|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
: Alcoa Inc. lost $119 million in the second quarter, compared with a loss of $2 million a year earlier. Revenue fell 2 percent on lower aluminum prices.
SILVER LINING: The results still beat Wall Street expectations. Excluding $195 million in restructuring and legal-expense items, the company said it would have earned 7 cents per share, a penny better than analysts expected.
CARS AND PLANES: Falling aluminum prices hurt Alcoa's mining and smelting business, but sales of aluminum products to auto and aircraft makers grew, reflecting demand for lighter, fuel-efficient vehicles and planes.