Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
Annet Mahendru -- the half-Indian making waves in The Americans -- on her love for Bollywood, daal-chawal and being a Russian spy.
India has become world's 2nd largest mobile phone: Modi
Former Pakistan captain Muhammad Yousuf has declared England's Joe Root as currently the best batsman in the world. Overlooking India's run machine Virat Kohli and South African Ab de Villiers, Yousuf said that he believed Root was the the best in the world at the moment after his monumental 254 against Pakistan in the second Test at Manchester.
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
The Commerce and Industry Ministry is pitching for easing of the gold import restrictions to boost gems and jewellery exports
The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
Siva Sankar looks at S P Balasubrahmanyam's fantastic repertoire.
With India's exports all set to touch $80 billion in 2004-05, the new Foreign Trade Policy to be unveiled on Friday will have a slew of measures to boost farm exports apart from traditional sectors like textiles, gems and jewellery.
Sukanya Verma celebrates the acting legend.
Engage, don't entice, advises advertising guru Sandeep Goyal.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
No one knows where billionaire Nirav Modi emerged from. What is known is that when he came (back) to India, he cut his teeth in the diamond business under the tutelage of his jeweller uncle. Then he began to build a glittering international brand. Soon even Hollywood stars like Kate Winslet and Dakota Johnson were walking the red carpet showing off Nirav Modi jewels.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Here's looking at the latest style outings of our hottest stars.
Credit growth in the industrial sector has slowed down due to sluggish economic growth.
As India gets set to play its 500th Test, Rajneesh Gupta presents India's memorable Test victories at home.
Prime Minister Narendra Modi on Wednesday praised Fiji's Constitution which reflected the will of an enlightened nation, guaranteed freedoms and rights to the citizens, ensured their basic needs and empowered them.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Sukanya Verma looks at the jhoola, and how it's an unforgettable part of many a Bollywood imagery in celebration, romance, frolic and, sometimes, even menace.
'Raazi is being hailed for breaking the glass ceiling for Daughters of Bollywood Inc,' says Sunil Sethi.
Murthy's letter comes even as Sikka celebrates the completion of three years at the helm of India's second largest software exporter.
Materials and utilities were the worst-performing sectors in March.
Sukanya Verma lists the movies she grabbed at MAMI this year.
Buying had been muted in the past few weeks.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
There can't be a parallel inquiry and parallel monitoring by the courts, Attorney General K K Venugopal told the court.
The moves by the RBI, announced late on Wednesday, should increase supplies of gold and brighten the earnings outlook for jewellery makers after the government took tough measures to curb imports last year, analysts said.
Given the strong growth in Asia and easy monetary stance taken by central banks other than the US Federal Reserve (US Fed), overseas investors will soon start re-investing in risky assets, says Abhiram Eleswarapu, head of equity research, BNP Paribas Securities India.
Prime Minister Narendra Modi and Home Minister Amit Shah will soon get around to reworking their organisational set-up and administrative priorities to regain lost ground in the wake of the Delhi electoral debacle, but there's third course available to them as well. That is to introduce the presidential form of government, which prime ministers Indira Gandhi and A B Vajpayee flirted with before abandoning it. Will Modi go further than them? N Sathiya Moorthy analyses the scenario.
Exports of gold jewellery fell 23.13 per cent to $1153 million.
New Zealand captain Kane Williamson feels that one can "learn a lot" by watching his contemporary Virat Kohli's stellar performances in the ongoing ICC World T20.
Gold imports, which peaked at 162 tonnes in May, came down to 19.3 tonnes in November.
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