Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
India's Head Coach Gautam Gambhir has seen both ends of the spectrum with high of Champions Trophy and low of six Test losses and he'll have tough choices to make once the new two-year cycle comes around with the new season.
'You have to separate the concept of India as a nation State which is very young and the Upanishadic wisdom which is timeless.'
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
Shailendra's songs were attuned to Raj Kapoor's explorations of the themes and dreams of the Everyman.
Considering the sluggish demand in the advanced markets, and the huge working capital needs, the sector seeks funds at or lower than International interest rates
'The US has agreed to negotiate with us a mutually beneficial bilateral trade agreement, which will go for reduction of tariffs on both sides so that our trade can grow.'
Gems of wisdom from Dr Manmohan Singh, who passed into the ages on December 26, 2024.
India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
'While we've seen some standout series over the past year, few have been as captivating and binge-worthy as this.'
The GST rate for the sector has not yet been finalised by the government.
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Images from Day 3 of the fourth Test between Australia and India at the MCG on Saturday.
Export of Indian gems and jewellery is unlikely to surpass previous records, given the volatile price of gold and the consumers' increased inclination toward luxury items like perfumes and watches.
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
Suddenly, the legendary advertising line -- a diamond is forever -- is losing its shine.
During 2012-13, the gems and jewellery exports declined by 9.4 per cent year-on-year to $39 billion due to sluggish demand in traditional markets.
"Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award in Jaipur.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
The recent stimulus measures announced by China have seen most analysts sit up and take notice.
A Class XII student in Madhya Pradesh allegedly shot dead the principal of his school after being admonished for coming late. The student and his classmate escaped on the principal's scooter after the incident. Police are investigating the case and searching for the two students.
Exports from the world's largest supplier of gems and jewellery were valued at $1.87 billion in May 2009.
Indian gems and jewellery market comprises diamonds, colored stones, jewellery (gold and silver), pearls, among others. Gold and diamond jewellery account for around 80% of diamonds processing in terms of carats and 55% in terms of volume.
It may touch Rs 19,800 crore.
The government's initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said. The downward revision has provided the actual picture of trade deficit (difference between imports and exports), which was earlier looking very high. The deficit for November will now be revised downwards from $37.84 billion to about $32.8 billion. Similarly, there will be a revision in overall import numbers as well.
Rogers operates under brand names Rogers Jewelers and Andrews Jewelers.
The government has revised gold import data, bringing down numbers for November by $5 billion to $9.84 billion, possibly to rectify double accounting of inbound shipments. According to revised data of the commerce ministry arm Directorate General of Commercial Intelligence and Statistics (DGCIS), gold import numbers have been slashed since April 2024, revealing excess imports of about $11.7 billion during the first eight months of 2024-25.
The growth came at a time when exporters had been complaining about reduced margins and weak export performance due to the strengthening rupee.
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Trading activities of 26 entities, including Gitanjali Gems promoter Mehul Choksi and firms linked to Prime Broking, were suspended on Thursday by market regulator Sebi and the bourses, as part of a probe into suspected market manipulations.
The gems and jewellery sector in India, consisting of a large number of small and medium enterprises (SMEs), has started to shine again, according to a survey conducted by IndiaMART Knowledge Services (previously known as IndiaMART Research Unit).
'As we navigate uncertain waters, a conservative approach to largecap investing could provide a strategic advantage.'
Scientists, sci-fi, stand-up, suspense, take your pick of OTT this week. Sukanya Verma makes her recommendations:
The government should also introduce zero duty for gold imports so as the world trade shifts to India.
India's gems and jewellery export grew by 16 per cent to $28.41 billion in 2009-10 due to revival in demand from major markets like the US and Europe.
'I've had a 10-and-a-half year journey behind the camera and people don't know who I am.'
Narkanda in Himachal Pradesh is a hidden gem, perfect for adventurers and nature enthusiasts.
De Beers, the world's premier source for rough diamonds, has painted an attractive picture for jewellery demand.
