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
January 15,2020

Chennai, Jan 15: Superstar Rajinikanth on Tuesday called for neutrality in journalism and urged media outlets to report the truth.

Addressing an event organised by Tamil magazine ''Thuglak' in Chennai, the superstar-turned-politician said that the country needs a journalist like the late Cho S Ramaswamy, who helmed the publication for decades.

"The times, politics and society are going bad. In such a scenario, the media had a huge responsibility towards the people," he said.

Some television channels are biased towards political parties, Rajinikanth said. He added that media, critics and journalists must report the truth impartially.

Comparing true news to milk and fake reportage to water, Rajinikanth said people will not be able to distinguish between the two if they are mixed.

"Only journalists need to tell which portion is milk and which is water...write the truth and don't make a lie seem like truth," he said, amid applause.

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News Network
May 18,2020

Washington, May 18: Joining hands with the European Commission, actor Leonardo DiCaprio launched the Virunga Fund with seed money of USD 2 million to support Africa's Virunga National Park.

Since Virunga has lost a significant amount of revenue due to COVID shutdown post-March, the fund will be used to support the national park and the communities around, reported Variety.

The fund is aimed at disease prevention efforts, protection of mountain gorilla, and other species.

"I had the great honor of meeting and supporting Virunga's courageous team in their fight against illegal oil drilling in 2013," Variety quoted DiCaprio as saying.

"Virunga urgently needs funds to protect the endangered mountain gorilla population, to provide support to the rangers and the families of rangers who have fallen in the line of duty, and to help deliver essential disease prevention efforts. It's critical that we rally together during this time of incredible crisis," he added.

The 'Titanic' actor had earlier produced a Netflix documentary film 'Virunga' which is based on the national park.

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News Network
June 8,2020

Mumbai, Jun 8: Veteran writer-lyricist Javed Akhtar has won the 2020 Richard Dawkins Award for critical thinking, holding religious dogma up to scrutiny, advancing human progress and humanist values.

Akhtar has become the first Indian to be given the honour, which recognises a distinguished individual from the field of science, scholarship, education, or entertainment, who publicly proclaims the values of secularism and rationalism and upholding scientific truth.

Akhtar's wife, veteran actor Shabana Azmi said the award's relevance becomes more prominent especially in the current times when secularism is under attack.

"I am thrilled. I know what a hero Richard Dawkins has been for Javed. The award gains all the more significant because in today’s time when secularism is being attacked by religious fundamentalists of all hues, this award comes as a validation of Javed’s long service to rational thinking," Azmi told PTI.

The award is named after world-renowned English evolutionary biologist Richard Dawkins. Actor-comedian Ricky Gervais received the honour last year.

Bollywood celebrities Anil Kapoor and Dia Mirza took to Twitter to congratulate the 75-year-old writer for the recognition.

"Knowing that Richard Dawkins has been your hero since you read 'The Selfish Gene', the prestigious Richard Dawkins Award must be extra special for you @Javedakhtarjadu Saab! It's a truly incredible honour! Congratulations!" Kapoor tweeted.

Dia said Akhtar's win is a proud moment for rhe country.

"Javed Akhtar Saab has won the prestigious Richard Dawkins Award 2020 for critical thinking, holding religious dogma upto scrutiny, advancing human progress and humanist values. He is the only Indian to have won this award! @Javedakhtarjadu Congratulations! You make us proud," Dia wrote.

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