Kumar Birla on how buying Aleris helps Hindalco

‘Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco’s $6-billion revenue, then on a consolidated basis, we will become the world’s......

New tax norms to hit dividends received from foreign arms

Dividend distribution tax in FY20 would only be applicable after deducting Rs 70 received from the foreign subsidiary, meaning 20.56 per cent DDT would be paid only on Rs 30. Illustration: Dominic......

Indian companies facing the heat in foreign acquisitions

Tata Steel Ltd is not the only company to have made a massive non-cash write-down on its foreign business.Many top Indian companies that have gone on a frenzied foreign acquisition drive in the......

Hindalco to acquire alumina refinery from Novelis

Hindalco Industries, the metals flagship of the Aditya Birla Group, on Friday said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned......