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SURAJ DIAMONDS
For Gen Z diamonds are a personal style statement, not something they can tuck awayAs Millennials and Gen Z redefine luxury consumption in India, the natural diamond industry is evolving to meet their demand for individual...- NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta“It is noted under Section 128 of Indian Contract Act, 1872 that when a default is committed, the principal borrower and surety are jointly...
- Govt not making efforts to bring back Jatin Mehta to face law due to Adani link, alleges CongThe Congress has accused the government of making no efforts to bring back absconding diamantaire Jatin Mehta to face the law in India, and...
- Vijay Mallya's Kingfisher Airlines is king of defaulters at Rs 4,022 croreKingfisher Airlines has emerged as the country's top non-performing asset (NPA) after it has failed to repay loans of over Rs 4,000 crore.
- Lenders rule out Winsome Diamonds’ Rs 4k cr loan restructureIf Winsome Diamonds goes under, lenders will bear a loss of Rs 4,000-5,000 crore because the security pledged with the banks is less than o...
- Banks delay Winsome's Rs 2,500-crore loan recastRs 2,500-crore loan restructuring pending forensic report amid fears that the account may turn out to be another Kingfisher Airlines with n...
- Troubled Winsome Diamonds' lenders say loan recast possibleTwo of the lenders to troubled Winsome Diamonds said they are not averse to restructure their Rs 6K-cr loans, including Rs 4K-cr LCs encash...
- Lenders form consortium to recover Rs 4000 crore SBLCs loss to WinsomeThe core group includes PNB, Bank of India, Central Bank of India and Canara Bank, according to a bank official.
- Indian lenders take Rs 4000 crore hit on Mumbai based jeweller WinsomeIndian banks have forked out well over Rs 4,000 cr to int'l bullion banks on behalf of Winsome but are unsure whether the money can be salv...
- Indian banks send team to verify Winsome's defaulting 'overseas buyers'The banks want to verify Winsome's claim that its inability to pay is due to financial difficulties faced by overseas customers.
- Gold crash causes collateral damage: Bullion banks invoke LCs worth Rs 4,000 cr on jeweller WinsomeInternational bullion banks likely to have invoked LCs worth more than Rs 4k cr after the jeweller Winsome failed to cough up a smaller amo...
- Jewellery stocks down since gold import duty hikeJewellery stocks have been on the backfoot ever since the Budget 2012-13 announced measures to discourage gold imports that have added sign...
- Union Budget levies take sheen off jewellery stocks; analysts say long-term outlook remains buoyantJewellery company stocks have been hit hard by a slew of measures proposed in the Union Budget for the current fiscal year to rein in gold ...
- Jewellers look to tap market while going is goodBuoyed by rising income and aspirational levels of consumers, jewellery companies are turning to the perky stock market to fund their expan...
- Sales of premium jewellery shoot through the roofThe Rs 20,000-crore Indian diamond jewellery industry is getting a big push from the high-spenders. Demand for high-end diamond jewellery, ...
- Jewellery cos mull listing on soaring gold demand“These companies would like to cash in on the improving (stock) market sentiment, and increasing consumer demand and confidence,” said Vira...
- Suraj Diamonds poised to touch Rs 100: VenturaBharat Gala, senior technical analyst, Ventura Securities is of the view that Suraj Diamonds has the potential to touch Rs 100 levels.
- Jewellers smile as sales zip despite soaring gold priceIndia shows no signs of slowdown in purchases.
- Jewellery exporters erase gains post BudgetShares of jewellery exporters reversed gains as the interim budget did not offer any sops for the sector as expected.
- Gems & jewellery cos are improving marginsGems & jewellery companies are changing their business strategies to move up the value chain and improve margins. Moreover, exposure to the...
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