Briefly Business: Gold hits all-time high at Rs 32,500 per 10 grams

Gold hits all-time high at Rs 32,500 per 10 grams

Mumbai: Gold prices on Monday scaled an all-time peak on continued offtake from stockists and traders on prospects of higher wedding seasonal demand and the rupee fall. Standard gold (99.5 purity) spurted up by Rs 160 per 10 grams to end at Rs 32,500 from last Saturday's closing level of Rs 32,340.

Re dips for fifth day, ends at 55.73/$

Mumbai: Falling for the fifth day in a row, the rupee on Monday lost 22 paise to end at 55.73 against the US dollar due to demand for the American currency from importers and banks.

Nokia launches two new 'Asha' phones

New Delhi: Nokia on Monday unveiled two new 'Asha' phones. Though the pricing has not been announced, the handsets are likely to be priced at $62 globally.

Govt to deduct R39 cr guarantee for 2 mines

new delhi: The government has decided to deduct bank guarantees worth Rs 39 crore in the case of two mines allocated to five firms, including Tata Sponge and Bajrang Ispat.

Bajaj Hindusthan posts R276.67 cr loss

New Delhi: Sugar major Bajaj Hindusthan on Monday reported consolidated net loss of Rs 276.67 crore for the 2011-12 fiscal ended September.

Ex-SAC manager granted $5 mn bail

New York: Former SAC Capital portfolio manager, Mathew Martoma, was released on $5 million bail on Monday after making his first appearance in a New York court on charges of making illegal trades that hedge fund titan Steven Cohen personally signed off on.

India outsourcing failure blamed for $2.3 billion loss by UBS trader

Key controls for "detection of suspicious trading activity" failed at an India outsourcing unit, contributing to $2.3-billion loss of UBS, a probe by British and Swiss regulators has found.

Swiss regulator FINMA said that UBS' back office operations team was responsible for timely confirmation of deferred-settlement trades, identified through "a specific report maintained by an outsourcing provider based in India (the 'T+14 report')".

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