Gold sales were reported at 40 tonnes last year; this might have been surpassed this year.
Adline Castelino's most beautiful pics from Miss Universe 2020.
Residents anxious after masked gunmen break into 4 desi homes in New Jersey, many disappointed over the police's response to the violent crimes. Arthur J Pais reports from New Jersey.
Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.
Black Friday sales in India received a good response as brands dropped their prices making customers queue up outside stores where discounts were steeper. Discounts were offered both online and offline. Most of the international brands in India offered discounts under the Black Friday Sale banner. The Black Friday Sale started in the US on the Friday after Thanksgiving Thursday. The day typically marks the beginning of the Christmas shopping season ahead of the festival.
US start-ups crash and burn frequently, so why the concern about start-up losses in India? The principal reason, says Kanika Datta, is that Indian start-ups clone ideas from the US. Flipkart, Ola, Oyo, Paytm are all variations of ideas developed in the US.
Firestar Diamond, which on its website states that its operations span the US, Europe, the Middle East, the Far East and India, blamed liquidity and supply chain challenges.
The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods, according to the data released by the Commerce Ministry on Thursday. Imports in June too rose by 98.31 per cent to $41.87 billion, leaving a trade deficit of $9.37 billion as against a trade surplus of $0.79 billion in the same month last year. During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion.
Gold prices in India soared to record highs on Thursday, prompting many people in the world's largest bullion consumer to sell old stock, traders said.
The good folks at Visa have just released their most recent Visa Asia Pacific Affluent Study. And this is what we have learnt from it about affluent Indians.
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.
Laxmi Sorte and Kaustav Ghosh, who travelled across 29 Indian states and five Union territories in 101 days, recommend a list of lesser known places in India to add to your travel bucket list.
Those interested in investing in gold have shifted to instruments, such as sovereign gold bonds and gold ETFs. Many others are, in fact, selling gold or using it as collateral to generate short-term liquidity.
Here's a look at celebs who graced the ramp on Day 2 of Indian International Jewellery Week 2015.
Why eat simple when you can try something royal?
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
Some antique jewellery is displayed in a couple of museums in the world.
Here's how you can give your family heirloom a face lift with a dash of style and modern art.
'Cyrus was always very different. He would think before acting.'
Here's a look at the Chivas Studio fashion shows held in Mumbai over the weekend -- and the first style trends for this year!
Saina Nehwal was the cynosure of all eyes in a lovely wine velvet sari.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
Simple, stylish and sophisticated -- three mantras for perfect work wear!
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
Take the poll and let us know.
District Judge Marie Mallon said there were substantial grounds to believe that Nirav Modi would fail to surrender if granted bail.
During this period, all government and private offices, shopping complexes, malls, bars, sports complexes, pubs and beauty parlours will remain closed.
No wedding invitation? No problem! Rajul Punjabi who gate-crashed a wedding shares her experience
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Anu Malik's daughter showcased her collection 'Metal Armour' at the fashion week.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
The World No 1 doubles tennis player, was adorned with ornaments designed by jewellery designer, Moni Agarwal, as she walked the ramp. She showcased Agarwal's royal and exquisite 'Zohrakshi' jewellery collection.
.jpg)
Each company has tied up for different quantity and different quality of diamonds.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
Billionaire Mukesh Ambani's Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as its businesses from oil to retail fired on all cylinders, growing both sequentially and on a year-on-year basis. Net profit of Rs 13,680 crore, or Rs 20.88 per share, in July-September compared with Rs 9,567 crore, or Rs 14.84 a share, in the same period a year back, the company said in a statement. While better realisation and a sharp rise in crude oil prices benefited the old-economy business, retail saw footfalls at stores reach pre-Covid levels and per user earning from telecom business rose.
His brother Nishal, a Belgian citizen, also left the country on January 1, while wife Ami, a US citizen, and business partner Mehul Choksi, the Indian promoter of Gitanjali jewellery chain, departed on January 6, the officials said.
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
Growing for the third consecutive month, the country's exports rose marginally by 0.67 per cent year-on-year to $27.93 billion in February even as trade deficit widened to $12.62 billion, according to official data released on Monday.
The ED conducted further searches at 21 locations across India.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances