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The strong operational performance was driven by favorable metal benefit from recycling, higher pricing, and lower operating costs compared to last year. However, revenue dropped by 6% YoY due to lower aluminium prices and flat volumes.
The succession plan unfolds amid a broader churn in the C-suites of the $245-billion Indian IT industry that is grappling with weak client demand in the face of inflationary pressures and global macroeconomic uncertainty.
LTIMindtree, India's No.6 IT services provider by revenue, has identified two internal candidates for the top job as it is unlikely to extend CEO Debashis Chatterjee's term that is set to end next...
US-based Novelis Inc – a subsidiary of the company - said that the company will now spend $4.1 billion on the integrated rolling and recycling plant to be set up in Bay Minette in the US, up a staggering 65% from the previously announced capex of $2.7-$2.8 billion.
The company released its Q3 numbers post market hours on Monday, reporting a net profit of ₹9,094 crore, a robust 18% YoY growth. This was the highest PAT earned during the third quarter of any year since the company’s listing.