The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
While we cannot wait to catch a glimpse of her on the big day, one thing is sure: She'll make one hell of a bride.
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
Feels assured by FM's promise that givt will consider their demands.
Jewellers in Ahmedabad were baton-charged when they tried to block traffic on busy Sarkhej-Gandhinagar highway.
Malaika Arora spent a day in London and she shares pictures of what her last 24 hours looked like.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Rama and Sita entered a wonderful maze of lit streets, and when Bharatha caught sight of them as he ran down the steps of the palace, the whole city was chiming with celebration with this festival of lights. A fascinating excerpt from Vayu Naidu's book, The Living Legend.
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
Designer Ridhi Mehra has a look for bride Radhika and her sister-in-law Isha Ambani.
Jewellers are also focusing on designs to attract customers.
Silver ready rose by Rs 350 to Rs 33,850 per kg.
Isn't she the prettiest girl you've seen all day?
T. S. Kalyanaraman is the Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India with a turnover of Rs 8,500 crore (Rs 8.5 billion) this year.
Two years after his controversial drama 2.37 about teen suicide was feted at the Cannes Film Festival, Australian director Murali Thalluri is back with another film, Jewel. The film, which will be shot in Hindi in India is, according to Thalluri, a tale about two young boys who are sold into slavery but escape with a rare jewel.
Silver also rebounded by Rs 140 to Rs 37,050 per kg.
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'He was a very generous co-star. And a very stylish man.'
The scion of the erstwhile Mysuru royal family and Bharatiya Janata Party candidate from Mysore-Kodagu Lok Sabha constituency Yaduveer Krishnadatta Chamaraja Wadiyar does not own a house, land or even a vehicle, according to his election affidavit.
The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.
The suspected undisclosed income in these cases could reach as much as Rs 15,000 crore.
Holi celebrations started early, as Isha Ambani, together with Bvlgari, hosted a party for filmi folk in Mumbai.
Shah and Kankariya, the prosecutors say, sought to use the December 31, 2008 daytime robbery of their money-losing jewelry business, hoping to collect $ 7 million from insurance. The court papers say the dealers were six months behind on rent and had a $ 1 million debt.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Globally, gold rose 0.16 per cent to $1,279.70 an ounce in London.
According to the police, Biswas is a jeweller who allegedly bought the medal.
Extending its gains for the second straight day, gold prices rose by another Rs 100 to Rs 28,450 per ten gram in New Delhi on Monday on pick up in demand from jewellers even as the metal weakened overseas.
Wigan Athletic manager Paul Jewell was charged with improper conduct by the Football Association (FA) on Tuesday for his behaviour towards referee Phil Dowd after Sunday's 2-1 defeat at Arsenal.
Several Bangladeshis, who have come to Kolkata either for medical treatment or education or other purposes, are now stranded in the city and concerned about the ongoing violence and abrupt change of regime in their country.
Danabhai Jewellers & Sons is recruiting Sales Executives, Computer Operators and Assistant Accountants.
Some jewellers kept their shops shut in Mumbai as well.
The Uttar Pradesh Police on Monday said it has gunned down a second accused in the Sultanpur jewellery store robbery case in a pre-dawn encounter in Unnao district. "Akhilesh Yadav's wish has been fulfilled, a Thakur has been encountered," said the father of Anuj Pratap Singh.
The industry is estimated to have incurred a loss of Rs 10,000 crore (Rs 100 billion).
Globally, gold was trading 0.35 per cent lower at $1,267.20 an ounce in Singapore.
Silver followed suit and traded Rs 90 higher at Rs 38,290 per kg on increased offtake by industrial units and coin makers.
