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Gold at record highs
Dollar weakness and higher inflation fears are pushing the yellow metal higher

BASIC to meet in Delhi to discuss climate strategy
With Copenhagen Accord setting a January 31 deadline for the nations to specify 2020 emission targets and other steps, India will hold discussion with other BASIC group members comprising China, South Africa and Brazil in New Delhi to discuss their climate strategy.

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Cox & Kings pares gains, ends flat
The stock erased most of its gains and ended flat at Rs 452. The counter clocked volumes of 1.47 million shares as compared to the two-week daily average traded volumes of 756,608 shares on the BSE.
Management

Maharashtra MLAs leaves leadership decision to Sonia

After storming back to power, the Congress Legislature Party (CLP) in Maharashtra on Saturday authorised party chief Sonia Gandhi to choose its new leader who will be the chief minister, senior party leader A K Antony said. - CLP meet authorises Sonia to elect new leader in Maha - Deshmukh meets Sonia; denies being in race for CM - Leave leadership issues to me, Sonia tells Jagan - Reddy"s son, Jaganmohan, meets Sonia - Sanjaya Baru: Look East policy comes of age">Sanjaya Baru: Look East policy comes of age - Brown celebrates Diwali at 10, Downing Street “We have conveyed to Congress president Sonia Gandhi about the one-line resolution authorising her to elect a new leader of CLP”, he told mediapersons. Antony said "we sought the views of MLAs individually and majority of of them have said they would leave the decision to party high command and some expressed their preferences (on the new CLP leader)". Meanwhile, Ashok Chavan is the frontrunner for the top post. Industries Minister Narayan Rane and Union Minister Gurudas Kamat are also hopefuls for the CM’s post. Former CMs and Union Ministers — Vilasrao Deshmukh and Sushil Kumar Shinde have ruled themselves out of the chief ministerial race.


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