Re-watching 1967's Jewel Thief evokes the joy of cinema, with its perfect blend of thrill, suspense, romance and music. A film like that can never be remade or be tampered with in any way, observes Deepa Gahlot.
When Kamini Kaushal passed away at 98, she missed being a centenarian by just two years. But there is very little else that she missed out on in her long, rich, creatively fulfilling life.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
The federal probe agency also said it seized Rs 12 crore in cash (including about Rs crore in foreign currency), gold jewellery worth Rs 6 crore, silver about 10 kg along with four vehicles following raids launched on Friday in multiple states.
This festive season, Indian homes are mixing global luxury with personal touches using heirloom fabrics, handmade decor, and nostalgic menus to create celebrations that feel both grand and intimate.
He was also the first to be booked under the stringent Anti-Hijacking Act which had replaced the vintage law of 1982.
Over 300 associations, that consists of over 3 lakh manufacturers, retailers, wholesalers and artisans among others, are participating the nationwide stir.
'Customers are coming in; if they aren't buying, they are at least visiting the stores, which was not the case before the Budget.'
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
The government has not given any concrete assurance on the rollback of excise duty.
Dhanteras has cheered up jewellers as it has turned out to be the best in three years, thanks to the lower price of the yellow metal and pent-up demand. In Mumbai's Zaveri bazaar, buyers came in out force and jewellers did not have to depend on freebies to induce sales, even though all of them had announced some offers. In fact, more discounts were announced for diamond and studded jewellery.
There is no guarantee that if we speak in only Indian languages, all our faults will be washed away and India will shine. Why then do they bully and belittle the English-speaking? asks Shyam G Menon.
Some jewellers kept their shops shut in Mumbai as well.
Despite demand, gold jewellery sales are likely to decline by up to 60 per cent this festive season due to stock crunch following restrictions on imports, according to industry experts.
A jewel fiesta happened courtesy the India Bullion and Jewellers Association at Sahar Star, Mumbai.
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
Gold and silver became costlier in the country following the international price rise over the expectations of negative interest rates in the US, the rising trade tensions between the US and China and the weakening of the rupee.
A dedicated physical gold exchange could lead to standard gold pricing in India.
Jewellers across the country will go on a 'token strike' on August 23 against the "arbitrary implementation" of mandatory hallmarking of gold jewellery, All India Gem and Jewellery Domestic Council (GJC) said on Friday. The strike will be supported by 350 associations and federations from all four zones of the entire gems and jewellery industry, the GJC claimed. Mandatory gold hallmarking has come into force from June 16 in a phased manner. The government has identified 256 districts from 28 states and union territories for the phase-1 implementation.
Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.
Gold jewellers in Mumbai lost Rs 1,200 crore (Rs 12 billion) of business during the terrorist bloodbath that engulfed the metropolis from Wednesday to Saturday, a top industry official said.
'The government can increase import duty on gold by 1 per cent, instead of imposing excise duty.'
A worker earns Rs 10,000-20,000 but in the past month earnings had dwindled to Rs 5,000-7,000.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
In the 76 years since India gained independence, 53 recipients of the Bharat Ratna have been there. That's less than one every year, which is a healthy ratio given there is the sanctity of this gem of an award to preserve. But four recipients for the year were announced in a few days in addition to one announced earlier. That took the total number in 2024 to five in less than a month, the highest for any year, post-Independence, notes Shyam G Menon.
The scheme calls for banks, refineries and hallmarking centres to work together.
Two-thirds of gold demand in India comes from rural areas where jewellery is a traditional store of wealth.
Orders for the festive season abroad begin from next month.
Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.
The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.
The RBI has issued guidelines and the government has notified it.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
The coins can have the face and names of the owner embossed on them.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
India's gold imports could pick up in the next few months after slumping 81 percent in June as falling prices spur buying, a government source said, adding to New Delhi's anxiety over a record-low rupee and a wide current account deficit.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Bombay Bullion Association to develop a software for the same.
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