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About 24 results for "gems jewellery export promotion council"

PNB fraud: Jewellery export body for uniform lending rules at all banks
Business Standard

Gem and Jewellery Export Promotion Council shows its willingne...

Gem and Jewellery Export Promotion Council has showed its willingness to suspend Nirav Modi and Mehul Choksi from the council if they fail to respond to their notices in the 12,000-crore rupee PNB fraud by Friday. News on Air, 1 month ago

1 images for "gems jewellery export promotion council"

DNA, 1 month ago

India's first Gems, Jewellery park to come up in Navi Mumbai

Indias first gems and jewellery park is coming up at Navi Mumbai. In a matter of few years, the operations of Zaveri Bazaar in south Mumbai would be shifted to the gems and jewellery park. It would be called India Jewellery Park Mumbai and would come up at ...
 Deccan Herald2 months ago
Business Standard

Skill development centre set up at gems & jewellery institute

The Gem Jewellery Export Promotion Council (GJEPC) today opened a development centre to train students in latest technology and upgrade skills of artisans who are already part of the industry.The 'Skill Development Centre' has come up at the Indian Institute ...
 Business Standard2 months ago

'Exports from SEZs up 18 pc in Feb'

Exports from special economic zones (SEZs) grew 18 per cent in February to Rs 22,364 crore as compared to the year-ago month, EPCES today said.EPCES said the major sectors recording healthy growth include chemicals, pharmaceuticals, electronics, engineering, ...
 Business Standard4 weeks ago
Business Standard

Little exposure to Gitanjali Gems, none to Nirav Modi: IndusInd Bank

Private sector lender IndusInd Bank today said it has no direct or indirect credit exposures to Nirav Modi with regards to the LoUs issued by the scam-hit Punjab National Bank.The bank, however, added that it has a "small, two-digit exposure" to Gitanjali ...
 Business Standard2 months ago IndusInd Bank exposure to Gitanjali Gems in 'small' 2-digits  Business Standard2 months ago How the Nirav Modi show manages to go on  Rediff.com2 months ago

India stares at trade war as Trump readies reciprocal tax

$5-billion worth of pharma exports would be in a tough place if tariffs are revised upwards. Trump signed two proclamations that levied 25% tariff on steel and 10% on aluminium. Illustration: Uttam Ghosh/ India is gearing up for a tough fight following America’s repeated threat of imposing a “reciprocal tax” on countries with which it has a trade deficit.   “We will oppose such a move on the basis of the principles involved,” a senior commerce ...
 Rediff.com1 month ago

As loans become scarce, jewellers face working capital crunch

Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal. Jewellery manufacturers and retailers have started facing a working capital squeeze, due to intensified scrutiny of the sector from banks, with multiple numbers of officials needed now to sanction loans.   This follows the Rs 12,700-crore Punjab National Bank scam, involving Nirav Modi and Nehul Choksi’s Gitanjali Gems. The new caution on loan disbursal apart, ...
 Rediff.com1 month ago

'Diamond trade continues to be money-laundering conduit'

The spotlight is back on the hawala trade in diamonds. IMAGE: India exports polished diamonds worth around $35 billion a year. It is the biggest processor of rough diamonds. Finished diamonds, like this masterpiece at Sotheby's auction house, could well have come from India. Photograph: Hannah McKay/Reuters. With the diamond industry going through a rough patch and two of its big names -- Mehul Choksi and Nirav Modi -- accused of fraudulent activities, the issue of illegitimate channels such as ...
 Rediff.com2 months ago De Beers chief on the future of diamond trade in India  Rediff.com5 days ago Why family matters so much in India's diamond trade  Rediff.com1 month ago

PNB fraud: More heads to roll in the jewellery sector

Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks The fraud at Punjab National Bank (PNB) is creating ripple effects in the gems and jewellery sector, and could lead to tighter regulations.   Sources said the rising stress in the industry would mean a few more casualties in the next few quarters. Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks, according to ...
 Rediff.com2 months ago
Money Control

Jewellery sector foresees #39;ripple effects#39; post PNB fraud case

"Some ripple effects are bound to be there and it will have a psychological impact in the minds of lenders. This could impact credit flow to the industry or create delay in extending advances," Gem and Jewellery Export Promotion Council-Eastern Region ...
 Money Control2 months ago
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