Hindalco’s shares plummeted 7% following subsidiary Novelis’s announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis’s adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data,
August 11, 2025