National News
Tiffany & Co. Acquires Historic Titanic Pocket Watch for $1.97 Million
Tiffany & Co. has set a new record with the acquisition of a rare 18k gold pocket watch for $1.97 million. The timepiece, once owned by Captain Arthur H. Rostron of the RMS Carpathia, was a gift from three Titanic survivors—Mrs. John B. Thayer, Mrs. John Jacob Astor, and Mrs. George D. Widener—who expressed their gratitude for his heroic efforts in rescuing passengers after the Titanic sank.
The pocket watch, purchased from Henry Aldridge and Son Ltd., is engraved with a heartfelt message from the survivors and features the monogram “AHR” on its caseback. This historic artifact honors Captain Rostron’s courage and pivotal role in saving hundreds of lives. Christopher Young, Vice President of Creative Visual Merchandising at Tiffany & Co., emphasized the significance of the acquisition, stating that it highlights the brand’s long-standing connection to history and its role in the luxury world.
National News
GJEPC, BDB Hold Outreach Session On New Income Tax Regime
New Income-Tax Act, 2025 Introduces A Simpler, More Transparent, Technology-Driven and Taxpayer-Friendly Framework
GJEPC and Bharat Diamond Bourse (BDB) co-organised an outreach programme under the ‘Prarambh 2026’ initiative in Mumbai, on 8 May 2026. The programme focused on the Income-Tax Act, 2025 and Income Tax Rules, 2026, with emphasis on international taxation and transfer pricing.
Nirupama Kotru, IRS, Chief Commissioner of Income Tax (International Taxation & Transfer Pricing), Western Zone, Mumbai, attended as chief guest, while Mohit Jain, IRS, Chief Commissioner of Income Tax, Mumbai, was the guest of honour.
Senior officials from the department included Sanjay Deshmukh, Principal Commissioner of Income Tax (International Taxation); Alok Kumar, Commissioner of Income Tax (Transfer Pricing); Ramapriya Raghavan, Commissioner of Income Tax (Transfer Pricing); Nischay Samaiya, CIT-OSD; and Sanjeet Nair, Additional Commissioner of Income Tax.
The dignitaries were welcomed by Shaunak Parikh, Vice Chairman, GJEPC; Khushboo Ranawat, Western Regional Chairman, GJEPC; Mehul Shah, Vice President, BDB; Mittal Doshi, Convenor – BITC, GJEPC; and Bharat Ghori, Co-Convenor, MSME, GJEPC.
Addressing the gathering, Kotru said the new Income-tax Act, 2025 introduces a simpler, more transparent, technology-driven and taxpayer-friendly framework. She said the department launched outreach initiatives to strengthen engagement with taxpayers, encourage voluntary compliance, and build greater trust between industry and government.
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