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.

Comments

Juliann
 - 
Saturday, 19 Mar 2016

Simply wish to say your article is as astounding. The clarity in your publish is just excellent and i can think you are knowledgeable on this subject.
Well together with your permission let me to grasp your RSS
feed to eep upp to date with impending post. Thank
you a million and please keep up the gratifying work.

Check out my wweb bllog - self storage gold ira reviews: http://linktown.kvue.com/biz/selecta-llc/midland/tx/79701/68780253

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 22,2020

New Delhi, Jun 22: Amidst a strain in the ties between India and Nepal, actor Manisha Koirala, a Nepali national, on Monday urged people of both the countries to be not "aggressive and disrespectful" towards each other.

Koirala, a leading Bollywood actor of her times, took to Twitter to request people to let the respective government resolve the issues and stay "civil."

"A heartfelt request please let's not be aggressive and disrespectful..we are in this situation together..our respective Gov's will resolve the issue. In the meantime we can be civil ..I remain hopeful," she tweeted.

Earlier last week, Nepal 's Upper House of Parliament endorsed a proposal to discuss the Constitution amendment bill to update the country's map that incorporates parts of Indian territory.

Nepal's House of Representatives had on June 10 endorsed a proposal seeking consideration of a constitution amendment bill for change of country's map after a lengthy discussion. Nepal has made offers to India to hold "diplomatic talks to resolve the territorial issue" between the two countries.

New Delhi has said that the updated map is "not based on historical facts and evidence" and termed the claims by Nepal as artificial enlargement.

External Affairs Ministry spokesperson Anurag Srivastava also said that the move is violative of the current understanding to hold talks on outstanding boundary issues.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 10,2020

Washington, Mar 10: British adventurer Bear Grylls on Monday shared the power-packed trailer of `Into The Wild` episode featuring South Indian superstar Rajinikanth.

The video captures Rajinikanth driving through the forests of Bandipur in Karnataka, where the episode has been filmed. The 45-year-old adventurer shared the daredevil video on Twitter featuring Rajinikanth amid the woods and in the background, Grylls is heard saying "He`s faced a lot of fears, but he never gives up. He`s relentlessly positive."

He captioned the post on Twitter and wrote: "Superstar @Rajinikanth`s relentless positivity and never giving up spirit was so visible in the wild as he embraced every challenge thrown at him. Respect! Watch Into The Wild with @BearGryllson March 23 at 8:00 pm. @DiscoveryIN#ThalaivaOnDiscovery."

The video shows the Padma Bhushan actor and Grylls climbing hills and wading through gorges and ravine. The duo is seen driving through the Deccan forest. Amid the video, Grylls is seen addressing Rajinikanth as a "superhero." The actor is seen pulling off his signature `sunglass` move.

Earlier in February, the adventure show host shared an intriguing motion poster marking superstar Rajinikanth`s blockbuster TV debut in Discovery`s `Into the Wild`. Grylls also shared that it was a special experience for him to work with the Rajinikanth.

In January, Rajinikanth suffered minor injuries while shooting for the special episode of `Man vs Wild` Bandipur forest in Karnataka.

After Prime Minister Narendra Modi, Rajinikanth becomes the second Indian personality to be featured on Grylls` survival show.

The episode with Prime Minister Modi was aired last year in August and became quite an attraction among viewers.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
August 3,2020

Mumbai, Aug 3: In a significant statement, Mumbai Police chief Parambar Singh on Monday said that actor Sushant Singh Rajput was “emotionally disturbed” after the death of his ex-manager Disha Salian.

“When he saw his name being linked to Disha Salian’s death on social media, he was emotionally disturbed. He had met Disha Salian only once, he even asked his advocate who she was,” Singh told reporters in Mumbai.

According to him, Sushant Singh Rajput was conscious about what was appearing about him on social media.

Singh also rejected allegations that Mumbai police had not sealed the Bandra duplex flat where the actor ended his life.

“The flat was sealed on June 14 itself (the day of the suicide), the next day, on June 15, forensic teams and doctors visited the flat. Only after that, the flat was unsealed,” Singh said.

The police chief also ruled out that a party was held in the flat on June 13 evening. “We have the CCTV footage of June 13 and 14,” he said.

On the quarantining of Bihar IPS officer Vinay Tiwari in Mumbai, Singh said that he does not have knowledge of this. “The BMC should have knowledge of this. They look into quarantine issues, we do not,” he said.

Singh said that the investigations are ongoing and so far 56 statements have been recorded. “We are in touch with experts, doctors,” he said.

On the bank accounts, he said that during their investigations it has come to light that Rs 4.5 crore was there in the form of deposits.  “We have recorded the statement of his current chartered accountant, former chartered accountant, we have checked the bank statements, ledger,” he said, adding that investigations are still underway.

According to the FIR filed by Sushant Singh Rajput’s father Krishna Kumar Singh in Patna, his son’s money was swindled by his girlfriend Rhea Chakraborty and her family members.

“The Mumbai Police is investigating the case thoroughly, from all possible angles, including his family members, friends, doctors and others, besides the details of the financial transactions of Sushant’s bank accounts,” Singh said.

To a query on the name of a prominent Maharashtra politician being dragged in social media, Singh categorically said that the investigations have not shown any such thing.

Singh also said that the Mumbai police had “initially recorded” the statement of the family members. “The statements of father and sisters were recorded on June 16,” he said, however, added that they have not responded to requests later on.

He said that the Mumbai Police has extended all cooperation to the family. “Sushant Singh Rajput’s sister and brother-in-law met our joint commissioner of police. They wanted to go to the Pune bungalow in Pawna area. An assistant commissioner of police accompanied them,” he said.

Who is Disha Salian?

Disha Salian hails from Karnataka’s coastal district of Udupi. She was born in 1992 into a business family background. She reportedly migrated to Mumbai with her family at an early age. 

After completing her education, she worked in the Times of India Group for more than three years. She went on to become the celebrity manager at Media Vantage.

Apart from Sushant, she had great links with many popular celebrities like Bharti Singh, Alisha Panwar, and others.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.