Indian jewellers gear up for next festival as gold sales pick pace

BENGALURU/MUMBAI (Reuters) – Healthy sales during a recent festival encouraged Indian jewellers to continue stocking up this week, while more supply started to make its way into Singapore and Hong Kong as dealers navigate around COVID-19-led bottlenecks. People buy gold on the occasion of the Dussehra at a jewelry shop in Dadar, Mumbai. Photograph: More...

by Ila Choudhary | Published 1 day ago
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By Ila Choudhary On Thursday, October 29th, 2020
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India’s gold demand could recover during fourth quarter on festival shopping – World Gold Council

MUMBAI (Reuters) – India’s gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World More...

By Ila Choudhary On Tuesday, October 27th, 2020
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India sees pick up in consumer demand during festival season: FM

NEW DELHI (Reuters) – Finance Minister Nirmala Sitharaman on Tuesday said that demand for consumer goods has picked up during the festival season, which runs from October to March, and could help revive the More...

By Ila Choudhary On Tuesday, October 27th, 2020
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FM sees GDP growth in negative zone or near zero in current fiscal

New Delhi, Oct 27 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in negative zone or near zero in the current fiscal. FM Nirmala More...

By Ila Choudhary On Tuesday, October 27th, 2020
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RBI asks lending institutions to implement waiver of interest on interest scheme

Mumbai, Oct 27 (PTI) The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for loans up to Rs 2 crore for the six More...

By Ila Choudhary On Sunday, October 25th, 2020
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RBI Guv Das tests positive for COVID-19; to continue work from isolation

New Delhi, Oct 25 (PTI) Reserve Bank of India Governor Shaktikanta Das on Sunday said he has been tested positive for COVID-19 and will continue to work from isolation. Das said he is asymptomatic and has alerted More...

By Ila Choudhary On Saturday, October 24th, 2020
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Diwali gift to borrowers: Govt waives interest on interest for loans up to Rs 2 cr

New Delhi, Oct 24 (PTI) In a relief to borrowers at the onset of the festive season, the government on late Friday night announced waiver of interest on interest for loans up to Rs 2 crore irrespective of whether More...

By Ila Choudhary On Thursday, October 22nd, 2020
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Financial, physical health top stressors amid COVID-19: Study

Bengaluru, Oct 22 (PTI): Financial and physical health has emerged as the top stressor for Indians ahead of relationship and family amid the COVID-19, according to a survey. Amid the pandemic, Indians have been More...

By Ila Choudhary On Thursday, October 22nd, 2020
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Despite coronavirus, Indian traders stock up in hopes of festive cheer

JAIPUR/NEW DELHI, India (Reuters) – Indian businesses are stocking up more ahead of this year’s big festival season than at any time in the last five years, expecting people whose earnings were relatively More...

By Ila Choudhary On Wednesday, October 21st, 2020
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India at doorstep of economic revival, says RBI Governor

New Delhi, Oct 21 (PTI) Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central More...