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Hindalco net profit seen to decline 2% at Rs 450 crore

Thomas Cook India Ltd (TCIL) said numerous third parties are interested in buying the stake.

Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
Aditya Birla Group firm Hindalco is likely to report a fall in net profit on account of higher input costs in the third quarter ending December 2011. A sharp depreciation in the rupee is likely to cushion the impact of fall in aluminium prices though. Shares of the company plunged 6% in a flat market today. That was because Novelis, which contributes a major chunk to Hindalco's revenue, reported Q3 loss of $12 million against a net l...
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