Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
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Nadja Swarovski Steps Down from the Company
London: Nadja Swarovski, a member of the Swarovski executive board and chair of the Swarovski foundation, has stepped down from the company, effective from the end of December. Having joined the family business in 1995, Nadja Swarovski became the group’s first female member of the executive board and built partnerships with more than 200 leading designers in the fields of fashion, jewellery,
India’s CPD Exports Continue to Grow
Mumbai: The overall gem and jewellery exports for November 2021 witnessed a decline of 7.65% to US$ 2384.95 million (declined 3.72 % in rupee terms to Rs. 17784.92 Crore) as compared to US$ 2582.39 million (Rs. 18471.31 Crore) in November 2019. The decline was expected due to break in manufacturing activity during Diwali. However, for the period of April to November 2021,
Banks Recover ₹ 13,100 Crore from Wilful Defaulters
New Delhi: Finance Minister Nirmala Sitharaman yesterday said that banks have recovered ₹ 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha amid uproar by the Opposition over various issues. The Supplementary
Piyush Goyal Lays Foundation of Mega CFC at Seepz
Mumbai: Honourable Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles Mr. Piyush Goyal laid foundation stone for Mega Common Facility Centre (CFC) at Santacruz Electronic Export Processing Zone Special Economic Zone on Saturday in the presence of Mr. Colin Shah, Chairman GJEPC and Mr. Shyam Jagannathan, The Zonal Development Commissioner SEEPZ, SEZ along with
Nadja Swarovski Steps Down from the Company
London: Nadja Swarovski, a member of the Swarovski executive board and chair of the Swarovski foundation, has stepped down from the company, effective from the end of December. Having joined the family business in 1995, Nadja Swarovski became the group’s first female member of the executive board and built partnerships with more than 200 leading designers in the fields of fashion, jewellery,
India’s CPD Exports Continue to Grow
Mumbai: The overall gem and jewellery exports for November 2021 witnessed a decline of 7.65% to US$ 2384.95 million (declined 3.72 % in rupee terms to Rs. 17784.92 Crore) as compared to US$ 2582.39 million (Rs. 18471.31 Crore) in November 2019. The decline was expected due to break in manufacturing activity during Diwali. However, for the period of April to November 2021,
Banks Recover ₹ 13,100 Crore from Wilful Defaulters
New Delhi: Finance Minister Nirmala Sitharaman yesterday said that banks have recovered ₹ 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha amid uproar by the Opposition over various issues. The Supplementary
Piyush Goyal Lays Foundation of Mega CFC at Seepz
Mumbai: Honourable Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles Mr. Piyush Goyal laid foundation stone for Mega Common Facility Centre (CFC) at Santacruz Electronic Export Processing Zone Special Economic Zone on Saturday in the presence of Mr. Colin Shah, Chairman GJEPC and Mr. Shyam Jagannathan, The Zonal Development Commissioner SEEPZ, SEZ along with
