India's exports jumped 45.76 per cent to $33.28 billion in August on account of healthy growth in segments like engineering, petroleum products, gems and jewellery and chemicals, even as the trade deficit widened to a four-month high of $13.81 billion.
The country's exports surged 49.85 per cent to $35.43 billion in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as the trade deficit widened to $10.97 billion during the month, official data showed on Friday. Imports during the month also rose by about 63 per cent to $46.40 billion, as per the data released by the commerce ministry.
A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
These fashion lovers upped the style quotient at Day Three of the Lakme Fashion Week Summer/Resort.
The suspect in the killing of an Indian-origin Sikh family, including an eight-month-old baby girl, had once worked for the family's trucking business and had a longstanding dispute with them that got 'pretty nasty' and culminated in an act of senseless killing, authorities and a relative said.
Instead of investing all their annual savings in gold, if the people in India were to invest in more productive business assets, the country's annual GDP growth would be higher by about 0.30.4 per cent.
Amy Jain, jewellery designer launched BaubleBar .
Up 37% in December quarter, nearly 70 per cent over the year, a fourth of entire global intake.
The country's exports grew by 47.19 per cent to $35.17 billion on account of healthy growth in the outbound shipments of petroleum, engineering, and gems and jewellery, according to the provisional data of the commerce ministry. Imports during the month also rose by 59.38 per cent to $46.40 billion, leaving a trade deficit of $11.23 billion. Exports of petroleum, engineering, and gems and jewellery in July increased to $3.82 billion, $2.82 billion and $1.95 billion respectively, the data showed.
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
'Rishi is brought up with Indian values -- Indian qualities like respect our parents, respect our uncles -- but he is more British.'
Twelve of the 22 Indian diamond traders, detained in China on charges of smuggling, returned home early on Friday after they were let off following deportation orders by a Chinese court. "We are happy that 12 diamond traders held in China returned to India late last night. We are making all efforts to bring back the remaining traders," Gems & Jewellery Export Promotion Council Chairman Rajiv Jain said.
Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
Fashion designer Neeta Lulla and jewellery designer Varuna D Jaani showcased their bridal collection in Mumbai.
Grim police procedurals, dark superheroes, ghostly encounters, things get pretty intense on OTT this week. Sukanya Verma offers some suggestions.
On the Christmas eve, Indian-made jewellery, clothing and other products are a huge hit with the shoppers here as hundreds of them throng an ongoing Indian trade fair.
Right from the outfit to the dcor and theme, even food and activities can be customised to create a unique experience.
WGC will conduct nearly 30 workshops across the Indian cities as a prelude to Au DITIONS, a competition for gold jewellery designers. Au DITION is aimed at identifying three trend-setting designers, whose works will be showcased worldwide.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
The recent migration of marquee investments from Maharashtra to Gujarat seems to have rekindled the Marathi manoos sentiment.
A provisional order under the Prevention of Money Laundering Act has been issued for attaching bank deposits, plots, flats and residential houses, it said in a statement.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
Titan's sarees will ride on the parent brand's immense equity and deep penetration to crack open the potential Rs 550 billion market.
These categories rank among India's top 10 export items by value.
After recording positive growth in September, India's exports declined 5.4 per cent to $24.82 billion in October on account of dip in shipments of petroleum products, gems and jewellery, leather, and engineering goods. Trade deficit in October narrowed to $8.78 billion as against $11.76 billion, as imports also fell 11.56 per cent to $33.6 billion during the month under review.
"Demand for gold is virtually zero," said Suresh Hundia, president of the Bombay Bullion Association. "People are taking profits and selling their gold back to jewellers for 2.5-3 per cent less than international market prices."
Poonam and Deepak kept the body parts of Anjan Das in a fridge and would dispose them of at different places in east Delhi.
An elderly Indian-American man was attacked and left bleeding on the road in a New Jersey neighbourhood in an apparent bias crime by an assailant who has been taken into custody.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
Indian gold demand seen falling to 8-year low in festive quarter.
Indian Oil Corp is ranked highest at 161st in the Fortune 500 list.
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Take a cue from these celebs on how to dress for the festive season.
India's merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products, according to official data released on Thursday.
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