Industry Trends

Hindalco Industries to invest ₹21,000 crore in Odisha smelter expansion

Hindalco Industries announced a ₹21,000-crore expansion of its Aditya Aluminium smelter in Odisha and commissioned new flat rolled products and battery-grade aluminium foil facilities, as part of a ₹37,000-crore planned investment in the state aimed at reducing aluminium import dependence, supporting lithium-ion battery manufacturing and generating over 15,000 jobs.

Industry Trends

Rupee slide rattles investors. Will the currency breach the 100 mark?

The US Dollar has remained weak against the Pound Sterling and Euro, although it has shown some selective strength against the Japanese Yen. Against the Chinese Yuan, the depreciation has been more pronounced, signalling continued pressure in the Asian currency complex.

Industry Trends

Asian Paints shares tumble 5% after Q3 PAT falls 5% YoY

Asian Paints shares slid 5% after the company reported a nearly 5% year-on-year decline in Q3 consolidated net profit. Despite modest revenue growth, margin expansion and improved sequential profitability, investor sentiment weakened following the earnings announcement.

Industry Trends

ED Files Chargesheet Against WinZO, Alleges Bots Duped Players Of Rs 734 Crore

The ED alleges that WinZO embedded bots, AI and algorithm-based profiles until December 2023 and began simulating historical match-play data for inactive players against real users from May 2024. The post ED Files Chargesheet Against WinZO, Alleges Bots Duped Players Of Rs 734 Crore appeared first on MEDIANAMA .