News: Hindalco Industries Ltd (HALC.BO)
1 Oct 2014
* Hindalco Industries gains 2.9 percent. * Value buying seen after 9.2 percent slump over the previous four sessions. * India's top court cancelled Hindalco's Talabira I/II and Mahan coal blocks on Wednesday. * Investors say de-allocation of Mahan and Talabira II would have little impact. * The blocks were not producing and were awaiting environmental clearance, they add. (email@example.com / firstname.lastname@example.org)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)
Reuters Market Eye - Shares of India's Hindalco Industries Ltd gain 1.9 percent.
* Shares of India's Hindalco Industries Ltd gain 2.5 percent. * Indian investigators drop coal scam case against promoter Kumar Mangalam Birla. * The Central Bureau of Investigation filed the case against Birla in relation to a block allocated in 2005 to Hindalco. (email@example.com / firstname.lastname@example.org)
* Court says final decision on the blocks to be taken next week
* BSE index falls 1.02 pct; NSE ends 1.06 pct lower * NSE index closes below 50-DMA for the first time since Feb * Factory output, inflation data eyed * Hindalco falls; unit Novelis oper profit lags some estimates By Abhishek Vishnoi MUMBAI, Aug 8 - Indian shares fell 1 percent on Friday, to mark their third consecutive session of declines, as blue-chips such as Larsen & Toubro slumped on global risk aversion after U.S. President Barack Obama authorised targeted ai
Reuters Market Eye - Shares of Hindalco Industries fall as much as 2.8 percent after its unit Novelis Inc's April-June operating profit lags some estimates, analysts say.
* Shares of Hindalco Industries fall as much as 2.1 percent after its unit Novelis Inc's April-June operating profit lags some estimates, analysts say. * Novelis' Operating profit per tonne was down to $305 in Q1 versus $332 in Q4, Reuters calculations show. * However, Novelis' net profit more than doubled on yearly basis on higher beverage can sales. (email@example.com / firstname.lastname@example.org)
MUMBAI - Metals producer Hindalco Industries Ltd said on Friday its board had approved a plan to raise up to 50 billion rupees ($829.5 million) by selling shares to institutions or through other options.
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