Today’s top business stories: Hindalco’s big investment, gold price surge, renewable energy expansion and more

Hindalco’s Massive Investment: KM Birla's Hindalco plans to invest ₹45,000 crore in the domestic metal business, focusing on EV mobility, renewable energy, and semiconductors.

Battery Foil & EV Growth: Hindalco is pioneering battery materials for India’s EV revolution and setting up a Copper Foil facility.

Renewable Energy Expansion: Hindalco adds 150 MW to its renewable energy capacity, reaching 350 MW in total.

Real Estate Investment: Ravi Puravankara buys 12 commercial properties in Mumbai for ₹242 crore.

Gold Price Surge: Citi raises its gold price target to $3,200/oz for the next three months, with a bull case of $3,500/oz by year-end.

KDMC Budget & AI Labs: The Kalyan Dombivli Municipal Corporation approves a ₹3,361 crore budget, allocating funds for AI robotics labs in municipal schools.

West Bengal’s Revenue Growth: The state's revenue for FY 2025-26 is projected at ₹2.66 lakh crore.

JSW’s Copper Smelter: JSW plans a 500,000-ton capacity copper smelter in Odisha by 2028-29.

GST Relief on Insurance: IRDAI supports GST relief on life and health insurance; the GST Council to review it in May.

Kotak’s ‘Choti SIP’: Kotak Mutual Fund launches ₹250 ‘Choti SIP’, making mutual funds more accessible.