Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
According to industry estimates, 5 per cent of India's total gold consumption of about 750 tonnes is sold on this auspicious day alone. This year, too, customer's attraction towards gold is likely to continue despite high prices.
The police detained a couple after they mentioned about "a bomb in the bag" -- which turned out to be a false alarm -- during security check at Goa's Dabolim International Airport, delaying the flight they were to board by almost 90 minutes, an official said on Wednesday.
"The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it will be liked by their favourite vote bank," Modi said.
Developers and consultants said even buyers have not been showing much enthusiasm in booking properties, due to high prices and the overall lacklustre economic environment.
.jpg)
Returns on godl have depleted in past few years,
The government will review the weather conditions in the coming days and accordingly take a decision in the interest of the pilgrims, he said.
11,000 mangoes were offered to Lord Ganesh on the occasion of Akshaya Tritiya organised by the Shrimant Dagdusheth Halwai Public Ganpati Trust and Suvarnayug Tarun Mandal in Pune.
Better than expected performance in June quarter of the 2023-24 financial year (Q1FY24) and a robust outlook led to 1.2 per cent gain in Titan Company stock on Friday (July 7). The firm reported 20 per cent growth in revenues, aided by double-digit rise in its major consumer segments. Jewellery, its largest segment, accounting for about 90 per cent of its sales, stood out with a growth of 21 per cent over the year ago quarter.
Maharashtra Navnirman Sena chief Raj Thackeray has appealed to his party workers to not perform 'maha aarti' on May 3, the day of Eid ul Fitr and Akshaya Tritiya.
Earlier, the administration had announced a 24-hour curfew on May 2 and 3 and asked Khargone residents to celebrate the Eid-al-Fitr and Akshaya Tritiya festivals at home.
Stocks of gold jewellery retailers have been able to retain their sheen in 2023 despite volatile gold prices. Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri (TBZ) have rallied 21-72 per cent so far since April as compared to a 13 per cent gain in the benchmark Sensex index. The rally gained steam on the back of gold's 6 per cen
Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment. Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent. The company highlighted that new buyer growth was at 15 per cent while average ticket size was up 8 per cent.
The administration in Madhya Pradesh's Khargone lifted the curfew with immediate effect on Wednesday evening, 24 days after it was imposed following violence during a Ram Navami procession on April 10, an official said.
The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Prime Minister Narendra Modi will interact with chief ministers on the emerging Covid-19 situation in the country on Wednesday through video conferencing, an official said.
The drive begins just days ahead of the Char Dham Yatra in the state.
Former President A P J Abdul Kalam had once cancelled his visit to the Rashtriya Swayamsevak Sangh headquarters in Nagpur for an event after friends warned him that he would be labelled as an "RSS sympathiser", claims a new book, Kalam: The Untold Story.
"All these festivals are festivals of restraint, purity, charity and harmony. Advance greetings to all of you on the occasion of these festivals. Celebrate these festivals with great gaiety and harmony," Modi said.
Bachchan's engaging and witty lines, the juicy bunch of contestants and the guilty pleasure of being a voyeur makes this season of Bigg Boss a must-watch.
With COVID protocols lifted, Bollywood is back to celebrating festivals the only way they know!
The move comes days after Chief Minister Yogi Adityanath's directive for restricting the volume of loudspeakers at religious places in order to avoid trouble to people living nearby.
Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.
The third (Tritiya) day of the Hindu calendar's Vaishaka month which falls in late April or early May every year is called Akshaya Tritiya.
These are golden lessons learned from our elders over the years, says Sumit Rajwade.
With Eid festival and Akshaya Tritiya likely to fall on the same day next month and many other festivals lined up in the coming days, Adityanath said the police needs to be extra cautious.
Uttar Pradesh Chief Minister Yogi Adityanath on Monday cancelled the leaves of all police and administrative officials in the state till May 4 and asked all those on leave to report within 24 hours.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
If you want to celebrate the festival, buy only a little as token.
Pranab's 1963-word speech that lasted 28 minutes, hit all the right notes, as he spoke of nation, nationalism and patriotism in the context of India.
'May this Eid truly bring an end to the difficult times our society has seen.'
For a change, this Akshya Tritiya on April 20, an auspicious occasion for Hindus to buy gold, women are not rushing to buy gold jewellery. Instead, they are eyeing platinum, diamonds and rubies.
Braving intermittent rain, hordes of people were seen flocking big-ticket Durga puja pandals in the city on Monday morning with little or no regard for social distancing norms.
The white metal had hit a record level of Rs 74,300 on April 25.
The process of opening the doors of Kedar Dham began at 3 am. Shiva Shankar Linga, the chief priest of the shrine, carried out the tradition of opening the doors. The first 'pooja' was performed in the name of the Prime Minister Narendra Modi, said a statement.
During the daily media briefing, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that 16 districts in the country, which earlier had cases, have not reported any fresh cases for the last 28 days.
The Bombay Stock Exchange on Thursday said it will keep a special window open for trading in gold ETFs (exchange traded funds) on 'Akshaya Tritiya' day on May 16.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
India's gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's 'Gold Demand Trends Q2 2021' report. In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances