News Muncher - searching for consumer

10 months, 3 weeks ago

Top Gainers and Losers today on 31 January, 2024: Dr Reddys Laboratories, Eicher Motors, Larsen & Toubro, Titan Company among most active stocks; Check full list here

The Nifty closed at 21522.1, up by 0.95% on the trading day. When looking at the returns of the Nifty 50 over different time periods, it has shown the following performance: - In the last 1 week, it has given a return of 1.28%. The top gainers in the Nifty index were Dr Reddys Laboratories, Eicher Motors, Sun Pharmaceutical Industries, …

India Nifty Eicher Motors Tata Motors Motors Gainers Top Gainers

1 year, 9 months ago

Gold jewellers in a fix over Centre’s new directive on hallmarking

The Hindu

Jewellers are in a fix over a new directive from the Ministry of Consumer Affairs to shift all gold ornaments sold in the State to six-digit Alphanumeric numbers by April 1, 2023. All Kerala Gold and Silver Merchants’ Association State treasurer S. Abdul Nassar said that the new stipulation had landed jewellers in serious trouble as it would be difficult …

Jewellery Nassar Jewellers Gold Ornaments Uid Hallmarking

1 year, 9 months ago

In India, ban on sale of gold without hallmark from 1 April: What is this tag and why does it matter?

Firstpost

Indians love all things shiny and bright. Nidhi Khare, additional secretary, department of consumer affairs, said, “In consumer interest, it has been decided that after 31st March 2023, sale of gold jewellery and gold artefacts hallmarked without HUID shall not be permitted.” Earlier, the HUID would be in four digits. So whenever you buy any gold jewellery, make sure to …

India Consumer Indian Jewellery Gold Number Piece

2 years, 2 months ago

Diwali 2022: Jewellers cautiously optimistic this Dhanteras; expect business at par with last year level

Firstpost

Mumbai: With the Dhanteras around the corner, the jewellery industry is cautiously optimistic about the demand, mainly due to the exceptionally high base last year, inflation worries and the overall rising cost of living. “Postponed weddings and revenge purchases last year boosted demand with sales crossing the pre-pandemic levels,” All India Gem And Jewellery Domestic Council chairman Ashish Pethe told …

India Consumer Industry Positive Jewellery Dhanteras Gold

3 years ago

Explained | How is hallmarking being implemented?

The Hindu

The story so far : The Government of India has made hallmarking of gold jewellery mandatory in the country. With an aim to bring transparency in the jewellery trade and increase trust among consumers, the Government has also made it mandatory for the introduction of a Hallmark Unique Identification number in every piece of jewellery. Jewellers’ trade bodies, however, say …

India Trade Jewellery Gold Piece Gold Jewellery Each Piece

3 years, 4 months ago

Brands roll out offers as Onam kick-starts festival season

Live Mint

NEW DELHI: Companies across consumer goods categories, especially electronics and jewellery, said they expect the festive season this year to be better than in 2019—in tandem with a retreating pandemic and unhindered by the job cuts and lockdown of 2020. Brands such as Vivo, Kalyan Jewellers, Malabar Gold and Diamonds and Haier Appliances India have launched festive campaigns for Onam—which …

India Kerala Onam Sales Festive Season Emi

3 years, 6 months ago

EXPLAINED: What Is Gold Hallmarking, Why Has It Been Made Compulsory In India And How It Affects You

News 18

Jewellers in India from now on can only sell gold of 14, 18 and 22 carats and gold items have to be compulsorily hallmarked after new rules to that effect kicked in on June 16, initially covering 256 selected districts. According to the World Gold Council, dating back to the era of King Louis IX of France and Edward I …

India Gold Jewellers Gold Jewellery Bis Hallmarking Centre Gold Items

3 years, 6 months ago

Govt makes gold hallmarking mandatory: What it means

Hindustan Times

The central government on Wednesday announced that it has made hallmarking of gold mandatory. Pramod Kumar Tiwari, Director General, Bureau of Indian Standards addressed a digital press conference on Wednesday where he said that hallmark shall be done at the first point of sale which may be manufacturer, whole-seller, distributor or retailer. "We welcome the government’s decision to implement mandatory …

Bis Govt Makes

3 years, 7 months ago

Akshaya Tritiya begins on sombre note; jewellers expect 10-15 pc sales

India TV News

Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment. He said, jewellers are expecting only 10-15 per cent sales this Akshaya Tritiya in places where the lockdown is …

India Sales Covid Last Year Jewellers Akshaya Tritiya

3 years, 8 months ago

India's Gold Imports Surged 471% to a Record 160 Tonnes in March: Report

News 18

India’s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% …

India Gold Imports Import Gold Imports

4 years ago

2021 is shaping up to be a strong year for IPOs