MUMBAI: Prices of both the precious metals, gold and silver, firmed up on the bullion market on Friday due to good demand in the face of restricted supply. Better overseas advices also helped the uptrend. Standard gold rose by Rs 10 to end at Rs 4345 from yesterday's close of Rs 4335, while 22-carat gold was nominally quoted better at Rs 4020 from Rs 4010. Ten-tola gold bar (.999) rallied by Rs 100 to close at Rs 50,900 from the last close of Rs 50,800 on good local buying.

Raw silver (.916) shot up by Rs 85 and closed at Rs 7585 as against the previous close of Rs 7500 due to thin supply. Ready silver (.999) opened weak at Rs 7685, but recovered towards the fag end on good industrial demand and closed at Rs 7710, showing a small gain of Rs 10 over the last day's Close of Rs 7700.

Markets closed

MUMBAI: Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), interbank forex, call money and cotton markets remained officially closed on Friday on account of``Good Friday''.

SRF launches `NYLO' PVC coated nylon

MUMBAI: SRF Ltd has launched `NYLO' PVC coated nylon tarpaulin in the western part of the country through the company's exclusive authorised distributors. SRF's Industrial Fabrics Division, which is located at Viralimalai in Tamilnadu, has introduced this revolutionary product called NYLO. It is a PVC coated nylon fabrics and is aimed at replacing the conventional tarpaulin made of cotton. It would be most useful in monsoon season.

Infoquest Software

MUMBAI: Infoquest Software Export has commenced export of software services in a major way. It has provided software services in the area of RDBMS under GUI environment where it has excellent skills and long experience. It has also made forays into the high growth market of ERP implementation and consulting.

Bunka Orient India tie up with KL

MUMBAI: Bunka Orient India, a part of the Bunka Orient Corporation (BOC) of Japan has tied up a strategic alliance with KL group Inc ofUSA for promoting their products in India. The company has recently launched the "olectra chart"- an active X component used to create and customise virtually any chart type.

GE Medical Systems

MUMBAI: GE Medical Systems has rolled out its 10,000th CT scanner made in Asia. GE manufactured its first CT scanner in Asia over 15 years ago, and now manufactures CT scanners in four countries-India, Japan, China and South Korea. Wipro GE in India is the undisputed leader with over 250 CT scanners installed in metros as well as in smaller towns, spread across the subcontinent.

SAP AG

MUMBAI: Top ERP vendor SAP AG, will invest $ 11 million in its development centre in India to make it the company's biggest laboratory, next only to its headquarters at Germany. SAP has three other development centres at Tokyo, France, and United States.

The India development facility, SAP Labs India Pvt Ltd, will grow anywhere from 300 to 500 professionals in the next three years, Urdo Urbanek, co-director, said.The facility, which was set up four months ago at Bangalore, currently has 150 professionals.

Citrix in India

MUMBAI: Citrix Systems Inc, the $ 248.6 million US-based software company, is setting up offices in India. The firm which won the Forbes award for the most dynamic company of 1998 also announced the launch of the latest versions of its server products, MetaFrame and WinFrame and two new management service products, Resource Management Services and Installation Management Services, in India. The products were launched in the US in February.

Addressing a conference in this connection, Citrix Asia Pacific managing director Nabeel Youakim, said the it would invest approximately $ 7,00,000 in appointing resellers and setting up offices at Mumbai and Delhi by the year end. Datapro Infoworld is the sole distributor of Citrix products in India.