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Expect 2011 to be better than 2010: Shree Ganesh Jewellery
In an interview with CNBC-TV18, Umesh Parekh, Managing Director of Shree Ganesh Jewellery, spoke about the latest happenings in his company and sector.
Source:http://www.moneycontrol.com/news/business/expect-2011-to-be-better-than-2010-shree-ganesh-jewellery_
12/29/2010 12:04:40 AM
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Gitanjali buys Italian firm
Gitanjali Gems on Tuesday informed the stock exchanges that it had acquired 90 per cent stake in Glantti Italia, a company based in Milan. It took the stake from its Dubai-based, wholly owned subsidiary, Gitanjali Ventures DMCC. Glantti Italia now becomes a direct subsidiary. "The acquisition is aimed at growth of the branded jewellery business overseas and gain the designing and branding concepts’ expertise from Italy," the company said in a release.
Source:http://www.sify.com/finance/gitanjali-buys-italian-firm-news-equity-km3b5safddf.html
12/29/2010 12:02:03 AM
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4-day jewellery show concludes
JAIPUR: The eighth edition of the Jaipur Jewellery Show turned out to be an extravaganza for the visitors and the jewellers across the world. The closing ceremony of the show was held at Rajmahal Palace Hotel on Monday, where tourism minister was present as the chief guest.
Source:http://timesofindia.indiatimes.com/city/jaipur/4-day-jewellery-show-concludes/articleshow/7175036.cm
12/29/2010 12:01:33 AM
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City’s gold war ignites
Harold “The Jewellery Buyer” Gerstel sifted through the charred remains of his store Tuesday, his hands black with ash. Two workmen hauled a massive fireproof safe through the back door.
Source:http://www.thestar.com/news/crime/article/913103--city-s-gold-war-ignites
12/29/2010 12:01:05 AM
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PE Majors in fray to invest $100 mn in Gitanjali Gems
PE Majors In Fray To Invest $100M In Gitanjali Gems - Gitanjali Gems Ltd. has planned a “restructured jewellery brand holding company”where it will divest 10% of equity to private equity (PE) investors, to raise $100 million. It is in talks with Blackstone, CX Partners, Bain, Apax and Advent for acquisition of stake. Mumbai-based branded jewellery manufacturer and retailer is being advised by KPMG on the restructuring. (Business Standard)
Source:http://www.moneycontrol.com/news/business/pe-majorsfray-to-invest-36100-mngitanjali-gems_508992.html
12/29/2010 12:00:16 AM
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India has above ground gold stocks worth $800 billion: WGC
BANGALORE: India owns over 18,000 tonnes of above ground gold stocks worth approximately $ 800 billion and representing at least 11 per cent of global stock, according to estimates of World Gold Council.
Source:http://economictimes.indiatimes.com/markets/commodities/India-has-above-ground-gold-stocks-worth-800
11/10/2010 10:20:59 PM
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Gold, silver tumble on profit-selling
MUMBAI: Precious metals eroded their overnight massive gains as speculators and traders resorted to profit-selling at the bullion market here today.
Source:http://economictimes.indiatimes.com/markets/commodities/Gold-silver-tumble-on-profit-selling/article
11/10/2010 10:20:24 PM
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Gold, silver slip from record levels on lower buying
NEW DELHI: Gold and silver prices fell in the national capital today on lower buying at existing higher levels amid weak global cues.
Source:http://economictimes.indiatimes.com/markets/commodities/Gold-silver-slip-from-record-levels-on-lower
11/10/2010 10:19:44 PM
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Silver slips from record, plunge 5.5 pc on profit booking
NEW DELHI: Amid profit-booking by speculators record levels and overnight losses in the global markets, silver failed to maintain its record high levels and prices tumbled by 5.5 per cent to Rs 40,525 per kg in futures trade today.
Source:http://economictimes.indiatimes.com/markets/commodities/Silver-slips-from-record-plunge-55-pc-on-pro
11/10/2010 10:18:42 PM
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Tirupati to pick & choose jewellery
Tirumala, Nov. 10: Humans have set the gold standard for the lord of riches — the Tirupati temple authorities have decided that Venkateswara will henceforth be decked out only in jewellery that meets specifications laid down by them.
Source:http://www.telegraphindia.com/1101111/jsp/frontpage/story_13163852.jsp
11/10/2010 10:15:49 PM
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Titan to make Nano jewel car
Chennai, Nov. 10: If Tatas don’t say it with Nano, then who else will? Goldplus, the jewellery division of Titan Industries has decided to come out with India’s first jewellery car, a Tata Nano embellished with gold designs.
Source:http://www.deccanchronicle.com/business/titan-make-nano-jewel-car-101
11/10/2010 10:15:10 PM
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FACTBOX-Gold exchange-traded funds mushroom in India
Nov 10 (Reuters) - Gold exchange-traded funds (ETF) may be new for India, but are gaining in popularity as investors become aware of the benefits of investing in gold in a non-material form as opposed to holding it as jewellery.
Source:http://af.reuters.com/article/metalsNews/idAFSGE67N08O20101110?pageNumber=2&virtualBrandChannel=0
11/10/2010 3:41:40 AM
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Deregulation set to lift China gold demand
SINGAPORE - Plans to free up China's gold market are likely to boost imports of the precious metal to satisfy investor demand, putting the Middle Kingdom on course to eclipse India as the top global consumer in a few years.
Source:http://business.asiaone.com/Business/News/Story/A1Story20101110-246618.html
11/10/2010 3:40:40 AM
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TTD puts restrictions on jewellery offerings
TIRUMALA: The `Lord of riches' would henceforth be adorned with only rare and unique jewels with the TTD putting restrictions on jewellery offerings. The temple administration has also decided to reconstruct the 1,000 pillar mandapam.
Source:http://timesofindia.indiatimes.com/city/hyderabad/TTD-puts-restrictions-on-jewellery-offerings/artic
11/10/2010 3:39:33 AM
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Copper futures soften on profit booking, global cues
NEW DELHI: Amid weak trend in global markets and subdued spot demand, copper futures prices fell by one per cent, to Rs 391.90 per kg today.
Source:http://economictimes.indiatimes.com/markets/commodities/Copper-futures-soften-on-profit-booking-glob
11/10/2010 3:36:45 AM
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