Terminal 3 of Delhi's Indira Gandhi International Airport has become the world's first and also the largest terminal building to be conferred the prestigious 'Leadership in Energy and Environmental Design New Construction' (LEED NC) gold rating.
Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
Australia have until Oct. 15 to make changes to their 15-man squad
The curtains were brought down on a memorable Asian Games with the celebration of the athletes' stupendous feats and China's cultural heritage at a colourful and technologically mesmerising closing ceremony in Hangzhou on Sunday.
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.
Australia beat India by nine runs to win the Commonwealth Games women's T20 cricket gold medal on Sunday but the real winner was the sport which delivered compelling competition and boosted its case to be included in the Olympics.
On the last day of the competition, Yash Vardhan and Shreya Agrawal bagged three gold medals each.
What do the fluctuating gold-silver price ratio portend?
Dubai witnessed a historic moment as the inaugural edition of the Global Chess League was held on Thursday.
Birj Bhushan loyalist Sanjay Singh becomes new WFI president
The concept of gold as an asset capable of getting anytime money is evaporating.
Cricket has been played only thrice in Asian Games history and India did not take part in the event when it was last held in Incheon in 2014.
Pre-Diwali Dhanteras sales of gold and silver witnessed a tepid response from consumers on Thursday on account of high prices of the precious metals and sluggish demand due to COVID-19 induced economic hardship, according to jewellers and industry experts. However, jewellers are expecting maximum footfalls on Friday as Dhanteras -- considered the most auspicious day in Hindu calendar for buying items, ranging from precious metals like gold and silver to utensils -- is being celebrated for two days this year.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
After a year's delay due to COVID-19, the 19th Asian Games officially opens in Hangzhou on Saturday with hosts China eager to lift a country mired in economic gloom.
Lakshya Sen went down fighting against reigning All England champion Li Shi Feng of China in the men's singles semi-finals.
For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-Covid sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people.
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.
'So far we have paid our salaries and pension in full because we had some reserve fund.' 'But we cannot afford to do so for more than another three months.'
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.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
'That's great for our team and in a way Ashes are bloody hard to win. It's not going to be easy but if we were to win it, that is legacy defining stuff.'
Indicating that things were far from ideal in the ad-hoc panel, Singh said Bajwa wants to take all the decisions by himself, giving a feeling that the previous WFI setup was still in place.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
India's exports contracted by 22 per cent, the steepest decline in the last three years, to $32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. According to the data of the commerce ministry, the trade deficit in June stood at $20.3 billion against $22.07 billion in the same month last year due to a fall in exports and imports. The inbound shipments during the month under review declined by a steep 17.48 per cent to $53.10 billion.
In keeping with the main theme of 'Tides Surging in Asia', the ceremony was about the intermingling of China, Asia and the world in the new era
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
At present, it is trading at around $1,004 an ounce in the international market, about $150 cheaper than gold
A three-way voting process will determine the finalists.
The 30-year-old's decision means that she will miss the upcoming edition of The Hundred, where she was due to represent the Trent Rockets.
The British government launched the 'India-UK Week of Sport' on Monday to celebrate the incredible "living bridge" between both nations to mark India's 75th year of Independence.
Esports to breakdancing, Hangzhou will set the trend for future of sport
The trials to short-list the wrestlers for the Asian Games will likely take place around July 20.
Going forward, Vinita Bali, outgoing MD, Britannia wants to do other things in life which she was unable to pursue.
Jamaican sprinter Usain Bolt, who is set to retire after the World Championships in London next year, has been shortlisted for the 2016 IAAF World Athletes of the Year award.
In three of the past four years, 10-year returns have been 10 per cent or lower, making equity unattractive, compared to other asset classes.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
In other India-related news, Manish Kaurav (KL3 men 200m) and Manjeet Singh (VL2 men 200m) made it to the finals of their respective events for the first time in the history of the tournament.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
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