Shilpa Shetty joins 'gold rush'; launches jewellery firm

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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News Network
May 26,2020

Washington, May 26: Making a slight change to the name of their newborn, Tesla CEO Elon Musk and his singer girlfriend Grimes have now named their first child X AE A-Xii.

The difference is only in the numeral part of the name which is now written in the Roman format.

Earlier this month, the celebrity couple hogged headlines for naming their son X AE A-12.

The change in the name came when an Instagram follower of the Canadian singer asked if she had considered changing the name of the child and she replied with, "X AE A-Xii."

However, the performer didn't provide further insight concerning the reason behind the change.

Canadian singer Grimes gave birth to her first child on May 4.

The 32-year-old had earlier taken to Twitter and explained the meaning of the baby's name.  

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Agencies
January 11,2020

New Delhi, Jan 11: The Delhi High Court on Saturday restrained from releasing Deepika Padukone-starrer 'Chhapaak' movie without due credits to the lawyer who represented the acid attack survivor, Lakshmi Agarwal, in her legal battle.

The restraint will be effective from January 15 in multiplexes and live streaming and for others from January 17.

The court directed filmmaker Meghna Gulzar to give due credit to lawyer Aparna Bhat who fought the criminal case for the acid survivor on whose life the movie is based.

It passed the order on a petition filed by Fox Studio challenging a trial court order which had directed the filmmakers to give credit to Bhat.

Delhi's Patiala House Court had earlier this week passed an order granting an ex-parte interim mandatory injunction directed that the filmmaker has to carry a line "Aparna Bhat continues to fight cases of sexual and physical violence against women" during the screening of the film.

Fox Studios then requested the Delhi High Court to set aside the trial court order.

The petitioner submitted that if the order passed in a suit filed just one day before the release of the film, is not vacated, varied or modified, then the petitioner will suffer grave injustice and irreparable harm and injury.

The movie, which hit the cinemas yesterday, is based on Laxmi's life. In 2005, at the age of 15, she was allegedly attacked by a spurned lover.

Laxmi had to undergo several surgeries. Later, she started helping other acid attack survivors and promoted campaigns to stop such gruesome attacks.

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News Network
March 19,2020

New Delhi, Mar 19: As a precautionary measure to combat the spread of coronavirus, Bollywood actors including Preity Zinda, Sidharth Malhotra, and Shraddha Kapoor are maintaining their social distance, while calling on fans to follow health guidelines and maintain good hygiene.

Joining others in sharing what to do while practicing self-isolation at home, Preity Zinda on Thursday took to Instagram and shared a video where she is giving an oil massage to her mother.

In the shared video, the 45-year-old actor was seen at the comforts of her home, giving a good nice 'Champi' to her mom.

She also encouraged everyone to try 'Champi' at home as she suggested it is good for one's hair.

"To keep our heads cool during this home quarantine it felt right to give mom the classic Champi Making the most of staying home & bonding kyuki sir jo tera chakraye, ya dil dooba jaaye- aaja pyaare paas hamare, kahe ghbraye. This too shall pass #day8 #homequarantine #staysafe #oilmassage #covid19 #Staypositive #Ting," the caption read.

On the other hand, actor Sidharth Malhotra is using the self-isolation period to focus this on things one always wanted to do but could not due to time restrictions.

"It's time to take some time off and focus on things we've always wanted to do but never had enough time for. Let's read, reinvent and live our hobbies, spend time with our family and just try to do all we can to stay safe and keep others around us safe too!"

The 35-year-old actor also urged everybody to take measures to avoid the spread of the disease.

"I love you guys, so please take good care of yourself, stay at home, wash your hands and avoid unnecessary travel," he added.

Meanwhile, Shraddha Kapoor has been posting a series of pictures right from the time of her being at home as a precautionary measure from the spread of the virus.

From reading to having a home-made meal to sharing balcony pictures, the 33-year-old actor has made her presence felt online.

On Thursday, the 'Baaghi' actor shared a picture of Bamboo toothbrush, promoting the use of eco-friendly products.

"Being home #BambooToothbrush #Ecofriendly #MorningRitual," the caption read.

According to official data provided by the Ministry of Health, the country has 169 reported cases of COVID-19.

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