Gold prices hit a record high in India on Wednesday as global prices surged on war fears, bringing professional bullion trade in the country to a standstill and drawing queues of sellers at jewellery shops.
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
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.
The police said the owners had been booked on Saturday after "confessional statement" of the store manager.
Alfadli, who lives in Avondale, has been looking for a job after completing her diploma in applied computer system engineering.
The big breakthrough in e-commerce came in October when the big three of Flipkart, Amazon and Snapdeal went into an overdrive to win customers and offered pre-Diwali sales with eye-popping discounts.
Jewellery showrooms in Tamil Nadu and Andhra Pradesh were also opened.
Tata group-owned Air India has issued new guidelines on grooming for its male and female cabin crew, including barring them from sporting black and religious thread on the wrist, neck and ankle. Among others, the airline has told the crew that they should not have grey hair and must be regularly coloured in natural shade. "Religious rings with coloured stones and pearls, nose-pins and neck jewellery" along with thumb rings are not allowed.
Some locals spotted the woman's body around 6 am on Wednesday near Malaiya railway crossing. The toddler, aged around two, was seen shaking his mother and trying to wake her up.
India had an Internet user base of 243 million in 2014, of which 35 million were online shoppers.
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.
For the year as a whole the price is expected to average $1,270, which compares with the year-to-date average of $1,289.
Lower income groups earning less than Rs 100,000 a year are yet to recover as are those earning between Rs 100,000 and Rs 200,000.
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West Bengal Chief Minister Mamata Banerjee on Wednesday took stock of the COVID-19 situation in the state, shortly after her swearing-in ceremony, and announced fresh curbs to combat the spread of COVID-19, including suspension of local train services.
On the grounds of freedom of expression alone, astrology cannot be banned; it also provides a legal livelihood to lots of people.
Pravin Sawant now hopes his archery training academy, built on one-acre sugarcane farmland, will finally get due recognition, after producing India's two world champions Aditi Swami and Ojas Deotale.
With over 200 brands and websites as participants this year, the Google Online Shopping Festival is turning bigger.
"Looking at the films come to life on set was a lot of fun. The lensing, the art direction and Prakash Sir's detailed eye. It felt like something special was brewing," says Naina Bhan.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Deputy Chairman of the Supreme Court-appointed Special Investigative Team on black money, Justice Arijit Pasayat, said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April.
The Enforcement Directorate (ED) is expected to press money laundering charges against its two officers and some private individuals who were recently booked by the CBI in a bribery case linked to an accused arrested in the alleged Delhi liquor policy scam, official sources said Tuesday.
India, the world's largest consumer of gold has created a number of rich jewellers over the years.
The front seats upped the fashion quotient considerably at the Dior Gateway of India show.
Cartier, the most prestigious jewellery watch maker in the world, has proposed to set up its exclusive boutique in India to step up its sales in the country, Igor Baschet, area sales head, Cartier India said on Saturday.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
Beginning his speech with 'Jai Siya Ram', the prime minister told the gathering that a grand temple will now be built for 'Ram Lalla', the infant Ram, who had been living in a temporary tent for years.
Dhanteras has cheered up jewellers as it has turned out to be the best in three years, thanks to the lower price of the yellow metal and pent-up demand. In Mumbai's Zaveri bazaar, buyers came in out force and jewellers did not have to depend on freebies to induce sales, even though all of them had announced some offers. In fact, more discounts were announced for diamond and studded jewellery.
The card was used to purchase jewellery and electronic gadgets.
The apex doctors' organisation said it would knock the doors of the Supreme Court if the Kerala government does not enforce Covid-appropriate behaviour to curtail the rising menace of the viral disease by withdrawing this decision.
This was because of the closure of retail shops and factories after the nationwide lockdown was imposed to prevent spread of Covid-19, and a sharp increase in the metal's price.
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As a result, vehicular traffic and movement of people on roads saw a consequential increase in most parts of the state including rural regions, the State capital and key cities like Coimbatore, Madurai, and Tiruchirappalli.
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.
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
Gold prices may be scorching at an all-time high of Rs 16,000, but it has failed to keep away jewellery buyers from making purchases ahead of the festive and marriage seasons in anticipation that the rates may shoot up further.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
