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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Agencies
February 5,2020

Chennai, Feb 5: Income Tax sleuths on Wednesday raided top Tamil film actor Vijay's residence here besides conducting simultaneous searches at several premises linked to a film production house, movie financier and distributors in connection with suspected tax evasion.

The searches, which began in as many as 38 locations in Tamil Nadu, were still on and unaccounted cash of about Rs 25 crore was seized from the premises of a Tamil film financier who had faced allegations of intimidation and arm-twisting to recover money, official sources told PTI.

Also, several documents indicating substantial tax evasion has been seized, sources added.

Vijay, who was away in Cuddalore district for a film shoot, was apprised by authorities about the searches and he was en route to his residence here, they said.

So far nothing has been recovered from the actor's house and the inmates were cooperating with authorities in conducting the searches, sources said.

Raids were also on in the premises of the production house that had made Vijay's hugely successful recent Tamil movie 'Bigil.'

Further details are expected after completion of searches which is likely to continue tomorrow.

The State police has been providing security for carrying out the searches.

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News Network
February 10,2020

Chennai, Feb 10: The Income Tax Department on Monday summoned Tamil actor Vijay over charges of tax evasion and his alleged links with financier Anbu Chezhiyan.

The development comes after the IT Department on Friday carried out a raid at the actor's residence in Panaiyur area in Chennai.

IT sleuths held searches in connection with the success of a recent film which was a Box Office hit, collecting around Rs 300 crore.

As per sources, the IT Department on Thursday recovered Rs 65 crores from the residence of Vijay's alleged financer in Chennai during raids which were carried out in the connection with the tax evasion case linked to AGS Cinemas.

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News Network
June 19,2020

Mumbai, Jun 19: Actor Sushant Singh Rajput’s memories will continue to be celebrated as Instagram has memorialised his account, adding “remembering” to his bio.

Rajput, 34, known for films like "Kai Po Che!", "MS Dhoni: The Untold Story", "Chhichhore", was found dead in his Bandra apartment on Sunday, sending shockwaves in the film industry and elsewhere.

Days after his untimely demise, Instagram added “remembering” to his account bio and memorialised it as a place to remember the actor’s life.

According to the photo-video sharing website, no one can log into a memorialised account. The posts the deceased person shared, including photos and videos, stay on their page and are visible to the users they were shared with.

Also, once the account is memorialised, no one will be able to make changes to any of the existing posts or information.

The actor’s last post on the social media platform was a tribute to his late mother on June 3.

Rajput’s death is being investigated by the Mumbai Police and so far statements of over 13 people, including actor’s family members and close friends, including actor Rhea Chakraborty and casting director Mukesh Chhabra, have been recorded.

The police have also sent a letter to Yash Raj Films seeking details of the contracts it had signed with him.

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