Senco Gold Ltd reported a net profit of Rs 51.27 crore for Q1 FY24, up 85.4%. Revenue grew 7.5% YoY to Rs 1,403.89 crore. Customs duty reduction on gold impacts inventory valuation.

Jewellery stocks surged after the Indian government reduced basic customs duty on gold and silver to 6%. Senco Gold, Rajesh Exports, and PC Jeweller saw significant gains.

SAIF Partners has sold a 5.8% stake in Senco Gold for Rs 433 crore. The shares were disposed of at an average price of Rs 960.02 apiece. SAIF Partners' shareholding in Senco Gold declined to 4.97%...

Senco Gold aims for 15-20% revenue and profit growth in FY'25 despite rising gold prices. The company plans to open 15-20 new stores, with a focus on expansion in the west and south.

Malabar Gold & Diamonds, Titan, Kalyan Jewellers and more Indian brands make the global top 100 luxury goods list. Learn about their ranking and the growth of India's luxury market.

Kerala Minister P Rajeeve highlights the state's conducive ecosystem for the medical devices industry, citing a world-class healthcare system and investment opportunities.

Singapore government, Monetary Authority of Singapore and Goldman Sachs increased their stakes in PNB Housing Finance for Rs 178 crore through open market transactions. Read more.

Embraer, a Brazilian aircraft maker, is seeking suppliers from India for its defense, commercial aviation, and executive jet businesses. The company is looking to expand its supply chain into...

NSE issues a warning against fraudulent activities by an unregistered entity, Lazard Asset Management India, operating a WhatsApp group luring investors with discounted share offers. Sebi advises...

India's Road Transport Secretary calls for scrapping pre-BS era vehicles due to pollution and safety concerns, highlighting the need for a scrapping policy focused on pollution levels.

Kerala Minister P Rajeeve highlights the state's conducive ecosystem for the medical devices industry, citing a world-class healthcare system and investment opportunities.

Singapore government, Monetary Authority of Singapore and Goldman Sachs increased their stakes in PNB Housing Finance for Rs 178 crore through open market transactions. Read more.

Embraer, a Brazilian aircraft maker, is seeking suppliers from India for its defense, commercial aviation, and executive jet businesses. The company is looking to expand its supply chain into...

NSE issues a warning against fraudulent activities by an unregistered entity, Lazard Asset Management India, operating a WhatsApp group luring investors with discounted share offers. Sebi advises...

India's Road Transport Secretary calls for scrapping pre-BS era vehicles due to pollution and safety concerns, highlighting the need for a scrapping policy focused on pollution levels.