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The gold jewellery exporters used 176 tonnes of gold for round-tripping while only 50 tonnes catered to genuine exports in 2018, as per the estimates of precious metals agency GFMS.

G&J exports dip in July

In 2018-19 also gems and jewellery exports had declined 5.32 per cent to $30.96 billion in 2018-19.

10 Aug 2019 1:24 AM IST

EY to investigate Coffee Day incidents

Siddhartha's widow Malavika Hegde has been appointed as an additional member of executive panel.

9 Aug 2019 1:20 AM IST

Future's small stores to turn profitable in a year

The group has also started its trial run of omni-channel operations in its NCR stores.

9 Aug 2019 1:20 AM IST

DGTR said the domestic industry has contended that China is providing countervailable subsidies to the producers and exporters of these tyres. (Representational image)

Low single digit growth seen for tyre firms

Higher spend towards servicing debt-funded capex will squeeze the margins as well.

7 Aug 2019 2:13 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Govt to issue guidelines to protect e-commerce consumers

The ministry has sought suggestions from the stakeholders on the guidelines.

6 Aug 2019 2:37 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Gold crosses Rs 37,000 may go up further

MCX gold rallied to uncharted territory on escalating trade tensions between the United States and China.

6 Aug 2019 1:08 AM IST

Moving a step closer towards setting up a spot gold exchange, a steering committee of industry bodies has defined the structural framework for the exchange.

Industry suggests framework for gold bourse

Product specifications should be broad enough to appeal to a range of customers but narrow enough to promote liquidity.

5 Aug 2019 3:38 AM IST

India has signed contracts to export 200,000 bales of cotton to China in the past one week.

Cotton yarn exports decline 35 per cent in June quarter

According to the yarn producers, lower demand from both export markets and the domestic market has hit the industry.

2 Aug 2019 2:33 AM IST

Details about the hub were limited, and the BIS said it was not able to provide details on investment or staffing levels. (Photo: Pixabay)

M&A deals shrink; PE deals grow

Domestic M&A deals more than halved to $11 billion against $23 billion in the year-ago period.

2 Aug 2019 2:28 AM IST

In Q2 2018, total deal value stood at $403 mn and in Q2 2017 at $1,683 mn.

Investor interest in fintech space falls

In June quarter, fintech space witnessed deals valued $63.3 million, the lowest quarterly deal value since Q 3 2014.

2 Aug 2019 2:22 AM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

No takers for officially imported gold

After duty was raised from 10 per cent to 12.5 per cent, demand for officially imported gold vanished.

2 Aug 2019 1:53 AM IST

Coffee Day appoints Interim Chairman

The board has also appointed Nitin Bagmane, one of the earliest investors in Caf© Coffee Day, as the firm's Interim...

1 Aug 2019 1:23 AM IST