Festive & wedding boost for jewellers
Financial Express Mumbai|January 08, 2025
JEWELLERY FIRMS ARE set to report a strong year-on-year revenue growth for the October-December quarter, driven by strong wedding and festive demand, according to analysts and company updates.
RAGHAV AGGARWAL

"Consumption remained buoyant, supported by higher realisations amid sustained gold price increases, a higher number of auspicious days, and a gradual shift from unorganised to organised trade following the sharp 900 basis points (bps) cut in gold import duty," said Srikumar Krishnamurthy, senior vice president & co-group head, corporate ratings, ICRA.

The FY25 Union Budget had reduced the import duty on gold from 15% to 6%, significantly boosting organised players.

هذه القصة مأخوذة من طبعة January 08, 2025 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 08, 2025 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS MUMBAI مشاهدة الكل
Financial Express Mumbai

Meta's revised paid ad-free service may breach EU privacy regulations

META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.

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It's raining handouts

Political parties must avoid reducing elections to one-upmanship on freebies

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Invest in stocks: China to insurers

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Emilia Perez Leads Oscars Race With 13 Nominations
Financial Express Mumbai

Emilia Perez Leads Oscars Race With 13 Nominations

NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.

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In the grey zone

Meta's fact-check roll-back can upend contextual ads

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CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

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In hiding, Awami League leaders connect with Hasina
Financial Express Mumbai

In hiding, Awami League leaders connect with Hasina

THEIR BANK ACCOUNTS FROZEN, MANY RELATIVES ARRESTED

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Trump Urges Lower Oil Prices, Rate Cuts

Reiterates tariff threat to bring manufacturing back to the US

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Financial Express Mumbai

Deposits lag credit growth in fortnight to January 10

Banks’ deposits lagged credit growth for the fortnight ended January 10, according to the latest data released by the Reserve Bank of India.

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January 24, 2025
Financial Express Mumbai

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

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January 24, 2025