National News
Divine Solitaires Celebrated Father’s Day in Pune with a Heartfelt Tribute
This Father’s Day, Divine Solitaires brought families together in a touching celebration of love, gratitude, and unbreakable ties. Held from June 7th to 15th across Ranka Jewelers stores in Pune, the special initiative invited customers to pause and honor the often-unspoken strength and presence of their fathers.
Visitors to the stores were encouraged to write heartfelt messages for their dads and capture the emotion at a specially curated selfie booth. These beautiful memories were then shared on Instagram, where the digital campaign sparked a wave of love and nostalgia — reminding everyone of the quiet, steady role fathers play in our lives.
The response from customers was truly heartwarming, with families taking the time to express affection in meaningful, memorable ways — from handwritten notes to cheerful photos filled with laughter and warmth.
Reflecting on the initiative, Jignesh Mehta, Founder & Managing Director, Divine Solitaires, shared, “Fatherhood often reveals itself in the background — in actions rather than words. With this campaign, we wanted to create a space where those emotions could be voiced and cherished. Diamonds catch the light—but it’s love that holds it. Hearing our customers’ stories reminded us of that.”
To make the celebration even more special, a few lucky winners were surprised with thoughtful gifts from Divine Solitaires, adding a moment of joy to their already memorable day.
With heartfelt participation and genuine expressions of love, Divine Solitaires’ Father’s Day initiative turned everyday store visits into powerful moments of connection — celebrating the love that doesn’t need words—the kind only a father knows.
National News
GJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters
Webinar Outlined How The Updated Regulatory Framework Enhances Operational Ease While Adjusting Key Trade Timelines.
GJEPC in association with IndusInd Bank, held a joint online webinar aimed at explaining the revised Foreign Exchange Management Act (FEMA) guidelines and their direct operational impact on the gem and jewellery trade.
The interactive session featured key industry figures and financial experts, including Prakash Kumar Rath (Head – Gems, Jewellery and Diamond Division, IndusInd Bank), Mital Doshi (Convenor – Banking, Insurance and Taxation Sub-committee, GJEPC), and Sumit Dolwani (Manager – Trade Policy, GJEPC). Together, they outlined how the updated regulatory framework enhances operational ease while adjusting key trade timelines.
Shorter Export Realisation Periods: Timelines for foreign currency invoices have been adjusted from 12 months down to 9 months, while Rupee invoices have been revised from 15 months down to 12 months.
Greater Flexibility for Extensions: Authorised Dealer (AD) banks can now grant time extensions based on individual transaction circumstances, significantly reducing the requirement for routine Reserve Bank of India (RBI) referrals.
Revised Import Payment Timelines: Import payments will now be governed primarily by commercial contracts, replacing the former rigid six-month and 360-day restrictions.
Greater Discretion on Advance Payments: Banks have been given enhanced flexibility in framing internal policies for advance remittances instead of strictly adhering to fixed monetary thresholds.
Flexibility in Third-Party Payments: Third-party payments are now permitted subject to prescribed regulatory conditions and the satisfaction of the AD bank.
Simplified Handling of Pending Cases: AD banks can directly resolve outstanding EDPMS and IDPMS cases without needing to refer every individual matter to the RBI.
Speakers emphasized that exporters must maintain precise records and complete supporting documentation for all transactions, including those monitored through EDPMS and IDPMS.
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GJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters
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International News7 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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