Novelis

Hindalco arm Novelis' Q1 net income up 10% at $113 million; sales increases 16% to $3.1 billion

The increase in net income, excluding special items, was mainly due to a 15 percent increase in adjusted EBITDA over the prior year to $332 million in the first quarter of fiscal 2019

Hindalco shares jump nearly 7% to Rs 220.35 on acquisition of American aluminium maker Aleris

Aditya Birla group flagship Hindalco on Thursday announced the acquisition of Aleris that will help it diversify product offerings in the value-added products segment.

Hindalco arm Novelis to acquire US-based aluminium producer Aleris Corporation for $2.58 bn

Aleris is a global supplier of aerospace and automotive aluminium rolled products

Good news: India more enthusiastic on buyouts than China

as much as 29 percent of Indian companies surveyed by Grant Thornton were enthusiastic about making acquisitions overseas, while in China the figure was 26 percent, the report said.