&w=3840&q=100)
GJC calls on gem traders to stop business with Turkiye, Azerbaijan
After Turkiye and Azerbaijan extended diplomatic support to Pakistan during Operation Sindoor, the All India Gem and Jewellery Domestic Council (GJC) on Friday urged the industry to terminate all business transactions with both nations.
"The Indian gem and jewellery sector stands united in support of the nation. It is imperative that our industry sets a strong example by prioritising the country over commerce. We call upon every jeweller, manufacturer, trader, and wholesaler to stop all transactions with Turkiye and Azerbaijan," GJC chairman Rajesh Rokde said.
"By halting trade, we send a clear message of unity and resolve, reinforcing our industry's role as a pillar of national pride. Let us unite as an industry to uphold these values, showcasing our resilience and loyalty to India's honour and security," he added.
The jewellery body's move comes after a few other sectors, too, have voiced their opposition to doing business with Türkiye and Azerbaijan.
Boycott calls by other industries
Earlier this week, the All Indian Cine Workers Association (AICWA) demanded an immediate visa ban for the artists from these two countries and has urged the Indian film industry to follow the boycott as well. It also called for a boycott of Türkiye as a shooting location. Earlier in the day, the Federation of Western India Cine Workers had also called for a ban on shooting films in that country as well as on other cultural collaborations. Notably, Turkish shows on OTT platforms are quite popular in India.
Tourism
Several Indians planning their holiday trips to Turkey and Azerbaijan have decided to cancel their plans amid the current geopolitical situation. 'Indian travellers have expressed strong sentiments over the past one week, with bookings for Azerbaijan and Turkey decreasing by 60%, while cancellations have surged by 250% during the same period,' a spokesperson for MakeMyTrip said earlier this week.
The platform added that it had pulled down all offers and promotions for both countries. 'In solidarity with our nation and out of deep respect for our armed forces, we strongly support this sentiment and advise against all non-essential travel to Azerbaijan and Turkey,' the firm said.
According to data shared by EaseMyTrip, 287,000 Indians visited Turkey last year, while 243,000 travelled to Azerbaijan.
Tourism is an important industry for both the nations.
- Turkey: 12% of GDP, 10% of employment
- Azerbaijan: 7.6% of GDP, 10% of employment
Apple
There have been several reports that Pune traders have called for a boycott of imports of Turkish apples and dry fruits. According to a Hindustan Times report, traders in Pune import apples, litchis, plums, cherries, and dry fruits from Turkiye. The import of apples alone is worth around ₹1,200 crore, the report added. Aviation The Bureau of Civil Aviation Security (BCAS) revoked the security clearance of the Istanbul-headquartered firm Çelebi Hava Servis citing concerns over national security. The firm provides ground handling services acorss several major airports across India. However, after BCAS revoked its security clearance, the firm's agreements and licences with Indian entities got terminated. Notably, according to Reuters, the Turkish firm has filed a plea in the Delhi HC against the BCAS order.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
Philippines now visa-free for Indian tourists
Philippines now visa-free for Indian tourists NEW DELHI: Philippines has joined the increasing ranks of countries that have become visa-free for Indian tourists from Sunday. Post-Covid, several places have gone either visa-free or visa-on-arrival to attract the high-spending desi tourists. These include Thailand, Malaysia, Maldives, Nepal, Sri Lanka (free electronic visa), Seychelles, Maldives, Philippines, Indonesia (visa on arrival) and Hong Kong (online pre-clearance required), according to Travel Agents Federation of India VP Anil Kalsi. 'Indian nationals may enter the Philippines without a visa for a non-extendible and non-convertible period of 14 days for tourism purposes, upon presenting a passport valid for at least six months beyond the contemplated stay, confirmed hotel accommodation/ booking, proof of financial capacity, and return or onward ticket to the next country of destination,' according to the website of the embassy of the Philippines in New Delhi. The reason for this change is also stated clearly: 'enhancing tourism arrivals from India.' 'Indian nationals holding valid and current American, Japanese, Australian, Canadian, Schengen, Singapore or United Kingdom (AJACSSUK) visas or residence permits may enter the Philippines without a visa for a non-extendible period of 30 days for tourism, upon presenting a passport valid for at least six months beyond the contemplated stay, and return or onward ticket to the next country of destination,' it adds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Forget To Block Ads Before Sunday Lifestyle Tech Tips Click Here Undo These updated visa-free privileges for Indian nationals can be availed of at any Philippine port of entry, and are not convertible to a visa-based stay or other admission status categories. Indian nationals must also not have any derogatory record with the Bureau of Immigration (BI) in order to be admitted into the country without a visa. 'Indian nationals transiting in the Philippines or entering the country for long-term visits and non-tourism activities are required to apply for an appropriate Philippine visa at a Philippine Embassy or Consulate in their country or origin, place of legal residence, or any country that requires entry visas for Indian nationals. Indian nationals who are eligible for e-Visas may also apply through the official Philippine e-Visa website . The DFA reminds that e-Visas may not be extended or converted to other visa-based stay or other admission status categories,' the embassy says. India has seen a spurt in outbound travel post-Covid by its nationals, while foreign tourist arrivals (FTAs) to the country are yet to return to 2019 levels. In 2024, India is provisionally estimated to have received about 97 lakh FTAs, about 1.4% more than the previous year. India had crossed the 1-crore FTA mark for the first time in 2017 and had peaked at 1.1 crore in 2019. On the other hand, more Indians are travelling to foreign shores than they did in pre-Covid times. Barring the West, other countries — especially in Southeast Asia — are going all out to woo the high-spending desi globetrotters by majorly simplifying visas to boost their economies. The travel industry in India is requesting Govt to take steps to help boost inbound numbers that will create much-needed jobs and earn forex.
Time of India
an hour ago
- Time of India
ARM Embedded Technologies leases over four lakh sq ft with Bagmane in Bengaluru
ARM Embedded Technologies Pvt Ltd, the India arm of UK-based semiconductor and software design giant ARM Holdings, has leased over 4 lakh sq ft of Grade-A office space in Bagmane Constellation Business Park of the city to expand its operation. The space is in Taurus 4 (North Tower) block of the park, developed by Bagmane Constructions Pvt Ltd, and represents a fresh lease agreement, not a renewal or consolidation, said people aware of the development. According to the registered lease document shared by Propstack, a data analytic firm, the lease term spans 15 years, with a structured 15% rent escalation every three years, indicating ARM's long-term expansion strategy in India. The monthly rental is pegged at Rs102 per sq ft, translating to a monthly rent of approximately Rs 4.17 crore, or Rs 50 crore annually. Over the full 15-year lease term, ARM is expected to commit close to Rs1,000 crore in total rental payments, marking this as one of the most high-value, long-duration commercial leases signed in the country in recent quarters, said Propstack. The lease covers multiple levels within the building, which includes three basement levels, a ground floor, and 11 upper floors, providing ARM with space for current operations and future growth. The security deposit has been recorded at Rs 20.59 crore, reflecting the scale and seriousness of the engagement. Bagmane Constellation Business Park, located in the CBD-adjacent to the KR Puram-Marathahalli stretch, is a premium IT SEZ that has consistently attracted top-tier global tenants including Amazon, Boeing, and PwC. According to real estate experts, the deal underscores the growing institutional commitment to India by global technology firms, particularly in the semiconductor and embedded systems domain. As ARM plays a pivotal role in enabling global AI, IoT, and mobile computing technologies, this expansion points to increasing R&D and engineering activity being channelled through its India operations. 'This deal is significant not only in terms of size but also the tenure and financial commitment involved. A 15-year lease of over Rs 1,000 crore in value reflects clear confidence in India's innovation ecosystem and the long-term stability of Bengaluru 's commercial office market,' said a senior executive in the office leasing space. The lease comes at a time when the Indian commercial office market is witnessing strong absorption trends, especially from global capability centres (GCCs) in tech and life sciences. With new supply in Bengaluru expected to remain tight in the next few quarters, such large pre-commitments signal robust demand for quality real estate, particularly in core locations. With this deal, ARM joins a growing list of global technology firms committing long-term capital to India's innovation corridor, reinforcing the country's position as a critical node in the world's digital and semiconductor economy. It also aligns with India's growing importance in global semiconductor strategy. As nations diversify supply chains and invest in design-led innovation, companies like ARM are looking to deepen their talent presence in engineering hotspots like Bengaluru.
Economic Times
an hour ago
- Economic Times
Who is Vijay Mallya's adopted daughter Laila? Check her education, career
Early Life and Education Career Path: From IPL Assistant to Jewellery Designer Family and Personal Life Vijay Mallya, once a celebrated businessman known for Kingfisher and luxury brands, has kept much of his family life private, especially regarding his adopted daughter, Laila Mallya . Unlike her father, whose life has often been in the public eye due to business controversies, Laila has maintained a relatively low profile, focusing on her education and creative Mallya, originally born as Laila Mahmood, is the daughter of Rekha Mallya from her first marriage to Shahid Mahmood. When Rekha married Vijay Mallya in 1993, he adopted Laila, legally making her part of the Mallya family. This adoption came at a time when both Vijay and Rekha were entering their second marriages. Following the adoption, Laila officially took on the Mallya surname and was raised in the family's high-profile education reflects her international upbringing and interest in business and fashion. She completed her schooling at Mallya Aditi International School in Bengaluru, a reputed institution known for its global curriculum. She then pursued undergraduate studies in International Business at Bentley University, located in Waltham, Massachusetts. Later, Laila refined her creative skills at the Fashion Institute of Technology in New York City, focusing on fashion 2009, Laila worked as an executive assistant to Lalit Modi, the founder and former commissioner of the Indian Premier League (IPL). This role provided her early exposure to sports management and event organization, though she parted ways with this position following the IPL controversies involving away from the world of sports administration, Laila returned to her passion for design and creativity. She worked with the fashion magazine Vogue India, contributing her styling and jewellery designing talents. Building on this experience, she launched her own jewellery label called Social Butterfly. Known for combining traditional Indian aesthetics with modern designs, her jewellery gained recognition in Bengaluru's fashion circles. Her pieces were retailed through Kahawa, a boutique store in Bangalore. Laila also participates in fashion week events, though she prefers to maintain privacy regarding her personal being part of a media-covered family, Laila has always valued privacy. She shares a close bond with her biological brother Kabir Mahmood, and also with her half-siblings from Vijay and Rekha's marriage—Leanna and Tanya Mallya. Additionally, she is step-sister to Sidharth Mallya, Vijay's son from his first marriage to Sameera 2011, Laila married Samar Singh, an investment banker, in a private ceremony in Bali, Indonesia. The wedding was an intimate affair, with only close friends and family in attendance. Samar Singh himself is a low-profile figure but is known to be close to politician Parth Pawar. In 2019, he contributed to Parth's Lok Sabha election campaign, handling parts of the marketing associated with a high-profile family, Laila Mallya has never been involved in any of the controversies surrounding Vijay Mallya.
