Pursuits
Hindalco Tumbles as India Court Summons Billionaire Birla
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Hindalco Industries Ltd. fell the most in two months in Mumbai after an Indian court summoned billionaire Chairman Kumar Mangalam Birla and former Prime Minister Manmohan Singh in a case regarding allocation of coal mines.
The shares of India’s second-largest aluminum and copper producer fell 5.6 percent to 130.35 rupees at the close in Mumbai, the most since Jan. 14. The stock was the worst performer today on the benchmark S&P BSE Sensex, which dropped