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Birla’s aluminum giant posts fall in profit

Bloomberg India’s Hindalco Industries Ltd posted a 33% decline in quarterly profit as a slide in metal prices and weak demand squeezed margins. Group net income fell to 9.74 billion rupees ($136 million) during the three months ended in September from 14.5 billion rupees a year earlier, the aluminum and copper producer run by billionaire Kumar Mangalam Birla said. Sales ...

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Singapore’s green-finance hub target gets a $2b boost

Bloomberg Singapore pledged more incentives to encourage green lending, measures that may propel its way in a race to be a global sustainable-financing hub. The city-state will launch a $2 billion green investments programme, according to Monetary Authority of Singapore board member Ong Ye Kung. The central bank’s funds will go to projects with a “strong green focus,” and to ...

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India, US to hold bilateral talks on November 13

Bloomberg India’s Commerce and industry minister Piyush Goyal will meet his counterpart US Trade Representative, Robert Lighthizer, on November 13 to discuss “outstanding bilateral issues,” the government said in a statement. The talks come days after India exited a China-backed trade agreement covering much of Asia, citing domestic concerns. Goyal will also take part in the BRICS trade ministers’ meeting ...

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