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.

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.

Raymond Lifestyle will be listed on the stock exchanges on September 5 and plans to add 900 new outlets in three years. The company aims for 15% CAGR in the men's-wear wedding market.

Report highlights obstacles to climate-smart agriculture financing in India, including risk perception, lack of incentives and unclear guidelines. Solutions include dedicated funds, blended finance...

AirKerala.com, the upcoming ultra low-cost carrier by Zett Fly Aviation, has appointed Harish Moideen Kutty as CEO. Kutty brings extensive experience from carriers like SpiceJet and SalamAir.

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.

Raymond Lifestyle will be listed on the stock exchanges on September 5 and plans to add 900 new outlets in three years. The company aims for 15% CAGR in the men's-wear wedding market.

Report highlights obstacles to climate-smart agriculture financing in India, including risk perception, lack of incentives and unclear guidelines. Solutions include dedicated funds, blended finance...

Infopark, Kerala's IT hub, reports a record 24.28% growth in exports, reaching Rs 11,417 crore in 2023-24, driven by pandemic-induced digitization.