Suvankar Sen MD & CEO Senco Gold | Photo Credit: DEBASISH BHADURI Jewellery retailer Senco Gold expects to garner around 40 per cent of its revenue from outside eastern India by the financial year 2029-30 from the current 25 per cent. The largest jewellery retail player in Eastern India plans to increase its business from…
Rising for the second day in a row, the 30-share BSE Sensex edged up 63.57 points or 0.08%, to settle at 82,634.48 and the 50-share NSE Nifty ended 16.25 points or 0.06%, higher at 25,212.05. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed marginally higher on Wednesday (July 15, 2025) as…
The story so far: A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the Indian economy. The report outlined a number of salutary outcomes; not only had extreme poverty reduced drastically, inequality had reduced too. The Gini coefficient — a measure of inequality that…
Consumers are exchanging their old jewellery for new ones or using it as collateral, says WGC India research head | Photo Credit: SIDDHANT THAKUR Jewellery demand in India has remained slack after the April-May wedding season got over, and, as a result, the discount on domestic gold to global benchmark prices has widened in June…
According to forex traders, renewed foreign capital inflows and sliding global crude prices supported the domestic unit. Representational file image. | Photo Credit: Reuters The rupee declined 18 paise against the U.S. dollar to close at 85.94 (provisional) on Wednesday (July 16, 2025), tracking a strengthening American currency against major crosses overseas amid uncertainties over…
A luxury flat, SUV, holiday tour abroad and at least ₹1 crore in bank balance are everyone’s dream. However, only a few realise such kind of dreams and the remaining ‘unlucky’ lot end up thinking these are possible only for those born rich. Whereas most financial experts believe proper planning is all that is needed…
Gold prices rise across Indian cities on June 19 | Photo Credit: NGUYEN HUY KHAM Gold prices in India saw an increase today across all cities. The price for 8 grams of 24-carat gold also rose in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates…
Business and finance background. Rows of golden and silver bars | Photo Credit: Getty Images/iStockphoto Falling for the second straight session, gold prices depreciated ₹500 to ₹98,870 per 10 grams in the national capital on Wednesday due to continuous selling by stockists, according to the All India Sarafa Association. On Tuesday (July 15, 2025), the…
A logo of Reserve Bank of India at the RBI headquarters in Mumbai. File | Photo Credit: The HIndu The Reserve Bank of India (RBI) publishes data on financial assets and liabilities of households across India. A disturbing trend it shows is net financial savings of households, as a percentage of GDP, is declining. Let…
The new move restricts the import of any gold-containing alloy with more than one per cent gold In a move to prevent the misuse of trade channels for importing gold in disguised forms and to bolster trade oversight, Ministry of Commerce and Industry has announced new import restrictions on certain precious metal alloys containing gold,…
