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A South African mining company claimed to have discovered the world’s largest diamond, which is double the size of the current biggest known stone, the Cullinan.

Brett Jolly, a spokesman for the company, Two Point Five Construction, said the rough diamond - reportedly a 7,000-carat stone about the size of a coconut - had been transported under tight security to Johannesburg and deposited in a bank vault.

Fierce gun battles have terminate a major spiritual festival in Iraq that had pinched hundreds of thousands of Shia pilgrims to the sacred city of Karbala.

Police told that the fights have left over 50 dead and 200 wounded. Troop reinforcements have been fetched and worshippers ordered to leave the city.

Global IT solutions major, SAP stated that it had doubled up its Indian customer base from 1,000 in August 2006 to 2,000 now. The growth assumes signification as it took up the company nine years in India to touch the 1,000-customer mark, and only twelve months to twice it.

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.

Rupee remained weak against the US dollar on second consecutive day. The reason behind the fall in Rupee is fresh dollar demand due to fall in markets. Some funds are taking their money out of Indian Markets. The Indian currency was quoting 15 paise lower during early trading hours. However Yen was stronger in overseas markets.