The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry. Similarly, for silver jewellery, it has been raised to Rs 4,332.2 per kilogram, from Rs 3,254. "This notification shall come into effect from November 16, 2019," the notification has said.
The salon was launched by Vineet Jain, managing director – the Times Group, along with, three-time National Award-winning actress, Kangana Ranaut. He further added that the entry into the beauty segment is in line with the group’s philosophy of continuing to invest in newer and future growth opportunities.
Mumbai, November 13th 2019 – Bennett, Coleman & Co. Ltd., The Times of India Group , one of India’s leading multimedia companies, today forayed into beauty...
Amway India on Tuesday introduced new products in its global premium beauty brand Artistry, expects a double-digit growth in the segment. The FMCG major is expecting its beauty segment to contribute around 20% to overall revenue in the next five years. Amway is also investing in its online platform, which the company believes will get up to 40 to 50% of sales.
The exports stood at Rs 26,010.87 crore in October 2018, according to data given by the Gems and Jewellery Export Promotion Council. The decline in exports is mainly due to a decline in demand in the main export markets following the US-China trade war, protests in Hong Kong and the implementation of VAT in the Middle East, GJEPC added.
The Paris-based luxury perfume company, which originally began as a tailoring house in England in 1760s, will have two outlets here in the coming year. Erwin Creed, the company's seventh generation perfumer and owner said that the company is focusing on the Asia and Middle-Eastern markets in a big way but will only expand here gradually.
Commenting on this new association, RSH Global chairman Sunil Agarwal said: “Winters are extremely important for any personal care company and we’re no different. Honey & Almonds body lotion is our flagship product. It was a well thought out move to get Kriti Sanon on board.
The gold schemes are managed by suburban Mumbai-based Rasiklal Sankalchand Jewellers. Rating agency Brickwork Ratings revised the jewellers bank loan facilities of Rs 105 crore downward to BWR BB Plus from BWR triple B recently citing non-cooperation of the issuer.
India Bullion and Jewellers Association (IBJA) has sought legal opinion on its franchise agreement with IBJA Gold Pvt Ltd. Under a franchise agreement in 2015, IBJA lent its brand-name and logo to the company in exchange for a non-refundable deposit and 10% equity in it, said an India Bullion and Jewellers Association official.
Groceries and restaurants are the standout categories of segments that witnessed an increase in average spends of 11 per cent and 32 per cent, respectively, in 2019 festivities, the company said.
Louis Vuitton owner LVMH has approached Tiffany & Co with a $14.5 billion acquisition offer. LVMH, which has for years been looking for ways to expand its market share, submitted a preliminary, non-binding offer to Tiffany earlier this month.
The phenomenon of mini-sized versions has been gaining ground in high-end cosmetic products in India. Cos say the trickle of selling beauty products in mini size is now becoming a flood and brands are cashing in on the millions of Indians.
