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Gold settled positive as monetary tightening in Singapore sent investors out of the U.S.

New Delhi, Oct 16 : Design aesthetics runs in his genes. So when Amrish Kumar had to step into his mother Ritu Kumar's territory, the business graduate never gave it a second thought.

"I am a designer by accident. There was a time when we were finding people for a suitable position, we couldn't find any, so I had to step in," Amrish told IANS in an interview.

"I had no intention to be a designer, but I was always comfortable with fabrics and colours, as I have grown up with it. Also being from a business school does give you an edge to understand the market, strategies and plan accordingly," he added.

Beijing, Oct 16 : German auto giant BMW has recalled more than 21,000 luxury sedans from Chinese customers to fix the faulty brake system, while British carmaker Jaguar Land Rover has announced the recall of its 30 Discovery 3 TDV6 diesel vehicles.

BMW's vehicles which have been recalled include 21,383 imported BMW 5, 6 and 7 Series manufactured between Dec 14, 2001, and Nov 23, 2009, and 388 Rolls-Royce Phantom luxury cars manufactured between Jan 1, 2003, and Nov 30, 2009, Xinhua quoted a statement by the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ).

Tata Motors today expressed that its worldwide sales elevated up by 19 % in September, to 86,996 units on vigorous demand for both commercial and passenger vehicles.

Sales of luxury product by Jaguar Land Rover were at 19,528 units throughout September, up 16 % by the same month past year, Tata Motors stated in a report.

Whereas the sales of luxury sedans of Jaguar brand elevated by 10 % past month to 4,861 units, Land Rover sales were increased by 19 per cent at 14,667 units, it further stated in a report.

Geojit BNP Paribas Financial Services today expressed that it has register a turn down of 45.53 % in its net profit at Rs 7.08 crore for the 2nd quarter which commenced last September.

The stock brokerage company had placed net earnings of Rs 13 crore in the July-September quarter last year, the firm stated in a report to the Bombay Stock Exchange.

In the September quarter, the combining revenues of Geojit BNP Paribas also cut down to Rs 71.37 crore by Rs 81 crore last year.

Maharashtra's Aurangabad district is at the moment in the flash light for the prosperity of its inhabitants obvious by the reality that they franchised almost 150 Mercedes Benz cars a day.

A cluster of young entrepreneurs including the builders, industrialists, doctors, and many other professionals had reserved these cars on a one single day. These cars shall be transported to them simultaneously.