Malabar Gold and Diamonds LIVE Updates: Malabar becomes first Indian jeweller to import 25 Kg gold to UAE under CEPA


Malabar Gold and Diamonds Updates: Retail jewellery major Malabar Gold and Diamonds has become the first jeweller in India to import 25 kg gold under the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. The gold has been imported through ICICI Bank with one percent duty rebate under the agreement.

The group has effectively utilised the duty benefits of the agreement both in import and export for the first time in India. The Company has also been among the first few jewellers to receive the permission to export jewellery to the UAE with tax concessions under this agreement in May 2022.

In May 2022, Malabar Gold and Diamonds became one of the first beneficiaries of India-UAE CEPA when it received the permission to export jewellery from India to the UAE with tax concessions.

Under the agreement, the UAE government has waived the five percent import duty into the UAE. The CEPA between India and the UAE came into effect on May 1, 2022 after Union Commerce and Industry Minister Piyush Goyal and UAE Minister of Economy Abdulla bin Touq Al Marri signed the agreement in Delhi in February 2022.

!1 New UpdateClick here for latest updates

(Delhi CM) Arvind Kejriwal is speaking only what RSS is getting him to speak. He is using language similar to that of BJP’s and RSS’, good sense should prevail on him

– Samajwadi Party leader Swami Prasad Maurya, says Kejriwal can do anything in his greed for votes

Tata Airbus: Investors don’t have confidence in ‘khoke sarkar’, taunts Aaditya Thackeray

Former Maharashtra minister Aaditya Thackeray said investors did not have confidence in the Eknath Shinde-BJP government, which he referred to as « khoke sarkar », and that was resulting in projects moving out of the state. The Shiv Sena (Uddhav Balasaheb Thackeray) leader slammed CM Eknath Shinde, saying after taking charge in June he was busy addressing political gatherings instead of visiting other states seeking investments.

Malabar becomes first jeweller to import gold under CEPA

The group has effectively utilised the duty benefits of the agreement both in import and export for the first time in India. The Company has also been among the first few jewellers to receive the permission to export jewellery to the UAE with tax concessions under this agreement in May 2022.

Iran also barred from Nobel ceremony, after Russia, Belarus

The ambassador of Iran also been excluded from this year’s Nobel Prize ceremony in Stockholm because of the serious and escalating situation in the country, the private foundation that administers the prestigious awards said. Earlier this week, the envoys of Russia and Belarus were barred from attending the glittery event because of the war in Ukraine.

Pakistan: Imran Khan starts long march

Former Pakistani Prime Minister Imran Khan, once again applauded India for its independent foreign policy and New Delhi’s purchase of Russian oil in line with its national interests despite Western pressure amid the Ukraine war.

German inflation hits 10.4% in October: Official data (AFP)

India’s foreign exchange reserves fell $3.85 billion to $524.52 billion

  • India’s foreign exchange reserves further fell to an over two-year low for the week ended October 14, as the central bank continued to defend the rupee’s downslide while ignoring depleting forex reserves to be a major concern.
  • The foreign exchange reserves of Asia’s third largest economy fell by $3.85 billion to $524.52 billion for the week ending Oct 21, according to data released today by the Reserve Bank of India.

Delhi reports highest pollution of the season, air quality hits ‘Severe’ in some areas

Indian steel industry has become second largest in world: PM Narendra Modi

  • As we’re proceeding toward the target of a developed nation, steel industry will play a vital role in strengthening the infra of the country. Indian steel industry has become second largest in world thanks to everybody’s efforts in last eight years: PM Narendra Modi in virtual address
  • Earlier we had to import high-grade steel for defence sector, but now steel used in building INS Vikrant was made in India: PM Modi
  • It’s our goal to double the production of crude steel in India. The govt has set a target to achieve 300 million tonnes of crude steel production in the upcoming years. The govt is promoting circular means of production through Public Private Partnership (PPP) model: PM

Sunak, Macron agree greater cooperation on Channel migrants: Downing Street

Imran Khan launches all out attack on ISI

Imran Khan launches all out attack on ISI, vows to expose them ‘completely’.

England vs Australia T20 World Cup match in Melbourne abandoned due to rain

Domestic stock markets rise

Sensex rises by 203 points to end at 59,959; Nifty at 17,796

Rupee falls 15 paise to close at 82.48 (provisional) against US dollar

Online Ph.D by EdTech cos in collaboration with foreign educational institutions not recognised: UGC & AICTE

  • Online Ph.D programmes offered by EdTech companies in collaboration with foreign educational institutions not recognised, say UGC and AICTE
  • Students should not be misled by advertisements for online Ph.D courses offered by EdTech companies with foreign varsities

Delhi govt appeals LG to grant approval to ‘Red Light On, Gaadi Off’ campaign to curb pollution

  • Red light on, gaadi off’ campaign to be postponed as LG has not given his nod: Delhi Environment Minister Gopal Rai
  • Gopal Rai appeals to LG to grant approval to ‘Red Light On, Gaadi Off’ campaign to curb pollution

Twitter rolls out downvote feature for users after takeover by Elon Musk

  • Twitter’s ‘downvote’ feature is now being rolled out to more users.
  • The downvote button on Twitter is not like a dislike button on YouTube.
  • This feature is not for direct posts but for replies to posts.
  • It is Twitter’s way of dealing with abusive language and irrelevant comments.
  • The downvotes won’t be public and there won’t be any way to count them on the front end.

South Indian Bank gets RBI nod for re-appointment of Salim Gangadharan as part-time non-exec chairman for 1 year

Maruti Suzuki Q2 net profit rises four-fold to Rs 2,112.5 crore

  • Maruti Suzuki Q2 net profit rises four-fold to Rs 2,112.5 crore; total revenue up 46 pc at Rs 29,942.5 crore
  • Maruti says shortage of electronic components impacted production by about 35,000 vehicles in Q2
  • Pending customer orders stood at about 4.12 lakh units, says Maruti

North Korea fires two short-range ballistic missile into waters off the east coast of the Korean Peninsula

North Korea fired two short-range ballistic missile into waters off the east coast of the Korean Peninsula on Friday, according to South Korean military officials, adding to tensions in the region

Medanta brand-owner Global Health sets IPO price band at Rs 319-336/share

  • Global Health, which operates and manages hospitals under the Medanta brand, on Friday said it has set a price band of Rs 319-336 a share for its Rs 2,206 crore initial public offering (IPO).
  • The initial share sale will open for public subscription during November 3-7.
  • The bidding for anchor investors will open on November 2, according to the company.
  • The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 5.08 crore equity shares.
  • As a part of the OFS, Anant Investments, an affiliate of private equity major Carlyle Group, and Sunil Sachdeva (jointly with Suman Sachdeva) will offload equity shares.
  • At present, Anant Investments holds a 25.64 per cent stake in Global Health and Sachdeva owns a 13.41 per cent stake in the company.
  • At the upper end of the price band, the company is expected to fetch Rs 2,206 crore through the IPO.

Former Gujarat CM Shankersinh Vaghela’s son Mahendrasinh Vaghela joins Congress

Swedish appliance manufacturer Electrolux announces up to 4,000 lay-offs worldwide

Rajnath Singh inaugurates 75 infrastructure projects in Ladakh

Defence Minister Rajnath Singh inaugurated 75 infrastructure projects, including Shyok Setu in Leh, Ladakh today.

KKR raises $6 billion for biggest Asia infrastructure fund -sources

  • KKR has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region, two sources familiar with the matter told Reuters.
  • The record commitments to the fund just seven months after its launch underscores investors’ appetite to buy into diversified infrastructure assets at a time when soaring inflation and higher interest rates have depressed deals in many sectors.

Key conspirators of 26/11 attacks continue to remain protected and unpunished: S Jaishankar

  • Key conspirators and planners of 26/11 terror attacks continue to remain protected and unpunished: External Affairs Minister S Jaishankar at UN meeting on combating terror.
  • UNSC has been regrettably unable to act in some cases when it comes to proscribing some terrorists because of political considerations: Jaishankar

Germany plans to legalize recreational cannabis for adults

Rajasthan State Commission for Women takes cognizance of media reports that minor girls in some districts of Rajasthan are sold

Rajasthan State Commission for Women takes cognizance of media reports that minor girls in some districts of Rajasthan are sold on Stamp Paper, issues notice to the Director General of Police & Bhilwara Collector, demands immediate action and factual report in 7 days

Man kills self over ‘harassment by money lender’ in UP’s Bhadohi

  • A 48-year-old man killed himself after allegedly being harassed by a lender from whom he had taken a loan of Rs 50,000, police here said on Friday.
  • Chitrakoot district native Dashrath Singh lived in a rented house at Pasian in Gopiganj police station limits with his wife Durga Devi and their 12-year-old son.
  • He used to run a street food kiosk in the area, Inspector Gaya Prasad Shukla of Gopiganj police station said.Durga Devi alleged that Singh had taken Rs 50,000 from a money lender from Mirzapur and was regularly making interest payments.
  • Recently, after he missed a few payments due to unspecified reasons, the money lender allegedly started threatening him, Shukla said.

Delhi HC issues notice to Centre on plea about delimitation of Municipal wards

Delhi High Court issues notice to Centre and other respondents on a plea moved by Delhi Congress President Chaudhary Anil Kumar challenging the notification issued in regard to the delimitation of Municipal wards in Delhi.

Filmmaker who rammed wife with car after being caught with woman arrested

  • Mumbai police arrested film producer Kamal Kishor Mishra early for allegedly ramming his car into his wife after she spotted him with another woman in the vehicle in Mumbai
  • The alleged incident had taken place on October 19 in the parking lot of the couple’s apartment in Andheri (West) when Mishra’s wife found him with another woman in the car.
  • On Thursday, Kamal Mishra, the producer of Hindi film ‘Dehati Disco’, was taken to the Amboli police station from his home after his wife lodged a complaint against him.

Afghanistan Vs Ireland T20 World Cup match abandoned due to rain in Melbourne

PM Modi moots idea of « One Nation, One Uniform » for police

  • Every state should learn, get inspired from each other and work together for internal security: PM Modi at home ministers’ meet.
  • Law and order directly linked to development, hence it is everyone’s responsibility to maintain peace: PM Modi
  • Social media should not be underestimated, fake news can create chaos, on reservations we saw the kind of fake news that was spread, violence spread, verify news from 10 sources before forwarding any news
  • We have to erect a technological strength to challenge a fake news driven society », he adds.

Elon Musk plans to become Twitter’s CEO and reverse lifetime bans on users

  • Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX, Bloomberg News reports.
  • Musk has fired chief executive Parag Agrawal.
  • Other departures include Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012. Edgett was reportedly escorted out of the building.

India reports 2,208 fresh Covid cases in the last 24 hours

India reports 2,208 fresh cases and 3,619 recoveries in the last 24 hours. Active cases 19,398Daily positivity rate 1.55%

The bird is freed: Elon Musk on Twitter acquisition

Domestic stock markets rise in opening trade

Sensex advances 261.95 points to 60,018.79 in early trade; Nifty climbs 68.85 points to 17,805.80

Fire in cloth godown at Mumbai’s Kurla, nobody injured

A major fire broke out in a cloth godown in Mumbai’s Kurla area early on Friday, a civic official said.

The incident occurred in third Gulab Galli opposite Deluxe Hotel on LBS Marg, he said.

« The fire brigade received a call about the blaze around 4 am. Eight fire tenders were rushed to the spot and the firefighting operation was launched, » the official said.

The fire spread to five to six adjoining galas (commercial spaces), but it remained restricted to electric wiring, plywood, stocks of wood and other material, he said, adding, « There is no report of any injury to anyone. »

The fire has been covered from all the sides and efforts are on to douse it, he added.

15 houses gutted in fire in Kishtwar district of Jammu and Kashmir

Fifteen houses were gutted in a massive fire in Kishtwar district of Jammu and Kashmir, officials said on Friday.

No one was injured in the blaze that broke out in Chag-Gandhari area of Paddar tehsil on the intervening night of Thursday and Friday, they said.

Army and police personnel along with the locals launched an operation to douse the fire. By the time the blaze was extinguished, 15 residential structures were gutted and 23 families have been effected, Kishtwar Deputy Commissioner Devansh Yadav told PTI.

Relief material for the affected people is being sent, the officer said

South Korea says North Korea has fired a ballistic missile toward its eastern waters, reports AP

DCPCR’s early warning system helps students resume formal education

The DCPCR’s early warning system has supported more than 33,000 students chronically absent from schools to resume their formal education, a statement said.

The early warning system, a collaboration between the Directorate of Education (DoE), the Delhi government and the Delhi Commission For Protection of Child Rights (DCPCR), aims to protect the « at-risk » children and bring them back to school.

It fundamentally operates on the idea that a substantially low school attendance of a student is the ramification of a circumstantial vulnerability threatening the child’s education and well-being, it said.

North Korea nuke test would be key concern

The U.N. nuclear chief said Thursday that a new nuclear test explosion by North Korea “would be yet another confirmation of a programme which is moving full steam ahead in a way that is incredibly concerning.”

Rafael Grossi said the International Atomic Energy Agency sees preparations for a seventh test but has no indication of whether an atomic blast is imminent.

“Everybody is holding its breath,” he told reporters in response to a question.

“Further tests, of course, means that they are refining the preparations and the construction of the arsenal. So we are following this very, very closely.”

Rahul Gandhi’s Bharat Jodo Yatra enters third day in Telangana

The Rahul Gandhi-led Bharat Jodo Yatra resumed from Yeligandla in Narayanpet district of Telangana on Friday and is expected to cover a distance of 23.3 km, Congress party sources said. The yatra will halt at Mahabubnagar tonight.

This is the third day of the yatra in the state. The yatra kicked off at around 6.10 am with former union minister Jairam Ramesh, AICC leader KC Venugopal and Telangana Congress president A. Revanth Reddy and a number of party leaders joining Gandhi.

US orders diplomats’ families to leave Nigeria’s capital

The State Department on Thursday ordered the families of U.S. embassy staffers in the Nigerian capital to leave due to heightened fears of a terrorist attack as it repeated a warning for all Americans to reconsider travelling to any part of the country and not to visit Abuja at all.

The announcement came just two days after the department said it would allow nonessential personnel at the embassy in Abuja to depart voluntarily due to elevated security concerns.

IMF warns does not see a quick resolution of China real estate woes

The International Monetary Fund does not see a speedy resolution to China’s real estate problems, an official said on Friday.

« We don’t see a quick resolution » of the real estate sector problems, said Krishna Srinivasan, Director, Asia Pacific Department, IMF, adding the issues « needs to be addressed in a comprehensive way. »

Ex-United Nations employee sentenced for multiple rapes

The sentencing of a former United Nations communications specialist to 15 years in prison Thursday was punctuated by the tears and eloquence of some of his 13 sexual assault victims who said being drugged and raped by a man who first won their trust left them shattered and hopeful that justice might help them heal.

When they were finished speaking, U.S. District Judge Naomi Reice Buchwald told Karim Elkorany that it was particularly heinous that he engaged in the “raping of women who believed he was their friend” as she sentenced him to the maximum he could face after he pleaded guilty to three charges in May.

Twitter CEO among top executives departing as Elon Musk takes over

Twitter Inc. Chief Executive Officer Parag Agrawal is among executives planning to depart as Elon Musk completes his $44 billion deal to take over the social network, according to people familiar with the matter.

Also leaving are Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012, according to people familiar with the matter, who declined to be named because the information isn’t public.

Twitter didn’t immediately respond to a request for comment, reports Bloomberg

US to send Ukraine additional $275 million in military aid

The Pentagon is sending Ukraine a new $275 million package of weapons and other aid, in a move to bolster the effort to drive Russian forces out of key areas in the south as the winter closes in, U.S. officials said Thursday.

Officials said there are no major new weapons in the U.S. package, which is expected to be announced on Friday.

Instead, the U.S. aid is largely aimed at restocking thousands of rounds of ammunition for weapons systems already there, including for the High Mobility Artillery Rocket Systems, known as HIMARS, which Ukraine has been successfully using in its counteroffensive against Russia.

The officials spoke on condition of anonymity to discuss details of a package not yet made public.

Civic-run AC bus catches fire in Mumbai; no passenger hurt

An air-conditioned bus of the Brihanmumbai Electric Supply and Transport (BEST) undertaking caught fire in the northern suburb of Kandivali on Thursday evening, but no passenger was hurt in the incident, a civic official said.

The incident took place at around 6 pm at Lokhandwala Complex circle, when the bus was going towards Kranti Nagar from Kandivali (East) station, he said. The mid-sized bus was of the Daga group and was on wet lease with the BEST civic undertaking on the route no ‘A288’ , said the official.

Punjab CM wants Shah to look into problems faced by farmers along border

Punjab Chief Minister Bhagwant Mann urged Union Home Minister Amit Shah on Thursday to sympathetically look into the problems being faced by farmers along the India-Pakistan border fence in the state.

Addressing a two-day « Chintan Shivir » of home ministers here, Mann urged Shah to reduce the distance between the border fence and the actual border to facilitate the farmers cultivating their land across the fence, according to an official release.

The chief minister said the distance must be reduced to 150-200 metres, instead of the existing around one kilometre, to ensure that the farmers of the border region benefit from it.

Lebanon and Israel sign sea border deal

Lebanon and Israel signed copies of a US-mediated sea border deal on Thursday and delivered them to the UN in the coastal border town of Naqoura.

The agreement to demarcate the maritime border comes after months of indirect talks mediated by Amos Hochstein, the US envoy for energy affairs, and would mark a major breakthrough in relations between the two nations, which have formally been at war since Israel’s creation in 1948.

IFCI raises Rs 100 crore via preferential shares

Long-term infrastructure financier IFCI Ltd on Thursday raised Rs 100 crore through preferential allotment of shares to the government. The Committee of Directors at its meeting held on October 27 has allotted 9,29,36,802 number of equity shares at a price of 10.76 each including a premium of Rs 0.76 each share to the Government of India, IFCI said in a regulatory filing.

Laisser un commentaire