The ED has filed a fresh chargesheet against absconding jeweller Mehul Choksi, his wife Priti and others under the anti-money laundering law in connection with the over Rs 13,000-crore PNB loan fraud case, officials said on Monday. This is the first prosecution complaint filed by the central agency against Choksi's wife Priti Pradyotkumar Kothari. She has been charged by the Enforcement Directorate (ED) with "helping her husband in layering of the proceeds of crime".
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect on June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.
Sukanya Verma presents a super fun Bollywood quiz, where all you have to is identify the movie by looking at the still.
Punjab Kings co-owner Ness Wadia believes Rs 2000 crore base price for two new IPL teams is a conservative number which should go up by 50 to 100 per cent during bidding.
Four smaller firms in the infra & technology space on course to more than treble their revenue to Rs 24,000 crore in four years.
Suneet Varma discusses his fondness for jewellery, his newly-minted role as a jewellery designer, and why he'd like people to reconsider their love for gold jewellery.
Saba may be chosen to head the Pataudi family, if her father has his way.
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.
Why millennials are choosing silver over gold this Valentine's Day.
Sukanya Verma quizzes you to find out just how much you know about the movies.
When you think of Indian Maharajas of yore what is the one thing that comes to mind? Jewels! And that is exactly what the world will witness at Christie's, New York during its upcoming auction -- "Maharajas and Mughal Magnificence". The "unprecedented group" of objects is from The Al Thani Collection of the royal family of Qatar. It is expected to see competitive bidding from across the globe. As per Christie's, this collection is poised to be the most valuable auction of jewellery and jewelled objects. The current record is held by The Collection of Elizabeth Taylor, which totals $144 million (Rs 1,003 crore). Mughal emperor Shah Jahan's jade hilted dagger, the priceless jewels of the Nizams of Hyderabad, and a string of pearls belonging to Rajmata Gayatri Devi of Jaipur are among the 400 royal artefacts that would be auctioned on Wednesday. Here's a glimpse of the astounding jewels that will be auctioned.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
The second day of pre-Diwali Dhanteras witnessed a tepid response from shoppers on Friday as gold and silver sales have likely to be fallen by up to 35 per cent year-on-year due to high prices and COVID-19 induced financial distress, although consumers moved to online buying to make most of the festival, jewellers said. The buying was heavily restricted to light weight jewellery, coins and precious stones due to lower purchasing power and high gold rates, they said. Due to the fear of coronavirus infection, many customers who had booked in advance were taking delivery of wedding orders on Friday, while some were seen buying safely through online brands like Tanishq and Melorra.
A British court on Tuesday opened the continuation appeal hearing in the extradition case of Nirav Modi, who is wanted in India on the charges of fraud and money laundering amounting to an estimated $2 billion in the Punjab National Bank (PNB) loan scam case. The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over an initial hearing at the High Court in December last year to determine whether District Judge Sam Goozee's Westminster Magistrates' Court ruling from February 2021 in favour of extradition was incorrect to overlook the diamond merchant's "high risk of suicide".
Tennis fans 12 years or older will be required to show proof of a COVID-19 vaccine in order to attend the US Open, tournament officials announced Friday, just three days before the main draw was set to begin.
Best looks from the Chanel Resort 2022 collection.
The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from November 29, has been fixed at Rs 4,791 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 - December 03, 2021. "The nominal value of the bond...works out to Rs 4,791 per gram of gold," the RBI said.
Rediff reader Rashmi Parab trekked to the twin forts of Lohgad and Visapur this monsoon. Here's an account of her trek in breathtaking photographs!
With her mother and father's celebrated acting genes, are you surprised that Shweta Bachchan looks a natural on screen?
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
The accessories showing at Lakme Fashion Week was a treat for the ladies, with shoes, handbags and creative jewellery taking centrestage.
Nearly five months after its soft launch, the government's e-portal, the National Single Window System (NSWS), is seeing a significant increase in the number of investors using it to get a bunch of approvals for their ventures. The first clearance was granted on 18 January. Since then, the progress has been good. Out of the 1,258 registered users on the portal, 378 were registered in the last one week.
Experts believe that cement companies will post pretty good numbers in Q1FY07.
'Papillon' by Sonali Dalwani for Crimzon and 'The Grunge Begum' by Suhani Pittie. Here's a look at the footwear, handbags and eye-catching costume jewellery on display.
Bhupinder's magical legacy lives on in the musical masterpieces he left behind.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
'He knows what he doesn't want and likes exploring the rest with his cast and crew, so it's like a journey of making something beautiful together.'
Hollywood turned to jewels by Chokshi.
Paris St Germain players Angel Di Maria and Marquinhos were robbed during their club's Sunday home game against Nantes, French sports daily L'Equipe said, adding members of their families were held hostage during the events.
Celebs follow a template for their special day -- an intimate ceremony with few people and a keen eye for a touch of luxury in every aspect.
Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold
Bollywood has often celebrated Lord Krishna with lovely songs over the years. On the festive occasion of Janmashtami, Subhash K Jha picks his favourite Kanha songs.
Vice President Bhairon Singh Shekhawat on Saturday asked the gem and jewellery exporters to create brand India image by improving product quality with the use of latest manufacturing technology.
The 49-year-old jeweller, wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, further remanded in custody during a routine call-over hearing held via videolink at Westminster Magistrates' Court in London.
Going once, going twice, sold! Jewellery that belonged to Marie Antoinette, wife of King Louis XVI and arguably France's most famous queen were auctioned by Sotheby's on Wednesday as part of their "Royal jewels from the Bourbon Parma Family" event. Take a look at the gorgeous jewellery that was up for sale.
The Centre's decision to not reduce the face value of shares of India's Crown Jewel - Life Insurance Corporation (LIC) - was taken to make shareholders feel they are acquiring something 'precious'. The face value of LIC's shares was retained at Rs 10, quoted in the draft prospectus, as it would also align the insurer's shares with those of its private sector peers. Even as the LIC Act was amended to "consolidate or reduce the nominal or face value of the shares", with the Centre's approval, it was decided to stick to the current face value of shares at Rs 10 without splitting the existing 6.32 billion shares.
Featuring Hulk Hogan, The Undertaker, Shawn Michaels, Randy Orton, Rey Mysterio, Kurt Angle, Bobby Lashley...
The biggest Bollywood wedding of the year is happening in Rajasthan this week!
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