Hyderabad to host India's largest Jain business summit
Hyderabad: The Hyderabad Chapter of the Jain International Trade Organisation (JITO) hosted a spectacular curtain raiser event for JITO Connect 2025, set to be the largest-ever congregation of Jain entrepreneurs, innovators, and changemakers in India. Scheduled from October 3rd to 5th at HITEX & HICC, Hyderabad, the national summit is expected to host over 50,000 participants, with 2 lakh footfalls, 1,000 business stalls, and global sessions focused on entrepreneurship, innovation, and community development.
The curtain raiser included a vibrant fashion show and the official unveiling of 'The Bridal Story', an exclusive, high-end wedding exhibition curated by the JITO Ladies Wing, featuring top designers like Deepthi Reddy, Wrickie Angrish, Rosy Ahluwalia, and Pallavi Jaipur.
Unveiling the roadmap, JITO Apex Chairman Prithviraj S. Kothari emphasized Hyderabad's selection over major metros, highlighting the city's strategic role in hosting such a milestone event. He announced major initiatives planned during the summit, including:
JITO Apex President Vijay Bhandari hailed the summit as the 'Mahakumbh of JITO,' noting its phenomenal growth from 12,000 members in 2016 to 50,000 today. Secretary General Lalit Kumar Dangi underlined JITO Connect's vision for inclusive economic empowerment, driven by youth, women, and social service wings.
Gautam Pokarna, Founder of JITO Hyderabad, pledged to make JITO Connect 2025 the most successful edition yet. Rohit Kothari, Chairman of JITO Hyderabad, celebrated the city's role in hosting the national summit for the first time in 18 years since the chapter's inception.
Key sectors such as Artificial Intelligence, Startups (via JIIF, JITEM), and sectoral focus zones will take center stage at the summit. Sponsorships and stall bookings officially opened at the event.
Driven by the ethos of 'Aarthik Sudradhata, Shiksha, and Seva', JITO continues to set new benchmarks in sustainable business growth and inclusive development. JITO Connect 2025 promises to be a landmark celebration of entrepreneurship, collaboration, and community leadership.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 hours ago
- Economic Times
Why China's going all in on gold and India isn't, says financial adviser
China is reshaping global gold demand with a bold, state-led strategy to reduce reliance on the US dollar and prepare for prolonged economic turbulence. From directing insurance firms to buy physical gold to encouraging citizens to hold it, Beijing is shifting the financial landscape. Meanwhile, trade tensions and inflation worries are fuelling global gold prices, raising the prospect of gold breaching $3,400 per ounce. In contrast, India's gold policies remain cautious and restrictive. Tired of too many ads? Remove Ads State-led push triggers surge in gold demand Tired of too many ads? Remove Ads Behind the numbers: a two-decade build-up India's gold story: rich in culture, light on policy Markets react to trade talks and tariffs Tired of too many ads? Remove Ads Inflation, bonds and the dollar Can gold really hit $3,400? China keeps buying gold Other metals feel the heat China is stepping up its gold game. As trade talks with the US remain uncertain and inflation lingers, Beijing has launched a sweeping financial strategy to shift its economic anchors from the US dollar to physical gold and the strategic shift was highlighted by Alok Jain, founder of Weekend Investing. In a recent post on X, Jain noted, 'China is encouraging citizens to hold more gold.' He added, 'They know gold has a future,' contrasting China's approach with India's restrictive stance on gold loans and high import March 2025, China took a decisive step. The China Banking and Insurance Regulatory Commission (CBIRC) issued Directive No. 2025-03, which requires all insurance companies to invest at least 1% of their assets — over ¥4.5 trillion — into physical enable this, insurers were granted access to the Shanghai Futures Exchange (SHFE), bypassing global trading platforms. This marks the first time insurance firms have been given such direct entry, according to moves build on a 2024 campaign by the People's Bank of China urging citizens to buy physical gold, which led to a 34% increase in national gold consumption gold accumulation isn't new. Since 2000, it has grown official gold reserves from 395 tonnes to over 2,200 tonnes. But some analysts believe Beijing holds more than 5,000 tonnes, much of it acquired through discreet, off-market aim? Reduce dependence on the US dollar and cushion the economy against geopolitical shocks. And with global uncertainty rising, the plan seems to be gaining by contrast, remains heavily gold-dependent at the household level but lacks a coordinated national gold policy. Indian families, especially women, collectively hold more than 25,000 tonnes of gold — mostly in the form of high import duties and restrictions on gold-backed lending limit broader financial leverage. While the cultural value of gold is high, its strategic utility remains untapped at the policy Tuesday morning, MCX Gold August contracts rose 0.72% to ₹96,475 per 10 grams, reflecting cautious optimism surrounding US-China trade talks in reported that US President Donald Trump had said his administration was "doing well" in the negotiations and received "positive reports from the talks".But the details remain vague. A new framework agreement is in place, building on last month's Geneva discussions, yet both Trump and President Xi Jinping have yet to approve it.'Any positive developments from the talks could provide headwinds for gold prices, while a stalemate in talks is likely to renew the precious metal's appeal,' said Zain Vawda, market analyst at are also eyeing the US Consumer Price Index (CPI) data, due later today. Inflation is expected to stay sticky. A weaker dollar ahead of the data release has already helped lift Kamboj, Vice President of India Bullion and Jewellers Association, said, 'Market participants are closely monitoring the ongoing US-China trade negotiations taking place in London, alongside key inflation data set to be released this week in both India and the US.'She added, 'Attention is also on the upcoming long-term bond auction in the US on Thursday; a weak response could spark renewed interest in gold at lower price levels.'Gold futures rose to $3,350.10 per ounce on Wednesday, while spot gold reached $3,329.70. Analysts see potential for further gains if inflation continues and trade talks stall.'If it does not [fall], then a run toward the $3,400/oz level and beyond starts to look like a real possibility,' said a US court ruling has kept Trump-era tariffs in place. These "liberation day" tariffs, set to kick in by early July, could add to inflation pressures and drive further interest in May, the People's Bank of China added 60,000 troy ounces of gold to its reserves. This marks the seventh straight month of additions, pushing total holdings to 73.83 million troy steady accumulation is a key reason why global gold prices may remain elevated in gold gained, silver futures fell 0.9% to $36.328 per ounce. Platinum surged 3.6% to $1,255.65, and copper dropped 1.4% on the London Metal the US, copper futures also declined 2.3% amid concerns over high tariffs and slowing global is back in the spotlight. China is betting big, not just on cultural affinity but on financial strategy. Trade talks, tariffs, and inflation data will shape the path ahead, but one thing is clear: gold is more than tradition now. It's a play on the Jain put it, "They know gold has a future."
Time of India
3 hours ago
- Time of India
Why China's going all in on gold and India isn't, says Financial adviser
China is stepping up its gold game. As trade talks with the US remain uncertain and inflation lingers, Beijing has launched a sweeping financial strategy to shift its economic anchors from the US dollar to physical gold and the yuan. This strategic shift was highlighted by Alok Jain, founder of Weekend Investing. In a recent post on X, Jain noted, 'China is encouraging citizens to hold more gold.' He added, 'They know gold has a future,' contrasting China's approach with India's restrictive stance on gold loans and high import duties. — WeekendInvestng (@WeekendInvestng) State-led push triggers surge in gold demand In March 2025, China took a decisive step. The China Banking and Insurance Regulatory Commission (CBIRC) issued Directive No. 2025-03, which requires all insurance companies to invest at least 1% of their assets — over ¥4.5 trillion — into physical gold. To enable this, insurers were granted access to the Shanghai Futures Exchange (SHFE), bypassing global trading platforms. This marks the first time insurance firms have been given such direct entry, according to SHFE. Live Events These moves build on a 2024 campaign by the People's Bank of China urging citizens to buy physical gold, which led to a 34% increase in national gold consumption year-on-year. Behind the numbers: a two-decade build-up China's gold accumulation isn't new. Since 2000, it has grown official gold reserves from 395 tonnes to over 2,200 tonnes. But some analysts believe Beijing holds more than 5,000 tonnes, much of it acquired through discreet, off-market deals. The aim? Reduce dependence on the US dollar and cushion the economy against geopolitical shocks. And with global uncertainty rising, the plan seems to be gaining momentum. India's gold story: rich in culture, light on policy India, by contrast, remains heavily gold-dependent at the household level but lacks a coordinated national gold policy. Indian families, especially women, collectively hold more than 25,000 tonnes of gold — mostly in the form of jewellery. But high import duties and restrictions on gold-backed lending limit broader financial leverage. While the cultural value of gold is high, its strategic utility remains untapped at the policy level. Markets react to trade talks and tariffs On Tuesday morning, MCX Gold August contracts rose 0.72% to ₹96,475 per 10 grams, reflecting cautious optimism surrounding US-China trade talks in London. Reuters reported that US President Donald Trump had said his administration was "doing well" in the negotiations and received "positive reports from the talks". But the details remain vague. A new framework agreement is in place, building on last month's Geneva discussions, yet both Trump and President Xi Jinping have yet to approve it. 'Any positive developments from the talks could provide headwinds for gold prices, while a stalemate in talks is likely to renew the precious metal's appeal,' said Zain Vawda, market analyst at OANDA. Inflation, bonds and the dollar Investors are also eyeing the US Consumer Price Index (CPI) data, due later today. Inflation is expected to stay sticky. A weaker dollar ahead of the data release has already helped lift gold. Aksha Kamboj, Vice President of India Bullion and Jewellers Association, said, 'Market participants are closely monitoring the ongoing US-China trade negotiations taking place in London, alongside key inflation data set to be released this week in both India and the US.' She added, 'Attention is also on the upcoming long-term bond auction in the US on Thursday; a weak response could spark renewed interest in gold at lower price levels.' Can gold really hit $3,400? Gold futures rose to $3,350.10 per ounce on Wednesday, while spot gold reached $3,329.70. Analysts see potential for further gains if inflation continues and trade talks stall. 'If it does not [fall], then a run toward the $3,400/oz level and beyond starts to look like a real possibility,' said Vawda. Meanwhile, a US court ruling has kept Trump-era tariffs in place. These "liberation day" tariffs, set to kick in by early July, could add to inflation pressures and drive further interest in gold. China keeps buying gold In May, the People's Bank of China added 60,000 troy ounces of gold to its reserves. This marks the seventh straight month of additions, pushing total holdings to 73.83 million troy ounces. This steady accumulation is a key reason why global gold prices may remain elevated in 2025. Other metals feel the heat While gold gained, silver futures fell 0.9% to $36.328 per ounce. Platinum surged 3.6% to $1,255.65, and copper dropped 1.4% on the London Metal Exchange. In the US, copper futures also declined 2.3% amid concerns over high tariffs and slowing global demand. Gold is back in the spotlight. China is betting big, not just on cultural affinity but on financial strategy. Trade talks, tariffs, and inflation data will shape the path ahead, but one thing is clear: gold is more than tradition now. It's a play on the future. As Jain put it, "They know gold has a future."
India.com
6 hours ago
- India.com
One move by China and US will come on its knees..., gold price will jump to as high as..., know what is Beijing's plan?
(File) China Gold Reserves: China, the world's largest producer of gold, is rapidly procuring enormous quantities of the precious yellow metal to counter the threat posed by the import tariffs imposed by US President Donald Trump which sparked a trade war between two countries. The China-US trade war has had an alarming impact on gold and silver prices that reached record levels, amid rising geo-political tensions and market uncertainties. While the prices of gold are silver are increasing at a steady pace, some experts have claims that these may tumble by 10-15% in the next few months, which could bring gold prices down to Rs 85,000 per 10 grams. China aims to increase gold demand However, Alok Jain, the founder of WeekendInvesting believes a seismic shift is coming in the global monetary system, in which gold will become the most sought after economic asset by countries and individuals. Taking to X, Jain said that China has realized this, and is encouraging its citizens to hoard as much gold as they can. According to Jain, China is planning to increase the demand for gold, expand the gold trade, and establish gold standard as the dominant currency in global trade by starting the Shanghai Gold Exchange in China and Middle East. 'They (Chinese) have realised that the coming era belongs to gold,' Jain wrote. Beijing's plan to dethrone US dollar As per experts, China has employed a long-term strategy to reduce its dependence on the US dollar in global trade by replacing it with the Chinese RMB (Yuan) and gold in bilateral transactions. Earlier, in March 2025, China Banking and Insurance Regulatory Commission (CBIRC), introduced a new rule that mandates insurance firms to invest at least 1% of their assets of 32 trillion Yuan (more than $4.5 trillion) in gold. This move is expected to infuse billions of dollars in China's gold market. Additionally, Beijing has established the Shanghai Futures Exchange (SHFE) where insurance companies can buy gold directly. This is the first time when the SHFE is offering to sell the gold directly to insurance firms. Notably, since the beginning of 2024, the Central Bank of China has been encouraging Chinese citizens to buy more gold, due to which gold consumption in China surged by almost 34% in a single year. China gold reserves While China is the world's largest producer of gold, it lags behind several nations in gold reserves, a list which is headed by the US, with 8,133.46 tonnes in reserves in 2024. Germany has second largest gold reserves at 3,351.53 tonnes, followed by Italy (2451.84 tonnes), France (2436.97 tonnes), Russia (2335.85 tonnes). China ranks sixth on the list of countries with the largest gold reserves, with 2264.32 tonnes of gold lying in reserve. Experts believe China aims to increase its gold reserves to 5,000 tonnes in the near future.
