Hindalco's India business, including Utkal Alumina, reported good results for the January-March quarter of the financial year 2024-25 (FY25) and consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda) also rose. Earnings growth was driven by favourable pricing, lower input costs and lower tax outgo for Novelis.
Novelis' Q3FY25 volume stood at 904,000 tonnes (down 1 per cent Y-o-Y, down 4 per cent Q-o-Q), due to lower VAP and automotive shipments. Revenue stood at $4.1 billion (+4 per cent Y-o-Y, down 5 per cent Q-o-Q).
India skipper Virat Kohli emerged as the International Cricketer of the Year at the CEAT Cricket Ratings awards which were presented, in Mumbai, on Monday night.
Mumbai skipper Wasim Jaffer was adjudged Cricketer of the Year, while the late Ashok Mankad was posthumously conferred the Lifetime Achievement award at the 'CEAT Cricket Rating (CCR) Domestic awards 2009' in Delhi on Tuesday. Jaffer received a cash prize of Rs 200,000, while Cheteshwar Pujara from Saurashtra, who was named batsman of the year, and Mumbai's Dhawal Kulkarni, named bowler of the year, were handed Rs 100,000 each.
In their ground-breaking study, a team at Pennsylvania University made laboratory rodents HIV resistant by sabotaging a gene in blood cells that the deadly virus normally infects, the Nature Biotechnology journal reported.
The shutdown of the gasoline making units would result in the production of high sulphur gasoline that cannot be sold in India.
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