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.
Gujarat tops the chart with total seizure worth over Rs 510 crores, followed by Tamil Nadu at Rs 270.15 crores, Andhra Pradesh over Rs158 crores, Punjab Rs 155.91 crores and Uttar Pradesh Rs 142.31 crores.
From real estate to metals, what Sitharaman's Budget has in store.
The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1 lakh on e-commerce firm Flipkart for allowing sale of substandard domestic pressure cookers on its platform, in violation of mandatory standards. Headed by Chief Commissioner Nidhi Khare, the CCPA has directed Flipkart to recall all such 598 pressure cookers sold on its platform, reimburse their buyers, and submit a compliance report within 45 days. The central government routinely notifies the Quality Control Orders (QCOs), specifying compulsory conformity to a standard and use of the standard mark for a product to protect consumers from the risk of suffering injury and harm and in the interest of the public at large.
Sukanya Verma reminds us why we love going to the movies.
It is a sea of men clad in veshtis with distinctive party colour border design seeking votes with a smile and folded hands for their party candidates. The town is abuzz, with electioneering at its peak, and teeming trendy cars criss-cross the busy roads and bylanes bringing in more and more leaders from elsewhere for campaign.
India's merchandise exports jumped 27.16 per cent to $30.04 billion in November on the back of good performance by sectors like petroleum products, engineering goods and electronic items, official data showed on Tuesday. The exports stood at $23.62 billion in November 2020. Imports in November were at $52.94 billion, showing an increase of 56.58 per cent over inbound shipments of $33.81 billion in the year-ago month.
Available in a range of standards, including gold and silver, the special collectors' coin is designed by Heena Glover and features an image of a lotus, India's national flower, alongside one of Gandhi's most famous quotes -- "My life is my message".
Jaitley on Monday rejected demands for rollback of the 1% excise duty.
Auction house Bonhams has sold a spectacular collection of arms and armour once owned by Mysore ruler Tipu Sultan for over 6 million pounds (Rs 56.8 crore).
Robbers made off with priceless jewels from a state museum in Dresden on Monday in what German media described as the biggest art heist since World War Two. The thieves broke into the Green Vault at Dresden's Royal Palace -- home to around 4,000 precious objects of ivory, gold, silver and jewels -- at dawn after a power cut deactivated the alarm. The stolen items included brilliant-cut diamonds that belonged to a collection of jewellery of 18th-century Saxony ruler Augustus the Strong. Here are some of the items thus far confirmed as stolen by the Saxony police.
Many imported things became costlier as Finance Minister Arun Jaitley on Thursday hiked customs duties on these products in the Union Budget 2018-19.
India's badminton ace, pulled out her A-game while interacting with fans on an Instagram Live event on National Sports Day.
"The ventilator on the first floor was broken open and the burglars gained entry using a rope. They made away with a gold tiffin box, a cup studded with rubies, diamonds and emeralds, a saucer and a spoon," security official said.
Smokers and tobacco consumers will have to shell out more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD, and these steps are likely to have a positive impact on the external sector.
2020 Olympic medals to be made from 'recycled' mobiles
Govt mulls raising duty on non-essential goods with annual import bill exceeding $1 billion
Arun Jaitley has rejected the demand for rolling back the levy.
In 1985, Balbir Singh Sr had donated his medals and memorabilia to the then SAI Secretary on being told that they would be displayed in a show window at the then proposed National Sports Museum.
Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. Dunzo has raised $240 million (about Rs 1,787 crore) in its latest funding round that was led by Reliance Retail Ventures Ltd (RRVL) - the retail arm of Reliance Industries, the two firms said in a statement. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.
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.
Finance Minister Arun Jaitley refuted the allegations saying when items of common use were being taxed, how could luxury items be kept out.
From October 2005 through March 2010, Akhtar conspired with others to illegally export restricted goods and technology to Pakistan without the necessary licenses, specifically radiation detection devices, resins for coolant water purification, calibration and switching equipment and surface refinishing abrasives.
Sukanya Verma makes a fun and filmi list of things we miss.
Most popular mandal in Mumbai, Lalbaugcha Raja, takes Rs 51 crore cover.
Yadav said the nationwide strike has affected over 35 lakh (3.5 million) people.
The government on Wednesday reduced the import tariff value on gold to $425 per 10 grams due to falling international prices.
Most jewellery shops and establishments in the country are shut since March 2.
Despite severe restrictions imposed on the number of bulls, bull-tamers and spectators thanks to the pandemic, Jallikattu organisers are hopeful of the show going on this Pongal.
People buy gold, property, vehicle etc on this day as is considered to be extremely auspicious. However, buying these items is not feasible every time. Instead, you can buy gold coins, god idols, figurines etc and celebrate the festival of lights with great fervour.
Silver also turned weak and dropped by Rs 350 to Rs 41,200 per kg on reduced offtake by industrial units and coin makers.
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.
Employment in nine selected sectors, including construction, manufacturing and IT/BPO, was at 3.08 crore in the April-June quarter of 2021-22, reflecting a growth of 29 per cent compared to 2.37 crore reported in the Economic Census of 2013-14, according to a survey. Labour and Employment Minister Bhupender Yadav on Monday released the report of Quarterly Employment Survey (QES) part (April to June 2021), of the All-India Quarterly Establishment-based Employment Survey (AQEES) prepared by the Labour Bureau. Announcing the results, Yadav said the estimated total employment in the nine selected sectors from the first round of QES is 3 crore and 8 lakh approximately against a total of 2 crore and 37 lakhs in these sectors taken collectively, as reported in the sixth Economic Census (EC 2013-14) reflecting a growth rate of 29 per cent.
India celebrated Dhanteras, the biggest gold buying festival, followed by Diwali, when scarcity of the yellow metal and high prices pushed consumers to buy silver and diamond jewellery.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
The sabre, or a curved sword, has been identified as a gift to a British officer for his success in suppressing a siege in Lucknow during what India describes its First War of Independence.
Designer Monica Shah of JADE tells Anita Aikara/Rediff.com how bridal fashion is changing during the lockdown.
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