of Casting & Handmade
set with Swarovski Zirconia
Gold branding partner of Swarovski Gemstones, believes business are built on
relationships. RKR Gold recently associated with one of the long standing
industrial phenomenon of the Chennai jewellery fraternity, Kalash Jewels. RKR
Gold appointed Kalash Jewels as their Authorized distributor of Casting &
Handmade jewellery set with Swarovski Zirconia.
founder Mr Sukdev Patankar and his sons Mr Pradeep Patankar & Mr Suhas
Patankar have been in the Gold refinery business for the past 3 decades and
accumulated the title of being one of the best Refinery units in all of Tamil
Nadu. With a large base of clients from the refinery business, the Patankar
family have embarked their new journey into Jewellery Wholesale and wanted to
relate to a well know brand of the market to keep up with their established
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the tenth sales cycle of 2018.
Cleaver, CEO, De Beers Group, said: “De Beers Group’s rough diamond sales during
the final cycle of the year continued to be in line with expectation ahead of
the all-important retail selling season as cutting and polishing factories in
India restarted their operations following the Diwali holiday.”
Ratings and Research (Ind-Ra) estimates India’s total wireless data usage to
reach 13 exabytes/month by 2025 (5x of 1Q18 data usage). The existing
technology is inadequate to meet such high data demand; therefore, a judicious
mix of fiberisation and 5G roll-out will be required.
can formulate its own customised 5G or 4G+ technology than adopting global
standards for 5G in toto to focus on improving user experience or cater to
evolving enterprise requirement, while avoiding critical applications requiring
Silver reported that Aztec Minerals announced high gold recoveries were
achieved by cyanide leach analysis of five drill holes from the California
porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico.
recoveries by cyanide leach analysis include 87% gold and 45% silver recovery
over 98 meters in hole 18CER007, 84% gold and 54% silver over 106 meters in
18CER006, and 84% gold and 49% silver over 93.5 meters in hole 17CER003. Silver
recoveries around 50% are considered normal for most oxide gold deposits, as
silver has slower leach kinetics compared to gold.
Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC (FXCM Group or
FXCM), a leading international provider of online foreign exchange trading, CFD
trading, bitcoin and related services, announced the signing of a Memorandum of
Understanding (MoU), agreeing to collaborate on launching new and innovative FX
products on the DGCX.
Male, Chief Executive Officer of DGCX, stated: “It is our aim to ensure that we
continue to offer our members and market participants truly innovative
contracts, backed by our state of the art technology and Clearing House. These
contracts must appeal to not only our international participants but also to
local banks and trading houses too. This MOU with FXCM is the first step in
developing ever more pioneering contracts contributing to the DGCX’s global
offerings allowing us to cross-pollinate each other’s diverse client base.”
ongoing Narendra Modi Government has initiated formulation of laws to secure
prudential banking and help effect a culture of credit discipline.
and Bankruptcy Code, 2016 (IBC) has been enacted to create a unified framework
for resolving insolvency and bankruptcy matters. IBC, by adopting a
creditor-in-saddle approach, with the interim resolution professional taking
over management of affairs of corporate debtor at the outset, coupled with
debarment of wilful defaulters and persons associated with NPA accounts from
the resolution process, has effected a fundamental change in the
has furnished inputs with respect to its instructions to the banks to bring
changes as per its new guidelines to strengthen their monitoring mechanism.
Circular of confidential nature was issued by RBI to all the banks in February
2018 to implement security and operational controls such as Straight-Through
Process (STP) between CBS/accounting system and SWIFT messaging system, enable
time-based restrictions in SWIFT, review logs at regular intervals, undertake
reconciliation, etc in a time bound manner, and the banks were also advised
that in case of non-compliance RBI may take enforcement action against them.
Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle
Office), Budget Division, Department of Economic Affairs, Ministry of Finance
has been bringing out a quarterly report on debt management on a regular basis.
The current report pertains to the quarter Jul-Sept 2018 (Q2 FY 2019).
Q2 of FY19, the Central Government issued dated securities worth `₹ 1,44,000 crore
as against ₹1,89,000 crore
in Q2 of FY18.
weighted average maturity (WAM) of new issuances stood at 15.04 years in Q2 of
FY 19 (14.58 years in Q2 of FY 18). The weighted average yield (WAY) of
issuances for the same quarter was 8.01 per cent compared to 6.76 per cent in
Q2 of FY 18. The temporary cash flow mismatches were bridged through issuance
of Cash Management Bills amounting to ₹20,000 crore during the quarter. The net
average liquidity injection by RBI under Liquidity Adjustment Facility (LAF)
including MSF was ₹16,097.2
crore during the quarter.
per the Economic Survey 2017-18, the electronic commerce (e-commerce) market in
India is estimated at USD 33 billion, with a 19.1 percent growth rate in
2016-17. As per the National Association of Software and Services Companies
(NASSCOM) Strategic Review 2018, in the Information Technology and Business
Process Management (IT-BPM) sector in India, the Indian e-commerce market was
USD 33 billion in 2017-18 and reached USD 38.5 billion, growing at a rate of
about 17% in the financial year 2018-19.
per extant Foreign Direct Investment (FDI) policy, FDI up to 100% is permitted
under automatic route in companies engaged in e-commerce provided that such
company engaged only in Business to Business (B2B) e-commerce. Further, 100%
FDI under automatic route is permitted in marketplace model of e-commerce but
FDI is not permitted in inventory based model of e-commerce.
Beers Group announce, it has officially launched its education partnership with
the National Gemstone Testing Centre (NGTC), China’s leading authority in the
testing and inspection of gems and jewellery, extending the accessibility of De
Beers Group’s diamond education courses to students in China.
partnership, which was officially launched at the Beijing Jewellery Show in
China on 13 December, will provide a variety of diamond education courses,
supporting the needs of multiple groups across the diamond industry. Courses
will focus on a range of content, including:
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