Hindalco shares tumble 6.5% as Q3 profit slides, brokerages weigh Novelis impact

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Hindalco's Q3 profit drop was attributed mainly to a one-time provision related to the fire accident at its US-based subsidiary Novelis.

Hindalco’s Q3 profit drop was attributed mainly to a one-time provision related to the fire accident at its US-based subsidiary Novelis. | Photo Credit: DENIS BALIBOUSE

Shares of Hindalco Industries came under pressure on Friday, falling 6.5 per cent, leading the losers of Nifty 50after the company reported a sharp decline in net profit for the December quarter, largely due to an exceptional loss linked to a fire incident at its overseas subsidiary.

The stock traded at ₹908 on the NSE at 10.09 am, hitting a low of ₹901 against the previous close of ₹964.40.

The Aditya Birla Group company posted a consolidated net profit of ₹2,049 crore for the quarter, down 45 per cent from ₹3,735 crore a year earlier. The fall was attributed mainly to a one-time provision related to the fire accident at its US-based subsidiary Novelis. Revenue from operations, however, rose 14 per cent year-on-year to ₹66,521 crore compared with ₹58,390 crore, while EBITDA increased 5 per cent to ₹8,543 crore from ₹8,108 crore. The company reported an exceptional loss of ₹2,610 crore during the quarter.

Brokerages offered mixed assessments of the results and outlook. Analysts at Citi downgraded the stock to neutral from buy, though they raised the target price to ₹1,000 from ₹920. They said the structural bullish thesis could be tempered by leverage concerns, noting uncertainty over insurance recovery related to the Oswego fire and warning that cash flow impact appears higher than earlier expected. They also projected Novelis’ net debt-to-EBITDA ratio could climb to about 4.5 times by FY27.

Jefferies maintained a hold rating and lifted its target price to ₹890 from ₹855, describing the quarter as weak and flagging concerns around Novelis. The brokerage noted softer-than-expected performance in the domestic aluminum business and said multiple fire incidents cloud operational visibility while rising debt levels remain a concern. It nevertheless raised FY27–28 earnings estimates by 6 per cent on the back of stronger aluminum prices.

In contrast, HSBC retained a buy call but trimmed its target price to ₹1,210 from ₹1,240, arguing that underlying earnings remained strong and the Oswego impact should be viewed as a one-off event. The brokerage said higher working capital drove the jump in net debt, which it expects to reverse, and added that tight global aluminum supply conditions could support profitability.

Domestic brokerage JM Financial stated consolidated adjusted EBITDA came in marginally below expectations, with weaker performance at Novelis weighing on earnings. The brokerage highlighted improved aluminum EBITDA in India on strong global prices but pointed to a sharp rise in net debt due to higher borrowings and working capital needs. It maintained a buy at target price of ₹1,120, citing supportive metal prices and resource security following recent mine acquisitions.

Motilal Oswal Financial Services said consolidated performance was largely in line with expectations and driven by favorable pricing, with domestic operations expected to stay resilient. However, it cautioned that the fire incident and cost escalation at the Bay Minette project weaken near-term visibility. The brokerage expects insurance recoveries to offset part of the impact over the next 18–24 months and reiterated a buy call at a target price of ₹1,110.

The divergent brokerage views reflect a split between concerns over leverage and overseas disruptions and confidence in the company’s core domestic business, leaving investors focused on how quickly operational and balance sheet clarity emerges in the coming quarters.

Published on February 13, 2026

TCS, Infy, HCL, Wipro, Coforge stocks crashes 5% as AI concerns lead IT sell-off

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Markets opened sharply lower on Friday, with the Sensex falling 790.71 points to 82,884.21 and Nifty declining 254.95 points to 25,552.25, tracking a global tech sell-off driven by mounting concerns over artificial intelligence disruption to traditional business models.

The Nifty IT index bore the brunt of the sell-off, plummeting 4.72 per cent to 31,594.70 in early trade. Infosys led the losers, crashing 6.11 per cent to ₹1,301.30, followed by TCS down 4.59 per cent at ₹2,624.00, HCL Technologies declining 4.38 per cent to ₹1,411.50, and Wipro falling 3.55 per cent to ₹211.31. The sector witnessed its sharpest single-day decline in ten months.

“The sell off in AI stocks in US markets was expected but the timing and extent of the sell-off was not known,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited. “What is rattling the Indian market now is the massive sell-off in IT stocks, which is the second largest profit pool of India Inc.”

The sell-off followed a sharp decline in US technology stocks, with the Nasdaq tumbling 2.03 per cent overnight as investors reassessed the impact of AI startups on established tech companies. “Wall Street indexes fell sharply on Thursday, with the technology-heavy Nasdaq slumping 2%, as investors intensified their selloff of tech shares,” noted Devarsh Vakil, Head of Prime Research at HDFC Securities.

The Sensex, which closed at 83,674.92 in the previous session, opened at 82,902.73, while Nifty opened at 25,571.15 against its previous close of 25,807.20. Nearly ₹2.80 lakh crore in market capitalization was erased in the previous session.

“Indian equity markets are expected to open on a mildly negative note, tracking continued weakness in global equities after a sharp sell-off in technology stocks,” said Ponmudi R, CEO of Enrich Money. “Growing concerns over AI-led disruption and fading optimism around near-term global rate cuts—following strong US jobs data—are likely to weigh on sentiment.”

Among other IT stocks, Coforge declined 6.00 per cent, Oracle Financial Services Software fell 4.51 per cent to ₹6,459.00, LTIMindtree dropped 3.64 per cent to ₹5,022.00, Persistent Systems lost 3.34 per cent to ₹5,270.00, Mphasis declined 3.17 per cent to ₹2,385.80, and Tech Mahindra fell 3.14 per cent to ₹1,488.40.

The broader market showed mixed signals, with select financial stocks witnessing buying interest. Bajaj Finance emerged as the top gainer, rising 0.52 per cent to ₹1,004.30, followed by SBI Life Insurance up 0.51 per cent at ₹2,032.40, Apollo Hospitals gaining 0.29 per cent to ₹7,561.00, State Bank of India advancing 0.28 per cent to ₹1,195.70, and HDFC Bank edging up 0.21 per cent. to ₹922.50.

“Panic selling in IT stocks at this stage may not be a good idea. Investors may wait and watch for the dust to settle,” advised Dr. Vijayakumar. “The market turbulence can be used to accumulate high quality growth stocks, particularly those that have come out with good Q3 results.”

Beyond IT, Hindalco witnessed significant selling pressure, declining 5.78 per cent to ₹908.70. The metal stock was among the notable losers alongside technology companies.

“The 50-day SMA at 25,750/83500 would act as a key support zone for traders,” said Shrikant Chouhan, Head Equity Research at Kotak Securities. “If the market manages to trade above this level, it could bounce back to 25,900-25,950/84000-84200.”

Foreign Institutional Investors continued their buying streak, purchasing equities worth ₹108 crore on February 12, while Domestic Institutional Investors invested over ₹276 crore, providing some cushion to the markets.

Published on February 13, 2026

‘The tears just keep flowing’: child victims of Tumbler Ridge shooting remembered as Carney heads to join vigil | Tumbler Ridge school shooting

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Canadian prime minister Mark Carney is to join mourners in Tumbler Ridge on Friday, as authorities and relatives released details of the five children and assistant teacher killed by a shooter in the remote mining town’s high school.

Carney will attend a vigil in Tumbler Ridge in memory of the victims, and he invited leaders from all political parties to join him in the town, the site of the country’s deadliest mass shooting in years.

Among the dead was 12-year-old Kylie Smith, whose family remembered her as “the light in our family”.

“She loved her family, friends, and going to school,” her family said in a statement. “She was a talented artist and had dreams of going to art school in the big city of Toronto. Rest in paradise, sweet girl, our family will never be the same without you.”

Kylie Smith Photograph: AP

Kylie’s father, Lance Younge, recounted how he spent six hours walking around the local recreation center where students were reuniting with their families trying to learn what happened to his daughter.

Younge told CTV News: “I went home not knowing where my daughter was until a high school kid … came here and told us her story about trying to save my daughter’s life,” he said.

The family of 12-year-old victim Zoey Benoit described her as “resilient, vibrant, smart, caring and the strongest little girl you could meet”.

Zoey Benoit Photograph: AP

Peter Schofield, whose grandson, 13-year-old Ezekiel Schofield, was killed, shared his grief in a Facebook post, saying: “Everything feels so surreal. The tears just keep flowing.”

Ezekiel Schofield
Ezekiel Schofield Photograph: AP

Abel Mwansa Sr, the father of 12-year-old Abel Mwansa Jr wrote on Facebook that he was “broken” seeing his son’s body “lifeless”.

He added: “Seeing you leaving the house with that beautiful smile while going to Tumbler Ridge high school was so refreshing … I saw a bright future, a leader, an engineer, also a scientist in you.”

Abel Mwansa Photograph: AP

Sarah Lampert, whose 12-year-old daughter Ticaria was among those killed, told reporters: “She just wanted to bring sunshine to everything and everyone she ever touched.

“I now have to figure out how to live life without her.”

Authorities on Thursday identified the remaining victim as assistant teacher Shannda Aviugana-Durand, 39.

The suspect’s mother – 39-year-old mother, Jennifer Jacobs, also known as Jennifer Strang – and 11-year-old stepbrother Emmett Jacobs were found dead at the family home nearby, while the suspected shooter – identified as Jesse Van Rootselaar – was found at the school with a self-inflicted gunshot wound.

Emmett Jacobs Photograph: AP

Police have said they were called on multiple occasions to the home of the teenage suspect behind one of Canada’s deadliest school shootings after concerns were raised regarding mental health problems and weapons.

Dwayne McDonald, a deputy commissioner of the Royal Canadian Mounted Police (RCMP): “Police had attended that residence on multiple occasions over the past several years dealing with concerns of mental health with respect to our suspect,” McDonald said. On different occasions the suspect had been apprehended under the country’s mental health act for assessment and follow-up, he added.

McDonald also said that at least one of the interactions with police related to weapons. “Police have attended that residence in the past, approximately a couple of years ago, where firearms were seized under the criminal code,” he said. “At a later point in time, the lawful owner of those firearms petitioned for those firearms to be returned and they were.”

The suspect had a firearms licence that had expired in 2024 and did not have any firearms registered in her name, he said.

Trent Ernst, publisher of Tumbler RidgeLines, the town’s biweekly newspaper, said one of the biggest frustrations in the community was the lack of medical support and in particular mental health services, in the town which lies more than 1,000km (600 miles) northeast of Vancouver

“The majority of people that I’ve talked to are sad more at the fact that Tumbler Ridge doesn’t have the level of support for mental health and health services in general,” he said.

“Right now, there are five mental health nurses in town. But this is the exception, and it’s an exceptional situation. There are times where we’ll go months, if not years, without having anybody in mental health services in town,” he said.

Mourners braved frigid cold on Wednesday night to honour the victims, with Mayor Darryl Krakowka telling them, “It’s OK to cry.”

Krakowka described the town as “one big family,” and encouraged people to reach out and support each other, especially the families of those who died in the attack. The community must support victims’ families “forever,” not only in the days and weeks to come, he said.

With Associated Press and Agence France-Presse



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Japan seizure of Chinese vessel, arrest of captain, could heighten tensions | Border Disputes News

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Japan’s Fisheries Agency says captain of Chinese vessel arrested for allegedly defying orders to stop for inspection at sea.

Japanese authorities have seized a Chinese fishing vessel and arrested the captain for allegedly defying an order to stop for ⁠inspection by fisheries authorities in Japan’s exclusive maritime economic zone, officials said.

While Japan has seized fishing vessels from South Korea and Taiwan in recent years, ⁠the incident is the first ⁠involving a Chinese vessel since 2022 and could inflame tensions between Tokyo and Beijing, following a bitter diplomatic dispute between the two ⁠countries late last year.

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Japan’s Fisheries Agency said on Friday that the boat’s captain, a 47-year-old Chinese national, was arrested and accused of “trying to evade an onboard inspection” in ‌waters off Japan’s southwest Nagasaki Prefecture on Thursday, 89.4 nautical miles (165km) south-southwest of Meshima Island, the Kyodo News agency reports.

“The vessel’s captain was ordered to stop for an inspection by a fisheries inspector, but the vessel failed to comply and fled,” the agency said in a statement.

“Consequently, the vessel’s captain was arrested on the same day,” the agency said. There were a further 10 people on board at the time, the agency added.

Japanese broadcaster NHK said the vessel was “capable of catching a large quantity of fish such as mackerel and horse mackerel”.

“The agency suspects the boat may have entered Japan’s EEZ (exclusive economic zone) to conduct illicit fishing. It has not disclosed whether the captain admitted to the allegations, saying it might influence the investigation,” NHK reports.

China’s ‌Ministry of Foreign Affairs did not immediately respond to a request for comment on Friday from the Reuters news agency.

China has a number of territorial disputes with Japan, and there have been repeated incidents around Japan’s Senkaku Islands, which are known as the Diaoyu Islands in China.

Japan’s Chief Cabinet Secretary Minoru Kihara told a regular news conference on Friday that Japan “will continue to take resolute action in our ⁠enforcement activities to prevent and deter ⁠illegal fishing operations by foreign vessels”.

In November, Japanese Prime Minister Sanae Takaichi enraged China by suggesting that Japan could intervene militarily if Beijing sought to take Taiwan – which it claims as Chinese territory – by force.

Beijing summoned Tokyo’s ambassador to denounce Takaichi’s remarks, warned Chinese citizens against visiting Japan and conducted joint air drills with Russia in the East China Sea and western Pacific Ocean.

China also tightened controls on exports to Japan for items with potential military uses and reportedly suspended imports of Japanese seafood.



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Japan seizes Chinese fishing boat inside its economic waters amid rift with Beijing | Japan

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Authorities in Japan have seized a Chinese fishing boat and arrested its captain in a move that is likely to inflame an ongoing diplomatic row between Tokyo and Beijing.

The seizure, which occurred on Thursday about 170km from the south-western port city of Nagasaki, came after the skipper refused an order to stop for an onboard inspection, according to media reports.

A Japanese fisheries agency vessel intercepted the Chinese boat and its 11 crew after spotting it in Japan’s exclusive economic zone – an area within 200 nautical miles (370km) of its coastline.

It is the first time the agency has seized a Chinese fishing boat since 2022, and the first incident of its kind involving any foreign fishing vessel this year. In 2025 it inspected a Taiwanese and South Korean vessel as part of a crackdown on illegal fishing.

The Chinese boat’s 47-year-old skipper was arrested on suspicion of attempting to evade an onboard inspection by a Japanese fisheries control officer. The Nikkei business newspaper said the vessel appeared to have been fishing for mackerel.

“The vessel’s captain was ordered to stop for an inspection by a fisheries inspector, but [it] failed to comply and fled,” the agency said in a statement. “Consequently, the captain was arrested.”

Japan’s chief cabinet secretary, Minoru Kihara, told reporters on Friday: “We will continue to take resolute action in our enforcement activities to prevent and deter illegal fishing operations by foreign vessels.”

China’s foreign ministry has yet to comment on the incident, which comes at a tense time for bilateral ties, weeks after Japan’s prime minister, Sanae Takaichi, sparked a furious row over the future of Taiwan.

Speaking to MPs in November, Takaichi said Japan could become militarily involved in the event of an attempted Chinese invasion of Taiwan. Takaichi, who is regarded as a China hawk, said her country’s self-defence forces could deployed if a crisis in the Taiwan Strait created a “survival-threatening situation” for Japan.

The remarks, which she has refused to withdraw, prompted Beijing to call on Chinese nationals not to travel to Japan as tourists or students, and led to the cancellation of cultural events.

The dispute is also thought to be behind the decision not to send giant pandas to Japan – a goodwill gesture in place since the countries normalised diplomatic ties in 1972 – after the departure of two of the animals from a Tokyo zoo last month.

China and Japan are also embroiled in a longstanding territorial dispute that has been exacerbated by the actions of fishers. In 2010, the arrest of the captain of a Chinese boat near the disputed Senkaku islands triggered a major diplomatic row. The captain, whose boat had collided with a Japanese inspection vessel, was later released without charge.

Recent media reports claimed that the government in Tokyo had privately urged Japanese fishers to steer clear of the Senkakus to avoid provoking China. The uninhabited islands, which are surrounded by rich fishing grounds, are administered by Japan but claimed by China, where they are known as the Diaoyu.

Officials in Japan, whose westernmost island Yonaguni lies just 110km from Taiwan, believe a crisis surrounding the self-governed democracy could quickly threaten Japanese security.

China insists that Taiwan is part of its territory and has not ruled out force to achieve “reunification”.

The Taiwanese president, Lai Ching-te, warned this week that other parts of the region would be targeted by China if it succeeded in seizing Taiwan.

Beijing would become “more aggressive, undermining peace and stability in the Indo-Pacific and the rules-based international order”, he said in an interview with Agence France-Presse.

“The next countries under threat would be Japan, the Philippines and others in the Indo-Pacific region, with repercussions eventually reaching the Americas and Europe.”

In response to Takaichi’s comments, Beijing conducted joint air drills with Russia, and in December jets from China’s Liaoning aircraft carrier twice locked radar on Japanese aircraft in international waters near the nawa.

Takaichi, whose Liberal Democratic party won last week’s lower house elections by a landslide – partly on the back of strong public support for her stance on China – said this week she was “open to dialogue” with Beijing.

China’s foreign ministry said talks could not take place as long as Takaichi continued to choose “confrontation”.

“If Japan truly wants to develop a strategic and mutually beneficial relationship with China, it’s very easy and clear: withdraw Takaichi’s erroneous remarks about Taiwan,” ministry spokesperson Lin Jian said.



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Uncle ji picked up the guitar at night and went to the balcony and started singing ‘Dooba-Dooba’, you will also appreciate it after listening to it.

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Uncle ji picked up the guitar at night and went to the balcony and started singing ‘Dooba-Dooba’, you will also appreciate it after listening to it.

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Uncle ji picked up the guitar at night and went to the balcony and started singing ‘Dooba-Dooba’, you will also appreciate it after listening to it.

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Viral Video: In the silence of the night, when everyone was preparing to sleep, uncle ji picked up the guitar and went to the balcony and started humming the song ‘Dooba-Dooba’. His composed voice and the melodious tune of the guitar made the atmosphere melodious. Hearing this performance resonating in the quiet night, the people around also stopped and started listening attentively. The video of this beautiful moment is becoming increasingly viral on social media. People are praising uncle ji’s talent and passion in the comments. Many users say that music has no age and if sung from the heart then every song becomes special. You also watch the viral video..

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One person dead from Nipah virus in Bangladesh, WHO says | Bangladesh

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The World Health Organization said on Friday that a woman had died in northern Bangladesh in January after contracting the deadly Nipah virus infection.

The case in Bangladesh, where Nipah cases are reported almost every year, follows two Nipah virus cases identified in neighbouring India, which has already prompted stepped-up airport screenings across Asia.

The patient in Bangladesh – aged between 40 and 50 – developed symptoms consistent with Nipah virus on 21 January, including fever and headache followed by hypersalivation, disorientation and convulsion, the WHO added.

She died a week later and was confirmed the day after to be infected with the virus.

The person had no travel history but had a history of consuming raw date palm sap.

The WHO said all 35 people who had contact with the patient were being monitored and had tested negative for the virus, and no further cases had been detected to date.

Nipah is an infection that spreads mainly through products contaminated by infected bats, such as fruit. It can be fatal in up to 75% of cases, but it does not spread easily between people.

Countries including Malaysia, Thailand, Indonesia and Pakistan implemented temperature screenings at airports after India said cases of the virus had been found in West Bengal.

The WHO said the risk of international disease spread was considered low and that it did not recommend any travel or trade restrictions based on current information.

In 2025, four laboratory-confirmed fatal cases were reported in Bangladesh.

There are currently no licensed medicines or vaccines specific for the infection.



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Padma Bhushan Vidyanivas Mishra: The third pillar of the trilogy with Hazari Prasad-Kubernath, built between tradition and modernity

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Padma Bhushan Vidyanivas Mishra: Third pillar of the trilogy with Hazari Prasad-Kubernath, built a bridge between tradition and modernity.

IND vs PAK: Action like Pakistani Usman Tariq, Indian batsman trapped in the trap of Erasmus, tension increased for Team India

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Action like Usman Tariq, Erasmus trapped the batsmen, tension for India

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gerhard erasmus bowling action similar like usman tariq: Team India, which was moving towards a score above 250 against Namibia, was stopped within 210 runs by the opposing captain and spinner Gerhard Erasmus. Indian batsmen were seen struggling against Gerhard Erasmus. He took four wickets in the match. His bowling action is very much like that of Pakistan’s Usman Tariq, which has increased the tension of Team India, because the Indian batsmen are going to face Usman Tariq on 15th February.

Action like Usman Tariq, Erasmus trapped the batsmen, tension for IndiaZoom
Indian batsman caught in the trap of Gerhard Erasmus, whose bowling action is very much like Usman Tariq.

New Delhi. India defeated Namibia by 93 runs, but Team India’s batsman was seen struggling against Gerhard Erasmus, which has increased the tension of Suryakumar Yadav and company. That’s because the bowling action of Namibian captain and spinner Gerhard Erasmus is very similar to that of Pakistan’s Usman Tariq. Usman Tariq’s bowling action is round arm, but sometimes he bowls the ball with side round arm action, which makes it difficult for the batsmen to play. Erasmus also bowled in a similar manner, against which the Indian batsmen were seen struggling. Team India now faces a big challenge to deal with Usman Tariq. The match between India and Pakistan will be played in Colombo on 15th February.

Indian stalwarts stuck against Erasmus
Only Namibian captain and spin bowler Gerhard Erasmus was successful against India. He did not allow India to cross the 210-run mark by taking four wickets in four overs. This right-handed bowler with round arm action trapped great batsmen like Ishan Kishan, Tilak Verma, Hardik Pandya in his net. Gerhard bowled so tightly that he gave only 20 runs in a spell of four overs. In between, his balls with side round arm action troubled the Indian batsmen a lot.

Indian batsman caught in the trap of Gerhard Erasmus, whose bowling action is very much like Usman Tariq.

Usman Tariq also bowls in a similar manner
The important thing is that Erasmus bowled against India in the same manner that Team India is going to see from Pakistan’s Usman Tariq. Tariq has been in the news for the last few months because of his different kind of bowling action. He is an off-spinner and his elbow is very flexible, due to which his hand is not able to straighten completely. What makes him more dangerous is his oblique run-up and the pause of two-three seconds before putting the ball on the crease. His side arm action and then stopping to bowl creates problems for the batsman. For this reason, they can prove to be a big threat to the batsmen of Team India. Interesting thing is also that Tariq has never played against India before, due to which it is going to be a big challenge for the Indian batsmen.

About the Author

Shivam Upadhyay

Working as Sub Editor in Network 18 Group since November 2025. 3 years experience in journalism. Debuted in sports journalism with Zee News. Interested in writing about cricket as well as hockey and badminton. mother…read more

These countries are on top in buying gold, Pakistan is not even in the list, know where India is?

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In recent times, a huge jump has been seen in the prices of gold and silver. with gold Silver The prices are skyrocketing. Statistics show that in the last 5 years alone it has registered a growth of more than 265 percent. From China, Poland and Türkiye, India has increased its gold reserves. The Central Bank here was ahead in buying gold, while many countries have reduced the gold reserves, these include the Philippines to Sri Lanka. Let us know which countries are at the forefront in buying and selling gold and at what number India comes.

Which country bought the most gold?

According to the report of World of Static, China is at number one in terms of buying gold for the last five years i.e. from 2020 to 2025. China has purchased 357.1 tonnes of gold in the last five years. However, according to experts, it could be even more than this. After China, Poland is second in buying gold, which has purchased 314.6 tonnes of gold within the last five years. Turkey comes at third place, which has purchased 251.8 tonnes of gold.

Where is India in buying gold?

India is at fourth place, which bought 245.3 tonnes of gold. Apart from this, Brazil has bought 105.1 tonnes, Azerbaijan 83.6 tonnes, Thailand 80.6 tonnes, Hungary 78.5 tonnes and Singapore 77.3 tonnes. Iran bought 74.612 tonnes, Qatar 73.013 tonnes, Russia 55.4 tonnes and UAE 51.7 tonnes. Pakistan’s name is not included in the top-15 list. According to the report of the World Gold Council, after 2020, there has been an increase of 265 percent in the price of gold.

Which countries are ahead in selling gold?

In the last five years, Philippines is at first place in terms of selling gold, it has sold 65.2 tonnes of gold. Kazakhstan is at second place, which sold 52.4 tonnes of gold during this period. Sri Lanka sold 19.1 tonnes of gold. Germany’s gold reserve has also decreased by 16.3 tonnes. Mongolia sold 15.9 tonnes of gold. Apart from this, Tajikistan sold 11.9 tonnes of gold, Colombia sold 9.2 tonnes and Finland sold 5.4 tonnes of gold.