PC Jeweller Secures One Time Settlement with PNB Amidst Financial Turmoil
PC Jeweller, grappling with significant financial challenges, announced a pivotal development as it received approval from Punjab National Bank (PNB) for its One Time Settlement (OTS) proposal
SBI seizes PC Jeweller's New Delhi properties following a loan default of Rs.3,466 crore
PC Jewellers is experiencing operational disruptions due to this financial setback, leading to a significant drop in their second-quarter revenues for the fiscal year 2024
Banking Institutions Appeal to RBI for Permission to Provide Silver Metal Loans to Jewellery Manufacturers
Point to Gold Loan Triumph as Silver Jewelry Demand Surges Amid Festivals and Exports
PC Jeweller's Stock Market Woes: Legal Proceedings, Loan Recall Notices, and Insider Trading Allegations
Delhi-based jewellery chain PC Jeweller is facing a tumultuous time in the stock market, with its shares plummeting by over 75% since January 2018. The company is embroiled in legal proceedings with the State Bank of India and four other banks as well.
Banks have issued loan recall notices to PC Jeweller
PC Jeweller, has been in the midst of legal proceedings with State Bank of India (SBI) and four other banks of the consortium (IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank) that have advanced loans to the company.
SBI to Fund Lab Grown Diamonds Trade
State Bank of India’s policy to fund LGDs will provide a great boost to the lab-grown diamond trade
ED arrests Hyderabad-based jewellery firm promoter
Agarwal was produced before a special PMLA court in Hyderabad and remanded to 15 days of judicial custody
G & J sector has huge potential in Hong Kong: GJEPC
There has been a shift in the preferences of buyers in Hong Kong as they have now become price-sensitive
New Gold Deposit Scheme: What it Means for Jewellers & Customers?
Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers
True or Not Thursday
Are consumers spending more on jewellery?
The common belief seems to be that consumers are and will be spending more money on gold jewellery, as they are saving money from not travelling, scaling down weddings and also because of the fact that gold has proven to be a safe investment – but what is the ground reality?
Mumbai-Based Jewellery Trading Company Accused By CBI In Multi-Crore Fraud
Auro Gold Jewellery Pvt Ltd and its directors Amritlal Jain and Ritesh Jain have been accused of allegedly cheating State Bank of India of Rs 387 crore
Will RBI's Relief Measures Work for G&J Industry?
While the Coronavirus Pandemic may be brought under control due to the total lockdown, the Indian economy may need ventilator support in the near future. Industry veterans discuss the problem and suggest solutions…
SBI Urges for Uniformity in Lending to Gems and Jewellery Sector
State Bank of India is pushing for bringing about uniformity in its lending practices to the gems and jewellery sector
SBI Supports Insurance Cover for Lending to Jewellery Industry
Country's largest lender State Bank of India (SBI) has confirmed today that the gems and jewellery industry should have insurance cover for banks to ‘lend courageously’ to the jewellery sector
PC Jeweller surges 11% as jeweller settles case with Sebi
The company paid Rs 19,12,500 towards full and final settlement of the alleged default
