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Jewellery sector welcomes Budget; experts say cut in import duty will boost demand

Gold and silver jewellery will become cheaper in the country ahead of the upcoming wedding season with finance minister Nirmala Sitharaman reducing import duty on gold and silver to 7.5% from 12.5% in the Union budget.Besides bringing relief to the consumers, the move would make Indian jewellery more competitive in...

Government decides to wind up Hindustan Diamond Company

The Government on Wednesday said that it is initiating the process of winding up Hindustan Diamond Company (HDCPL). The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), to wind up the 50:50 joint venture company of the...
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Former HUL CEO Mehta teams up with PE fund L Catterton for India-focused JV

Mehta will serve as the executive chairman of India for the vehicle from 4 April onwardsMumbai: Former Hindustan Unilever...
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