'It is just that we have our standards so low that anybody looks good now.' 'His sort of extremely terminological exactitude is a serious problem. He doesn't seem to understand the difference between exclusive economic zones, territorial waters...' 'I am expecting a lot of confusion because of this... Unless Parrikar starts going into the depth of the problems, he is only going to compound the problem rather than resolve it.'
Diamond industry expects revenues to drop by 20-25% in the current financial year.
Forecasts of a further rise in bullion prices keep Indians away from selling gold.
In his monthly Mann Ki Baat radio broadcast, Modi hailed the potential of India and said the basis of its strength is the country's farmers, artisans, weavers, engineers, small entrepreneurs, the MSME sector and people from many different professions."
Spread over almost each and every part, the temples reflect the devotion of the followers of the Hindu faith. And their devotion often reflects in the balance sheets of temple trusts.
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.
Pre-Diwali Dhanteras sales of gold and silver witnessed a tepid response from consumers on Thursday on account of high prices of the precious metals and sluggish demand due to COVID-19 induced economic hardship, according to jewellers and industry experts. However, jewellers are expecting maximum footfalls on Friday as Dhanteras -- considered the most auspicious day in Hindu calendar for buying items, ranging from precious metals like gold and silver to utensils -- is being celebrated for two days this year.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
Dubai teenager Harshit Seth, on November 28, achieved a unique landmark of picking up a double hat-trick - a wicket of every ball in his over - in the six-team Under-19 Karwan Global Twenty20 League tournament.
As the liquidity crunch reaches crisis levels and getting tax refunds remain a big headache, exporters saw orders fall by 15 per cent till October.
Rising cost of credit and infrastructure bottlenecks are hurting the export sector, says Rafeeque Ahmed, President, Federation of Indian Export Organisations.
Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.
India's merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products, according to official data released on Thursday.
India's strength was never its bowling, says Faisal Shariff, but each time they discover a gem, they seem to perfect the art of pushing him out of the system.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.
The splendid rock figures around Cappadocia and the silent, eternal ruins of Ephesus made a trip to Turkey even more memorable.
This is a photograph that is sure to set off a billion smiles.
A jewellery show in Bangalore exhibited great pieces of diamond jewellery, featuring trendy necklaces and rings on Tuesday. Manasvi Mamgai, Miss India-World 2010 and Miss India-Earth 2010 Nicole Faria were the showstoppers. Take a look.
India produced a dominant display to beat Maldives 2-0 and book a semifinal spot in the South Asian Football Federation Cup, in Dhaka, on Sunday.
Rediff readers shared these pictures of India from their travels.
The stylist behind Deepika Padukone's red carpet looks, Shaleena Nathani is the face of a popular jewellery brand.
The Delhi high court on Friday dismissed a plea by Mehul Choksi, an accused in the nearly USD 2 billion PNB scam, to conduct pre-screening of Netflix documentary Bad Boy Billionaires.
Gold imports, which have a bearing on the current account deficit, declined 47.42 per cent to $9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the commerce ministry. Imports of the yellow metal stood at $17.64 billion in the corresponding period of 2019-20. The imports, however, recorded a growth of about 36 per cent in October.
India processes around 90% of the world's supply of rough diamonds.
India is the world's largest diamond cutting centre.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
Sherdil: The Pilibhit Saga is a boring, overlongm tale of an eccentric with delusions of leadership, sighs Deepa Gahlot.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
Govt clamps have resulted in 93% decline in April-November
The decline in gold imports has helped in narrowing the country's trade deficit to $106.84 billion during the eight-month period under review as against $133.74 billion in the year-ago months.
.jpg)
GEM fund managers more overweight on India than ever before says Bofa-ML report.
Overall gross import of rough diamonds between April to November 2019 has shown a decline of 17.24 per cent to $8.55 billion from $10.34 billion registered during April to November 2018. This is one of sharpest fall in import of diamond in India in last one decade.
With some variations, all regional political formations, whether in power presently or out of it, share some common features: Tight family control of the political apparatus, key members in elected or appointed positions, obvious wealth but not quite known sources of income, and family factionalism, sometimes open and bitter, notes Shreekant Sambrani.
Imports too declined by 12.71 per cent to $38.11 billion in November, narrowing the trade deficit to $12.12 billion. Cumulatively, during April-November 2019, exports were down 1.99 per cent to $211.93 billion while imports contracted by 8.91 per cent to $318.78 billion.
On the grounds of freedom of expression alone, astrology cannot be banned; it also provides a legal livelihood to lots of people.
Twelve days of movie madness and 36 films later, Aseem Chhabra lists his top 10 favourite films from this year's Cannes Film Festival.
