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Silver settled down -1.57% at 54117 on market expectations that the Federal Reserve may taper it

Gold settled down -1.08% at 31540 as investors considered signs that the Fed will curb monetary stimu

New Delhi, Sep 9 : Bharatiya Janata Party leader Subramanian Swamy moved the Delhi High Court Monday challenging the central government's clearance to proposed low-cost airline AirAsia India and alleging wrongdoing in the process.

The plea may come up for hearing Wednesday.

The government March 26 approved Malaysian low-cost airline AirAsia's proposal to set up a new airline in India in partnership with the Tata Group and the Arun Bhatia-promoted Telestra Tradeplace.

On Aug 16, the Supreme Court had asked Swamy to move the high court with his plea.

Chennai, Sep 9 : City-based water purifier company Morf India Ltd has decided to sell its water purifier through retail chains and standalone outlets and will look at setting up a local unit once the volumes reach economies of scale, said a top company official.

Till then imports from China would continue, managing director M. V. Praveen told IANS.

Last year Morf India announced that it had got the license to market Kelvinator brand water purifiers in India and Sri Lanka from Electrolux Home Products Inc.

Paris, Sep 9 : French Foreign Minister Laurent Fabius Monday reiterated Paris' support for dialogue between all Egyptian factions in a bid to establish a democratic state in the most populous Arab country.

"Laurent Fabius said that France had taken note of the Egyptian government's commitment to implement the roadmap of the political transition, which sets a goal of building a democratic state that guarantees freedom and justice for all Egyptians," said Philippe Lalliot, the ministry spokesman.