Gold prices again came in action on Wednesday on the back of reports that the glamorous metal would soon retrieve the psychologically important level of $1,000 per ounce in overseas market in coming few months, due to volatility in stock markets.
It should be noted that earlier this week, precious metals consultancy GFMS said in its annual gold survey report that, the gold prices could rise to a record above $1,100 an ounce in the coming months, as investors seek to guard against rising inflation.
Yesterday, the price of yellow metal soars by an impressive Rs 315 to close at Rs 14,735 per 10 gm in Delhi.
According to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.
Despite the global downturn having delivered harsh blows to the industrial output in India - with the figures dropping for the third time in five months during February to 1.2 percent, and a rather drab March quarter - analysts are hopeful that the industrial revival might just be round the corner!
Suven Life Sciences, a Drug Discovery and development company, has finished the phase I clinical trial for its new molecule, SUVN 502 in healthy volunteers.
Notwithstanding the massive plunge in the 2009 first quarter private equity (PE) activities in China by 50 percent and in India by 87 percent, the two countries managed to sweep-clean a majority – more than 70 percent - of the PE deals in the Asia-Pacific region! 
The encouraging bookings and sales of its cars in India has given Czech auto giant Skoda the co
