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Tag: jewellery

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

PN Gadgil Jewellers raises INR 330 Cr from anchor investors ahead of IPO

PN Gadgil Jewellers has secured INR 330 crore from anchor investors by issuing 68.74 lakh shares to 25 anchor investors ahead of the issue's...

Budget import duty cut to boost gold jewellery retailers’ revenues by 22-25% this fiscal: CRISIL Report

A CRISIL Ratings analysis of 58 gold jewellery retailers, representing a third of the organised jewellery sector's revenue, indicates that revenues for organised gold...

Malabar Gold & Diamonds to open 20 new showrooms in October

Indian jewellery brand Malabar Gold & Diamonds plans to open 20 new showrooms in October across India, the GCC, and the USA, boosting its...

CaratLane CEO Avnish Anand steps down after nine years with the company

Avnish Anand, co-founder, Managing Director, and CEO of Tata-owned omnichannel jewellery startup CaratLane, has stepped down after a nine-year tenure with the company. In a...

Reliance Retail expects 2x growth in revenues and EBITDA over the next 3-4 years

Reliance, India's largest retailer, plans to double its revenues and EBITDA within the next 3-4 years. The company is also set to grow its...

India sees surge in diamond purchases as prices for solitaires drop

Indians are increasingly buying diamonds, spurred by a drop in solitaire prices since last Diwali. Jewellers are optimistic about strong sales of solitaires in...

D2C brand Metaman secures funding from KL Rahul to launch new perfume range

D2C men’s lifestyle brand Metaman has secured additional funding from cricketer and existing investor KL Rahul to launch its new perfume range. In addition to...

CaratLane’s FY24 revenue crosses INR 3,000 Cr, profit drops 5% to INR 79 Cr

Tata-owned omnichannel jewellery startup CaratLane's operating revenue surpassed INR 3,000 crore in FY24. The company's revenue from operations increased by 41% to INR 3,080...

Amazon India set to revise seller fees, reducing commissions by up to 12%

E-commerce giant Amazon India is set to revise its seller fee structures from September 9, cutting commissions in various categories as the festive season...

Gem and jewellery exports fall 23.28% to USD 1,665.4 Million in July: GJEPC

The overall gem and jewellery exports saw a 23.28% year-on-year decline in July, dropping to USD 1,665.4 million, due to weakened consumer demand amid...

Jewellery retailer Joyalukkas to open 60 new stores in 3 years, drops IPO plans

Joyalukkas, a leading jeweller, plans to open 60 new stores over the next three years, mainly outside the southern states. The mo͏ve ͏aims to boost...

PE firm Warburg Pincus offloads 6.45% stake in Kalyan Jewellers for INR 3,584 Cr

Private equity giant Warburg Pincus has divested a 6.45% stake in jewellery retailer Kalyan Jewellers for INR 3,584 crore through open market transactions. Meanwhile,...

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