'It has always been viewed as a hedge against inflation.'
The Supreme Court of India has granted bail to Kashmiri separatist leader Shabir Ahmed Shah, who has been in jail for over eight years in a terror funding case, citing the unlikelihood of a timely trial conclusion and the curtailment of personal liberty.
Exporters of gems and jewellery have said the free-trade agreement (FTA) has brought relief to their sector because this opens up the world's second-largest market and brings them on a par with China and Thailand, which face zero tariffs on shipments to Europe.
The Supreme Court has questioned the NIA regarding the detention of Kashmiri separatist leader Shabir Ahmed Shah in a terror funding case, asking the agency to justify his detention for over six years.
'What we have yet to see on either the US or the Iranian side is willingness to compromise on their ultimate demands and the flexibility to reach an agreement to end the war.
The RBI has flagged concerns over rising volatility in gold prices and advised lenders to exercise caution in the gold loan segment.
Tournament co-hosts India will be out to defend their Twenty20 World Cup title. The 10th edition of the 20-overs global showpiece event will run from February 7 to March 8.
Tournament co-hosts India will be out to defend their Twenty20 World Cup title in familiar home conditions next month.
India's shrimp sector was pushed into uncertainty following US President Donald Trump's decision to impose a 25 per cent tariff on all goods imported into the US from India.
The US retaliatory tariffs are a major setback for the Indian gems and jewellery exports, apex industry body GJEPC said on Thursday as it urged the government to take steps to secure the long-term interest of the sector. The US has announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods, as the Donald Trump administration aims to reduce US' trade deficit and boost manufacturing.
From labelling India the 'Tariff King' to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India. These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed Bilateral Trade Agreement (BTA).
Gold future prices sustained upward trend for the fourth straight session by surging Rs 2,048 to hit a fresh record high of Rs 100,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters. On the Multi Commodity Exchange (MCX), the August delivery contract of the yellow metal bounced by Rs 2,048 or 2.1 per cent to hit a fresh peak of Rs 100,000 per 10 grams in the mid-session trade.
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can "adversely" impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.
Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments. As part of its pre-Budget recommendations, the council has also suggested a reduction in the import duty on cut and polished diamonds; cut and polished precious and semi-precious gemstones from 7.5 per cent to 2.5 per cent. "If (gold) imported at 4 per cent duty rate....working capital amounting to Rs 225 crore would be blocked instead of Rs 500 crore," the council said in a statement.
Exports of cut and polished diamonds during April-May witnessed a 77.42 per cent decline, gold jewellery exports declined 92 per cent and shipments of coloured gemstones also dipped 92.90 per cent.
More than 750 eminent citizens, including historian Romila Thapar, economist Jean Dreze and actor Naseeruddin Shah, on Wednesday came out in support of a news website which is alleged to have received dubious funds to spread Chinese propaganda.
Afghanistan (6 points) will not only look to secure two points against the Dutch (4 points) but also aim to win big and improve the net run-rate
The labour-intensive sector contributes about 15 per cent of the country's overall exports.
After China imposed a national security law on Hong Kong earlier this month, the United States on July 14 withdrew the special status granted to Hong Kong, and the United Kingdom, Australia, and Canada followed suit.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
Ahead of the ICC Men's ODI World Cup 2023, here's a full list of the final squads of all ten teams.
De Leede ripped through the Pakistan line-up taking 4-62 and Colin Ackerman claimed 2-39 after the Netherlands won the toss and decided to bowl, but Rizwan (68) and Shakeel (68) ensured the Asian side made 286 in 49 overs.
Pakistan would be desperate to plug the gaping holes and hope their star players regain form when they open their World Cup campaign against a free spirited Netherlands in Hyderabad on Friday.
Diamond industry expects revenues to drop by 20-25% in the current financial year.
The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.
Images from the T20 World Cup Super 12 match between Pakistan and Netherlands, in Perth, on Sunday
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
A pick of just 10 watchable (a couple of them admittedly in the so-bad-it's-fun category) foreign films starring Bollywood stars in significant roles are available to watch on streaming platforms.
The US is the largest consumer of gems and jewellery in the world contributing nearly 40 per cent of global production. If India can tap the opportunity, its overall exports to the US could jump by 10 per cent to $ 11 billion this year.
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
Three major upsets that highlighted this World Cup.
The International Cricket Council is expected to finalise the nomination process to elect outgoing chairman Shashank Manohar's replacement next week as it was still trying to reach a consensus on some key issues. The ICC Board met via video-conference on Thursday with key point in the agenda was whether to adopt a process that selects or elects the new Chairman.
Following a year of pandemic prompted no-show and another of backlash for its staggering lack of representation, the Golden Globes felt more atonement than awards ceremony in its 80th iteration.
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
Do you miss spotting sparrows in your neighbourhood? Then these pics will bring a smile to your face.
Pakistan will not only have to win the remaining three matches, starting with New Zealand, but also hope that the results in other matches favour them to salvage any hopes of a semi-final berth.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
New Zealand started the day shakily but recovered to post 229-7 at the close thanks to Williamson's 89 off 176 deliveries on a spinning track at the Sheikh Zayed Stadium.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances