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Indian Space Research Organization has made another flourished episode by launching PSLV (Polar satellite Launch vehicle) on Monday. The rocket has successfully released five satellites into the orbit. Among these five satellites, cartography satellite Cartosat-2B is the advanced high resolution satellite which is the main cargo.

K. Radhakrishnan, chairman of ISRO is very happy at the successful flight of PSLV 16.

The price of gold is rising unexpectedly in the world market and the experts suggest that the price may go beyond its record price in the near future.

According to the experts this price hike of gold is because of the investors who have chosen the gold for the security of their money at this time of huge economic crisis in the whole world.

BP has started its new attempt to stop the oil spill by fitting a tighter cap on the underwater damaged well in Gulf of Mexico. An underwater robot has been implemented to take off the older dome to allow the new sealing cap to be placed.

But this operation will definitely take four to seven days which means the oil will continue to gush in to the water till the end of this operation.

According to a report, the profit warnings from the UK-listed companies in the second quarter of this year were at its lowest mark for last seven years.

During the time period of April and June, about 45 companies of UK have warned that the profits would be lower than expected but according to the Ernst & Young, the profits has gone lower than that of the previous quarter.

This was for the first time; this profit figure had gone down below 50 since the year 2003.

The US private equity group JC Flowers, is all set to pool in £50m in a joint project with Kent Reliance constructing society that shall encourage the capital of both the firm and look forward to create a vehicle for the consolidation of additional medium-sized societies.

The step shall be the first move towards the private equity firm that has invested in a UK mutual lender.

According to the Office for National Statistics said on Monday The economy seems to moving towards development at the same speed as which was determined earlier as well during the first three months of this fiscal year, but the downturn that paved way was profound in nature than it was thought previously.

Further the ONS group expressed that its annual variants of the statistics followed to a review of the mount trough slump in GDP to 6.4 percent from 6.2 percent, smearing away an extra 2 billion pounds off from the economy.