Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

19 Sep 2013 / 0 Comments

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the

Read More...

Political News
Business

Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate ...

Kapil Sibal’s wife threw him out of house over rising onion prices

According to sources, Telecom Minister Kapil Sibal's wife threw him out of his house for entire night yeste...

Economy

Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate ...

Kapil Sibal’s wife threw him out of house over rising onion prices

According to sources, Telecom Minister Kapil Sibal's wife threw him out of his house for entire night yeste...

Entertainment
Society

Matrimonial sites to offer health insurance

Indian matrimonial sites such as shaadi.com, bharatmatrimony.com and jeevansaathi.com are planning to offer ...

Sports News

Hansie Cronje plans to return to earth as match fixing rates sky rocketed

Former South Africa Cricket Captain and banned cricketer in match fixing saga in early 2000s, Hansie Cronje ...

Analysis: Why BCCI ideally needs to be involved in match-fixing?

Analysis of the India Satire Research Bureau suggests that there is every reason for BCCI to benefit from I...

BCCI’s new plan to clean up IPL will take care of players not getting caught in spot fixing again

BCCI's new 12-point IPL cleanup plan considers all steps to guard cricketers from getting caught in match ...

World News

China’s encroachment comes under Free Land Intrusion Scheme; it can also take benefits of new Land Acquisition Bill – AK Antony

India's Defence Minister AK Antony confirmed that China's encroachment in the Indian border of 640 sq km are...

Courageous Rahul Gandhi plans his next holiday weekend in Syria

Rahul Gandhi to take a look at Syrian conditionsCongress Vice President Rahul Gandhi has decided to spend his...

US chemical weapons ready to strike Syria

US said it is ready to strike all its new range of chemical weapons on Syria. The country released its offic...

Opinion

Mahatma Gandhi deeply concerns over current fall in the rupee

Father of the nation, Mahatma Gandhi saddened after reading the current fall in the rupee in 'Earth Weekly'....

Interview
Media
Columns
Business
Published On:Monday, 15 April 2013
Posted by Diggy Chacha

As gold prices crashed, Makrand Deshpande's Sona Spa saw huge turnout

Makrand Deshpande's Sona Spa is in huge demand after gold prices in India and globe crashed sharply today. According to experts, people who lost their money in gold visited Sona Spa for relaxation. Sources close to Makrand Deshpande said that Deshpande even had to face outrage of many customers on limited availability of seats.

"Yes that's true. As I was unable to attend every customer, they are coming on appointment only," said Makrand Deshpande, who recently launched Sona Spa along in a partnership with Naseeruddin Shah.

Gold prices crashed today on account of weakening global growth, particularly China's GDP growth tumbled today. Currently, prices are trading at Rs26000 levels down from the highs of Rs32000 levels. Therefore, crash in the gold prices resulted in heavy demand for Sona Spa.

"At one point of time, there was a queue of at least 1000 people," said an eye witness who saw the madness of people for booking an appointment with Sona Spa.

Makrand Deshpande launched Sona Spa on March 22 with an idea to help people using revitalization techniques. He appointed many beautiful girls. However, after initial poor response Makrand Deshpande sacked all the girls and he himself started massaging people. Naseeruddin Shah works for part-time.

The eye witness said "People realised that only Sona Spa can reduce their depression from losing money in bullion market and will allow them to sleep nicely."

The eye witness also saw equity market expert SP Tulsian at the venue discovering the possibility of getting an early entry.

"He was asking Deshpande for early entry to get some relaxation after losing huge money in the gold market. He put a plan of exchanging his stock tips at free of cost for entry in Sona Spa," said the eye witness.

SP Tulsian confirmed the news.

"Sona Spa is best place where people can remove their aggravation and revitalize themselves. Even I had been there and made myself comfortable. I trust in fundamental value of the Spa and I think it has bright prospects," said market analyst SP Tulsian.

Tulsian said that he bought 100kg gold at Rs 32000 levels after he received SMS from commodity tipper saying that gold would touch 50000 rupees in 2 months.

"Yea that was the wrong call. It was first time that I had not trusted on my own fundamental idea. I was feeling that gold could have touched Rs 10000 levels but still I believed on tip. Now I can't even average it out," said Tulsian.

However, he thanked Sona Spa for helping him getting rid of his frustration.

Skinny actor Deshpande said "My idea behind launching Sona Spa was only public welfare. Sona hai toh sona hai. Tagline of my Sona Spa is 'You can buy your sleep here'."

He said "It was difficult to manage depression from losing 10-20% value in gold. Sona Spa takes care of your frustration and helps you out to become comfortable. I myself give you good massage and relaxation treatment as all lady attendant left the Spa for non-payment of salary."

04:55. Filed under , , .

0 comments for "As gold prices crashed, Makrand Deshpande's Sona Spa saw huge turnout"

Leave a reply