Festive season – Page 2

Gold News

Highest discounts in many years! Maruti, Hyundai, Tata Motors, Honda & Skoda offering cash discounts, exchange bonus on popular car models – Times of India

adminAugust 16, 202404 mins

Car discounts galore! Car manufacturers and dealers are offering substantial discounts, including cash discounts, exchange bonuses, and additional benefits, even on popular models, in an effort to clear a significant inventory buildup caused by slowing sales. According to trade insiders, major automakers like Maruti Suzuki, Hyundai, Tata Motors, Skoda, and Honda are all providing cash…

Gold News

Price rise takes sheen off gold, Q1 demand dips 15% – ET Retail

adminJuly 12, 202404 mins

Gold demand in India fell up to 15% year-on-year in the April-June quarter, with consumers shying away from the precious metal as prices escalated. With very few wedding dates in July, demand for gold jewellery has not picked up this month either, although some jewellers said certain markets saw sporadic sales increases due to the…

Gold News

Kalyan Jewellers India’s Q2 profit rises on strong domestic demand – ET Retail

adminNovember 14, 202302 mins

BENGALURU – Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to 1.35 billion rupees ($16.23 million) from 1.06 billion rupees year ago for the three-months ended…

Gold News

Big bullion sale: Gold shines amid festive fireworks – ET Retail

adminNovember 11, 202308 mins

Gold sales on Dhanteras surged to a record on Friday amid a revival in growth across consumer products such as smartphones, televisions, home appliances and apparel, as well as restaurants, after more than a year during the ongoing festive season. Demand for gold in the country increased about 7.7% by volume to an estimated 42…

Gold News

Minimalistic, everyday jewellery steals the spotlight this Dhanteras – ET Retail

adminNovember 10, 202303 mins

Representative image Jewellers say minimalistic and everyday jewellery is stealing the spotlight this Dhanteras as prices of gold remain high compared to last Dhanteras. Price of gold is up by Rs 9,000 per 10 gm compared to the last Dhanteras and is hovering around Rs 60,400 per 10 gm. Ajoy Chawla, CEO, Tanishq said “Over…

Gold News

Titan optimistic on festive jewellery sales; launches heavy, light-weight collections to tap wider audience – ET Retail

adminNovember 10, 202304 mins

Ajoy Chawla, CEO Jewellery Division, Titan Company New Delhi: Despite high gold prices, jewellery retailer Titan which owns brands such as Tanishq, Caratlane, Mia by Tanishq, and Zoya is optimistic about festive season sales, said a top official of the company. Talking to ETRetail, Ajoy Chawla, CEO – jewellery division, Titan Company said, “We are…

Gold News

India’s Tribhovandas Bhimji Zaveri posts higher Q2 profit as diamond outshines – ET Retail

adminNovember 6, 202303 mins

Representative Image BENGALURU – Indian jeweller Tribhovandas Bhimji Zaveri reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand. The company said its consolidated net profit rose to 90.1 million Indian rupees ($1.08 million) for the quarter ended September 30, from 54.7 million rupees a year earlier….

Gold News

Apparel manufacturers expect 25% dip in festive sales: Survey – ET Retail

adminOctober 30, 202303 mins

Representative image New Delhi: Apparel manufacturers and brands expect a 25 per cent fall in sales this festive season when compared to last year, said a recent survey by the Clothing Manufacturing Association of India (CMAI). The survey included inputs from 166 apparel manufacturers, of which 78 per cent expect a slowdown in sales while…

Gold News

GJC against ban on import of rough diamond – ET Retail

adminOctober 10, 202304 mins

All India Gem And Jewellery Domestic Council (GJC) is not in favor of banning the import of rough natural diamonds until December 15, a top official said. The GJC board will meet to deliberate on the issue in order to prevent a hardening of the price of the precious stone in the domestic market ahead…

Gold News

Lab-grown diamonds set to catch festive sparkle – ET Retail

adminOctober 5, 202304 mins

Lab-grown diamonds are set to acquire a new sparkle this festive season, amid growing acceptance among customers, according to industry executives. With the introduction of buyback schemes by manufacturers and expansion of the store network, up to 60% year-on-year growth is expected during this period, they said. Even high-net-worth individuals (HNIs) have taken a shine…