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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
July 31,2020

Mumbai, Jul 31: Maharashtra Leader of Opposition and BJP leader Devendra Fadnavis on Friday said that the Enforcement Directorate should carry out an investigation in actor Sushant Singh Rajput's suicide case.

"There is a huge public sentiment about handing over #SushantSinghRajput case to CBI but looking at the reluctance of State Government, atleast @dir_ed ED can register an ECIR since misappropriation and money laundering angle has come out," tweeted Fadnavis.

Meanwhile, Union Minister Ram Vilas Paswan said that no FIR had been registered in Maharashtra yet and that the case must be handed over to the Central Bureau of Investigation (CBI).

"There is a confrontation between two states and there has been no FIR registered yet in Maharashtra. Chirag (Paswan) had spoken to CM Thackeray that there should be CBI probe. All political leaders are demanding for it. It should be handed over to CBI," Paswan said.

A team of the Bihar Police that arrived in Mumbai on Tuesday, recorded statements of two persons, including actor Sushant Singh Rajput's sister, on Wednesday in connection with the case.

An FIR was filed by Sushant Singh Rajput's father against actor Rhea Chakraborty in Bihar on Tuesday.

Rajput was found dead in his Mumbai residence on June 14.

According to the Maharashtra Police, statements of 41 people, including filmmaker Mahesh Bhatt, film critic Rajeev Masand, director-producer Sanjay Leela Bhansali, and filmmaker Aditya Chopra have been recorded in the investigation so far.

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Agencies
July 28,2020

Mumbai, Jul 28: Megastar Amitabh Bachchan says he was left in tears as his daughter-in-law, actor Aishwarya Rai Bachchan, and granddaughter Aaradhya Bachchan were discharged from hospital after testing negative for coronavirus.

Aishwarya and her eight-year-old daughter, who were shifted to the isolation ward of Nanavati Hospital on July 17, were discharged on Monday.

Amitabh, 77, and his actor-son Abhishek are still in hospital after they were admitted on July 11.

In a post on official blog, the Bollywood veteran said that he became emotional when Aaradhya told him that he would be "back home soon".

"They go home, the little one and Bahurani... and the tears flow out... the little one embraces and tells me not to cry... 'You’ll be home soon', she assures... I must believe her," he said.

On Monday, Abhishek had said that he and his father were still under the care of medical staff at the Nanavati Hospital's isolation ward.

"My father and I remain in hospital under the care of the medical staff. Thank you all for your continued prayers and good wishes. Indebted forever," the 44-year-old actor tweeted.

Both Amitabh and Abhishek have been sharing their health updates with fans on various social media platforms.

Last week, Amitabh had dismissed reports that he had finally tested negative for coronavirus, calling the piece of news "an incorrigible lie".

Mumbai's Covid-19 tally rose to 1,10,129 on Monday with addition of 1,033 new cases.

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Agencies
July 25,2020

Mumbai, Jul 25: Movie theatres have been shuttered for months due to the coronavirus pandemic in the country, but the Information and Broadcasting Ministry has now recommended that the Union Home Ministry allow cinema halls to reopen in August. 

I&B Secretary Amit Khare indicated this at a close-door industry interaction with the CII Media Committee on Friday. He said Home Secretary Ajay Bhalla at the Home Ministry would take the final call.

Khare said that he has recommended that cinema halls may be allowed to reopen all over India as early as August 1, or at the latest, around August 31.

The formula suggested is that alternate seats in the first row and then the next row be kept vacant, and proceeding in this fashion throughout.

Khare said that his ministry's recommendation takes into consideration the two metre social distancing norm, but tweaks it gently to two yards instead. The Home Ministry, however, still has to revert on the recommendation.

Cinema owners, present in the interaction, however, pushed back and said this formula is unwise and merely running films at 25% auditorium capacity is worse than keeping the cinemas shut.

The attendees at the meet included media CEOs like N.P. Singh of Sony, Sam Balsara (Madison), Megha Tata, (Discovery), Gaurav Gandhi (Amazon Prime), Manish Maheshwari (Twitter), S. Sivakumar (Bennett Coleman and Co Ltd), and K Madhavan, Star & Disney, and also Chairman, CII Media Committee.

The OTT platforms present, including Gandhi of Amazon Prime, did not push back. Some Bollywood producers, notably those of Amitabh Bachchan's Gulabo Sitabo, have posted their movies on OTT, rather than live out the lockdown uncertainty.

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