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Prescious metal declines on bearish global advice

Mumbai, July 18 (UNI) Prices of silver and gold declined on bearish global advice in the closing session, according to traders at the Bombay Bullion Association today.

Following are the closing rates of spot silver and gold: Silver (per kg) .999 fineness grade: Rs 17,780 (18,295), Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,835 (10,070), Gold 99.9 purity pure gold : Rs 9,885 (10,120).

UNI VD MJ VKG1814

Bengal govt to seek hike in plan allocation for urban development

Kolkata, July 18 (UNI) The West Bengal government will write to the Planning Commission to increase the state's allocation for urban development. State Urban Development Minister Ashok Bhattacharya said the state had been allocated only Rs 39.50 crore for urban development under the 11th five year plan, while Karnataka had been allocated Rs 900 crore, Andhra Pradesh Rs 350 crore and Maharashtra Rs 700 crore. '' Chief Minister Buddhadeb Bhattacharjee will write to the Planning.....

Tata AIG ties up with Audatex, to invest $4mln by 2008

New Delhi, July 18 (UNI) Tata AIG General Insurance today announced its strategic tie-up with Audatex, to provide India's first comprehensive online motor claim settlement solution, for over five lakh customers. ''We have already invested 3 million dollars so far and are looking at investing 4 million dollars more in the next 2 years in hardware, software, data and training infrastructure,'' Audatex India CEO Pankaj Kapoor said. Under the tie-up, Audatex India will offer.....

GHCL to close Roseby's acquisition by August

New Delhi, July 18 (UNI) Gujarat Heavy Chemicals (GHCL) today said it will close the Rosebys acquisition by the first week of August 2006. Targeting to become a fully integrated company in international home textiles space, chemical and textiles company GHCL Ltd acquired UK's leading retail chain, Rosebys for 40 million dollars in June. The acquisition, which was scheduled to be completed by October this year, will now be completed by 1st week of.....
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