India and its workforce make a global mark
Various deals with companies in the US, Germany and Japan reflect India’s attraction across diverse sectors. Hindalco unit to buy Aleris for $2.6bn Hindalco Industries has agreed to acquire US-based Aleris Corporation for an enterprise value of $2.58 billion in a move that will help Hindalco become a global leader in aluminium excluding China. The acquisition will be done through Hindalco’s wholly owned subsidiary, Novelis Inc. The combined entity will have revenue of $21 billion and an employee base of [...]