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India’s gems, jewellery sector vulnerable to money laundering, terrorist financing: FATF

The report recommended that India should include qualitative and quantitative data and typologies from domestic and international sources on the money laundering risks associated with precious metals and stones smuggled into and circulating in IndiaNew Delhi: The ease with...

India’s luxury pre-owned market set to grow at rapid pace: Tata CLiQ

Luxury pre-owned market in India is worth $618 million in 2023 and expected to grow at the rate of 10% to $1556 million by 2032, according to Almona Bhatia, chief business development officer, Tata CLiQ and Tata CLiQ LuxuryMumbai:...

Govt seeks proposals for setting up e-commerce export hubs

These hubs would be designated areas, which would act as a centre for favourable business infrastructure and facilities for cross-border e-commerce activitiesNew Delhi: The government has sought proposals from the industry to set up e-commerce export hubs (ECEH) in the...

India’s gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore ($2,240.77 million) during June 2023Mumbai: India's overall gems and jewellery exports witnessed an on-year decline of 13.44 per cent in June at Rs 15,939.77 crore ($1,909.57 million) amid...

PC Jewellers gets PNB approval for one-time settlement of dues

PC Jeweller had opted for OTS to settle the outstanding dues with a consortium of banksNew Delhi: PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues.In a...

Fundraising in retail crossed over Rs 1,100 cr in Q4 FY23-24

A significant contribution to the fundraising in the last quarter also stems from the television reality show Shark Tank Season 3IndiaRetailing Insights: Fundraises in the retail sector in the fourth quarter (Q4) of the financial year (FY) 2023-2024 crossed...

Malabar Gold & Diamonds to open 100 new stores within 2025

The company recorded an annual retail global turnover of Rs 51,218 crore in the last financial year (FY24) Bengaluru:  Kozhikode-based Malabar Gold & Diamonds is set to open 100 new stores by 2025, the jewellery retailer said in a press...

Giva reaches 100 store milestone

The 100th outlet of Giva is located at Phoenix Mall of Asia, Yelahanka Bengaluru: Fine jewellery brand Giva has reached the 100-store milestone with the launch of its latest outlet in Bengaluru at Phoenix Mall of Asia, Yelahanka, the company said...

ABFRL takes Jaypore to the US

The retail major has partnered with ingenuity to facilitate its foray into the American market New Delhi: Aditya Birla Fashion and Retail Ltd. (ABFRL) will partner with Ingenuity, a commerce solution provider, to support the launch of its brand, Jaypore,...

Gargi by P N Gadgil & Sons (PNGS) opens 2nd franchise outlet in Nashik

With this, the company aims to better cater to Nashik, which it considers an important marketNew Delhi: Fashion jewellery brand Gargi by P N Gadgil & Sons (PNGS) has launched its second franchise outlet in Nashik as per a...
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Flipkart launches fulfilment centre in Patna

The 4.5 lakh square feet facility will support a network of over 6,600 sellers in Bihar and generate over...
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