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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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News Network
July 12,2020

Mumbai, Jul 12: The Brihanmumbai Municipal Corporation (BMC) has sealed actor Rekha’s bungalow in suburban Bandra after a security guard there tested positive for coronavirus, a civic official said on Sunday.

The guard at the 65-year-old actor’s bungalow ‘Sea Springs’ tested positive on Tuesday, the official said.

The BMC has put a board outside the premises declaring the are as a containment zone. The security guard has been hospitalised at the BMC’s COVID-19 care facility in Bandra Kurla Complex, he said.

As the bungalow is a standalone one, only a portion of it has been sealed, he said.

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Agencies
August 1,2020

Mumbai, Aug 1: Maharashtra Chief Minister Uddhav Thackeray has said that Sushant Singh Rajput case should not be politicised or used to create friction between Maharashtra and Bihar.

Amid the ongoing criticism faced by the Mumbai Police following an investigation into Rajput's death case, the Chief Minister stressed that Mumbai Police is not "inefficient" while appealing those who have any evidence in regard to the case to step forward.

"Mumbai Police is not inefficient. If anyone has any evidence they can bring it to us and we will interrogate and punish the guilty. Please do not use this case (Sushant Singh Rajput death case) as an excuse to create friction between Maharashtra and Bihar," Thackeray said on Friday.

"Bringing politics in the case is the most deplorable thing to do," he added.

Maharashtra government has filed a caveat before the Supreme Court in the Rajput's death case.

Earlier, Bihar government and Rajput's family have filed caveats in the top court seeking to challenge actor Rhea Chakraborty's petition that sought transfer of the FIR registered in Patna to Mumbai in the actor's death case.

"After Bihar government and Rajput's family filed a caveat in the Supreme Court, Maharashtra government has filed a caveat before the SC today to ensure that no order is passed in Rhea Chakraborty's petition case without hearing its (Maharashtra) side," said Sachin Patil, standing counsel for Maharashtra Government.

A caveat is a legal process, in which the party which had filed it before the concerned court, shall have to be heard definitely before the concerned court passes any order in future.

Bihar Police has sought the assistance of Mumbai police to probe the Sushant Singh Rajput case, Mumbai police Crime Branch officials told ANI. However, the Police are still considering their request.

Bihar Police team reached after an FIR was filed by late actor's father KK Singh against Chakraborty in Bihar under several sections including abetment of suicide.

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

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News Network
June 2,2020

New Delhi, Jun 2: Actor Anushka Sharma on Tuesday exhorted people to maintain hygiene and advised to stop open defecation in a bid to avoid coronavirus spread.

As the country is grappling with the coronavirus crisis, the 'PK' actor has joined the initiative with the Swachh Bharat Mission, which aims to tell the people that the contagion can be curbed through strict sanitation process.

"When women all over the country had decided that they would educate everyone on the lesson of close the door, shun the disease, no one had thought that their initiative would turn into such a huge wave!," the actor was seen saying in a video posted in the official Twitter handle of Swachh Bharat I #IndiaFightsCorona.

"Today, in the time of coronavirus pandemic, we all have to again remember and remind others about the lesson of cleanliness," she added.

"If we take care of cleanliness around us, by not defecating in the open, we will keep ourselves healthy and India clean. We will become strong to fight against any kind of disease," the 32-year-old star said.

The 'Sultan' actor noted that by stopping defecating in open and closing the toilet door at all times can be a solid measure to drive the disease out of the country.

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