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 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
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WFDB Presidents to Work Closely With DPA
Mumbai: World Federation of Diamond Bourses (WFDB) President Mr. Ernie Blom said media representatives on Wednesday that the organisation would work in close cooperation with the Diamond Producers Association (DPA) in order to help boost its generic diamond marketing efforts. Mentioning reports that the DPA was looking to boost its annual budget from the current $6 million, he said the
TBZ Reports 89% Increase in PAT
Mumbai: Tribhovandas Bhimji Zaveri (TBZ) yesterday reported a 89% surge in profit after tax (PAT) at Rs. 6.14 crore in the third quarter ended December 31 as compared to the same period of last year. The jewellery retailer’s PAT stood at Rs. 3.25 crore in the corresponding quarter of previous year. The total income from operations during Q3 of FY17
RBI Maintains the Lending Rates
Mumbai: For the second time in a row, the Reserve bank of India (RBI) yesterday opted for a status quo in its key rates but shifted the stance of the monetary policy from ‘accommodative’ to ‘neutral’. “The decision of the Monetary Policy Committee (MPC) is consistent with a neutral stance of monetary policy in consonance with the objective of achieving
GJSCI Implements RPL Program in SEEPZ
Mumbai: Under the Pradhan Mantri Kaushal Vikas Yojna (PMKVY- 2), GJSCI commenced another ambitious project called Recognition of Prior Learning (RPL) Program in Seepz. The aim behind this initiative is to uplift the karigars of gems & jewellery industry in India. The event was inaugurated by Shri N.P.S. Monga I.T.S Development Commissioner, SEEPZ-SEZ (Maharashtra, Goa, Daman & Diu), in the
WFDB Presidents to Work Closely With DPA
Mumbai: World Federation of Diamond Bourses (WFDB) President Mr. Ernie Blom said media representatives on Wednesday that the organisation would work in close cooperation with the Diamond Producers Association (DPA) in order to help boost its generic diamond marketing efforts. Mentioning reports that the DPA was looking to boost its annual budget from the current $6 million, he said the
TBZ Reports 89% Increase in PAT
Mumbai: Tribhovandas Bhimji Zaveri (TBZ) yesterday reported a 89% surge in profit after tax (PAT) at Rs. 6.14 crore in the third quarter ended December 31 as compared to the same period of last year. The jewellery retailer’s PAT stood at Rs. 3.25 crore in the corresponding quarter of previous year. The total income from operations during Q3 of FY17
RBI Maintains the Lending Rates
Mumbai: For the second time in a row, the Reserve bank of India (RBI) yesterday opted for a status quo in its key rates but shifted the stance of the monetary policy from ‘accommodative’ to ‘neutral’. “The decision of the Monetary Policy Committee (MPC) is consistent with a neutral stance of monetary policy in consonance with the objective of achieving
GJSCI Implements RPL Program in SEEPZ
Mumbai: Under the Pradhan Mantri Kaushal Vikas Yojna (PMKVY- 2), GJSCI commenced another ambitious project called Recognition of Prior Learning (RPL) Program in Seepz. The aim behind this initiative is to uplift the karigars of gems & jewellery industry in India. The event was inaugurated by Shri N.P.S. Monga I.T.S Development Commissioner, SEEPZ-SEZ (Maharashtra, Goa, Daman & Diu), in the
