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Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh

Gold prices pare gains as euro slips lower
By Jan Harvey LONDON (Reuters) - Gold pared gains on Monday as the euro slipped back into negative territory versus the dollar in U.S. holiday-thinned trade, but the precious metal held above $1,575 an ounce as investors bet last week's price drop had been overdone. Gold is down more than 5 percent so far in May and is vulnerable to fresh losses in the euro. Lingering concerns over sluggish growth

High-tech paper leak racket busted in New Delhi
The police has busted a high-tech paper leak racket related to various competitive examinations and arrested three people from West Delhi area of the city on Monday.

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India to give Myanmar USD 500 mn line of credit
The diplomatic relationship between Indian and Myanmar touched a new height on Monday when India said it will give a USD 500 million line of credit to the Asian nation.

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No impact of rupee slide on banks: SBI chief
The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) chairman and managing director Pratip Chaudhary said Monday.

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Rupee rises for third day in a row
After hitting a record low of 56.40 against the dollar last week, Indian rupee strengthened for the third consecutive session Monday, helped by the Reserve Bank of India's intervention and improved cues from the global markets.

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India, Myanmar agree to double bilateral trade by 2015
India and Myanmar on Monday decided on a mutually agreed target of doubling the bilateral trade by 2015.

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