According to a regulatory statement, L&T Construction, during the second quarter this fiscal, accounted that it has successfully won an order worth Rs 797 crore in the building and factories…
India Business
The Swiss Government official today has claimed that the tax avoidance treaty with India will be looked into. This will allow Swiss Government officials to provide financial assistance to India to deal with the tax evasion cases in the country.
Aluminium
Aluminium has remained weak but seems to be getting support at the $2000 level. We prefer to wait & watch but retain our positive bias for the overall trend.
Aluminium ($2023)
Supports 2025 2000
Resistances 2100 2140
Zinc
Zinc prices continue trading below its 200 DMA(2166). The present movements are in line with our view that a consolidation is taking place in the trend. Our overall bias remains positive.
Zinc ($2050)
Supports 2025 1950
Resistances 2125 2175
Copper
The Rs 10,000 crore defamation suit that was charged against Mukesh Ambani at the high court of Bombay was withdrawn by younger brother anil Ambani. This withdrawal was done in order to create a more harmonious relationship between the brothers.
Anil Ambani’s lawyers did not comment on the questions posted against them as to why there was a change in the decision made, by the lawyers made it clear that they did not want to go forward with the suit that was against Mukesh Ambani.


