This move marks a significant step in Kalyan's strategy to expand its global footprint, joining competitors like Tanishq in targeting the Indian diaspora abroad

Import of gold has gone up significantly in the April-June quarter, Commerce Ministry data reveals

The illegal trade could rise further in coming months as India, raised an import tax on gold by 2.5 per cent to 12.5 per cent in July’s federal budget, effectively increasing smugglers’ margins

Imports of the yellow metal stood at USD 8.45 billion (about Rs 59,000 crore) in the same period of 2018-19 

Bank finance, currently applicable for pre- and post-shipment of goods, will be covered by the Export Credit Guarantee Corporation (ECGC)

The stock reportedly touched a low of Rs 1,116.20 on the BSE, its biggest slide since June 2013

At present, the domestic gems and jewellery sector is estimated at USD 75 billion.

The gold was reportedly concealed in various items such as watch dial, pen refills, bra hooks, foils and handles of bag, coat hooks, shoe buckles and sandals.

The cuffs are designed for party-season

During January-March quarter, India imported 215 tonnes of gold and about 350 tonnes of gold is expected to be imported during April-June quarter. The government has taken various steps to curb imports and improve the current account deficit situation. Re

During January-March quarter, India imported 215 tonnes of gold and about 350 tonnes of gold is expected to be imported during April-June quarter. The government has taken various steps to curb imports and improve the current account deficit situation. Re