niftify.in

The Economic Times

Nazara to raise Rs 900 crore, hikes stake in Absolute Sports to 91%

This is Mumbai-based Nazara's largest fundraise so far. Investors in the round included SBI Mutual Fund, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Cohesion Investments, Chartered Finance and Leasing etc. Additionally, Nazara Technologies acquired a further 19.35% stake in Absolute Sports, taking its total holding to 91%.

Business Standard

Opportunities emerging for India's gems & jewellery in Middle East: GJEPC

The Middle East sees emerging opportunities for Indian jewellery exporters with countries like Saudi Arabia and Kuwait showing rising demand for studded gold jewellery, according to the Gem & Jewellery Export Promotion Council (GJEPC). The recent data has revealed a positive trend showcasing substantial growth in regions beyond the traditional strongholds for India's gems and jewellery, like the US and China, GJEPC has claimed. In a statement released here on Tuesday, GJEPC said there are emerging opportunities in the Middle East, with countries like Saudi Arabia (+26.05 per cent) and Kuwait (+87.99 per cent) showing a rising demand for studded gold jewellery. "Saudi Arabia, Kuwait, Bahrain, and Malaysia, in particular, have witnessed increasing exports due to the growing number of buyers from these countries attending the three India International Jewellery Show (IIJS) events -- Premiere, Signature and Tritiya -- in recent times. "The product profile of Indian jewellery is ...

The Economic Times

Opportunities emerging for India's gems & jewellery in the Middle East: GJEPC

Indian jewellery exporters are seeing rising demand in the Middle East, particularly in Saudi Arabia and Kuwait. The Gem & Jewellery Export Promotion Council reports significant growth in these markets, driven by increasing buyer attendance at Indian jewellery shows and favorable trade agreements like the India-UAE CEPA.

Business Standard

S.M. Gold Ltd leads gainers in 'B' group

Gautam Gems Ltd, Menon Bearings Ltd, Take Solutions Ltd and MRC Agrotech Ltd are among the other gainers in the BSE's 'B' group today, 18 September 2024.

Business Standard

Govt extends incentives to exports via courier medium to boost e-commerce

The government has extended incentives for exports through the courier medium, a move aimed at promoting shipments through e-commerce. This was informed in the meeting of Board of Trade (BoT) in Mumbai. "In the realm of e-commerce exports, the Board of Trade was informed by officials from the Central Board of Indirect Taxes and Customs (CBIC) that effective immediately, RoDTEP, RoSCTL, and drawback benefits will be extended to all exports made via courier," the commerce ministry said in a statement. It added that plans to extend these benefits to postal route exports are also in the pipeline, creating a more equitable environment for e-commerce exporters utilising the courier and postal mode. RoDTEP (Remission of Duties and Taxes on Exported Products) provides refunds of central, state, and local taxes and levies on exported products that are not covered by other schemes. The scheme covers a range of sectors, including marine, leather, gems and jewellery, agriculture, electrical,

Business Standard

Rajasthan gem, jewellery industry lands in the rough amid labour shortage

In 2022-23 (FY23), Rajasthan had exported around Rs 9,470 crore worth of gems and jewellery, with the trade tally climbing to around Rs 11,180 crore in FY24

The Economic Times

Crypto Gems: Top crypto assets to watch & buy in September 2024

Bitcoin is currently priced below $57,000, indicating a period of consolidation before any significant upward movement. However, there's optimism for the near future as the October-December quarter historically favors Bitcoin's performance. If you have available funds, consider gradually investing in promising assets to take advantage of potential gains.

Mint

Nawab of Dalal Street buys into NIIT. Which are the 4 other hidden gems in his portfolio?

The details of five stocks that super investor Ramesh Damani has in his portfolio.

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE

Ucal Fuel Sys, NIIT, Bhageria Industries, Khaitan Chem and Lypsa Gems, hit their fresh 52-week highs at 11:25AM.

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Jet Freight Logistic, TVS Electronics, Lypsa Gems, Bal Pharma and STL Global, hit their fresh 52-week highs during the day.

The Economic Times

Mutual Funds' hidden gems: Borosil, Tata Motors lead unique July picks

We initially identified around 141 stocks, but narrowed our focus to those with a market value under Rs 100 crore.

The Economic Times

Crypto Gems: Top Crypto Assets To Watch & Buy in August 2024

The crypto market has had a bearish but sensational start to August, with Bitcoin hovering around $57,000 and altcoins experiencing significant declines. The recent market correction, triggered by macroeconomic and inflation-related fears, has presented an opportunity for investors to accumulate promising crypto assets at attractive prices.

Business Standard

Goyal states restoring Diamond Imprest Licence for gems, jewellery sector

Commerce and Industry Piyush Goyal on Saturday announced restoration of Diamond Imprest Licence, which allows import duty exemption on cut and polished diamonds up to a specified limit. The gems and jewellery exporters were demanding for this licence. In the absence of this licence, the cut and polished diamonds were getting imported in Dubai and getting assorted there and re-exported, impacting India's exports and jobs in the sector. The minister announced the restoration of the licence during a session at the India International Jewellery Show (IIJS) 2024 here. It was organised by the Gem and Jewellery Export Promotion Council (GJEPC). "Shri Piyush Goyal, Minister of Commerce and Industry announced the introduction of the Diamond Imprest Licence," the GJEPC said in a statement. The licence allows eligible exporters to import cut and polished diamonds, including semi-processed, half-cut, and broken diamonds. Exporters can import diamonds up to 5 per cent of their average turnover

The Economic Times

Gems, jewellery exporters seek import duty cut on gold, silver, platinum bars to 4 pc in Budget

Against the backdrop of the macroeconomic scenario, the council urged the government to take measures to revive exports in this sector. It also requested to introduce the sale of rough diamonds in SNZs (special notified zones); and "reduce the import duty on gold, silver, and platinum bars to 4 per cent; and introduce duty drawback on exports of platinum jewellery to take advantage of India UAE comprehensive economic cooperation agreement".