The Supreme Court on Monday rejected Vedanta’s appeal seeking to block the Goa government from resuming the e-auction process for the iron ore mining lease at Curpem and Sulcorna Mineral Block-XI in South Goa, according to a report by The Economic Times.
Iron ore futures fell on Monday as the latest tariff threat from US President Donald Trump triggered broad risk-off sentiment, although signs of recovering demand in top consumer China limited losses.
In yet another major escalation of his trade policy overhaul, US President Donald Trump announced that on Monday the United States will impose 25 per cent tariffs on all steel and aluminium imports, which would come on top of additional metal duties-- expected to be disclosed later in the week.
11 Feb, 2025 - Special CorrespondentAs US President Donald Trump issued a fresh threat of imposing a 25 per cent tariff on steel and aluminium, Indian companies feared a downward pressure in domestic steel prices due to the risk of losing out on the largest steel consumer market.
11 Feb, 2025 - Special CorrespondentShares of metal majors Vedanta Ltd and Tata Steel Ltd have turned negative in the year 2025. Both Vedanta and Tata Steel stocks are down 2% this year. The metal stocks are highly volatile with beta of 1.3 (Vedanta) and 1.4 (Tata Steel) in the last one year.
11 Feb, 2025 - Special Correspondent