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Jewellery stocks may lose sheen on likely curbs on gold imports

Jewellery stocks may lose sheen on

Jewellery industry stocks are losing lusture, as the government is planning to impose curbs on gold's inward shipment, in a bid to maintain current account deficit(CAD), says a PTI report.   Commenting on the issue, RBI Deputy Governor, S S Mundra, told PTI:  "With the surge in gold imports which has been witnessed, it warranted a re-look.

November 19, 2014  |  comments ( 0 )  | 

Gold jewellery, coins export jumps 22% during April-September

Gold jewellery, coins export jumps 22%

Gold exports rose by 22 per cent rose by 22 per cent to Rs 33,594 crore in the first half of this fiscal mainly due to RBI's 80:20 scheme, according to a report by PTI.   Under the 80:20 scheme, the Reserve Bank, in August last

November 10, 2014  |  comments ( 0 )  | 

Future Lifestyle’s Q2 net profit at Rs 7 crore

Future Lifestyle’s Q2 net profit at Rs 7

Retail giant, Future Lifestyle and Fashions Ltd (FLFL) reported net profit of Rs 6.98 crore for the second quarter of 2014-15 fiscal.   The company has recorded a net profit of Rs 108.90 crore in corresponding of the previous fiscal, 2013-14 on

November 10, 2014  |  comments ( 0 )  | 

CCI to take final call on Sun Pharma-Ranbaxy deal this month

CCI to take final call on Sun

Competition Commission is all set to finales its decision on the USD 4 billion, Sun Pharma-Ranbaxy deal — the first M&A transaction to have gone through public scrutiny amid concerns of adverse impact on fair competition in the

November 07, 2014  |  comments ( 0 )  | 

Govt cuts import tariff value on gold, silver

Govt cuts import tariff value on gold,

The government on Saturday slashed import tariff value on gold to $391 per 10 grams and silver to $551 per kg following weak global price trends, says a PTI report. During the last fortnight, the tariff value on imported gold was

November 03, 2014  |  comments ( 0 )  | 

Jobs in e-commerce sector in demand among B-school, engineering graduates

Jobs in e-commerce sector in demand

Engineering and B-school graduates are opting for jobs in the e-commerce industry over sectors like FMCG, consulting, financial services and infrastructure, says a PTI report, citing a poll by Assocham. "The number of intakes by the

November 03, 2014  |  comments ( 0 )  | 

WhatsApp user-base crosses 70 million in India

WhatsApp user-base crosses 70 million in

Mobile messenger service WhatsApp's user base in India has grown to 70 million active-users, which is over a 10th of its global users, its business head Neeraj Arora "We have 70 million active-users here who use the application at

November 03, 2014  |  comments ( 0 )  | 

Flight Centre Travel Group to open 23 Flight Shop stores

Flight Centre Travel Group to open 23

Australia-headquartered travel firm, Flight Centre Travel Group will open 23 stores across the country by June 2017 as part of its expansion plans in the country, says a PTI report. "We will be opening 23 new Flight Shop stores across the

October 30, 2014  |  comments ( 0 )  | 

 Lafarge, Holcim notify proposed merger with European Commission

Lafarge, Holcim notify proposed merger

Aiming to complete their mega merger to create world's largest building material company in first half of next year, Lafarge and Holcim have formally notified the European Commission about the amalgamation plan for regulatory approval, says a

October 29, 2014  |  comments ( 0 )  | 

20 Keralites feature in '100 Indian Power List'

20 Keralites feature in '100 Indian

 As many as 20 entrepreneurs and professionals from Kerala have been named in the annual list of 100 powerful Indians in the Gulf countries with people from the southern state also bagging the top two positions, says a PTI report. The

October 29, 2014  |  comments ( 0 )  | 

Garment exports up 16 per cent in September to $1.3 billion

Garment exports up 16 per cent in

Garment exports grew by 16 per cent in September to $1.3 billion, helped by rising cost in China and non-compliance issues in Bangladesh, says a report in PTI. During April-September period, the shipments rose by 17.6 per cent to $8.3

October 29, 2014  |  comments ( 0 )  | 

GourmetItup raises USD 300,000 from angel investors

GourmetItup raises USD 300,000 from

Restaurant reservations platform, GourmetItup has raised USD 300,000 angel funding from a clutch of investors, including corporate executives, says a PTI report. The two-year old company plans to use the funds for its expansion within the

October 28, 2014  |  comments ( 0 )  | 

Agra to host leather, footwear components fair from November 7

Agra to host leather, footwear

The Eighth International Leather, Footwear Components and Technology Fair will be held here from November 7 to 9, according to a report in PTI. Around 170 manufacturers from all over India and from Germany, France, Italy, Thailand, Taiwan

October 20, 2014  |  comments ( 0 )  | 

Customs officials put on alert to check gold smuggling

Customs officials put on alert to check

 The government has put on alert customs officials at all international airports and land and sea borders to further intensify measures to check gold smuggling, which it suspects could rise during the ongoing festive season, says a PTI

October 20, 2014  |  comments ( 0 )  | 

Mother Dairy launches gift packs for festive season

Mother Dairy launches gift packs for

Mother Dairy Fruit and Vegetable has launched various gift packs for the ongoing festive season including sweets packs and gift packs of fruit juice, for its customers, says a PTI report. The company which sells its milk and dairy products

October 17, 2014  |  comments ( 0 )  | 

Sebi approves upto Rs 1,600cr rights issue of Future Retail

Sebi approves upto Rs 1,600cr rights

Kishore Biyani-promoted  Future Retail  has received market regulator Sebi's approval to raise up to Rs 1,600 crore through rights issue, says a PTI report.  The company had filed its application with the Securities and

October 16, 2014  |  comments ( 0 )  | 

Anand Mahindra asks citizens to make Modi's campaign successful

Anand Mahindra asks citizens to make

Mahindra Group Chairman,  Anand Mahindra today said every citizen would have to play a part in making PM Narendra Modi's ambitious 'Make In India' project successful, as per a report in PTI.   "We have to make

September 26, 2014  |  comments ( 0 )  | 

ICICI Bank unveils new product for NRIs

ICICI Bank unveils new product for NRIs

ICICI Bank today launched a new product to serve the Indian diaspora and cater to their non— financial needs, as per a report in PTI.   Further, the top private lender said ‘NRI Advantage’ entitles customers to avail of

September 24, 2014  |  comments ( 0 )  | 

8 Indians led by Chanda Kochhar in Fortune's list of powerful Asia-Pacific women

8 Indians led by Chanda Kochhar in

As many as eight Indian women, led by ICICI bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women, shaping the new world order in the Asia-Pacific region, says a PTI report. Kochhar, ranked highest among Indian

September 22, 2014  |  comments ( 0 )  | 

BPCL says no plan to tie up with private companies for retail expansion

BPCL says no plan to tie up with private

Bharat Petroleum Corporation has ruled out tying up with private players, saying that the PSU has enough capabilities for expanding its retail presence on its own, as per a PTI report. Rival company, Hindustan Petroleum one of the leading OMC

September 22, 2014  |  comments ( 0 )  |