My Stories
Ever since the e-commerce sector started growing in India, mobile phones have been numero uno in the marketplace, as the largest-selling category growing multi-fold. Even during the demonetisation and GST implementation phase, the mobile phones have been growing by 40 to 50 per cent and had grabbed half of the e-commerce market.
Mobile sales come down, but still in double-digits
Sangeetha G
18 Sep 2019 1:50 AM

However, in 2018, the mobile phone category grew by 28 per cent, and in the first half of 2019, it saw the lowest growth of 12 per cent.

According to Satish Magar, President, Credai, government has to provide incentives to the home buyers. Though RBI has been reducing repo rates, homebuyers are not receiving the benefit due to transmission issues.
Housing industry seeks tax sops, lower rates
Sangeetha G
17 Sep 2019 1:42 AM

Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among homebuyers.

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019. Similarly, viscose yarn imports shot up 342 per cent from 6,47,000 kg in July last year to 28,58,000 kg in July this year.
Man-made yarn imports up multi-fold in July
Sangeetha G
16 Sep 2019 1:14 AM

The textile industry has sought rationalization of GST rate for MMF products at 5 per cent.

In August, the Antwerp World Diamond Centre (AWDC) exported over 4.70 million carats of rough at a value of $322.84 million, which was a decline of 33.10 per cent in value terms.
India pulls down Antwerp’s diamond trade by more than 30 per cent
Sangeetha G
14 Sep 2019 1:44 AM

India is the major participant of the diamond trade happening out of Antwerp and the vagaries in the Indian gems and jewellery market.

Global gold ETFs have been consistently increasing their holdings for the past three months, supporting the overall sentiments. However, Indian market saw the investment interest catching up only in August.
Gold ETFs witness net inflow
Sangeetha G
11 Sep 2019 1:49 AM

Gold ETFs have been witnessing net outflows every month for more than six years, except for November 2018.

As predicted by us at the beginning of the year, Indian PE/VC investment activity in 2019 has surpassed the all-time high of $36.5 billion recorded in 2018.
PE/VC funding to touch $50 billion
Sangeetha G
11 Sep 2019 1:33 AM

The total PE/VC investments till August stood at $36.7 billion.

Due to the increasing inflow of lab-grown diamonds and blood diamonds into the market, processing companies are required to trace the entire value chain of the stones they handle.
Polarisation in G&J market; big wins, small loses
Sangeetha G
10 Sep 2019 1:16 AM

According to him, 10 to 15 large players in the segment are getting bigger by adapting to the new environment.

While the industrial paint segment is already bruised by the slowdown in the automotive sector, the decorative paints too might get hit by the gloomy consumer sentiments and the sluggish real estate offtake.
Paint industry sees a faded festival
Sangeetha G
07 Sep 2019 1:00 AM

The industrial paint segment is already suffering from the slowdown in the automotive segment and the manufacturing segment.

A high powered committee has asked insurance regulator to examine the issue of linking premium with traffic violations.
Traffic challans may up your insurance premia
Sangeetha G
07 Sep 2019 12:56 AM

Panel to suggest how to link offences with premiums.

Gold imports last month dropped 73 per cent to 30 tonnes from 111.47 tonnes in the year-ago month, the lowest level in three years, said a Reuters report quoting government officials.
Gold imports drop 73 per cent in August
Sangeetha G
05 Sep 2019 5:51 AM

A rally in the international gold market saw Indian prices touching record high levels several times in the past few months.


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