KOCHI: The Enforcement Directorate (ED) is conducting simultaneous raids at multiple locations in Kerala in connection with the investigation into the now-banned Popular Front of India (PFI) under the Prevention of Money Laundering Act (PMLA). The raids are going on in at least four districts including Ernakulam, Malappuram, Wayanad and Thrissur.The raids, which began on…
Spanish luxury porcelain brand Lladro, which has opened its second biggest store in the world in Delhi, plans to ramp up investment in India as it believes in the “future evolution” of the market, said its global chief executive officer, Ana Rodriguez. India accounts for 11% of Lladro’s global sales. The company generates 69% of…
Gold prices surged to Rs 60,000 per 10 grams in March from Rs 55,300 per 10 grams in January following the American banking crisis. Consumers might be buying less gold amid record-high prices, but top retail chains are seeing a surge in jewellery purchased through deferred or monthly payment schemes. Some of the big jewellery…
