A downturn in Indian demand could hit global gold prices.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
The government has retained 10% duty on import of the yellow metal.
The event was held in Mumbai on Friday.
Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.
Gold schemes are offering attractive returns to investors.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Designer Pria Kataaria Puri held back-to-back showings over the weekend, putting on display a tantalising array of bridalwear and red carpet specials alongside jewellery by TBZ Nirmal Zaveri and Gitanjali Jewels. Check it out.
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little, Patience, perseverance and plenty of moolah is the way forward even assuming intent is in place, says Anjuli Bhargava.
Since the Union Budget, gold has become costlier by 8-9 per cent because of a 2.5 per cent increase in import duty to 12.5 per cent and about a 5 per cent depreciation in the rupee.
Dealers expect prices to fall further, owing to an impending rate hike in the US
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
'There was no other Lata Mangeshkar, there is none and there won't be any. I will celebrate her life, today and always.'
'People must watch the film to see what is it about.' 'This incident has impacted the families of hundreds of people, whose lives were lost in bomb blasts.'
Kishore Singh salutes Akbar Padamsee, the legendary painter who passed into the ages last fortnight.
The unexpected presence of cops stunned Kaskar, as he asked them maine kya kiya hai?
Upgradation to the new product (from Infosys) will stabilise by this month-end
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
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.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
Banks in talks with temple trusts to push gold scheme
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Sukanya Verma presents a playlist of 100 Lata Mangeshkar songs from different decades of Hindi films -- songs that make me sing, smile, sob and sigh.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
Mehta's export company is the largest integrated gold player in the world.
When Rajasthan CM Vasundhara Raje Scindia decided to convert her government's capital outpost into a hub of culture, she transformed Bikaner House into Delhi's premier cultural space, notes Kishore Singh.
One needs to carefully tread the thin but solid line between the sublime & the ridiculous.
The concept of gold as an asset capable of getting anytime money is evaporating.
There is so much goodness in Garm Hava, says Aseem Chhabra/ Rediff.com
The top posts on social media from your favourite Bollywood celebrities.
'15, 17 years back we were not even in existence in the US. Today nearly 1/3 of prescriptions written comes from India.' 'India is showing that in a very competitive environment -- like the US and Europe -- our industry is doing very well.'
'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.'
'I can tell you the case that hurts me the most is the one in which the little boy is forced to sign the Kohinoor over.' 'You take a mother away from a child, you surround him with grown ups speaking a different language, you tell him he must sign this over or else...'
A glance back at some of the important ups and down Indian Inc faced in 2018.
Nehru decided to build The Ashok in New Delhi to host a UNESCO conference. For a prime minister focussed on India building with projects like the Bhakra-Nangal Dam, IITs and factories, "the hotel spoke of the gumption of the country at that time." Manavi Kapur traces the eventful journey of the hotel, which has now completed 60 years.
Without a moment of hesitation, Rai jumped up on his rickety wooden stool in the witness box. He then drew his legs close to his body and wrapped his arms around his knees and finally tucked his head into his knees demonstrating the fetal position.
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