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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
February 20,2020

Chennai, Feb 20: Three people, including an assistant director were killed and 9 others injured when a crane used for the shooting of “actor Kamal Haasan starrer “Indian 2” film crashed down at Nazarathpet near Poonamallee here late on Wednesday night.

Police said the accident occurred when a group of workers were engaged in erecting a set for a scene at EVP film city, private studio. As the crane crashed down, a heavy-duty light stand that was mounted on it also fell on the workers.

Mr Haasan and the film director S.Shankar escaped unhurt in the accident.

The deceased were identified as Krishna (34), an assistant director of the film, Madhu (29) and Chandran (60), who was part of the catering team.

Tamil Nadu Fire and Rescue Services personnel, along with a fire tender from Irungattukottai rushed to the spot and retrieved the bodies from the spot.

Mr Haasan, who was at the accident spot, also helped to transport the injured people to a private hospital near Poonamallee.

The bodies were sent to the Government General Hospital for post-mortem.

The Nazarathpet police have filed a case and are investigating the cause of the accident.

Meanwhile, Mr.Haasan condoled the death of three people during the film shoot. “The accident is the most horrific I have seen in my film career. I have lost three colleagues, but my pain pales in comparison to the grief of those who have lost their loved ones.

My deepest sympathies to them, he tweeted.

The Lyca productions also expressed condolences over the tragic accident. “We are extremely saddened with the unfortunate accident happened at the sets of Indian 2. We have lost three of our most hardworking technicians, it tweeted.

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Agencies
August 4,2020

Mumbai,  Aug 4: BJP leader Narayan Rane on Tuesday claimed that Sushant Singh Rajput did not "commit suicide" and alleged that the actor was murdered.

He also alleged that the Maharashtra government is trying to save someone.

Addressing a press conference here, Rane said: "Sushant Singh Rajput did not commit suicide. He was murdered. Maharashtra government is trying to save someone. It is not paying attention to the case."

Meanwhile, the Bihar government sent a recommendation for the Central Bureau of Investigation (CBI) inquiry in the case filed by Rajput's father KK Singh in Patna.

"The State Government has sent a recommendation for CBI inquiry in the case filed by Late Shri Sushant Singh Rajput's father, Shri KK Singh, related to the death of Late Sushant Singh Rajput in Patna," Chief Minister Nitish Kumar tweeted.

Earlier, KK Singh had revealed that he had filed a complaint with Mumbai police in February claiming his son's life was in danger. The revelation came as he filed an FIR with Patna police, alleging Mumbai police of inaction even after 40 days of the actor's sudden death.

In a self-made video, Singh alleged that the accused in the actor's death case is on the loose and Patna Police should be provided with help.

"On February 25, I informed Bandra Police that the life of my son Sushant is in danger. He died on June 14 and I asked them to act against people named in my Feb 25 complaint. 

No action has been taken even 40 days after his death. So, I filed FIR in Patna. Patna Police swung into action. But the accused is running away(on the loose). Patna Police should be given help. I thank Chief Minister Nitish Kumar and his colleague Sanjay Jha who gave support to the truth in this hour of grief," he said.

After the actor's demise on June 14, he asked the police to take action against the people named in the complaint given by him on February 25, said Singh, adding that no action has been taken.

An FIR was filed by Patna Police against actor Rhea Chakraborty in the Rajput's death case under several sections of the Indian Penal Code (IPC) including abetment of suicide. Bihar Police started the investigation and dispatched a team to Mumbai.

Earlier, Maharashtra Home Minister Anil Deshmukh condemned the demand for Sushant Singh Rajput's death case to be handed over to the CBI.

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News Network
April 2,2020

New Delhi, Apr 2: After donating to UNICEF to combat COVID-19, actor Kareena Kapoor Khan on Thursday announced that she will also contribute to PM-CARES Fund and Maharashtra's CM Relief Fund along with her husband Saif Ali Khan and son Taimur Ali Khan.

Kareena made the announcement through an Instagram post and also urged others to do their bit by doing whatever is possible.

"We extend our support to the PM CARES Fund and the Chief Minister's Relief Fund (Maharashtra)," read an official statement post by Kareena on Instagram.

"In times like these, every helping hand and every rupee raised matters. Do Help wherever possible," the statement further read.

However, the amount of donation hasn't been revealed in the post.

The star couple has joined a list of celebrities including Akshay Kumar, Varun Dhawan, Alia Bhatt, Vicky Kaushal and others who too have extended support to PM CARES Fund to fight against coronavirus.

Earlier on March 31, the 'Jab We Met' actor had announced their contribution to UNICEF, GIVE INDIA and the International Association of Human Values (IAHV).

There are 1764 active coronavirus cases in the country, while 150 people have been cured and 50 have died, as per the Union Health Ministry. 

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