The Telegraph
Since 1st March, 1999
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Business Briefs

Gold scales new peak

Mumbai, Jan. 17: The fear of war between Iraq and the US continued to influence the bullion market here today as gold prices zoomed up to touch an all-time high of Rs 5,760 per 10 gram, surpassing the previous high of Rs 5,730 recorded on January 6. With the discovery of empty chemical warhead in Iraq, gold prices in the global market shot up to scale new highs, dealers said.

Parekh bail

Calcutta, Jan. 17: The chief metropolitan magistrate today rejected the application of tainted stockbroker Ketan Parekh’s lawyers for extension of the bail order passed by the Mumbai High Court. The magistrate has asked the lawyers to produce Parekh in the court.

Telco launch

Calcutta, Jan. 17: Tata Engineering and Locomotive Co (Telco) launched the EX series of medium and heavy commercial vehicles today with an aim to provide value added package to the users.

New ratings

Mumbai, Jan. 17: Credit Rating Information Services of India Ltd (Crisil) today launched its governance and value creation ratings by assigning “level 1” rating to three entities—Hero Honda Motors, HDFC and HDFC Bank, Crisil said in a release here.

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