200 illiquid stocks

2018-01-04 moneycontrol
India may have to give freer rein to the rupee this year to avoid triggering US accusations that they’re manipulating their currencies to support exports, reports Bloomberg. The Reserve Bank of India has already exceeded a key threshold on how much it can intervene to curb the rupee’s gains that the US monitors, according to Nomura Holdings. (80-0)

News Live: BSE NSE ask members to trade cautiously in 200 illiquid stocks

2018-01-04 moneycontrol
India may have to give freer rein to the rupee this year to avoid triggering US accusations that they’re manipulating their currencies to support exports, reports Bloomberg. The Reserve Bank of India has already exceeded a key threshold on how much it can intervene to curb the rupee’s gains that the US monitors, according to Nomura Holdings. (80-0)

Hindalco is said to bid for $2.5 billion aluminum firm Aleris

2018-01-04 livemint
Mumbai: Hindalco Industries Ltd. is among potential buyers that submitted bids for US aluminum producer Aleris Corp., people with knowledge of the matter said, as Indian billionaire owner Kumar Mangalam Birla moves ahead with plans to expand his overseas operations. (15-0)

Market Update: 107 stocks hit new 52-week high on NSE; Graphite up 8%, RIL, Maruti most active

2018-01-03 moneycontrol
The Indian benchmark indices on Wednesday afternoon were trading on a positive note on Monday with the Sensex adding 82 points and was trading at 33894 while the Nifty gained 32 points and was trading at 10475. (14-1)