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Sensex crashes; investors lose ₹5 lakh crore

Market bloodbath as Sensex dives 900 points and jewellery stocks crash

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Geopolitical tensions and PM Modi’s call for gold restraint trigger massive sell-off Indian equity benchmarks witnessed a sharp correction on Monday morning as the Nifty...
ED steps up action against absconding foreign nationals linked to Torres jewellery scam involving hawala and crypto laundering

Torres jewellery fraud case: ED initiates extradition process against absconding Ukrainian accused

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ED moves to extradite Ukrainian accused in Rs.177 cr Torres fraud case The Enforcement Directorate (ED) on Monday initiated the extradition process against Ukrainian national...
Women question why liquor and luxury spending by men were excluded from the rule

Uttarakhand Panchayat limits women’s jewellery to three items; locals demand similar curbs on alcohol...

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Panchayat may review ban to include curbs on alcohol and wedding extravagance A panchayat in Uttarakhand’s Jaunsar Scheduled Tribe region has stirred debate after restricting...
According to Police, the operation took place at a check-post near the Padmavati complex when officers noticed a suspicious tempo

Pune Police seize tempo carrying gold jewellery worth Rs.138 crore amid election preparations

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Authorities launch investigation following discovery of high-value cargo Pune police made a significant seizure on Friday, recovering gold jewellery valued at a staggering Rs.138 crore...
FATF highlights the vulnerability of India's gems and jewellery sector to money laundering and terrorist financing due to the ease of moving large sums without leaving a trail

India’s gems, jewellery sector vulnerable to money laundering, terrorist financing: FATF

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FATF says India needs to pay attention to cash dealings in precious metals, stones The Financial Action Task Force’s (FATF) latest report said India’s gems,...
Domestic indices traded within a range throughout the week with a positive bias

Ahead of the wedding season, sectors like jewellery, apparel, hotels, aviation to gain traction

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Wedding season set to boost demand for apparel, jewellery, hotels, aviation As the wedding season is just around the corner, sectors like jewellery, apparel, hotels,...
The operations resulted in the recovery and seizure of 9.34 kg jewellery worth Rs.6.98 crore, and 2.27 kg of gold coins and bars worth Rs1.37 crore

ED seizes jewellery, gold valued at Rs.8.35 crore in bank fraud case against Transstroy...

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Loan fraud: ED searches Transstroy India In recently conducted search operations by the Enforcement Directorate (ED) on bank lockers belonging to Cherukuri Sridhar and his...
DGFT said in a notification that the restrictions will not apply to imports under the India-UAE free trade deal

Centre imposes import restrictions on certain gold jewellery, articles

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Importers will require permission or license from the government for importing gold products The government has imposed import restrictions on specific gold jewellery and articles....
The Central Govt has said that the gold jewellery and other artifacts can’t be sold without the mandatory Hallmark Unique Identification Number (HUID) from April 1, 2023

Centre prohibits sale of hallmarked jewellery without six-digit unique ID number after March 31

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Govt tweaks rule on sale of gold items On Saturday the Central government announced that after March 31, 2023, the Bureau of Indian Standards (BIS)...
The seizure of assets comes after the central agency carried out searches at multiple locations of the Thrissur-headquartered group on 22 February

ED attaches over Rs.305 crore worth of assets of Joy Alukkas jewellery group on...

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Evidence of Joy Alukkas Verghese's active involvement in hawala transactions has been obtained by ED The Enforcement Directorate on Friday attached assets worth more than...

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