Hindalco Industries will issue up to 150 million preferential warrants to the promoters and raise Rs 2,000 crore, the company that is part of the Aditya Birla Group said on Thursday. "The board has

NourishCo, the 50:50 joint venture between Tata Global Beverages (TGB) and PepsiCo, set up to market good-for-you beverages, is eyeing an entry into foods as well. Ashok Namboodiri, chief, sales &

India has reached the second stage of PPP (public private partnership) maturity. The PPP policy and draft rules, which are in place, would remove all uncertainties and help attract a lot of

Hindalco's December quarter numbers illustrate the stress faced by metal producers. The sector has been hit by a double whammy of lower prices and higher costs. As a result, even as standalone revenue

A quick rebound after a sharp fall in the rupee has baffled the financial satraps of India Inc, now only taking a short-term view on hedging strategies. Having burnt their fingers in the second half

I had the privilege of being able to attend a couple of investment conferences in India over the last week. One clear takeaway was that policy makers and independent observers are now reconciled to

A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament's standing committee on

India and Iran share close historical links - or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever

Cement producer Ambuja Cement Ltd said its quarterly net profit rose 17 percent helped by better cement prices and higher volumes, but warned cost pressures may continue to hurt margins. The company

The rupee fell to its lowest level in more than a week on Thursday as importers stepped up dollar buying, most likely to pay for oil and defence equipment, and as caution set in ahead of the European