After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce.
India's Supreme Court has rejected a patent filed by Swiss drug maker Novartis for its cancer drug. The decision has implications for the pharmaceutical industry and millions of people in poor countries.
India is the world's largest gold importer. The government hiked import taxes on gold to control the outward flow of cash, but for weddings, the lure of the yellow metal is not fading.
India's finance minister has announced plans to set up the country's first ever women only bank. P Chidambaram says he hopes that it will be granted a license by October.
India is the world's second largest market for guns after the U.S. Gun control in India is tight, but the black market in arms flourishes. Some 85 percent of guns owned are illegally owned.
The Euromonitor International tracks the percentage change in the number of dogs in a given country in the past five years and correlates that to the rate of economic development.