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.
The Ambanis go all out to celebrate the wedding of their youngest son, Anant, with Radhika Merchant.
Gold imports more than doubled in August to a record high of $10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at $4.93 billion in August 2023. On record high imports, Commerce Secretary Sunil Barthwal said that the tariff rates on gold have been reduced drastically so that smuggling and other activities can come down.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
Shobha Deshpande staged nearly a 20-hour protest in Mumbai after a city-based jeweller allegedly refused to speak in Marathi and asked her to leave his shop where she had gone to make a purchase.
India, the world's largest consumer of gold has created a number of rich jewellers over the years.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Kurumbur in gold-loving Tamil Nadu was once a thriving centre for goldsmiths. Today their number is down to two.
Rama and Sita entered a wonderful maze of lit streets, and when Bharatha caught sight of them as he ran down the steps of the palace, the whole city was chiming with celebration with this festival of lights. A fascinating excerpt from Vayu Naidu's book, The Living Legend.
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
With Indian jewellery market already on the robust recovery path, the jewellers are expecting strong Diwali sales in the Dhanteras as the festive mood remains high with low Covid third wave possibility and softer gold price this season. The industry expects the trends in 2021 will be able to reach pre-covid level sales of 2019 on the back of gold price hovering at Rs 46,000-47,000 per 22 carat 10 grams gold nearly 5 per cent lower than 2020, and jump in number of weddings, a senior official of an industry body said. "Since Navratri market is showing demand. It will continue on Dhanteras also.
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
From those highs, the Bengaluru-headquartered company founded in 2011 is now looking to sell two companies it lists as "well-known acquisitions" on its website - Epic and Great Learning. But strategic buys have been critical to its quick expansion. The company got a valuation of about $8 billion by January 2020 after becoming a unicorn in late 2017.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
The government has not given any concrete assurance on the rollback of excise duty.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
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.
While we cannot wait to catch a glimpse of her on the big day, one thing is sure: She'll make one hell of a bride.
The suspected undisclosed income in these cases could reach as much as Rs 15,000 crore.
The Uttar Pradesh Police on Monday said it has gunned down a second accused in the Sultanpur jewellery store robbery case in a pre-dawn encounter in Unnao district. "Akhilesh Yadav's wish has been fulfilled, a Thakur has been encountered," said the father of Anuj Pratap Singh.
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.
Designer Ridhi Mehra has a look for bride Radhika and her sister-in-law Isha Ambani.
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'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Several Bangladeshis, who have come to Kolkata either for medical treatment or education or other purposes, are now stranded in the city and concerned about the ongoing violence and abrupt change of regime in their country.
The investigation pertains to a case against Pranav Jewellers, a partnership firm based in Tiruchirapalli, whom the ED raided on November 20 and claimed to have seized "unexplained" cash of Rs 23.70 lakh and some gold jewellery.
Ananya Pandey's snazzy, selfie-ready style in Call Me Bae is the first thing to have caught our eye about her ultra glamorous debut on OTT this week.
Isn't she the prettiest girl you've seen all day?
Malaika Arora spent a day in London and she shares pictures of what her last 24 hours looked like.
Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers.
The scion of the erstwhile Mysuru royal family and Bharatiya Janata Party candidate from Mysore-Kodagu Lok Sabha constituency Yaduveer Krishnadatta Chamaraja Wadiyar does not own a house, land or even a vehicle, according to his election affidavit.
The ruling Bharatiya Janata Party received over Rs 785 crore in contributions from individuals, electoral trusts and corporates in 2019-20, which is over five times more than what the Congress received during the same period.
Holi celebrations started early, as Isha Ambani, together with Bvlgari, hosted a party for filmi folk in Mumbai.
A worker earns Rs 10,000-20,000 but in the past month earnings had dwindled to Rs 5,000-7,000.
Priyanka Chopra attends a lavish event hosted by the luxury brand Bvlgari in Rome.
Kalyan Jewellers is eyeing overseas expansion by catering to India-like markets and the diaspora
According to the police, Biswas is a jeweller who allegedly bought the medal.
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