IBT Staff Reporter

Indian gold demand is likely to recover near to its pre-credit crunch level following the fall in demand in 2009, said World Gold Council (WGC) on Friday in a report titled India: Hear of Gold.

Company will look to help cities become smarter through technological innovation.

Report says across the globe, one in five cell phone purchases this past quarter was a smartphone.

Indian economy is likely to grow 8.5 percent in the current financial year and 9 percent in 2011-12, said Prime Minister Manmohan Singh on Friday in a speech at the plenary session of the G20 summit in Seoul.

Finance Minister Pranab Mukherjee has said banking sector needs to support growth trajectory heading towards 9 percent or more in the coming years in the economy while giving due attention to the asset quality and prudent provisioning to balance emerging returns and risks.

Motorola responds to Microsoft's patent lawsuit with one of their own.

Nvidia says it is ramping up production of its Tesla and Tegra processors and moving away from the traditional chipset business.

Aid to developing nations is not a major issue at the G-20 Summit, but at least one NGO says it should be.

Carrying flags representing their various organizations, and hundreds of cardboard stop signs declaring Stop the G-20!, approximately 4,000 protestors marched Thursday afternoon from Seoul Station through the Dongsam-gu district shouting slogans and singing labor hymns, while thunder rolled, rain fell and a silent column of hundreds of riot police in yellow slickers and wielding neon batons kept pace along the marchers' flank.

Dear Sam: I read your column last week titled Baby Boomers Beware and it really spoke to me. Having been laid off earlier this year I entered the job search arena knowing very little about conducting a 21st century search, let alone constructing a résumé. As a 55-year-old candidate, I found it difficult to present my value without telling my audience how old I was.

After a long gap, the trial of Ingmar Guandique, who has been accused of murdering federal intern Chandra Levy, resumed on Wednesday and took a sudden turn with the prosecutors resting their case after abruptly dropping two charges against Guandique because a prison inmate has refused to testify against him, even as a FBI forensic expert claimed he had found former Congressman Gary Condit's DNA on Levy's underwear.

Authorities in Australia, which is a staunch opponent of death penalty, are in a dilemma over whether they should deport Honeymoon Killer Gabe Watson, who completed serving his prison term in Australia on Wednesday, to Alabama, U.S., a pro-death penalty state that wants to try him again over his wife's death.

As Palestine marks the death anniversary of former PLO chairman Yasser Arafat, his legacy is seen fading, while the Palestinian cause is sorely missing the leadership he offered.

Most of senior executives expect only modest business growth over the next 12 months due to sluggish growth expectations for developed economies and increasing cost pressures from rising labor costs and input prices, a survey showed.

Research in Motion Inc's answer to Apple's iPad is expected to be priced a lot lower than the iPad, but Samsung's Galaxy is priced around the same level and promises a whole new experience.

Even as demand for oil is expected to surge in the next decade or so, alternative fuel sources are gaining popularity as they become more economically viable, according to a report by the Boston Consulting Group.

The California Energy Commission has awarded more than $9.6 million in state funding to make components and biofuels required for manufacturing electric vehicles.

The Defense Advanced Research Projects Agency (DARPA) has awarded a 17-month, $988,000 contract to Carnegie Mellon's Robotics Institute to develop an autonomous flight system for the Transformer Program.

The arrest of Russian spies in the US and the ensuing spy-swap was the result of the betrayal of a Russian intelligence officer, a Moscow newspaper reported on Thursday. Kommersant, the paper, claimed that Col. Shcherbakov, who worked for Russia's Foreign Intelligence Service (SVR), blew the cover of his unit.

The U.S. Department of Justice and the Federal Communications Commission announced a civil settlement with Hewlett-Packard Co in relation to alleged E-rate fraud.

U.S. labor department has denied that it has removed Indian carpets from a list of products produced by forced labor or child labor in violation of international norms.

Amid a wave of criticism and calls for nationwide boycott, Amazon.com has reportedly decided to discontinue the sale of an e-book entitled The Pedophile's Guide to Love and Pleasure. The book has been off the shelves since Thursday afternoon.

Iraqi political parties have broken a record 249-day post-election impasse and agreed to form a government, handing another prime ministerial term to Shia leader Nouri al-Maliki.

Sixty-five percent of Internet-based cancer news contain language that may contribute to public uncertainty about the disease, a new research found.

Shenzhen city in China plans to have 35,000 electric cars on its road within three years, the city's vice-mayor Tang Jie said at an event in Hong Kong.

Mahindra Satyam, a leading global consulting and IT services provider, said on Thursday that it has received a contract from Insurance Regulatory and Development Authority (IRDA) to implement SAP ERP.

Moody's Investor Service upgraded China's 3 big policy banks and Chinese government's bond rating to Aa3 from A1.

Toyota Motor Corp plans to market a new electric vehicle based on its iQ ultra-compact car in 2012 in Japan, roughly coinciding with its release the United States, Kyodo news agency reported on Thursday.

Greece's budget problems are far from over, as its deficit is likely to have narrowed much less sharply than the Government had predicted, Capital Economics said in a note. Greece will now come under heavy pressure to implement an even more draconian fiscal squeeze, Ben May, a European economist with Capital Economics, said.