Representative image New Delhi, Motisons Jewellers, a Jaipur-based retail jeweller company, has garnered Rs 33 crore in its pre-IPO (initial public offering) funding round. The company saw participation from individual and institutional investors, including Sunil Kothari & Sons, Manish Parakh, Isha Parakh, Manish Parakh HUF, Rajesh Kumar Kabra, and Jagdamba Coal House, Prabhudas Lilladhar Advisory…
MUMBAI: A female actor has lodged a police complaint against her househelp for stealing jewellery and currency from her Goregaon residence. The Bangur Nagar Police registered a case under section 381 of IPC for theft.Yamini Rawal, 40, has said in her complaint that the accused, Pramod Gupta, 20, was working at her residence for the…
Left To Right – Mr Jaleel ( Regional Merchandise Head) , Mr. Vivek Mathur (Area Business Manager) Chief Guest (Smt Dhanwati Chandela – MLA Rajouri Garden ) , Mr Jishad ( Regional Head ) Mr Prashant ( Showroom Head) , Mr Jaseem ( Showroom Head) Malabar Gold & Diamonds, one of the largest gold and…
Representative image. Dubai: The gem and jewellery trade between India and UAE has grown significantly, particularly following the India-UAE CEPA agreement, and about 30 per cent of the total gems and jewellery imported by the emirate is sourced from India, the Gem and Jewellery Export Promotion Council (GJEPC) said. The UAE currently imports gems and…
Rising tension between Israel and Palestine is not likely to have any adverse impact on the gem and jewellery industry’s exports, GJEPC has said. India has witnessed substantial exports of gem and jewellery to Israel, amounting to USD 1,279.76 million in 2022-23, according to data by the Gem Jewellery Export Promotion Council (GJEPC). It is…
Representative Image New Delhi: Jewellery retailer BlueStone will use the majority of its recently raised funds to expand its footprint across the country, the company’s founder and CEO, Gaurav Singh Kushwaha told ETRetail. The company currently has around 178 stores across the country, as compared to 155 stores at the end of last year. As…
Representative image. New Delhi: Jewellery retailer Joyalukkas is aiming to increase its India revenue to Rs 17,500 crore by the end of the financial year 2024, shared a top official of the company. Talking to ETRetail, Joy Alukkas, Chairman and MD, Joyalukkas India said that the jewellery chain is eyeing a 20 per cent YoY…
Titan Company has clocked 20% year-on-year growth in revenue for the second quarter ended September. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. In the jewellery segment, 19% revenue growth was led by 20% growth in the domestic business and lower primary outgo from India…
Reserve Bank of India’s stance to keep the policy rate unchanged in the midst of the festive season will give a boost to the jewellery but increasing limits for gold loans from Rs 2 lakh to Rs 4 lakh in respect of urban cooperative banks could lead to a temporary decrease in the supply of…
Kalyan Jewellers on Friday said it plans to open 33 new showrooms in India before Diwali. The company, in a regulatory filing, said it will unveil showrooms in Kalyan and Candere formats across the country. Kalyan Jewellers had launched 13 showrooms across non-south markets during July-September quarter of the current fiscal. In addition, the company…
