Aluminium futures testing a key barrier
Aluminium futures on the Multi Commodity Exchange (MCX) has been witnessing a rally for the last three weeks. It had found support at around ₹195 and rebounded. The contract then broke out of the resistance at ₹210 and rallied. However, over the past few sessions, the contract has been flat. The contract is facing a resistance at ₹226. Due to this, we might see a price correction, possibly to ₹215-210 price band. A fall below ₹210 can turn the near-term outlook weak.

Malabar Gold & Diamonds records annual turnover of over Rs 50,000 crore
Malabar Gold & Diamonds announced that it has achieved an annual global turnover of Rs 1,218 crore in the last financial year. The company also said that its retail expansion plan spans India and overseas markets with plans to open 100 new stores within the next one year. The brand currently operates 345 stores across 13 countries, with plans to open new stores in New Zealand, Egypt, Bangladesh, and more locations in Europe. The company will strengthen its presence in existing markets such as the US, Canada, UK, and Australia. 

GoMechanic to use ExxonMobil engine oil at its workshops
GoMechanic has announced a partnership with ExxonMobil Lubricants (ExxonMobil). As per the understanding, GoMechanic will leverage ExxonMobil’s profound expertise in engine oil technology. ExxonMobil on its part will provide premium-quality engine oil to GoMechanic’s extensive network of workshops, ensuring unparalleled performance and durability for serviced vehicles.

CIL contributes Rs 60,140 crore to exchequer in FY24, up 6.4% on year
State-owned major coal mining and producing company, Coal India contributed Rs 60,140.31 crore to the exchequer in the financial year 2023-24, up 6.4% from the previous fiscal, according to the latest data available by the coal ministry.

Adani Group transforms barren land into world’s largest renewable energy park
Khavda (Gujarat): A narrow airstrip that doesn't even have an air traffic controller to guide incoming airplanes and whose only infrastructure is a portable toilet and a make-shift office in a container in the midst of miles of barren land bordering Pakistan is an unlikely gateway to the world's largest renewable energy park. The airstrip was even smaller in December 2022, when Adani Group head Gautam Adani, who was then the second richest person in the world, first used a small aircraft to reach the barren area that didn't even have a pincode and got its name from a village 80-kilometers away.

Adani Green's Khavda power plant world's largest, 5 times the size of Paris
A narrow airstrip that doesn't even have an air traffic controller to guide incoming airplanes and whose only infrastructure is a portable toilet and a make-shift office in a container in the midst of miles of barren land bordering Pakistan is an unlikely gateway to the world's largest renewable energy park.