The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
The Hollywood brigade looked super glam on the red carpet of the 82nd Golden Globes at Beverly Hills, California.
Ukraine's Yaroslava Mahuchikh set a new world record in the women's high jump, clearing 2.10 meters at the Paris Diamond League.
Indian javelin star Neeraj Chopra admitted to falling short of his full potential in the Paris Olympics final, where he secured a silver medal with a throw of 89.45 meters.
All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
Neeraj Chopra will return to competitive action at the Paavo Nurmi Games in Turku, Finland, on Tuesday against a stellar field.
'I feel good and I'm rounding into shape ahead of the Olympics.'
The Surat diamond industry is likely to face a loss of around Rs 8,000 crores in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts. Hong Kong is a major business hub for the Surat diamond industry, but schools and colleges have been closed there till the first week of March and even businesses are seeing a dip in view of the outbreak of the novel coronavirus.
Norwegian Jakob Ingebrigtsen shattered the long-standing 3,000 metres world record at the Silesia Diamond League meet on Sunday by more than three seconds.
Premier League champions Manchester City were drawn on Thursday with Juventus, Wydad AC and Al Ain in Group G for next year's FIFA Club World Cup in the United States.
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work diamond polishing units, is expected to be released even as diamantaires will issue fresh orders to such units following the GST relief.
From gorgeous traditional saris to chic contemporary lehengas, there's something for everyone.
Diamond prices vary purely on demand and supply. You can make extraordinary returns within six months or it can even take years.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
India's direct import of roughs was $767 million from Russia in 2013, a little less than five per cent of India's total import of roughs.
Justice Sanjiv Khanna 'belongs to that school of legal luminaries who give the highest primacy to facts.'
Gautam Adani had in the late 1970s applied to join a Mumbai college for education, but the college rejected his application. He did not pursue education but turned to business and went on to build a $220 billion empire. About four-and-a-half decades later, he gets called to the same college to deliver a lecture to students on Teachers Day. Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter.
She blew kisses to her Parisian audience and greeted them with a namaste.
From vibrant lehengas to sassy saris, celebs provide bookmark-worthy references for anyone seeking to shine while complementing the bride on her special day.
Neeraj Chopra on Wednesday bid an emotional farewell to his German coach Klaus Bartonietz who ended his five-year partnership with the star Indian javelin thrower, citing family commitments.
The Swede broke his own pole vault world record with a 6.24 metres effort in the first Diamond League meeting.
The most scathing criticism came from Dr. Cyriac Abby Phillips, a Indian hepatologist and social media influencer known as 'The Liver Doc' on X.
With his calm guidance, Ancelotti gave Vinicius the confidence he needed to flourish.
'Justice may or may not happen, but who are those people who did this to her?' 'If the hospital authorities had helped us that day, or the police, then the real culprits would have been caught.' 'Getting justice for my daughter is my goal now and I want the CM to remember that.'
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
Indian javelin thrower Neeraj Chopra had an additional plea for the government -- to fast-track the process of laying down the currently in-vogue 'Mondotrack' at the National Institute of Sports in Patiala.
Trading of diamonds especially with a gulf country has come under the lens of intelligence agencies here for suspected terror financing and money laundering.
Niche portals like Jewelsnext.com, Caratlane.com and Suratdiamonds.com are making the best use of it, apart from the traditional e-commerce players.
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
Mondo Duplantis and Karsten Warholm to compete in 100m sprint
Pullela Gopichand called P V Sindhu and Saina Nehwal -- his two most successful pupils -- as 'precious diamonds'.
Opting for slightly lower scale in clarity, colour and carat weight can bring down the cost substantially.
Jake Paul is betting on himself to beat boxing legend Mike Tyson when the pair meet in the ring in Texas on Friday.
An 1109-carat uncut diamond, the largest to be discovered in over a century, is now set to be auctioned in a stand-alone sale in London.
Both athletes are currently practicing in a facility at St Moritz, Switzerland ahead of the multi-sport extravaganza.
The triangle that connects Venezuela, Brazil and Guyana attracts a huge number of illegal gold and diamonds prospectors who dream of changing their lives overnight by finding a huge bonanza.
Chopra to begin season with Doha Diamond League on May 10, Jena also to compete for his DL debut
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
