Latest news with #BIS
The Hindu
12 hours ago
- Business
- The Hindu
BIS raids Flipkart, E-Kart, Meesho, Amazon warehouses
Officials of the Bureau of Indian Standards (BIS), Vijayawada, conducted raids on e-commerce warehouses of Flipkart, Meesho and E-Kart at Mustabad in Krishna district and Amazon at Kandrika, and seized many non-certified products violating the provisions of Quality Control Orders (QOC). The enforcement drive was part of the ongoing nationwide initiate to curb the sale and distribution of non-certified and unsafe products. BIS teams seized about 25 categories of consumer products, including LED bulbs, toys, electronic material and table fans, which lack mandatory BIS certification or the Compulsory Registration Scheme (CRS) mark, thereby violating Section 17 of the BIS Act, 2016, said BIS Vijayawada director and head Prem Sajani Patnala, on Tuesday. 'Based on specific intelligence and digital surveillance, it has been found that several e-commerce platforms are facilitating the sale and distribution of uncertified and potentially hazardous products. The seized products are being sold in contravention of mandatory QCOs,' Ms. Prem Sajani said. BIS Vijayawada deputy director V.V. Reddy said that there are over 800 products under BIS mandatory certification. All the products must possess ISI, CRS or Hallmark. 'Any manufacture, storage or sale of goods without BIS approval is punishable under law. Use of BIS Care App, available on Google Play Store and Apple Store. Public are requested to report misuse of BIS marks on the App,' the Director said. 'BIS will continue the enforcement and consumer outreach efforts to ensure only safe and certified goods reach the market,' Mr. V.V. Reddy said.
Time of India
16 hours ago
- Business
- Time of India
Buyers keep hands off gold
Gold sales in June dropped 60% from a year earlier to 35 tonnes, the steepest post-Covid fall in volume, as high and volatile prices kept buyers away, the India Bullion & Jewellers Association (IBJA) said. In July too, gold price is showing volatility and there has been no drop in prices till date. On Monday, the price went up by ₹600 per 10 gm to cross the ₹98,000 mark. At the retail level, consumers will have to shell out ₹1,00,997 per 10 gm, including GST of 3%. 'We do not see any immediate recovery in demand with many gold jewellery manufacturing units across the country cutting down their production of gold jewellery by almost half,' IBJA national secretary Surendra Mehta told ET. 'Small players are affected. It is a tough time for the gold trade. Despite offering freebies and discounts, volume demand is not going up.' Gold trade analysts said internationally gold prices continued their upward trend, approaching $3,400 per ounce following renewed trade tensions sparked by US President Donald Trump's threat of additional tariffs on the European Union and Mexico. While Trump has allowed room for negotiations until August 1, the potential for a rapid escalation has kept risk assets under pressure, prompting investors to seek safety in haven assets like gold. Jewellers are actively pushing 14-karat gold jewellery to keep their business growing in the midst of the price surge. Because of the lower price points compared with 22-karat gold traditionally used for making jewellery, 14 karat is becoming a more practical option for jewellery buyers. 'Fourteen-karat gold is gaining traction in India, particularly among the younger demographic, due to its durability and affordability,' said Rajesh Rokde, chairman of the All India Gem & Jewellery Domestic Council. 'I believe this trend will continue to grow, driven by the increasing demand for lightweight jewellery pieces that offer elegance without breaking the bank.' IBJA's Mehta said the association had held several rounds of talks with the Bureau of Indian Standards (BIS) to allow a hallmarking facility for 9-karat gold. 'We have been informed by the BIS that they have worked out the hallmarking model for 9-karat jewellery. We are expecting clearance from the Ministry of Consumer Affairs, Food and Public Distribution shortly for hallmarking.' Currently, hallmarking is available on 24-, 22-, 18- and 14-karat gold jewellery.
Economic Times
17 hours ago
- Business
- Economic Times
Buyers keep hands off gold, as sales plunge 60% in June, steepest drop since Covid
Kolkata: Gold sales in June dropped 60% from a year earlier to 35 tonnes, the steepest post-Covid fall in volume, as high and volatile prices kept buyers away, the India Bullion & Jewellers Association (IBJA) said. In July too, gold price is showing volatility and there has been no drop in prices till date. On Monday, the price went up by ₹600 per 10 gm to cross the ₹98,000 mark. At the retail level, consumers will have to shell out ₹1,00,997 per 10 gm, including GST of 3%. "We do not see any immediate recovery in demand with many gold jewellery manufacturing units across the country cutting down their production of gold jewellery by almost half," IBJA national secretary Surendra Mehta told ET. "Small players are affected. It is a tough time for the gold trade. Despite offering freebies and discounts, volume demand is not going up." Gold trade analysts said internationally gold prices continued their upward trend, approaching $3,400 per ounce following renewed trade tensions sparked by US President Donald Trump's threat of additional tariffs on the European Union and Mexico. While Trump has allowed room for negotiations until August 1, the potential for a rapid escalation has kept risk assets under pressure, prompting investors to seek safety in haven assets like gold. Jewellers are actively pushing 14-karat gold jewellery to keep their business growing in the midst of the price surge. Because of the lower price points compared with 22-karat gold traditionally used for making jewellery, 14 karat is becoming a more practical option for jewellery buyers. "Fourteen-karat gold is gaining traction in India, particularly among the younger demographic, due to its durability and affordability," said Rajesh Rokde, chairman of the All India Gem & Jewellery Domestic Council. "I believe this trend will continue to grow, driven by the increasing demand for lightweight jewellery pieces that offer elegance without breaking the bank."IBJA's Mehta said the association had held several rounds of talks with the Bureau of Indian Standards (BIS) to allow a hallmarking facility for 9-karat gold. "We have been informed by the BIS that they have worked out the hallmarking model for 9-karat jewellery. We are expecting clearance from the Ministry of Consumer Affairs, Food and Public Distribution shortly for hallmarking."Currently, hallmarking is available on 24-, 22-, 18- and 14-karat gold jewellery.
Time of India
a day ago
- Business
- Time of India
Buyers keep hands off gold, as sales plunge 60% in June, steepest drop since Covid
Kolkata: Gold sales in June dropped 60% from a year earlier to 35 tonnes, the steepest post-Covid fall in volume, as high and volatile prices kept buyers away, the India Bullion & Jewellers Association (IBJA) said. In July too, gold price is showing volatility and there has been no drop in prices till date. On Monday, the price went up by ₹600 per 10 gm to cross the ₹98,000 mark. At the retail level, consumers will have to shell out ₹1,00,997 per 10 gm, including GST of 3%. "We do not see any immediate recovery in demand with many gold jewellery manufacturing units across the country cutting down their production of gold jewellery by almost half," IBJA national secretary Surendra Mehta told ET. "Small players are affected. It is a tough time for the gold trade. Despite offering freebies and discounts, volume demand is not going up." Gold trade analysts said internationally gold prices continued their upward trend, approaching $3,400 per ounce following renewed trade tensions sparked by US President Donald Trump 's threat of additional tariffs on the European Union and Mexico. While Trump has allowed room for negotiations until August 1, the potential for a rapid escalation has kept risk assets under pressure, prompting investors to seek safety in haven assets like gold. Jewellers are actively pushing 14-karat gold jewellery to keep their business growing in the midst of the price surge. Because of the lower price points compared with 22-karat gold traditionally used for making jewellery, 14 karat is becoming a more practical option for jewellery buyers. "Fourteen-karat gold is gaining traction in India, particularly among the younger demographic, due to its durability and affordability," said Rajesh Rokde, chairman of the All India Gem & Jewellery Domestic Council. "I believe this trend will continue to grow, driven by the increasing demand for lightweight jewellery pieces that offer elegance without breaking the bank." IBJA's Mehta said the association had held several rounds of talks with the Bureau of Indian Standards (BIS) to allow a hallmarking facility for 9-karat gold. "We have been informed by the BIS that they have worked out the hallmarking model for 9-karat jewellery. We are expecting clearance from the Ministry of Consumer Affairs, Food and Public Distribution shortly for hallmarking." Currently, hallmarking is available on 24-, 22-, 18- and 14-karat gold jewellery.
Business Wire
2 days ago
- Business
- Business Wire
Owl Labs Launches in India with Award-Winning 360° Video Conferencing Technology
BANGALORE, India--(BUSINESS WIRE)--Owl Labs, a global leader in 360-degree video conferencing solutions and hybrid collaboration technology, has officially launched operations in India with the introduction of its award-winning Meeting Owl 3. Now BIS certified, the Meeting Owl 3 is designed to transform hybrid meetings with its intelligent 360° camera, microphone, and speaker system—creating a more inclusive and immersive experience for all participants, whether remote or in-room. Priced at $1,237.82 (inclusive of VAT), the Meeting Owl 3 is available through RAH Infotech, Owl Labs' official distribution partner in India. Customers can also purchase through their preferred technology reseller or connect directly with the Owl Labs sales team at to be matched with the right partner. 'Hybrid work is here to stay, and teams across India and around the world need technology that supports it,' said Frank Weishaupt, CEO of Owl Labs. 'We designed the Meeting Owl to ensure every participant is seen, heard, and included—no matter where they are located. As workspaces evolve, flexible hybrid technology is essential to keeping teams connected and productive.' Used by over 225,000 companies globally and with a presence in over 40 countries, Owl Labs is eager to bring its cutting-edge hybrid technology to one of the world's fastest-growing markets for digital collaboration. About Owl Labs: Owl Labs is the first company to build AI-powered, 360-degree video conferencing solutions for hybrid organizations. Its connected device system and Owl Intelligence System™ software make meetings more inclusive and collaborative by leveling the playing field between remote and in-room participants. The Meeting Owl ® product line is the first AI-powered, WiFi-enabled, 360-degree camera, microphone and speaker that automatically zooms in on whoever's speaking. Owl Labs has raised $47 million in funding and is based in Boston, with remote and hybrid employees all over the world. To learn more, visit
