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The Allahabad High Court on Wednesday dismissed the petition of seer Shobhan Sarkar, who had sought directions to the Uttar Pradesh government and the district administration of Fatehpur for allowing excavations in a village where, he believed, huge reserves of gold lay buried. A Division Bench comprising Justices Ashok Bhushan and Vipin Sinha dismissed the petition of Sarkar with the remark "no case has been made out to grant any of the reliefs as claimed in the writ petition". Sarkar had claimed that there was a "hidden gold treasure of about 2,500 tonnes at the bank of river Ganga in village Adampur, Tehsil and District Fatehpur". He had also claimed that he was ready to bear the expenses for carrying out excavations at the site for which he had planned to involve experts from Indian School of Mines, Dhanbad and IIT-Kanpur. However, the court rejected the petition observing that Sarkar had "miserably failed to prove any of his right to claim any permission". Significantly, an excavation was carried out at a village in Unnao district recently following a similar claim made by Sarkar. The seer later on blamed the failure of the operation on his not being "invited" to the site by the excavators.
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China's Honor shows off smartphone ...

China's Honor shows off smartphone with robotic camera arm and teases ...

China's Honor shows off smartphone with robotic camera arm and teases a humanoid robot ## Honor Unveils Ambitious “Robot Phone” Concept, Signals Future Robotics Push **Barcelona, Spain** – In a bold move designed to capture market attention and signal its long-term technological... read more »

Anthropic Hits Back After US Military La...

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Murder themes rampant in children’s classic books
3 themes that drove Wall Street's w...

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Economy

U.S. extends leniency programme for companies that disclose bribe...

MIAMI (Reuters) – The U.S. Justice Department will extend a programme that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official... read more »

Lloyds, two others dismissed from yen Libor litiga...

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from... read more »

Crunch week as Fed meets on rates, Trump team joins G20

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LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the... read more »

Some bank bulls grow wary on policy uncertainty

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(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates,... read more »

State-owned carrier Air India understated losses –...

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NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March... read more »

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Investing

Gold hovers near three-week high as equities slip

Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the Federal Reserve’s move last week to leave US interest rates unchanged weighed on... read more »

Gold tops Rs 27,000-mark on global cues, seasonal ...

Rising for the third straight day, gold regained the Rs 27,000-mark by gaining Rs 200 at the bullion market today in line with a firm global trend... read more »

Gold surges by Rs.480 to reclaim Rs.27,000 mark

New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to... read more »

Gold Tumbles to More Than Five-Year Low, China Shares E...

Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal... read more »

Rupee at at 63.39

The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen in IT,... read more »

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Gold & Metals

Gold, silver likely to trade lower; copper may rise

Global markets traded mixed in the last fortnight as the US Fed’s decision to wind up its bond buying programme acted as a boost for equities wherein the Dow Jones gained by around two per... read more »

Gold struggles on stronger economic data, higher e...

Gold steadied on Monday but failed to make any recovery from three straight days of losses as stronger global economic data and higher equities... read more »

Gold moves up by 0.55 pct on global cues

Tracking a firming global trend, gold prices rose 0.55 per cent to Rs 27,119 per ten gram in futures trade today as speculators enlarged positions. At the... read more »

Gold falls 0.23% on weak global cuesGold falls 0.23% on...

NEW DELHI: Gold futures fell 0.23 per cent to Rs 26,897 per 10 grams on Friday as speculators locked in gains amid a weak global trend. At the Multi Commodity... read more »

Gold rises in futures trade on global cues

NEW DELHI, OCT 8:   Gold prices rose 0.27 per cent to Rs 27,020 per 10 grams in futures trade today as speculators created fresh positions after the precious... read more »

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