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Shilpa Shetty joins 'gold rush'; launches jewellery firm

[email protected] (PTI)
April 3, 2014

Mumbai, Apr 3: Bollywood actor Shilpa Shetty today launched her own gold bullion and jewellery company, which will have outlets in seven cities.

Shilpa_ShettySatyug Gold has entered into long-term contracts with gold mines all over the world and also owns two refineries in India, Shetty, who is Chairperson of the company, said.

Satyug Gold is opening seven stores in cities like Mumbai, Delhi, Jaipur, Ahmedabad, Pune, Chandigarh and Ludhiana. These outlets will feature regular collections of jewellery designed by the actress.

"We have entered into long-term contracts with gold mines from all over the world and own two licensed refineries in India. Some of the margins we make in our gold business will be passed on to our customers in the form of discounts.

"This is possible because we are a complete mine-to- refinery-to-customer set up," Shetty told reporters here.

Satyug owns 42 per cent stake in AuPtAg Refinery and 50 per cent in Royal Refinery, both located in Navi Mumbai. They have refining capacity of 18 tonne and 150 tonne per annum, respectively, she said.

On the occasion, Shetty launched 12 creatively designed evil eye charms made in 22 karat gold.

The company has also launched its own minted 24 karat (999) purity gold coins in different sizes. The coins will be apt for gifting, Shetty said.

Satyug is also launching, for a limited period and in association with the Indian Bullion & Jewellers Association (IBJA), a scheme that will offer patrons chance to purchase pure 24 karat gold at up to 37 per cent off the prevailing market rates linked to various delivery tenures.

Satyug has inked a five-year deal with the association worth Rs 25 crore as royalty payment, said IBJA President Mohit Kamboj.

Size of India's gems and jewellery industry is likely to double to Rs 5,00,000 crore by 2018 and investment demand in the form of coins and bars has a capacity to reach Rs 1,80,000 crore by 2018 from Rs 85,000 crore in FY 12.

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Agencies
August 5,2020

New Delhi, Aug 5: Playback singer S P Balasubrahmanyam on Wednesday confirmed testing positive for COVID-19 with 'mild' symptoms.

The 74-year-old musician shared the information through a video message posted on his official Facebook page.

In the video, the singer detailed about having a little "discomfort" for two days, stating he had chest congestion along with cold and on-off fever, which led him to get tested for the virus.

However, he also mentioned that he could have stayed at home in self-quarantine, as advised, but did not want to put his family in danger, and hence got admitted by his own choice, to recover quickly.

"I am in good hand, I am in good health. Nobody has to worry about this. The fever has subsided, and in two days I'll be discharged and I'll be home. Thanks for the concern," he said in the video message.

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News Network
June 17,2020

New Delhi, Jun 17: Bollywood actor Hrithik Roshan expressed sorrow over the 'unrest' the country is facing, following the news of the Indian Army personnel being killed in a face-off with the Chinese in Ladakh's Galwan Valley was confirmed.

The 'Super 30' actor said that the situation of 'unrest' people are facing now and to know about the loss of lives in Ladakh has left him with a "heavy heart."

"Our defence stands tall on the ground. My highest respect to the martyred in the line of duty. Condolences & prayers for their families. May the departed & living find peace," the 'War' actor tweeted.

Signalling to the strength and showing support to the Indian Army, veteran actor Anupam Kher wrote on Twitter: "Bharatiya Sena Ki Jai. Jai Hind"

While, 'Golmaal' actor, Tusshar Kapoor tweeted: "More power to our heroes, our brave soldiers in all frontiers! RIP our martyrs!"

The violent face-off happened on late evening and night of June 15 in Ladakh's Galwan Valley as a result of an attempt by the Chinese troops to "unilaterally change" the status quo during de-escalation in Eastern Ladakh and the situation could have been avoided if the agreement at the higher level been scrupulously followed by the Chinese side, India said on Tuesday.

The Army confirmed that 20 soldiers were killed in the face-off including 17 who were critically injured at the stand-off location and exposed to sub-zero temperatures in the high altitude terrain.

Indian and Chinese troops have disengaged at the Galwan area in Ladakh where they had earlier clashed on the night of June 15 and 16, Indian Army said.

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News Network
April 10,2020

New Delhi, Apr 10: Actor Akshay Kumar has pledged to contribute Rs 3 crore to Brihanmumbai Municipal Corporation (BMC) to assist the making of personal protection equipment, masks and rapid testing kits to help the battle against COVID-19.

Film critic and movie trade analyst Taran Adarsh announced on the same on Twitter on Friday and wrote, "After donating Rs25 crores to the PM CARES fund, Akshay Kumar contributes Rs3 crores to BMC to assist in the making of PPE, masks and rapid testing kits."

The 'Good Newwz' actor has been informing people about the necessary precautions to be taken to stay safe amid the coronavirus outbreak through his social media handles. On Thursday, Akshay acknowledged the contribution of all essential workers during the lockdown period, and encouraged people to use the hashtag 'Dil Se Thank You' to express their gratitude to the people "who work to ensure our safety."

Earlier, the 'Mission Mangal' actor joined hands with actors including, Kartik Aaryan, Tiger Shroff, Taapsee Pannu, Kiara Advani and launched a hope anthem - 'Muskurayega India,' and made an attempt to pump up Indians with positivity amid the testing times of coronavirus.
The Ministry of Health and Family Welfare on Friday informed that India's total number of COVID-19 positive cases now stands at 6,412.

Out of the total cases, 5,709 are active patients and 504 of them have been cured/discharged and migrated. With 30 new deaths reported in the last 12 hours, the death toll reached 199, according to the ministry.

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