Fri, Dec 13, 2024 6:49 PM
Gold, silver prices slump amid heavy selling by jewellers, stockists
A Flip by Shubhangi Gupta
The Union government has set a coal production target of 1,193.39 Million Tonne (MT) for the financial year 2025-26, up 10.5 percent from the FY25 target of producing 1,080 MT of the fossil fuel in India, according to two senior officials in the Ministry of Coal. So far, 96 coal mines have been auctioned for commercial operations by the government.
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The board of directors of JK Paper Ltd in its meeting held on December 13 approved a composite scheme of arrangement in which three wholly-owned subsidiaries of the company will be merged into JK Paper to consolidate and streamline the company’s structure. They also approved the acquisition of a majority stake in Radhesham Wellpack Pvt Ltd, a corrugated packaging company.
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Nifty formed a hefty engulfing bullish pattern on the daily chart on Friday, which has engulfed the smaller range movements of the last five sessions on the upside. This signals that bulls are back in the market with big-bang action. The swing low of Friday seems to have confirmed the formation of a new higher bottom of a bullish chart pattern like higher tops and bottoms.
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