The brutal correction - some hot mid- and small-cap stocks are down nearly 50% from their peaks - has rattled many investors, especially new investors who have never known a downcycle in their investment journey.
At least one person was killed and others were injured when private jets collided Monday afternoon at the Scottsdale Airport in Arizona, authorities said.
As per Vedanta's revised December 2024 composite scheme of the arrangement, the demerger will result in the creation of five sector-focused entities - Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power and Vedanta Iron & Steel, while Vedanta Limited will hold both upcoming and some existing businesses not covered by the above four verticalised revenue streams.
NSE's Metal index fell 2.64% on Monday, while the Nifty declined 0.8% - extending losses to the fourth straight trading session. National Aluminium was the top loser on the index, down 4.9%, whereas Steel Authority of India (SAIL), Vedanta, and NMDC declined over 4% each.
President Donald Trump on Monday removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%. Trump also hiked his 2018 aluminum tariffs to 25% from 10%.