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Showing posts with the label exports

Sagar Diamonds to enter capital market

Sagar Diamonds Limited , an ISO 9001 The issue opens on Thursday and closes on Monday. Gretex Corporate Services Private Limited is the sole lead manager to the issue and Bigshare Services Private Limited is the registrar to the issue. The proceeds of the issue will be utilized for working capital requirements, general corporate purposes and issue expenses. The company is planning to import the raw diamond and convert into the polished diamond. The company exports to Hong Kong, Europe and so on. The gems and jewellery sector plays a significant role in Indian economy. It is one of the fastest growing sectors. The government has recently undertaken various measures to promote investments and to upgrade technology and skills to promote 'Brand India' in the international market. India's gems and jewellery exports jumped by 8.95 per cent for financial year 2016-17 on recovery in demand from the United States (US), Hong Kong and the United Arab Emirates (UA...

Macro troubles: Why the Indian economy faces an ominous New Year in 2018

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Just as growth appears to be no longer a pressing problem, another familiar threat has reappeared: India's macroeconomic numbers don't look quite as stable as they should. LATEST NEWS :   You’d think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions -- Prime Minister Narendra Modi ’s decision just over a year ago to withdraw 86 percent of the currency in circulation, and the poorly-planned rollout in the middle of 2017 of a new goods-and-services tax. Exports are no longer declining, as they had for several quarters; indeed, for the last month that data is available, they rose 30 percent. The Purchasing Managers’ Index expanded the fastest it has in five years. At least one international ratings agency has upgraded India’s credit rating. Most importantly, growth sped up last quarter for the first time since early 2016. There’s every reason to think it’ll bounce back towards the 7-7.5 percent range shortly. ...