London: A Briton has been sentenced to 16 years in jail for savagely punishing his son whom he suspected of stealing his stepmother's jewellery. He welded his son into a cage and threatened to set him on fire. Kevin Clifford, 51, also beat Gary, 29, with a baseball bat and garden hose as the latter hung upside down in agony, The Sun reported. Clifford, an engineer by profession, also took...
07:18 PM, Jun 03, 2012
New Delhi: Gold prices on Saturday jumped sharply up to Rs 1,095 per 10 gram crossing the Rs 30,000 per 10 gram level, its all-time high, on account of rise in global prices of precious metal and weakening rupee. The maximum jump in prices was seen in Chennai, where gold became costlier by Rs 1,095 at Rs 30,380 per 10 gram, followed by Delhi with a again of Rs 960...
08:33 PM, Jun 02, 2012
Mumbai: Mumbai based 145-year old jewellery retailer Tribhovandas Bhimji Zaveri is tapping the capital market with its public issue of more than 1.66 crore equity shares on April 24, diluting 25 per cent stake, as per the advertisement in The Financial Express. The company has 14 showrooms in nine cities across five states and it primarily sells gold jewellery and diamond-studded jewellery. Jewellery retailer plans to open an additional 44...
03:46 PM, Apr 17, 2012
New Delhi: Jewellers across India, except in Mumbai, have called of their strike after UPA Chief Sonia Gandhi and Finance Minister Pranab Mukherjee promised to look into their demands. The significant lobby includes 10,000 jewellers associations, Bullion Traders and Market Sarafa associations and diamond traders. The unions were on strike since March 17, demanding that the government roll back 1 per cent excise duty on unbranded jewellery, 4 per cent...
06:53 AM, Apr 07, 2012
New Delhi: Jewellers called off their 21-day strike on Friday after meeting Congress President Sonia Gandhi and Finance Minister Pranab Mukherjee on Friday. The jewellers' strike has been called off till Parliament takes a final decision on the excise duty hike on non-branded jewellery and import duty hike on gold. Sources say the Centre is likely to drop one per cent excise duty on non-branded jewellery. An indication that some...
03:17 PM, Apr 06, 2012
New Delhi: Jewellers are likely to call off their 21-day strike, according to sources. The breakthrough came after the jewellers' meeting with Congress President Sonia Gandhi and Finance Minister Pranab Mukherjee on Friday. Sources say the Centre is likely to drop one per cent excise duty on non-branded jewellery. An indication that some of the demands may be met came as Congress President Sonia Gandhi assured jewellers their concerns will...
01:29 PM, Apr 06, 2012
New Delhi: Congress President Sonia Gandhi met protesting jewellers on Friday and assured them that the government would address their concerns. The community's nation-wide strike has entered its 21st day. Some of the jewellers who met Sonia, however, said that they were not satisfied with the meeting as they haven't been given a strong assurance. A meeting of jewellers is also scheduled with Finance Minister Pranab Mukherjee. They are demanding...
11:50 AM, Apr 06, 2012
New Delhi: Centre is likely to roll back excise duty hike on gold and non-branded jewellery, according to sources. This came after Congress President Sonia Gandhi stepped in as jewellers' protests against excise and import duty hikes spread. Congress President Sonia Gandhi met jewellers on Friday and has assured them of a relook into their demands regarding a rollback. The jewellers strike has entered the 21st day on Friday. Hoping...
10:05 AM, Apr 06, 2012
New Delhi: Amid widespread protests over the government's decision to levy duty on unbranded jewellery, Finance Minister Pranab Mukherjee is likely to meet the representatives of jewellers' associations on Friday to sort out the issue. "We have already clarified to all the associations that there is not a case for apprehension. Finance Minister has called a meeting with them. The meeting is likely to take place day-after tomorrow," Central Board...
05:58 PM, Apr 04, 2012
Ahmedabad: Gujarat-based gems and jewellery traders, who are on strike to protest against excise duty on unbranded gold jewellery, were on Tuesday baton-charged in when they tried to block traffic on busy Sarkhej-Gandhinagar highway, police said. The jewellers also held protests and blocked traffic in major cities like Vadodara, Surat, Rajkot. In Ahmedabad, the agitators who tried to block traffic on SG Highway as part of their 'chhaka Jam' programme...
02:53 PM, Apr 03, 2012
Mumbai: Jewellers plan to continue their strike, hurting demand and halting imports of gold and silver in the world's biggest buyer of bullion, an industry body head said on Monday. "We are still striking... We are expecting to hear from the finance minister in a day or two," said Baccharaj Bamalwa, chairman of All India Gems and Jewellery Trade Federation. The strike had started on March 17, a day after...
11:35 AM, Apr 02, 2012
Mumbai: Now if you are getting married soon and still haven't done your jewellery shopping - you should be a worried person because adding to your wedding stress is the fact that jewellers across the country are on a strike for over two weeks now. They're protesting the one per cent excise duty on unbranded jewellery announced in this years budget. Despite heavy losses, associations maintain they shall strike work...
06:48 AM, Apr 01, 2012
Kolkata: Finance Minister Pranab Mukherjee on Friday night said that the Centre is considering the demand made from different quarters to withdraw excise duty on non-branded jewellery. "I have already made a statement in Parliament in this matter. Already responded in the matter...I am considering it. I have received representations from various organisations, state governments and MPs," Mukherjee told reporters on arrival in Kolkata from New Delhi. He was responding...
12:21 AM, Mar 31, 2012
New Delhi: BJP President Nitin Gadkari on Friday wrote to Finance Minister Pranab Mukherjee demanding rollback of the decision to impose excise duty on jewellery and taxes on any purchase above Rs 2 lakh as the industry employs thousands of people and would affect the common man. Mukherjee had announced in his budget speech that the government would impose one per cent excise duty on all unbranded jewellery. He also...
09:06 PM, Mar 30, 2012
New Delhi: Arch rivals Trinamool Congress and CPI-M on Friday joined hands in the Rajya Sabha in criticising the Centre for failing to resolve the issue of strike by bullion traders and jewellers against imposition of excise duty on unbranded jewellery. Raising the issue during the Zero Hour, D Bandopadhyay of Trinamool Congress said prices of gold in India would go up if the strike continues and it will encourage...
05:24 PM, Mar 30, 2012
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
