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Delhi Police bust iPhone snatching ring targeting Apple users recover 66 stolen phones including 50 iPhones

Delhi Police bust iPhone snatching ring targeting Apple users recover 66 stolen phones including 50 iPhones

Delhi Police have arrested three men in a mobile phone snatching and disposal racket that allegedly targeted iPhone users. Following a robbery near IP Park on April 18, investigators reviewed CCTV, gathered intelligence and used technical surveillance to nab Sameer and Suhail. Police later arrested Zahir alias Salman in Old Delhi and raided his home, recovering 64 devices including 50 iPhones, plus two more recovered earlier—66 stolen phones in all. Authorities are tracing buyers and verifying links to other cases.

Summarised by Beize from a story on The Economic Times on 15 May 2026
SBI warns of higher gold prices and more grey market supply after 15% duty hike

SBI warns of higher gold prices and more grey market supply after 15% duty hike

SBI Research says a 15% customs duty hike on gold imports is likely to lift domestic prices and reduce legal import volumes. The report also flags a risk of supply diversion into grey markets, potentially reshaping the flow of gold into India. While the effect on the current account deficit is uncertain, the direction for pricing and imports appears clear.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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India hikes gold duties to 15 percent but can it stop grey market demand this time

India hikes gold duties to 15 percent but can it stop grey market demand this time

India has raised gold and silver import duties to 15%, reviving memories of the 2013 crisis. The government says the move should curb dollar outflows and support the rupee, but experts caution it may not reduce gold demand—only shift it toward the grey market. With India’s underlying appetite for gold still strong, the impact could be limited.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold import duty jumps to 15 percent sparking fears of grey market and jewellery price shock

Gold import duty jumps to 15 percent sparking fears of grey market and jewellery price shock

India’s gems and jewellery industry is bracing for strain after the gold import duty was raised to 15 percent. Industry leaders say higher costs could drive demand toward the grey market and even smuggling, while consumers may shift to lighter gold jewellery to manage rising prices. Leaders are meeting to assess impacts and potential responses.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Amba Auto IPO set for debut today as grey market signals hint at flat listing

Amba Auto IPO set for debut today as grey market signals hint at flat listing

Amba Auto Sales and Services is set to list today after a Rs 65.1 crore IPO priced at Rs 135. Grey market signals point to a flat debut, even as subscriptions came in mixed, with institutional investors showing greater interest than retail. The company, an authorised dealer for Bajaj Auto and LG, plans to use proceeds for working capital and expansion.

Summarised by Beize from a story on The Economic Times on 5 May 2026
IPO week stays quiet as only one new listing opens and three await debut

IPO week stays quiet as only one new listing opens and three await debut

The primary market is bracing for a muted week, with just one IPO, Leapfrog Engineering Services, opening for subscription. Meanwhile, three firms—Mehul Telecom, Citius Transnet InvIT, and Property Share Investment Trust—are slated to list after earlier rounds. Investor caution shows up in zero grey market premiums, pointing to expectations of flat debuts.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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