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Surat: After Maharashtra approved its Gem and Jewellery Policy 2025 on Tuesday -- a major move to boost gem and jewellery manufacturing -- business leaders in Diamond City have urged the govt to introduce a similar policy. Industry insiders describe Maharashtra's initiative as the first of its kind in India.The policy to attract investments worth Rs 1 lakh crore and generate five lakh jobs, offering financial incentives, facilities and support to manufacturers. "We will study the Maharashtra pol ...Read More >
Surat, Oct 8 (PTI) Rajasthan Chief Minister Bhajan Lal Sharma on Wednesday said his state was poised to become a USD 350 billion economy by 2030, and has a very investment-friendly environment. Speaking at a 'Pravasi Rajasthani Meet' here ahead of the Pravasi Rajasthani Divas on December 10, he invited entrepreneurs and investors to explore opportunities in IT, pharma, textiles, gems & jewellery, energy, petrochemicals, tourism and mining sectors in the state. "Rajasthan is progressing towards ...Read More >
New Delhi, October 3 (MExN): Reliance Jewels has announced the launch of its new festive collection and the onboarding of Bollywood actor Raveena Tandon and her daughter Rasha Thadani as its first-ever brand ambassadors. The mother-daughter duo will represent the brand's new Diwali collection, which is designed to blend traditional motifs with contemporary designs, the company said in a statement. With Raveena Tandon and her daughter Rasha as the faces of this campaign, we connect with two gen ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
MUMBAI: India Inc's credit quality remains strong, supported by robust domestic consumption, robust balance sheets, and steady government-led spending. However, geopolitical risks arising mainly from the 50% US tariffs on several Indian goods could weigh on sectors such as marine, gems and jewellery, and textiles. Notably, credit ratios of companies remain largely stable. In H1 of FY26, Icra upgraded ratings of 214 firms while downgrading another 75, for a credit ratio of 2.9 times, an improvem ...Read More >
Mumbai: India Inc.'s credit profile has demonstrated remarkable resilience despite escalating global trade tensions and geopolitical uncertainties, according to data released by rating agency ICRA for the first half of the fiscal year 2026 (H1 FY2026).ICRA's rating actions during the period underscored the strength of corporate balance sheets and a supportive domestic economy. The agency recorded 214 rating upgrades against only 75 downgrades, resulting in a robust credit ratio of 2.9. This mark ...Read More >
Corporate India shows strong credit quality. Domestic consumption and government spending provide support. US tariffs present a challenge for export sectors. Gems, textiles, and marine industries face potential impact. Rating agencies report stable credit ratios overall. Banking sector exposure to these risks is low. Credit growth projections remain healthy. Corporate India's credit quality remains strong, supported by favourable domestic consumption, strong balance sheets and steady government ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...Read More >
PRNewswire New Delhi [India], September 30: Delhi sparkled brighter than ever as Forevermark Diamond Jewellery from De Beers Group, the world's leading diamond company, officially launched as a jewellery brand. Marking a landmark brand debut, Forevermark has chosen India as its lead market with the opening of its flagship store in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark's journey of bringing its global heritage, modern design sensibili ...Read More >
New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway and Switzerland. It was signed March 10, 2024. Domestic cust ...Read More >
New Delhi, Sep 30 (PTI) The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, ...Read More >
Nearly six in ten (59%) Indian entrepreneurs spend on luxury experiences such as travel, fine dining, and lifestyle indulgences -- outpacing the global average of 50%. Indian entrepreneurs are spending more aggressively than their global counterparts on luxury lifestyles, wellness, and international mobility, driven by optimism about wealth creation and global opportunities. According to HSBC's Global Entrepreneurial Wealth Report 2025, 64% of Indian entrepreneurs allocate wealth towards real ...Read More >
Chandigarh, Sep 29 (PTI) Western Command General Officer Commanding-in-Chief Lt Gen Manoj Katiyar on Monday said punishment to the enemy will be much heavier then before as the Army, during an exercise, demonstrated integration of drones, counter-drone systems and unmanned platforms in live conditions. "In Operation Sindoor, there was lot of use of drones and taking learnings from that, we have strengthened our drone warfare training... The punishment given to the enemy this time will be much h ...Read More >
Surat's upcoming Bullet Train station is meticulously designed for passenger comfort, convenience, and multi-modal integration, featuring soothing interiors, natural light, and accessibility for all. Inspired by the city's diamond industry, its construction is progressing rapidly, with structural work complete and finishing touches underway, marking a significant boost in connectivity for the region. Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train ...Read More >
Surat (Gujarat) [India], September 27 (ANI): Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train station. The station has been thoughtfully designed with a strong focus on passenger comfort and convenience. Soothing interiors, natural lighting through skylights, and well-ventilated platforms will ensure a calm and pleasant travel experience.The station is equipped with modern passenger amenities like a waiting lounge, nursery, restrooms, retail outlets ...Read More >
Surat (Gujarat) [India], September 27 (ANI): Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train station. The station has been thoughtfully designed with a strong focus on passenger comfort and convenience. Soothing interiors, natural lighting through skylights, and well-ventilated platforms will ensure a calm and pleasant travel experience. The station is equipped with modern passenger amenities like a waiting lounge, nursery, restrooms, retail outle ...Read More >
New Delhi: India's jewellery industry is introducing a new trend of 'diamonds created from human DNA' that could be a game-changer for generations to come. Renowned jewellery designer, manufacturer, and consultant Hetal Vakil Walia said the innovation will make people fall in love with the ornaments forever. "The lab-grown diamonds will be customised, infusing customers' own DNA. It will turn the jewellery into deeply personal keepsakes," she said. The technology is currently under discussion ...Read More >
Surat: With the US market slipping out of reach following a 50% tariff on Indian imports, the country's gem and jewellery makers are shifting focus to the Middle East. Exporters see Saudi Arabia as a key growth destination, with shipments rising 45% to $151.5 million in 2024-25 and studded jewellery exports alone jumping 55%, according to the data shared by the Gem and Jewellery Export Promotion Council (GJEPC).Saudi Arabia's jewellery market is projected to nearly double to $8.34 billion by 203 ...Read More >
India's outlook remains robust. The country recorded 8 per cent steel demand growth in 2024 and is expected to grow more than 7 per cent in 2025. India is expected to emerge as a major growth centre for global steel demand over the coming decades, even as China's dominance wanes. China, which accounted for 49 per cent of world steel consumption in 2024, is projected to see demand fall by an average of five to seven million tonnes (Mt) annually over the next decade. China's share of global dema ...Read More >
New Delhi, Sep 2 (SocialNews.XYZ) Prime Minister Narendra Modi on Tuesday said that the day is not far when India's smallest chip will bring the biggest change in the world. Inaugurating 'Semicon India 2025' in the national capital, the Prime Minister stressed that India is moving beyond just the backend of the semiconductor industry and is now building a full-stack ecosystem to become globally competitive and 'Atmanirbhar'. Addressing the global gathering of industry leaders, innovators, and ...Read More >
New Delhi [India], September 2 (ANI): Prime Minister Narendra Modi on Tuesday innagurated the fourth edition of the 'Semicon India' in the national conference and delivered a strong message that the world trust India and is ready to build the semiconductor future with India. PM Modi, Noting the presence of dignitaries at the conference, including experts and representation of more than 40-50 countries as well as India's youth power PM Modi said, "Today am here with the confidence that the world ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) India's natural diamond polishing industry recorded 18 per cent surge in exports in July on year-on-year (YoY) basis as it had cranked up production to meet the anticipated festival demand in the US, a report said on Thursday. The industry is projected to see a 28-30 per cent decline in revenues, dropping to approximately $12.50 billion this fiscal year, down from $16 billion last fiscal year due to the impact of US tariffs, a report from credit ratings agency ...Read More >
Bhopal: Ahead of the Supreme Court hearing from September 23, an all-party meeting was hosted by Madhya Pradesh Chief Minister Mohan Yadav on Thursday at his official residence, where a formal resolution to ensure the full 27% reservation for Other Backward Classes (OBCs) has been unanimously adopted, marking a decisive shift in the state's legal and administrative posture. Backed by all major parties, the resolution affirms that the remaining 13% of the quota, on top of the 14% already impleme ...Read More >
Mumbai, Aug 28 (PTI) India's natural diamond polishing industry faces a 28-30 per cent fall in revenues to USD 12.50 billion in this financial year as the steep 50 per cent tariff imposed on Indian exports by the US kicks in, a report said on Thursday. An additional 25 per cent tariffs on Indian products entering the American market came to effect on Wednesday after the US administration's move to penalise India for purchasing Russian oil. This is on top of the 25 per cent the reciprocal tariff ...Read More >
Need to stay united, must stand up to bullying, says Maruti Chairman RC Bhargava (File image) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday at the company's 44th Annual General Meeting (AGM) in New Delhi. "It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this ma ...Read More >
New Delhi, Aug 28 (PTI) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday. Addressing shareholders at the company's 44th Annual General Meeting (AGM) here, the veteran industry leader also noted that reduction in GST on small cars would help in reviving the growth of the industry. "We are all aware of the global uncertainty that has been caused in rece ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
New Delhi [India], August 28 (ANI): A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on to consumers, it can boost the country's GDP growth. It stated "A decline in GST rate has a higher multiplier effect (1.08x) than direct taxes. If passed on to consumers, it can add 20-50bps to GDP growth". The report said, a decrease in income tax rate would ...Read More >
MUMBAI: The 50% tariffs on natural diamond exports from the country will have the natural diamond polishing industry which polishes 95% of the global production and nets the maximum income from the US, staring at a steep 28-30% decline in revenue to $12.50 billion this fiscal, compared to the $16 billion they netted last fiscal. The blow will follow a 40% de-growth over the past three fiscals because of the fall in both prices as well as sales volume of natural diamonds as demand in the US and ...Read More >
The reciprocal tariff does pose challenges, but the overlooked transshipment clause alters the competitive landscape, blunting some of the damage and might even create opportunities in some areas The ongoing trade conflict between the United States and India has escalated with Washington's decision to levy a 25 per cent reciprocal tariff on Indian exports effective August 7, followed by an additional 25 per cent tariff linked to India's purchases of Russian oil, effective August 27. The tariffs ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.