Bizbits — Gold prices shoot up

MUMBAI -- Gold and silver prices shot up sharply on brisk buying at the bullion market on Monday. Standard gold shot up by Rs 85 to Rs 4065 ...

MUMBAI — Gold and silver prices shot up sharply on brisk buying at the bullion market on Monday. Standard gold shot up by Rs 85 to Rs 4065 from Rs 3980 previously. 22-carat gold was nominally quoted higher by Rs 80.00 to Rs 3760 from Rs 3680. Ten-tola gold bar .999 purity shot up by Rs 1000 to Rs 47,600 from the last close of Rs 46,600. Silver ready .999 fineness rose by Rs 55 to Rs 8205 from Rs 8150 previously. Raw silver .916 fineness and tenderable silver both improved by Rs 55 each to close at Rs 8105 and Rs 8210 from the last close of Rs 8050 and Rs 8155 respectively.

Re weakens further against dollar

MUMBAI — The rupee weakened further against the US dollar on renewed dollar demand by corporates and importers in fairly hectic but thin volume trade at the interbank foreign exchange (forex) market here today. The Indian currency closed at Rs 39.40/41 per dollar, moderately lower from the weekend finish of Rs 39.29/31 after posting an opening quote of Rs 39.31/33. The rupee continued to reel under pressure owing to genuine dollar demand by corporates and small and medium sized importers.

Virendra Singh CMD of HDCL

MUMBAI — Virendra Singh, chairman-cum-managing director of Hindustan Diamond Company Ltd (HDCL), for the past five years (1992-97) has been reappointed by the goverment as CMD of the company for a further period of five years. HDCL is a joint venture company engaged in bulk import and sale of rough diamonds, in which the government owns 50 per cent of share capital.

PM felicitates Samsung CEO

MUMBAI — Prime Minister I K Gujral felicitated Douk Kee Ahn, President & CEO of Samsung Asia Headquarters by giving him a momento during the Asian Games flame lighting ceremony carried out at the National Stadium, New Delhi. The memento was given to Ahn in recognition of Samsung’s sponsorship of the Permanent Asia Games flame ceremony and involvement with the Bangkok Asia Games programme in India.

The police said that Kumar, a resident of Turbhe MIDC in Navi Mumbai, was driving his concrete mixer truck when it collided with an SUV.

‘Unleashed aggressive dog to stop probe’: Sacked IAS officer Puja Khedkar’s mother booked

Cities8 hr ago

The mother of a dismissed IAS officer, Manorama Khedkar, has been booked by the police for obstructing an investigation and aiding suspects involved in a road rage incident. The incident occurred on September 13 and involved two men who allegedly kidnapped a truck helper.

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