Gold prices expected to fall below Rs 30,000 per 10 gm

Gold prices expected to fall below Rs 30,000 per 10 gmGold prices in India slipped to their lowest level in around a month on Thursday, tracking decline in the global market.

In the early morning trade on the Multi Commodity Exchange (MCX) yesterday, the benchmark October contract slipped to Rs 30,200 per 10 grams, a level last recorded on 16th of August.

Some experts expect gold prices to fall below Rs 30,000 per 10 grams in line with the ongoing decline in the price of the precious yellow metal in the global market, where prices slipped 3 per cent overnight.

EPA to release new rules on power plant emissions

EPA to release new rules on power plant emissionsThe Environmental Protection Agency is expected to release new rules relating to the power plant emissions and experts say that the rules will severely affect power plants.

Twitter files documents for planned IPO

Twitter files documents for planned IPOMicro-blogging site, Twitter has said that it has filed S-1 to the Securities and Exchanges Commission for its planned initial public offering.

"We've confidentially submitted an S-1 to the SEC for a planned initial public offering," the company wrote on its official post. Private investors have said that the company will be valued at more than $10 billion and is expected to record revenues of about $583 million during 2013.

Robert R. Taylor passes away at 77

Robert R. Taylor passes away at 77Robert R. Taylor, who revolutionized hand soap by making liquid hand-wash soap, has died at the age of 77 in Newport Beach.

Taylor's family said Thursday the entrepreneur died of cancer on 29 August, 2013. He created and sold more than a dozen businesses during his lifetime form toothpaste, shampoos, various kinds of soap and popular fragrances including Calvin Klein's Obsession.

Weekly Commodity Update by KediaCommodity

Weekly Commodity Update by KediaCommodityGuar seed on weekly basis prices gained by more than 12% on slack domestic supplies, and demand from millers and stockists, though expectations of a bumper harvest due to expanded area under cultivation are seen weighing on sentiment.

Millers and stockists are very active in the market but supplies are less from the old crop as farmers have held back supplies.

Supplies from the old crop have been falling as farmers hold back on hopes of better prices, and arrivals from the new season harvest will only start rolling in by the month end.

Indian Stock Market Remains Range-bound; IIP Data Hasn’t Helped Indices

Indian Stock Market Remains Range-bound; IIP Data Hasn’t Helped IndicesIndian stock markets have remained in narrow trading range on Friday. The markets haven't factored in the robust IIP data for July and even the currency markets show weakness in Indian rupee. Market experts were expecting the markets to rise in today's trade on expectations of improvement in Indian economy.

Recent import/export data from China has also pointed towards sustained economic recovery. The demand from Europe and United States has increased and production from China and India has also witnessed strength.

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