RBI pegs 12-year paper cut-off price at Rs 102.14
The Reserve Bank of India (RBI) set a cut-off price of Rs 102.14 at the auction of the re-issued 12.32 per cent 2011 bond.

Sinha asks Sebi, SEs to go for rolling settlement
Finance Minister Yashwant Sinha has asked Sebi and the stock exchanges to introduce rolling settlement in an effort to improve investor service.

UTI to unveil new monthly income plan in August
Unit Trust of India (UTI) has decided to launch its much-awaited new monthly income plan (MIP) scheme in August with returns on a yearly basis.

  London gold prices fall to new 20-year low
  Tokyo gold slips, benchmark ends at record low
  Gulf crude trade thin, little interest for Sept cargoes
  Profit-taking trips Sensex from 4810 peak, sheds 30 pts
  Equity funds' NAV keeps pace with market
  Market waits in suspense for ECB president's euro views
  Market Round-Up
  Birla Sun Life AMC to take over Apple funds
  Downtrend persists in silver on NY advices; castor oil up
  Vikas WSP's valuation may improve further
  Forging stocks soar on hopes of revival in user industries
  Shares on the move
  Correction may continue
  Correction may continue today; bulls likely to return on Monday
  Profit-booking likely in Raymond