Fri, Dec 13, 2024 6:52 PM
Gov sets coal production target of 1,193.39 MT for FY26: Ministry officials
A Flip by Shubhangi Gupta
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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Gold and silver prices slumped in the national capital on Friday, with gold falling below Rs 80,000-mark to Rs 79,500 per 10 grams and silver diving Rs 4,200 to Rs 92,800 per kg due to heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, a weak trend in the international markets weighed down heavily on the bullion prices, traders said.
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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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