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Gold down by 0.21 percent to Rs 27,431

GoldNew Delhi: Gold prices moved down by 0.21 percent to Rs 27,431 per 10 gram in futures trade Tuesday as participants offloaded positions partially, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in August contracts declined by Rs 59, or 0.21 percent, to Rs 27,431 per 10 gram in business turnover of 472 lots.

Likewise, the metal for delivery in far-month October shed Rs 38, or 0.14 percent, to Rs 27,538 per 10 gram in three lots.

Market analysts said a weak trend in the overseas markets as investors weighed the outlook for US interest-rate policy, mainly weighed on gold prices at futures trade here.

GM India launches Manchester United editions of Beat, Sail

Chevrolet-Sail-U-VA-Manchester-UnitedNew Delhi: General Motors on Monday launched special editions of its hatchback models Beat and Sail in India to mark its partnership with popular English football club Manchester United.

The launch of Manchester United limited editions of Chevrolet Beat and SAIL hatchbacks comes at a time when the Chevrolet brand is making debut on the club's jersey.

The special edition models come with various features including Manchester United decals, alloy wheels, special seat covers, and roof rails.

Harsimrat Kaur Badal criticizes Haryana Govt. over separate SGPC

Harsimrat-Kaur-BadalNew Delhi, July 7 : Union Food Processing Minister Harsimrat Kaur Badal on Monday lambasted the Haryana Government over its decision to form a separate Shiromani Gurdwara Parbandhak Committee for the state.

"Since the Congress does not have any issue to fight elections on, they have taken up a religious issue," said Harsimrat.

Terming the SGPC as the 'mini-parliament of the Sikhs, Harsimrat said, "It is the authority which looks after our gurudwaras. It was enacted by an Act of the parliament. No political party has the right to interfere in our religion."

'Congress worsened matters, wants to pass on blame': Jaitley on price rise

Arun-JaitleyNew Delhi, July 7 : Finance Minister Arun Jaitley on Monday held the previous Congress-led UPA government solely responsible for the price rise, saying that the party which brought the economy to this state, now wants put the blame on someone else today.

"Even we are concerned about price rise, and hence, we had no hesitation in discussing the issue in Parliament. What surprises me is that the party which brought the economy to this state, wants to put the blame on someone else today," said Jaitley in the Rajya Sabha.

Lava launches 6-inch phablet 'Magnum X604', for Rs.11,999

LAVA-Magnum-X604-PhabletNew Delhi, July 7 : Indian smartphone manufacturing firm Lava on Monday unveiled its new 'sleek and portable' phablet, Magnum X604 for Rs. 11,999.

The Magnum X604 sports an 8MP auto-focus primary camera with BSI sensor and flash, which supports Full HD video recording, and a 2MP front camera. It runs on Android 4.2.2 KitKat and sports a 6-inch IPS display with 1280x720 pixels resolution, 1GB of RAM, 8GB storage, and a 1.2 GHz quad-core processor.

Sania Mirza achieves career-best fifth WTA doubles rank

Sania-MirzaNew Delhi, July 7 : Indian tennis ace Sania Mirza has entered the top-five for the first time in her career as the new WTA doubles chart was released on Monday.

Sania, who turned a professional tennis player in 2003 and overcame a career-threatening wrist injury in between, has achieved her career-best rank of number five in the world.

Sania and her partner Cara Black from Zimbabwe could not go deep in the recently concluded Wimbledon championships, but a second round appearance provided the Indian tennis ace with her crucial 130 ranking points that were enough to push her in the top five.

Shahrukh, Salman hug again at Iftar Party

Shahrukh-Salman-hugNew Delhi, July 7 : The true spirit of Ramadan prompted Shahrukh Khan and Salman Khan, to hug out their differences in Mumbai. Both stars hugged each other at the Iftar party hosted by Congress leader, Baba Siddique who had invited both the national heart throbs.

The duo, who had shared cold vibes since 2008, scrapped their differences by embracing each other at the bash.

While talking to the media persons on the occasion, Salman credited Siddique for making them meet. "It happened only because of Siddique. Had he not been there, it wouldn't have happened since everybody is busy in their work life," Khan said.

Reliance Infra appoints M S Mehta as CEO

Reliance InfrastructureNew Delhi - Reliance Infrastructure, part of Anil Ambani-led Reliance Group Monday appointed M S Mehta as the Chief Executive Officer (CEO) of the company.

He will take over from Lalit Jalan, who held the portfolio for the past more than seven years, Reliance Infrastructure said in a statement.

Mehta was till recently the Group CEO of Vedanta Resources for five years.

He is a Mechanical Engineer, and an MBA from the Indian Institute of Management, Ahmedabad.

The company also elevated Lalit Jalan as Director - Corporate Strategy and Affairs with effect from Monday. (PTI)

India's manufacturing, services growth outpaced China in June: HSBC

HSBCNew Delhi: Manufacturing and services sectors in India expanded at a faster pace than China during June while emerging market output registered the strongest upturn in business activity since March quarter of 2013, an HSBC survey said Monday.

The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers' Index surveys, stood at 52.3 in June, up from 50.6 in May, signalling the sharpest rate of expansion since March 2013.

The pick-up in output growth was reflected in both manufacturing and services, most notably the latter, where activity expansion hit a 15-month high, HSBC said.

Gold price slips below Rs 27,500 level in futures trade

Gold price slipNew Delhi: Gold prices fell by Rs 58 to Rs 27,499 per 10 grams in futures trade Monday as speculators trimmed positions amid a weak trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in August eased by Rs 58, or 0.21 percent, to Rs 27,499 per 10 grams in a business turnover of 101 lots.

Similarly, the metal for delivery in October shed Rs 50, or 0.18 percent, to Rs 27,586 per 10 grams in just one lot.

Tata Motors working on strong pipeline of products: Mistry

Chairman Cyrus P MistryNew Delhi - Tata Motors is working on a strong pipeline of products for the domestic market keeping in view changing customer needs to make the company more profitable over the years, Chairman Cyrus P Mistry has said.

In a letter to shareholders, Mistry said the company is also working on various other initiatives including enhancing customer experience to grow more profitable.

"Tata Motors is working on a strong pipeline of new products and technologies keeping in view the changing market, customers' aspirations and regulatory needs," Mistry said.

Vantage Circle bullish about future growth prospects

Vantage Circle bullish about future growth prospectsNew Delhi - Employee privilege platform Vantage Circle, which has raised Rs 1.2 crore from angel investors, is planning to use the said capital for ramping up its sales activities and improving its product line.

Vantage Circle currently offers corporates such as Infosys, Wipro, HCL, Novartis and GE, hand-picked shopping privileges from over 950 national and international brands.

FII inflows hit $20-bn mark in first half of 2014

FII inflows hit $20-bn mark in first half of 2014New Delhi - Overseas investors have pumped in a staggering over USD 20 billion into the Indian market in the first half of the year, mainly on hopes of a stable and reform-oriented government at the Centre.

The net investments by foreign investors into equity markets stood at USD 9.96 billion (Rs 59,795 crore) during January-June 2014, while the same for debt markets was at USD 10.42 billion (Rs 62,834 crore) taking the total to USD 20.4 billion
(Rs 1.23 lak crore), latest data showed.

Mutual Funds buy shares worth Rs 3,300 crore in June

Mutual Funds buy shares worth Rs 3,300 crore in JuneNew Delhi - Improved market sentiments helped mutual funds pick up shares to the tune of over Rs 3,300 crore in June, making it the second consecutive monthly inflow.

Besides, they pumped in a staggering Rs 68,000 crore in the debt market during the period. The inflows in equities during June followed a net investment of about Rs 105 crore in the preceding month.

Prior to that, fund houses have been net sellers in the equity market since September last year, while they were net buyers of shares to the tune of Rs 1,607 crore in August.

Onion sells at Rs 40/kg in NCR on drought fears, fewer supply

Onion sells at Rs 40/kg in NCR on drought fears, fewer supplyNew Delhi: Onion prices in retail markets of the National Capital Region continue in the range of Rs 35-40 per kg due to fears of drought and fewer supplies from key states.

Wholesale traders said there is a substantial fall in supplies from two major producing states -- Maharashtra and Madhya Pradesh.

UK Foreign minister on two-day visit from Monday

UK Foreign minister on two-day visit from MondayNew Delhi: In its first engagement with the new government here, UK's Secretary of State for Foreign Affairs William Hague will embark on a two-day visit to India from Monday to hold talks with top leadership on key areas including trade and defence.

Hague will come along with UK Chancellor of the Exchequer George Osborne and some more senior ministers from British government.

Govt rules out any immediate hike in prices of LPG, kerosene

Govt rules out any immediate hike in prices of LPG, keroseneNew Delhi: Ruling out any immediate hike in prices of LPG and kerosene, Oil Minister Dharmendra Pradhan on Saturday said the new government will continue with the policy of subsidising commonly used cooking fuels.

"There will no increase in LPG and kerosene prices for now. We will continue with the extant pricing policy," he said here.

Besides continuing to subsidise LPG and kerosene, the NDA government will also not disrupt the previous UPA government's policy of up to 50 paise a litre increase in diesel price every month.

All parties agreed to cooperate in parliament: Sumitra Mahajan

All parties agreed to cooperate in parliament: Sumitra MahajanNew Delhi, July 5 : Lok Sabha Speaker Sumitra Mahajan today said that all parties have agreed to cooperate with the government during the upcoming Budget Session.

"The meeting was good and everybody has agreed to cooperate with us. They (members) have said that they want discussions. The government has agreed for discussions, as it wants to take everybody onboard in all decisions," said Mahajan after the all party meet.

TMC demands gas and railways price hike discussions during Budget Session

TMC demands gas and railways price hike discussions during Budget SessionNew Delhi, July 5 : Trinamool Congress Lok Sabha MP, Kalyan Banerjee today assured his party's full co-operation during the upcoming Budget Session of Parliament, but also stressed on the need for a discussion on the recent price hikes in gas and in railways by the Centre.

Government trying to bring all Indians back home safe: V K Singh

V K SinghNew Delhi, July 5, - General Vijay Kumar Singh has stated that Sushma Swaraj and the government are doing all they can to bring back Indians stuck in Iraq.

"The government and our External Affars Minister Sushma Swaraj are doing their work. Media was pointing out that the government is not working properly but it is not true," said Singh.

Indian nurses who were abducted have returned home today after being freed by ISIS militants in Iraq.


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