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Jewellers strike enters 34th day against excise duty

A large number of jewellery establishments in the country remained shut for the 34th day today to protest against one per cent excise duty on non-silver jewellery.

India's February gold imports drop 34%

India`s gold imports in February fell 34 percent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away.

Govt to walk extra mile to see jewellers are not harassed: FM

Govt to walk extra mile to see jewellers are not harassed: FM

As the jewellers' strike against levy of excise duty entered fourth week, Finance Minister Arun Jaitley today offered to walk the extra mile to ensure that small traders were not harassed but made it plain that luxury items cannot go untaxed.

Rajesh Exports Q4 Net profit up three-fold to Rs 205 cr

Shares of the company were trading at Rs 230.20 apiece on the BSE, up 0.79 percent during afternoon session.

Muthoot Fincorp plans gold recycling centres across country

Muthoot will be approaching the government seeking permission for private players to do hallmarking and recycling as the 350 BIS-authorised hallmarking centres cannot take the load if the scheme becomes a success.

Gold rises on global cues; silver weakens on reduced offtake

Globally, gold edged higher by 0.19% to USD 1,225.80 an ounce in New York in yesterday's trade.

Costume jewellery to touch Rs 11,000 cr by 2014: Experts

With gold ruling at Rs 32,000 per 10 grams, the demand for costume jewellery is growing and is expected to touch Rs 11,000 crore by 2014, say experts.

Will investments in jewellery companies sparkle ?

Branded players will benefit from this rising demand. However, while revenues will increase, competition from the existing "family jeweller", as well as other branded jewellers, will exert pressure on their profit margins.