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Gold yesterday settled down -2.91% at 25375 sank as month end book squaring and relentless liquidatio

Mumbai, June 28 - Gone are the days when independent musicians or bands were on centrestage and music lovers revelled in songs like "Mai ri" and "Sayonee". Now, "manipulated" Bollywood hit numbers not only whet the appetite of listeners but also overshadow non-film music and budget constraint makes survival tougher, musicians say.

The 1990s were ripe for music bands and independent musicians. The era saw the emergence of bands like Euphoria, Silk Route, Aryan, Junoon and Stereo Nation which carved a niche for themselves.

Mexico City, June 28 - The Mexican unit of US automaker General Motors said it planned to invest $691 million to expand its operations in Guanajuato, San Luis Potosi and Mexico states.

Oil refiner and distributor, Caltex has said that its profit for the first half of the year was affected by the low value of the Australian dollar and a recent pipeline outage.

The come expects its net profit to be between $160 million and $175 million during the six months to June 30, which is lower than $197 million recorded during the same period of the previous year. The profit forecast from the company is based on the replacement cost that does not include effects of changes in the world oil price and shows company's performance.

The Centre for Economic Studies in South Australia has said that the state is experiencing its biggest downturn since recession in 1990.

Executive director Michael O'Neil has said that the total demand fell 2.6 per cent during the March quarter compared to the same quarter of the previous year. The export growth has slowed down and but the household consumption has shown signs of recovery.

The Church of England is supporting a bid for several hundred branches of the Royal Bank of Scotland that are being sold by the banking company.

The church's investment managing arm, the Church Commissioners are providing funding to a consortium led by the former banker and trade minister Lord Davies that is aiming to take control of the 315 branches being disposed by the bank. The European Commission has ordered the bank to sell the branches after the bank was bailed out by taxpayer's money.