Expressing surprise over S&P's threat to downgrade India's credit rating, industry bodies on Friday termed the global agency's affirming its negative outlook on the country as unfortunate and harsh.

Facebook and Twitter launched applications on Thursday for Google glasses as developers rushed to learn more about tailoring software for the Internet-linked eyewear yet to hit the market.

Leading stock exchange BSE has imposed restrictions on trading of 29 stocks for failing to convert at least half of the public shareholding into dematerialised format. The bourse would shift these scrips to the trade-to-trade segment or 'T' group category with effect from May 23, 2013.

Continuing with the innovation, Google Inc has now launched a service through which users will be able to transfer money via e-mail. The facility will be made available to the users who link their bank accounts with Google wallet account.

After two days of steep fall, gold prices recovered by Rs 10 to Rs 26,810 per 10 grams in the national capital on Friday on low level buying by retailers.

Extending gains for the fourth day in a row, the BSE benchmark Sensex on Friday rose by 39 points, mainly on buying in power, capital goods and realty sector stocks amid increased foreign inflows.

The government has slashed the import tariff value of gold and silver to USD 466 per ten grams and USD 761 per kg, respectively, considering weak global price trend. Tariff value is the base price on which the customs duty is determined to prevent under-invoicing.

Gold futures prices on Friday fell by 0.31 percent to Rs 26,050 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend where the metal dipped to one-month low.

Continuing its slide, gold slipped below Rs 26,000 per 10 gm in the futures market on Friday as speculators engaged in reducing positions, tracking a weak trend overseas.

Prices of 348 medicines, including life saving drugs, will be cheaper soon by up to 80 percent as the new Drug Price Control Order has come into effect.