Nifty ends flat, holds on 10,400-level despite volatility

Mar 13 2018

The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.

Hindalco Industries Q2 profit drops 11 percent to Rs 392 cr

Nov 03 2017

The standalone revenue from operations during the quarter increased to Rs 10,308.2 crore.

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

Feb 22 2016

Supreme Court has stayed summons against former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla and others.

Govt notifies PMKKKY, miners to pay 30% of royalty to DMF

Sep 17 2015

The objective of PMKKKY scheme will be to implement various developmental and welfare projects and programmes in mining affected areas

Miners to pay extra 30% royalty to DMF, shares fall

Sep 14 2015

While India Inc wanted a lower rate, states wanted a higher contribution to the District Mineral Fund (DMF).

Government raises Rs 12,591 crore from auction of three coal mines

Mar 07 2015

The Government's kitty has swelled by Rs 12,591 crore with the sale of three mines to Hindalco, Jindal Power and Indrajit Power.

Indian Markets


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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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