After Goodwin default, IBJA calls for ban on jewellers’ deposit schemes

Less than two years after the Punjab National Bank (PNB)-Nirav Modi/Mehul Choksi scam rocked the entire jewellery industry, Kerala-based Goodwin Group’s default in redemption of jewellery schemes ahead of Diwali has again jolted investors and the jewellery industry. Having started as a small jewellery manufacturing unit in Thrissur in 1992, the Goodwin group gradually entered … Read moreAfter Goodwin default, IBJA calls for ban on jewellers’ deposit schemes

Titan hits 6-month low as global brokerages cut target price after Q1 nos

Shares of Titan Company fell below Rs 1,000 mark intraday and hit a fresh 6-month low on August 7 as global brokerages slashed price target on demand worries after Q1 earnings. The stock was quoting at Rs 1,011.60, down Rs 26.45, or 2.55 percent on the BSE at 1025 hours IST. The jewellery-to-eye wear maker met analyst … Read moreTitan hits 6-month low as global brokerages cut target price after Q1 nos

Festivalgoers hospitalised in NSW and Victoria after suspected drug-taking

The Australia Day long weekend has seen a spate of suspected drug overdoses at music festivals in Sydney and regional Victoria. Photograph: Paul Miller/AAP A teenage boy has been found with almost 600 capsules and $2,000 cash at a Sydney music festival where several people left critically ill due to drug use. Six young men aged under … Read moreFestivalgoers hospitalised in NSW and Victoria after suspected drug-taking