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GITANJALI EXPORT CORPORATION
The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...- Markets now: Over 30 stocks at fresh 52-week low in morning sessionIn the BSE 500 space, 295 stocks were trading in the green while 193 were in the grip of bears.
- IPO plans of Nirav Modi, Mehul Choksi will now be ‘consigned to oblivion’The net profit of Gitanjali Gems plunged from Rs 595 crore in FY 2013 to Rs 166 crore in FY 2017.
- Gitanjali Gems unit Nakshatra World gets Sebi's nod for IPOProceeds of the issue will be utilised towards funding working capital requirements and other general corporate purposes.
- 3 per cent GST on gold to hit unorganised sector, say industry expertsOn June 2, the GST Council fixed a GST rate of 3 per cent on silver, gold jewellery and processed diamonds, which is higher than the indust...
- Gitanjali Gems shares soar over 9% on business restructuringShares of Gitanjali Gems today surged over 9 per cent after the company announced major restructuring of its business to create better syne...
- Gitanjali Gems announces restructuring of its businessGitanjali Gems today announced major restructuring of its business to create better synergy within group companies, bring down costs and im...
- Gold jewellery exports likely to dip by 50% in FY14: IndustryGold jewellery exports may decline by about 50% in this financial year from last year after govt restrictions reduced the availability of g...
- Cash-strapped Gitanjali plans mega push into DubaiGitanjali Gems, which already nets over 40 per cent of its revenue from overseas markets, is increasing its focus in the Gulf region.
- Falling rupee, rising UK and the United States cheer Indian exportersIndia's exporters are flush with new orders across sectors, with a weaker rupee making them more competitive in the international markets.
- Care lowers Gitanjali’s rating, places it on credit watchThe rating on long term loan of Rs 3188 crore is lowered to BBB- and short term loan of Rs 2645 crore of Gitanjali Gems to A3.
- Is it time to sell jewellery stocks?The recent measures by the government and the RBI have led to a drastic drop in prices of such stocks, but large-cap players are still good...
- No price risk on jeweller or retailer if gold prices fall: Sanjeev Agarwal, Gitanjali Export CorporationThe benefit of diamond and diamond jewellery purchases has been that diamond prices has not been very volatile.
- Meet India's six diamond kings: Nirav Modi, Mavji Bhai Patel, Mehul Choksi, Dharmesh Shah, Ashok Gajera & Russell MehtaIndia’s diamond kings–the biggest players in the Rs 70,000 crore diamond industry–are relatively as obscure as their products are glitterin...
- Import, excise duty hike to fuel gold, silver price rallyThe cash-strapped government on Tuesday raised import and excise duties on gold and silver, hoping to mop up about 600 crore in additional ...
- Value of Indian gold quadruples in 15 yearsWhether it's the average Indian woman's craving for gold or the Indian government's investment in the yellow metal, both have paid off with...
- CARE reaffirms A- rating assigned to Gitanjali ExportsCARE has reaffirmed rating of ‘CARE A-’ assigned to the long-term bank facilities of Gitanjali Exports Corporation Ltd aggregating Rs 357.1...
- Gitanjali Group to invest for its retail expansionJewellery maker and exporter Gitanjali Group is planning to invest Rs 400 crore in expanding its retail base in India and overseas' markets...
- Gitanjali Group signs MoU with MMTCWith a view to expand its retail footprint and marketshare, diamond and jewellery manufacturer, Gitanjali Gems, has signed an MoU with the ...
- NSE bans futures trading in AdlabsTrading in stock futures of Adlabs Films, Essar Oil, Power Grid Corporation of India and 10 other companies has been banned on the National...
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