Shares of Hindalco, a subsidiary of the Aditya Birla group, are trading higher by 2% to Rs 140 on the Bombay Stock Exchange (BSE) on reports that India's largest investor Life Insurance Corp (LIC) increased stake in the company.
The Supreme Court on Wednesday stayed the order of the special court, trying the coal blocks scam cases, which summoned former prime minister Manmohan Singh, industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and three others.
Former prime minister Manmohan Singh on Wednesday moved the Supreme Court against a special court order summoning him as an accused in the case of allocation of Talabira-II coal block in Odisha in 2005 to Hindalco.
The mines Bill passed by the Rajya Sabha on Friday will push up the cost of production of Tata Steel, Steel Authority of India and Hindalco Industries as they pay to set up district mineral foundations.
Even as Aditya Birla group's Hindalco is facing trial in the coal block allocation case for the Talabira II-mine in Odisha in a special court, the Central Bureau of Investigation (CBI) has filed a fresh First Information Report (FIR) and begun a
Even as things were falling in place for Hindalco Industries, after the start of coal mine auctions, the summons by the trial court investigating the coalgate scam to the chairman and some top officials have hurt investor sentiment.
The summons issued by the special Central Bureau of Investigation court looking into coal mine allocations to former Prime Minister Manmohan Singh, as well as to Hindalco head Kumar Mangalam Birla and former Coal Secretary P C Parakh, gives rise to
Faced with barbs from the Opposition for recommending the Talabira-II coal block in favour of Aditya Birla Group owned Hindalco Industries, the Naveen Patnaik led government here has sought to steer free of the row.
A shocked corporate India on Wednesday backed Kumar Mangalam Birla, chairman of the Aditya Birla Group and summoned by the trial court as an accused in the coal block allocation case, with former Prime Minister Manmohan Singh.
The Aditya Birla Group said on Wednesday it would study the trial court order of summons in the coal allocation scam to its chairman, Kumar Mangalam Birla, the group’s flagship Hindalco Industries’ managing director, Debu Bhattacharya, and
With a special Delhi court summoning former Prime Minister Manmohan Singh in connection with allocation of Talabira coal block to Hindalco Industries, the Opposition parties in Odisha have renewed their demand for interrogation of chief minister Naveen
Aditya Birla group’s metals major, Hindalco is one of the accused in the coal scam alongwith its managing director Debu Bhattacharya and Group Chairman Kumar Mangalam Birla and have been summoned to the court on April 8th.
The trial court’s order to summon former prime minister, Manmohan Singh alongwith Kumar Mangalam Birla, Chairman of Aditya Birla group as accused on April 8th in the allocation of Talabira II coal block allocation to Hindalco is all set to result in
The third day of bidding in the second phase of the coal block e-auction saw the highest, as well as the lowest bids. Jindal Power beat those such as Adani and Lanco to grab a block for power at the lowest bid so far.
Hindalco Industries has bagged three coal mines in the Schedule-II auction — something that certainly paves the way for partial raw material security for the company. However, the market does not seem to be impressed.