Kerala Gold Smuggling: Swapna Suresh says Consulate General asked her to contact customs

Swapna Suresh, one of the persons named by the media in the sensational Kerala gold smuggling case, has claimed innocence in her anticipatory bail plea, and said she acted upon the instructions of UAE’s consulate general in trying to get the bag released from the customs department. Earlier this week, sealed diplomatic cargo sent by […]

Rajesh Exports gets Rs 1079 crore order from the Middle East

Jewellery manufacturer Rajesh Exports said it has won an order worth Rs 1079 crore from a “leading wholesaler and stockist” from the Middle East. The order has to be fulfilled by June. The company had recently introduced new designs in the international markets which constitute a new range of jewellery. The company said it has […]

Rajesh Exports starts second phase of retail expansion with Bangalore

Gold Jewellery exporter, Rajesh Exports Ltd said it launched its 81st retail showroom under it’s brand name ´Shubh Jewellers´ at Bangalore. “With this launch the company has launched it’s second phase of retail expansion. The company in the second phase of retail expansion has finalized plans to launch series of retail showrooms in the four […]

India signs 15 year contract for exploration of gold and platinum in the Indian Ocean

Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]

No plans to forcibly take temple treasure under gold monetization scheme – Govt

The government of India clarified that it had no plans to forcibly take gold from religious or other institutions under its recently launched monetization scheme. It came up with the clarification in the wake of media reports to the contrary. “Some sections of the media have reported that Government will directly intervene to monetize the […]