We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
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CBI Files 3 New Cases against Mehul Choksi
Mumbai: India’s Central Bureau of Investigation (CBI) filed three FIRs on Friday against fugitive Mehul Choksi for cheating and causing a loss of ₹6,800 crore to a consortium of banks. All the FIRs are filed by Mr. Vijay Wadhwa, Deputy General Manager of Punjab National Bank (PNB) on March 21, 2022. The first one states that Mehul Choksi, director of
Stage Set for Nirav Modi's Extradition to India
London: In his appeal, Nirav Modi argued that there was a high risk of suicide if he was extradited to India to face trial in the multi-crore PNB scam case. Diamond merchant Nirav Modi, accused in the Punjab National Bank (PNB) fraud and money laundering case, suffered another setback in his legal battle against his extradition to India. The High
India Simplifies Jewellery E-Commerce By Post
Mumbai: India’s Ministry of Finance through ‘Central Board Of Indirect Taxes And Customs’ Notification CBIC No. 104/2022- Customs (N.T.) and No. 103/2022-Customs (N.T.) dated 9th December 2022 has notified the Postal Export (Electronic Declaration and Processing) Regulations, 2022 and has amended the ‘Exports by Post’ Regulations 2018 respectively for allowing postal authorities to set up, operate and maintain the PBE (Postal
India's G&J Exports Grow 11.83% in November
Mumbai: The rise in gem & jewellery (G&J) exports in November after a steep fall in October 2022, indicates the predicted resumption in manufacturing activity post the Diwali break. In November 2022, the G&J exports grew 11.83% to ₹19855.17 crores (2.05% in dollar terms to $ 2429.86 million) as compared to ₹17755.28 crores (US$ 2380.97 million) for the same period
GJEPC Headed G&J Sector During President’s Botswana Visit
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) headed the gem and jewellery (G&J) sector’s presence during President Smt. Droupadi Murmu’s state visit to Botswana from 11 to 14 November. As part of Indian delegation, led by South Gujarat Chamber of Commerce & Industry (SGCCI), Mr. Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, was heading a team representing the
Sky Gold Registers Growth Oriented Q2 Results
Mumbai: Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), listed B2B Gold Jewellery manufacturer recently announced its Q2FY26 results for the quarter ended September 30, 2025. With a solid Q1FY25, the company has continued Q2FY26 with a strong growth momentum, backed by rising exports, capacity enhancement plans, and deeper retail partnerships across India, the Middle East and Southeast Asia. (All figures in ₹ crore unless otherwise stated) Particulars(₹ Crores) Q2’FY26 Q2’FY25 Y-o-Y Q1 FY26 Q-o-Q Revenue 1484.5 768.8 93.1% 1131 31.2% EBITDA 99.9 38.8 157.5% 71.4 39.9% EBITDA Margin (%) 6.73% 5.1% 163bps 6.3% 43bps PAT
Enduring Q2 Performance by Senco Gold
Kolkata: Senco Gold Limited has announced its consolidated results for the quarter and half-year ended 30th September 2025. The company has a robust network of over 192 showrooms across 17 states and UTs. (Rs in Cr) Speaking of the performance, Mr. Suvankar Sen, Managing Director & CEO, Senco Gold Ltd, said, “We are pleased to report that we have delivered an enduring performance in Q2, despite the highest-ever gold prices reaching to Rs. 11650/gm
India Govt. Approves Export Promotion Mission
New Delhi: The Union Cabinet chaired by the Prime Minister Mr. Narendra Modi has approved the Export Promotion Mission (EPM), a flagship initiative announced in the Union Budget 2025–26 to strengthen India’s export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors. The Mission will provide a comprehensive, flexible, and digitally driven framework for export promotion, with a total outlay
