NEWS

Hari Krishna Exports hosted Marathon 2019

Hari Krishna Exports hosted Marathon 2019

Hari Krishna Exports Pvt Ltd, India’s leading manufacturer of cut and polished diamonds hosted a marathon on 6th January 2019 at BKC, Mumbai. The aim of this event was to promote the noble cause of ‘Swachh Bharat Abhiyan’.  With its 4th edition of marathon, the company successfully registered 5,500 runners. Mr. Ajit Pal Nandal, former hockey player of India and Mr. Ashish Heliwal Add. Commissioner, Income Tax, flagged off the race flagged off the race.

 

The chief guests present at the marathon were Mr. Kirit Somaiya, Member of Parliament, Lok Sabha, North East Mumbai, Mr. Girish Agarwal, Director of Divya Bhaskar Group (D.B. Corp Ltd.)

 


Relaxing Lending Norms to MSMEs

Relaxing Lending Norms to MSMEs

An online lending portal www.psbloansin59minutes.com  with majority ownership of 6 Public Sector Banks (PSBs)/ Financial Institutions (FIs) along with their associated companies, has been launched which facilitates in principle approval for loans to Micro Small and Medium Enterprises (MSMEs) upto Rs.1 crore within 59 minutes from PSBs.

 

Key features of the portal, inter-alia include enabling borrowers to connect with multiple banks without visiting the branch, financial technology (FinTech) based architecture with high level of information security, analysis of data from various data points, loan products in line with scoring models and assessment methods within approved credit policies, prima facie eligibility check for credit guarantee from CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), etc.

 


Now Kristina MD of DPA North American division

Now Kristina MD of DPA North American division

The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, announces the appointment of Kristina Buckley Kayel as Managing Director of its North American division.

 

Ms. Buckley Kayel, who assumes her new role on February 4, 2019, will be responsible for developing and implementing the DPA’s consumer marketing and communications strategy, with a focus upon the “Real is Rare. Real is a Diamond.” platform, as well as represent the DPA in local trades and organizations within North America. She will report directly to Jean-Marc Lieberherr, the Chief Executive Officer of the DPA.

 


Global Commodity Outlook, Dubai

Global Commodity Outlook, Dubai

Richcomm Global Services and Dubai Multi Commodities Centre (DMCC) announce Global Commodity Outlook Conference VI on 10 February 2019 at Almas Conference Center, Dubai from the Investing in Commodity and Alternative Assets perspective!

 

Commodity traders, fund managers, chief investment officers, investment consultants, family offices, high net individuals and industry players who want to understand the trading and investment opportunities in commodity markets are being invited.

 


Industrial demand to drive robust growth of Silver

Industrial demand to drive robust growth of Silver

Silver’s use in industrial applications, accounting for approximately 60% of total silver demand in 2018, is forecast to see a modest decline this year of 1.8% reaching 585.4 Moz, according to the GFMS / Silver Institute Interim Silver Market Review, which includes provisional supply and demand forecasts for 2018. The interim review was released in November at the Institute’s Annual Silver Industry Dinner in New York City.

 

Demand for electronic and electrical applications is forecast to continue to drive robust growth, forecast to expand by 2.8% to 249.6 Moz in 2018. A general rise in electrical equipment has spurred the need for silver-coated circuity, wires and switches from a variety of end uses. Following the increased electrification of powertrains, the automotive sector is taking a lead in this development.

 


Release the American Eagle on January 10

Release the American Eagle on January 10

The United States Mint (Mint) will release the 2019 American Eagle One Ounce Silver Proof Coin (product code 19EA) on January 10, at noon (EST). The coin is priced at $55.95.

 

This exquisite coin is struck on 99.9 percent fine silver blanks at the Mint’s West Point facility, where it is encapsulated and mounted in a satin-lined blue velvet presentation case with a Certificate of Authenticity.

The obverse (heads) design features renowned sculptor Adolph A. Weinman’s full-length figure of Liberty in full stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left.


Perth Mint announces 1oz Silver Proof Coin

Perth Mint announces 1oz Silver Proof Coin

Barbie has been an international sensation since she first strode onto the world stage in 1959 wearing a striped black and white swimsuit. Encouraging girls to reach for their dreams, Barbie has become synonymous with inspiration, inclusion and diversity. Over the past 60 years she has embraced more than 200 professions, countless fashion combinations and a range of different body types, skin tones and hairstyles.

 

Sixty years after Barbie has become one of the best-selling toys and collectables of all time thanks to her ever-expanding wardrobe, range of professions and entourage of friends. Perfect for fans of all ages, this superb 1oz coloured coin marks Barbie's 60th birthday with a representation of the icon in her original swimsuit.

 


Government realized about Rs 80K crores under IBC

Government realized about Rs 80K crores under IBC

According to inked by the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley entitled “Two years of insolvency and Bankruptcy Code (IBC)”, the Congress left behind the legacy of an anachronic system of resolving commercial insolvency.  The Companies Act had a provision of winding up a company if it is unable to pay its debt. 

 

Additionally, the Congress Government had enacted the SICA in the decade of 1980s for rehabilitation of sick companies.  This applied to companies whose net worth has become negative.  The law proved to be an utter failure.  Law carried out rehabilitation; several sick companies got a protective iron curtain against creditors.

 


340 reforms on EoDB in a year

340 reforms on EoDB in a year

Sixteen States have implemented 75% or more of the 340 reforms based on Implementation Score in Business Reform Action Plan 2016.In Business Reform Action Plan 2017-18, 18 States have achieved a combined score (Reform evidence score and Feedback score) of more than 75%.

 

In the row of top achievers who undertakes reforms over 95% are, 1: Andhra Pradesh-98.30, 2: Telangana-98.28, 3: Haryana-98.06. Gujarat is on number 5 with 97.99. Maharashtra is not in the list of top 10. It attained 13 places with reform implementation of 92.88%.

 



US-China to talk trade on 7

US-China to talk trade on 7

Washington will send a team of trade negotiators to Beijing in the week of January 7, to hold trade talks with Chinese officials, said CER. The delegation will be headed by Deputy US Trade Representative Jeffrey Gerrish, and will also include Treasury Under Secretary for International Affairs David Malpass, according to the sources.

 

The meeting will be the first face-to-face meeting between the two countries since Presidents Xi and Trump agreed to a 90-day trade truce during the G20 summit in Argentina last month. Despite some viewing the renewed talks as another sign of progress following gestures by Beijing to address US concerns over auto tariffs and intellectual property, others are sceptical that the truce period will yield any major breakthroughs.

 


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