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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
May 15,2020

New Delhi, May 15: In an attempt to constructively use leisure time during the lockdown, actor Bhumi Pednekar has started learning Kathak from her mother, Sumitra Pednekar, who is a trained dancer of this discipline.

Elaborating on her keenness to enhance her knowledge on the dance form, the actor explained about her routine followed for the dance practice and how much she is enjoying it.

"I wanted to learn kathak for a long time as my mother is a trained Kathak dancer! So, for about an hour in the evening this what I and my mom do. She is quite enjoying it and I'm loving learning it from her!" the 30-year-old actor said.

The growing fear of coronavirus has halted many entertainment shootings and productions. The 'Pati Patni Aur Who' actor referring to the current situation opened about the uncertainties of going back to shootings.

"It has put a big question mark on when will we get back to work and how things are going to be. There's a lot of uncertainty. Of course, our dates and schedules have gone haywire and we can't plan anything," she added.

However, the 'Bala' actor is finding a silver lining among the gloom as she says that the time has given her an opportunity to get back to what she used to love as a child - the habit of reading.

"I was a voracious reader but since entering Bollywood I haven't got a chance to read something at a stretch," she said.

"But now, I have got all the time and I'm making full use of the time at hand. I have been watching TED talks and have been reading a lot about climate change because that is something, I am severely passionate about. This time has been very educational for me," she added.

On the professional front, Pednekar will be soon seen as a leading lady in the Akshay Kumar's 'Durgavati' and award-winning director Alankrita Srivastava's 'Dolly Kitty Aur Woh Chamakte Sitaare'.

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News Network
May 26,2020

Washington, May 26: Making a slight change to the name of their newborn, Tesla CEO Elon Musk and his singer girlfriend Grimes have now named their first child X AE A-Xii.

The difference is only in the numeral part of the name which is now written in the Roman format.

Earlier this month, the celebrity couple hogged headlines for naming their son X AE A-12.

The change in the name came when an Instagram follower of the Canadian singer asked if she had considered changing the name of the child and she replied with, "X AE A-Xii."

However, the performer didn't provide further insight concerning the reason behind the change.

Canadian singer Grimes gave birth to her first child on May 4.

The 32-year-old had earlier taken to Twitter and explained the meaning of the baby's name.  

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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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