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NSE share market NEWS tomorrow (30 May, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (30 May, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 30 May 2024

One 97 was amongst the top gainers, currently trading at 377.40 in NSE with 1.136 times change in volumes and 4.994% change in price. Other gainers included Page Industries with 4.053% price change and 3.3 times volumes, Interglobe Aviatio with 3.343% price change and 1.167 times volumes, Samvrdhna Mthrsn with 2.708% price change and 2.56 times volumes, and Cg Power with 2.404% price change and 2.411 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Kfin Technologies was amongst the top losers, currently trading at 678.30 in NSE with 25.359 times change in volumes and -8.818% change in price. Other losers included Hindustan Zinc with -6.364% price change and 1.364 times volumes, Cummins India with -6.203% price change and 3.36 times volumes, Alkem Laboratories with -5.998% price change and 3.006 times volumes, and Tata Steel with -5.796% price change and 2.975 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Google Wallet partners with Pine Labs to help manage gift cards within app. This partnership comes nearly three weeks after Google announced the launch of its digital wallet application in India

Apollo Hospitals Q4 result: PAT up 76% at Rs 254 cr; revenue at Rs 4,944 cr. Apollo Hospitals on Thursday reported a 76 per cent increase in consolidated net profit to Rs 254 crore for the March quarter. The healthcare major had reported a net profit of Rs 144 crore in the January-March period of the 2022-23 fiscal year. Revenue fr

HCLTech integrates its GenAI platform AI Force with Google Gemini. Last month, the company had expanded its partnership with Google Cloud to enable 25,000 engineers on Google Gemini

Vedanta says ICRA has assigned top rating to its commercial paper. Vedanta on Thursday said ICRA has assigned A1+ rating to the company's Rs 2,500-crore commercial paper, citing multiple positives. ICRA highlighted Vedanta's diversified product portfolio and a healthy market share while assigning the rating, the company s

IndiGo derosters 6 crew members over Delhi-Varanasi flight bomb scare event. IndiGo has derostered two pilots and four cabin crew members of the Delhi-Varanasi flight that saw 176 passengers being evacuated after a bomb threat earlier this week, according to sources. On May 28, following the bomb threat, which later turned out to b

Jindal Power to partner with Venezuelan state oil company: Report. Jindal's entrance comes as Venezuela reshapes its oil partnerships amid the reimposition of US sanctions after President Nicolas Maduro's fell short of promises to ensure fair elections

Space startup Agnikul Cosmos creates history by launching Agnibaan rocket. Agnibaan SOrTeD uses the world's first single-piece 3D printed engine, designed and built indigenously

Q4 results today: Reliance Infra, Muthoot among 908 firms to post earnings. Q4FY24 company results: Apollo Hospitals, Bharat Dynamics, Welspun Corp, and Reliance Capital will be releasing their fourth-quarter report on May 30

S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila. The Competition Commission of India (CCI) has cleared South Korea-based Shinhan Bank's proposed acquisition of an 11 per cent stake in HDFC Credila Financial Services. Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which

JioCinema sets streaming viewership record with 620 mn reach in IPL 2024. The opening night of the 2024 IPL season saw a significant surge in viewership, with over 113 million viewers logging in, a 51 per cent increase compared to the opening night of the previous season

Govt asks pharma company chiefs to submit undertaking on ethical practices. Companies must commit that they comply with a code against unethical marketing of drugs

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Ritesh Agarwal. Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder Ritesh Agarwal said on Thursday. In a post on social media platform X, Agarwal said he sees growth ahead "not just i

B2B fintech Vegapay raises .5 mn; co. to fund team expansion, operations. The company will utilise the capital raised towards expanding product and technology teams and investing in operations and compliance requirements

Oyo posts maiden profitable year with Rs 100 cr PAT in FY24: Ritesh Agarwal. Agarwal, in a post on social media platform X, added that he expects growth not just in India, but in other key markets like the Nordics, South East Asia, the US, and the UK as well

Bharti Airtel appoints Sharat Sinha as Airtel Business CEO, effective Jun 3. Telecom operator Bharti Airtel has appointed Sharat Sinha as the CEO of Airtel Business with effect from June 3, 2024. In this role, Sinha will report to Gopal Vittal and will be a part of the Airtel Management Board, according to a release. Sinha joins Ai

Hero FinCorp eyes Rs 4,000-crore fund raise via IPO; Awfis Space gains 9%. Hero FinCorp mainly offers two-wheeler financing, leveraging 2,000 retail touchpoints of Hero MotoCorp

Shriram Properties Q4 results: Consolidated net profit up 32% at Rs 20 cr. Realty firm Shriram Properties reported a 32 per cent increase in consolidated net profit to Rs 20.18 crore for the March quarter on higher income. Its net profit stood at Rs 15.25 crore in the year-ago period. Total income rose to Rs 358.37 crore in the f

Capital requirements will remain high for Indian companies: Moody's. Moody's Ratings on Thursday said capital requirements will remain high for Indian corporates as they go in for capacity expansion and inorganic growth spending. Moody's estimates that 16 of the 23 rated companies will require USD 70-100 billion of funding

India's 0-billion corporate groups swell to 8 with 3 new additions. The Aditya Birla group has seen its market value jump by more than 50 per cent, making it the latest entrant to the 0-billion club

Muthoot Finance Q4 results: Profit rises 17% to Rs 1,056 cr on loan growth. Muthoot's standalone loan assets under management increased 20% to Rs 75,827 crore for the year ended March 31

IDFC First Bank board approves Rs 3,200 cr fundraise via preferential issue. IDFC First Bank on Thursday said its board approved a plan to raise Rs 3,200 crore via preferential issue of shares to fund business growth. The board of the bank at its meeting on May 30, 2024 considered and approved to issue, offer and allot 39.68 crore

Disney Star onboards 19 sponsors for ICC Men's T20 World Cup 2024. The tournament will be broadcast exclusively on the Disney Star network and can be streamed free of charge to mobile users on Disney+ Hotstar

Schneider Electric invests Rs 200 crore in large campus in Bengaluru. It will be one of the company's largest employee campuses globally with a capacity to accommodate over 8,000 professionals.

Emami Realty Q4 results: Consolidated net loss at Rs 70.38 cr on expenses. Emami Realty on Thursday reported a consolidated net loss of Rs 70.38 crore in the quarter ended March on higher expenses. Its net loss stood at Rs 15.30 crore in the year-ago period. Total income fell to Rs 29.97 crore in the fourth quarter of the last fi

Godfrey Phillips Q4 results: Consolidated net profit rises 46% to Rs 215 cr. Cigarette maker Godfrey Phillips India Ltd on Thursday reported an increase of 46.25 per cent in its consolidated net profit to Rs 215.12 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 147.09 crore during the Janua

JioFin launches beta version of JioFinance app, to offer UPI, digi banking. The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

IDFC First Bank to issue Rs 3,200 cr of equity shares on preferential basis. The allottees of these shares are LIC, HDFC Life, Aditya Birla Sun Life, Bajaj Allianz, ICICI Lombard, and SBI General

Vodafone Idea announces new prepaid plans with Netflix partnership. The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling

Resolution plan at execution stage; FY24 results to be delayed: Jet Airways. Jet Airways on Thursday said there will be a delay in declaring the financial results for the quarter and year ended March 2024, and its monitoring committee expected to meet shortly to consider the results. "We wish to state that currently the approved re

Reliance Industries among TIME's 100 most influential global companies. This is the second time that RIL has been recognised, with Jio Platforms featuring on the inaugural list in 2021

Jio Financial Services launches 'JioFinance' app in beta version. Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature

Sun Pharma, Dr Reddy's pull drugs in US over manufacturing issues: USFDA. Sun Pharma and Dr Reddy's Laboratories are recalling products in the American market due to manufacturing issues, the US Food and Drug Administration (USFDA) has said. In its latest Enforcement Report, the US health regulator stated that a US-based unit of

Deepak Fertilisers Q4 results: Net profit down 16% to Rs 215 crore. Deepak Fertilisers and Petrochemicals Corporation Ltd has posted 16 per cent decline in consolidated net profit to Rs 214.79 crore for the quarter ended March 2024. Its net profit stood at Rs 254.88 crore in the year-ago period. Total income fell to Rs 2,1

How AI made Meta CEO Mark Zuckerberg popular again in Silicon Valley. Many developers and technologists have embraced the Meta chief as their champion of 'open-source' artificial intelligence

Shinhan Bank receives CCI approval to acquire 11% stake in HDFC Credila. The Competition Commission of India (CCI) has cleared South Korea-based Shinhan Bank's proposed acquisition of an 11 per cent stake in HDFC Credila Financial Services. Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which

Lessor moves insolvency plea before NCLT against SpiceJet over mn. Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over USD 12 million (around Rs 100 crore). Engine Lease Finance (ELF) has leased eight engi

Bata Q4 results: Net profit declines 3% to Rs 63.65 cr as expenses surge. The company, which also sells brands such as Hush Puppies and North Star in India, said its consolidated profit fell to Rs 63.65 crore (.6 million)in the three months ended March 31

Deepening presence in Tier-III may be Dr Lal PathLabs' growth pill. Manchanda highlights that the 'white-spaces' for them are going deeper in strong markets

Tata Steel Q4FY24 results: Net profit drops 64.1% to Rs 611.48 cr. Consolidated revenue from operations at Rs 58,687.31 crore was down by 6.8 per cent Y-o-Y. The Bloomberg consensus estimate for revenue was Rs 58,375.1 crore and net income Rs 928 crore

Covid vaccine maker BioNTech gets 5 mn funding for plant in Africa. A future African network could produce affordable vaccines to fight malaria, mpox, tuberculosis or other health threats, they added

Sony in talks to buy Queen's music catalog in potential bn deal. Sony is working with another investor on a purchase that could potentially total billion, people familiar with the matter said, asking not to be named discussing confidential information

RHI Magnesita India Q4 results: Net loss narrows to Rs 258.89 crore. RHI Magnesita India on Wednesday reported narrowing of its consolidated loss to Rs 257.89 crore during the March 2024 quarter. It had reported a loss of Rs 678.90 crore during the year-ago period, the company said in a regulatory filing. Its total income r

EIH Q4 results: Consolidated net profit more than doubles to Rs 247.6 cr. Hospitality major EIH Ltd on Wednesday reported more than two-fold increase in consolidated net profit to Rs 247.6 crore for the March quarter, driven by higher revenue. The company, which owns and operates hotels and resorts under the Oberoi and Trident b

RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance. ECL has been accused of not maintaining arm's length with other group companies

Tesla's bn pay package for Elon Musk opposed by Calpers CEO Frost. Musk criticized Frost's remarks, saying in a post on his social media platform X that the pension fund 'is breaking their word'

Meta removes accounts in China, Israel pushing content likely made by AI. Meta, the parent of Facebook, Instagram and WhatsApp, has seen threat actors rely on AI to produce fake images, videos and text in an effort to influence users on its sites

Suzlon Group bags 551 MW wind energy project from Aditya Birla Group. Suzlon Group on Wednesday said it has secured an order for a 551.25 MW wind power project from Aditya Birla Group. The order is to be executed across two sites in Rajasthan and Gujarat, Suzlon Group said in a statement. While 368.55 MW will be developed by

SP Group backed platform sells Hyderabad project for Rs 2,200 crore. An investment platform co-owned by debt-laden Shapoorji Pallonji Group has sold its stake in a Hyderabad commercial real estate project for Rs 2,200 crore, sources said on Wednesday. Singapore's GIC is said to have bought the stake in the TSI Business Park

Aditya Birla Capital infuses Rs 300 crore in housing finance arm. Financial Services firm Aditya Birla Capital on Wednesday said it has infused Rs 300 crore in its housing finance arm Aditya Birla Housing Finance Ltd (ABHFL) to fund business growth. The company is making the investment in ABHFL to meet its growth, fundin

Meesho's Valmo to aid profitability growth, concern for third party players. In this short span, Valmo has expanded its reach to include 6,000 pin codes across over 20 cities. The platform has over 3,000 micro entrepreneurs

MTNL Q4 results: Net loss widens to Rs 817 cr on high finance costs. State-run telecom company MTNL has reported widening of losses to Rs 817.58 crore in the fourth quarter ended March 31, 2024, mainly on account of high finance costs, according to a regulatory filing. The company had recorded a loss of Rs 745.78 crore in t

Q4 results today: Tata Steel and Emami among 566 firms to post earnings. Q4FY24 company results: Alkem Laboratories, Heritage Foods, Aadhar Housing Finance, and Mazagon Dock Shipbuilder will be releasing their fourth-quarter report on May 29

Adani in talks with Paytm to acquire stake? Speculative, says fintech firm. One97 Communications said reports claiming that Gautam Adani, chairman of the Adani Group, is considering acquiring a stake in Paytm's parent company One97 Communications are speculative

Reliance to challenge Blinkit, Swiggy, Zepto with quick commerce entry. Reliance's JioMart may begin offering deliveries within the next month, completing deliveries within 30 minutes

'Speculative, untrue': Paytm, Adani Group deny stake sale in fintech major. News report said coal-to-airports conglomerate is buying a stake in the digital payments firm

UPS in talks with govt to make some parcel-tracking tags in India: Official. UPS began expanding its use of radio-frequency identification (RFID) tags on packages about two years ago, helping its workers avoid millions of package scans per day

Here's how much Google will pay in rent for new office space in Bengaluru. Google's expansion plan in India: The tech giant leased office space at a monthly rate of Rs 62 per sq ft, with a three-year lock-in period

Prestige Estates Q4 result: Profit falls 70% to Rs 140 cr on lower income. Prestige Estates Projects has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period. Total income fell to Rs 2,232.5 crore in th

Two years since, Adani Cement have aimed for market inefficiencies. The entry, cement executives suggest, has either had zero impact or appears to have accelerated consolidation and its benefits for larger players

Female flyers on IndiGo can now pick a seat next to other women for safety. Prior to its implementation, IndiGo Airlines conducted market research to ensure it adequately addressed the requirements of its female passengers

MG Motor, HPCL join hands to enhance EV charging infra across India. MG Motor India on Wednesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to expand EV charging infrastructure across the country. As per the collaboration, MG and HPCL will together install 50kW/60kW DC fast chargers at key loca

Robotics firm DiFACTO raises Rs 40 cr in funding from Stakeboat Capital. Bengaluru-based startup will use Series A financing to expand business

Aster DM Healthcare Q4 results: Net loss at Rs 2.17 cr, revenue up 22%. Aster DM has appointed Alisha Moopen as the deputy managing director for a term of 5 years with effect from August 07, 2024

Jubilant Pharmova Q4 results: Consolidated net loss narrows to Rs 5.86 cr. Revenue from segments that make copycat drugs and medicines used for allergy immunotherapy rose 0.8% and 14%, respectively, during the quarter

Deepak Fertilisers Q4 results: PAT falls 16% to Rs 215 cr on weak demand. Net profit fell to Rs 215 crore (.81 million) during the three months ended March 31 from Rs 255 crore a year earlier. Revenue from operations fell about 25.4% to Rs 2,086 crore

SJVN Q4 results: Consolidated net profit jump two-fold to Rs 61.08 crore. State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains. The company reported a consolidated net profit of Rs 17.21 crore in the year-ago period, a BSE filing showe

Omaxe Q4 results: Net loss at Rs 145 cr, income up 82% at Rs 542 cr. Realty firm Omaxe Ltd has posted a consolidated net loss of Rs 145.05 crore in the quarter ended March 2024 despite rise in income. The company had posted a net loss of Rs 105.47 crore in the year-ago period. Total income rose 82 per cent to Rs 542.32 cror

Schneider Group-owned Lauritz Knudsen to invest Rs 850 crore in 3 years. L&T Switchgear, the electrical and automation arm of L&T, which Schneider Electric acquired in 2020, is rebranded as Lauritz Knudsen

RBI bars Edelweiss ARC from acquiring financial asset with immediate effect. The central bank also bans Edelweiss arm ECL Finance from undertaking any structured transactions

Realty major Prestige Estates aims for 30% increase in sales in FY25. The optimistic outlook comes even as the company reported a 70 per cent drop in the fourth-quarter consolidated profit to Rs 140 crore, due to lower income

PTC India defers board meeting due to unavailability of subsidiary results. Power trading solution provider PTC India on Wednesday said it has deferred its May 30 board meeting due to non-availability of financial results of subsidiary PFS. PTC India Financial Services (PFS), in which the company holds 64.99 per cent stake, is reg

Samvardhana Motherson Q4 results: Net profit jumps 2-fold to Rs 1,444 cr. Auto components maker Samvardhana Motherson International Ltd on Wednesday posted a two-fold jump in consolidated net profit to Rs 1,444 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 699 crore in the January-Mar

PwC partners with OpenAI to become ChatGPT's largest enterprise customer. The deal reportedly aims to develop advanced foundation models to streamline complex tasks and deliver personalised insights for PwC's tax, legal, and HR professionals

Role of foreign investments in India's thriving startup ecosystem. Foreign investments bring crucial capital, technology, and global market access, propelling India's startup success and innovation

Emami Q4 results: Net profit rises 3.6% to 146.75 cr, revenue up 6.6%. Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024. The company's PAT for the same quarter of the previous fiscal stood at R

Dhaksha adopts Dassault Systemes platform to accelerate next-gen drones. Dhaksha is leveraging the 3D Experience platform, including its Simulia software applications, to design and develop a comprehensive range of UAS solutions

Adani Energy Solutions seeks shareholders' nod to raise Rs 12,500 crore. Adani Energy Solutions will seek shareholders' approval to raise Rs 12,500 crore in its annual general meeting on June 25. The company is looking to raise funds by way of qualified institutions placement (QIP) to eligible investors through issuance of equi

Tata Steel Q4 results: Net profit falls 64% to Rs 611 crore on lower prices. The country's second biggest steelmaker by market cap said its consolidated net profit fell 64% to Rs 611 crore (.3 million) in the three months to March 31

Cost of living doesn't influence compensation packages: KPMG Survey. Cost of living in a particular city does not influence the compensation packages for talent, a survey of recruitment leaders undertaken by a consultancy firm revealed. Around 95 per cent of human resources leaders and talent acquisition heads from 40 compa

Popular Vehicles & Services Q4 results: PAT rises 40% to Rs 20 crore. Automotive dealership firm Popular Vehicles & Services Ltd on Wednesday reported 40 per cent year-on-year increase in Profit After Tax (PAT) at Rs 20.1 crore for the March quarter. The Kochi-headquartered company had posted a PAT of Rs 14.3 crore in the fo

Reliance Retail's JioMart to deliver groceries in 30 mins from next month. May expand half hour delivery to electronics and fashion categories

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme. The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

Consulting firm PwC to be largest customer of OpenAI's enterprise product. PwC will provide the product, ChatGPT Enterprise, to around 100,000 of its employees in the USA and the UK

Varanasi, Detroit, Venice to host Toyota's mn sustainability initiative. Varanasi faces challenges managing the influx of pilgrims and tourists, particularly regarding safety and accessibility in crowded areas

RBI imposes Rs 36.38 lakh penalty on HSBC for violating Fema regulations. The Reserve Bank on Wednesday imposed a fine of Rs 36.38 lakh on foreign lender HSBC for Foreign Exchange Management Act (FEMA) violations. The central bank said reporting requirements under the Liberalised Remittance Scheme of FEMA, 1999 were not followed

Trial to triumph: Adani Group cos echoes message in latest annual reports. Five Adani group listed entities - NDTV, Adani Ports and SEZ (APSEZ), Ambuja Cements, Adani Energy Solutions and Adani Green Energy (AGEL), have released their annual reports so far

P&G Hygiene appoints Mrinalini Srinivasan chief financial officer. Srinivasan has worked across various finance roles in her career spanning 16 years

Volkswagen to develop low-cost electric car to tackle Chinese rivals. The target is to produce electric vehicles for the European market priced at around 20,000 euros (,746), Volkswagen said, adding that a world premiere was planned for 2027

All procedure followed for share sale, says REL Chairperson Rashmi Saluja. Refuting allegations by Burman family, Religare Enterprises Ltd (REL) Executive Chairperson Rashmi Saluja said the share sale by her was in accordance with procedure and approval of the board. Earlier this month, Burman Family, who are locked in a pitched

Maruti Suzuki India likely to set up at least 400 service outlets in FY25. Akella explained the distribution of these service touchpoints between main urban centres and other regions

Amara Raja Q4 result: Net profit rises 62% to Rs 228 cr on strong demand. BENGALURU (Reuters) - Indian battery maker Amara Raja Energy & Mobility posted a rise in quarterly profit on Tuesday, helped by strong demand for its batteries from the automobile companies.

Jagran Prakashan Q4 results: Profit down 74% at Rs 6 cr, revenue up 10.9%. Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported a 74.1 per cent decline in its consolidated net profit to Rs 6.02 crore for the fourth quarter ended on March 31, 2024. The company had posted a net profit of Rs 23.27 cr

Infra.Market raises million from existing investor MARS Unicorn Fund. Infra.Market intends to use the proceeds of the latest raise to cater to newer global markets and increase its presence across product verticals

Brigade Q4 results: Profit up 234%, revenue rises 102% on strong demand. In FY24, Brigade launched 5.26 million square feet in the residential sector and 0.94 million square feet in the commercial sector

China's BYD launches new hybrid vehicle tech with lower fuel consumption. Plug-in hybrids priced from 79,800 yuan (,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore. State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose t

IRCTC Q4 results: Net profit rises 2% to Rs 284 cr, revenue up 19%. The IRCTC board has declared a final dividend of Rs 4 per share of face for the financial year 2023-24

360 One bets big on health care, technology, and financial services. Nath said its secondaries fund is India's first which is addressing a massive, untapped market, building on a strong relevant track record

Gensol Engineering Ltd Q4 results: Net profit jumps three-fold to 20 cr. Gensol Engineering Ltd on Tuesday reported a nearly three-fold jump in its consolidated net profit to Rs 20 crore during the March 2024 quarter, on account of higher revenue. It had posted a profit after tax (PAT) of Rs 7 crore in the year-ago period, the

Hindalco Industries looks to garner 5 million via Novelis US IPO. To offload 45 mn shares, or 7.5% stake, at -21 apiece; values arm at .6 bn

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