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.

Truckers in Colombia are blocking highways in protest of diesel fuel price increases. The government plans to eliminate subsidies to reduce the budget deficit.

Bihar's industrial growth is evident in the rising number of CTE 'CTO applications received by the BSPCB, signaling investor confidence and a favorable business environment.

Pakistan's Finance Minister calls on traders to pay taxes to stabilize the economy, urging them to contribute to revenue collection. He highlights the need to increase the tax-to-GDP ratio for...

India's Cooperation Secretary announces the completion of digitization of all Primary Agricultural Credit Societies (PACS) by the end of this year or January 2025, aimed at improving efficiency and...

Microsoft plans to sign an MoU with Karnataka to enhance skills in Generative AI and other emerging technologies, as announced by Minister M B Patil.

Truckers in Colombia are blocking highways in protest of diesel fuel price increases. The government plans to eliminate subsidies to reduce the budget deficit.

Bihar's industrial growth is evident in the rising number of CTE 'CTO applications received by the BSPCB, signaling investor confidence and a favorable business environment.

Pakistan's Finance Minister calls on traders to pay taxes to stabilize the economy, urging them to contribute to revenue collection. He highlights the need to increase the tax-to-GDP ratio for...

India's Cooperation Secretary announces the completion of digitization of all Primary Agricultural Credit Societies (PACS) by the end of this year or January 2025, aimed at improving efficiency and...

Microsoft plans to sign an MoU with Karnataka to enhance skills in Generative AI and other emerging technologies, as announced by Minister M B Patil.