Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
After recording positive growth for two months in a row, India's exports dipped marginally by 0.25 per cent to $27.67 billion in February and trade deficit widened to $12.88 billion, according to preliminary data released by the government on Tuesday. Imports grew 6.98 per cent to $40.55 billion during the month, the data showed. The trade deficit stood at $10.16 billion in February 2020. Exports during April-February 2020-21 were $255.92 billion, compared with $291.87 billion during the same period of last year, exhibiting a negative growth of 12.32 per cent.
Here's a look at celebs who graced the ramp on Day 2 of Indian International Jewellery Week 2015.
There are so many female-oriented movies, from Mother India to Arth to Pink. But there are some absolute gems that never got their due.
Images from the abandoned fifth One-Day International between India and Sri Lanka at the Ferozshah Kotla, in Delhi, on Sunday.
In China, premiums fell to about $1.50 an ounce on Friday from $2-$3 an ounce.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
However, Jaitley's son-in-law had earlier issued a statement stating that his law firm had returned the retainership the moment they came to know that the company was involved in a scam.
Parliament on Tuesday hailed A P J Abdul Kalam as the "real gem" of India, saying the death of the former President has taken away its "true son" who became the driving force behind the country's space and missile programme.
Imports increased by 4.5 per cent, the highest growth in the last six months as crude oil and gold shipments shot up in the month.
Gold sales were reported at 40 tonnes last year; this might have been surpassed this year.
The auction will also feature works of M F Husain, as well as early works by masters Tyeb Mehta and Francis Newton Souza.
Sukanya Verma celebrates The Legend's 25 distinctly different moods.
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
The new Companies Act that came in to force qualified the money mobilised by jewellery companies as deposits and as a result they had to discontinue such schemes.
The country's exports dipped 8.74 per cent to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery, official data showed on Tuesday. Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32 per cent to $33.39 billion.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
'There cannot be a batsman in the world less liable to panic than Kane Williamson'
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
India's exports to China have doubled to $1,662.86 million in eleven months in 2002-03 from $828.68 million recorded in 2000-01.
A diamond bracelet and jewelled decorative elephants from Jaipur are some of the Indian heirlooms that made up a collection of 350 personal items belonging to Patricia Mountbatten, Lord Louis Mountbatten's eldest daughter, which fetched over £5.6 million (Rs 56 crore) at an auction in London.
Many celebrities including cricket icon Sachin Tendulkar and legendary singer Lata Mangeshkar rallied around the central government on social media using hashtags #IndiaTogether and #IndiaAgainstPropaganda following tweets by Rihanna and climate activist Greta Thunberg backing farmers who are protesting near Delhi border.
The comprehensive foreign trade policy provides for setting up free trade warehousing zones and gives major thrust to service exports.
The spotlight is back on the hawala trade in diamonds.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
Saha, 32, possesses none of his predecessor's flamboyance or big-hitting ability with the bat but his dexterity behind the stumps, to go with his determination in front of them, has meant that Dhoni, who now plays only limited-overs cricket, has not really been missed.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
Imports too contracted by 28.72 per cent to $31.16 billion. Dip in exports and imports narrowed the trade deficit -- the difference between imports and exports -- in March to $9.76 billion, the lowest in the last 13 months.
'Sanjeev Kumar was my favourite actor. But no one can compare with Amitabh Bachchan.'
'The source of our music, the very notes of music itself have fallen silent.'
As per the White Paper issued by FICCI Gems & Jewellery Group -- the total size of the Gems & Jewellery Sector (both domestic and exports) was about Rs 4,15,000 crore (Rs 4,150 billion).
The Congress used Raj Bhavans to topple legally elected governments. The BJP is letting governors get away with all manner of impropriety, notes Aditi Phadnis.
While the Belgian chocolatiers will kick off with a store soon, Faberge aims to build on its gem-cutting base in Jaipur.
India's exports grew by 22.9 per cent in FY'08, marginally higher than a 22.6 per cent growth registered in the previous fiscal, the Reserve Bank said.
Harnoor Channi-Tiwary took off to find some peace and came across these three hidden gems not very far from the country's capital
While Belgium dominated the first half, India did well to roar back in the second session. Belgium went into the half-time break with a 1-0 lead, but India fought back well to keep pressure on the opponents in the 2nd half.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
In a 7-page letter Choksi said, he was being threatened by the individuals with whom he has business relationship and due to the seizure of his assets, his employees, customers and creditors have started to show animosity towards him.
In India 24-carat gold is used mostly in coins and bars
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