Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) is set to join the Natural Diamond Council (NDC). After agreeing on the details of its financial contribution, it is set to become an NDC member by May 1, 2026. The GJEPC, which represents around 7,000 exporters, signed the Luanda Accord last June with diamond producers Angola, Botswana, South Africa, Namibia and the United States. They jointly pledged to donate 1 per cent of gross revenue to fund the global NDC campaign for the natural diamond market. The GJEPC and the NDC announced on February 9 that they have signed the…
Author: Melvyn Thomas
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Ahmedabad: Fertilizer major Indian Potash Limited (IPL) has been recognised for its outstanding import performance at Kandla Port and Visakhapatnam Port on the occasion of International Customs Day 2026. IPL has been awarded ‘Top Importer’ for fiscal 2025-26 at Kandla port, Gujarat. It has also been awarded Appreciation Certificate for one of the highest performers under ‘Importer (PSU)’ for 2025 at Visakhapatnam port, Andhra Pradesh, by the Customs Department, Government of India. ‘Top Importer’ award was presented to IPL on 15 February 2026 at the IFFCO Auditorium, Gandhidham. The award was presented by Shri Nitin Saini, Commissioner of Customs, Kandla,…
Surat: The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has welcomed the Gujarat Budget 2026-27 presented by the state government, calling it business and industry-oriented. The chamber has described the steps taken in the budget for the development of the state’s industries, exports and especially the textile sector as positive and far-sighted. SGCCI president Nikhil Madrasi said, Rs. 2,775 crore has been allocated this year under the textile scheme as against Rs. 2,000 crore allocated last year in the budget, hence this announcement is important for the comprehensive development of the textile industry. He added that Surat has the…
Ahmedabad: The craze for taking gold loans by customers has been increasing rapidly for the last two-three years. In addition, there has been an increase in lending with security for non-banking financial companies (NBFCs). As gold prices have been continuously increasing in the last one year and due to sudden volatility in the last few years, companies are lending 60 percent of the value of gold. The demand for gold loans has seen a double increase compared to personal and other loans. Due to high gold prices, the average ticket size of gold loans has doubled in the last one…
Ahmedabad: When it comes to the stock market, usually big companies like Reliance or Tata are discussed. But in the last two years i.e 2024 to 2026, Gujarat has made a new revolution in the stock market, which has been noticed by the entire country, which is the revolution of SME IPOs. Gujarat has always been an ‘MSME hub’, but now the industrialists here have realized that getting equity from the market is more beneficial than taking bank loans (Debt) to grow business, said Milan Parikh, MD-Chairman of Jainam Broking Limited. Earlier, there was a belief that getting a company…
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ), the world’s fastest growing integrated transport utility, and the Port of Marseille Fos, France’s leading port and the Mediterranean’s premier gateway, have signed a Memorandum of Understanding (MoU) to deepen cooperation on trade facilitation, port innovation, and energy transition. This partnership proposes the creation of an IMEC Ports Club to strengthen coordination among key ports along the India–Middle East–Europe Economic Corridor (IMEC) route, reinforcing connectivity between India and the European Union. This completes the IMEC pathway for India-EU trade, that has been boosted by the FTA between India and the EU,…
Surat: Not one, two or three, now the country’s largest man-made fabric (MMF) hub in Surat has got the world’s first high-speed jacquard looms that can manufacture four sarees at a time. For the first time, this high-speed jacquard powerloom machine will be displayed at the three day long Surat International Textile Exhibition (SITEX) organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) at SIECC, Sarsana starting from February 21. The SGCCI and SGCCI Trade and Industry Development Center has organised three day long SITEX at Sarsana from February 21 to February 23. SGCCI president Nikhil Madrasi said,…
Gandhinagar: To realize the vision of Developed India @ 2047 and take consumer rights to new heights, the Gujarat Government has taken a revolutionary initiative. For the first time at the international level, the Consumer Responsibility Index (CRI) has been launched to ensure the responsibility of the corporate world towards consumers. Tripartite Memorandum of Understanding (MoU) for the country’s first Consumer Responsibility Index (CRI) This MoU has been signed between the Department of Consumer Affairs (Government of Gujarat), Consumer Education and Research Centre (CERC) and CARE Edge, with the main objective of developing and implementing the country’s first Consumer Responsibility…
Murshidabad: Senco Gold & Diamonds, one of India’s largest gold and diamond jewellery retail chains, has opened its 86th franchise store in, Kandi, Murshidabad, further strengthening its presence in its home state of West Bengal. Spread across 2,400 sq. ft. designed to create a warm and inviting ambience for customers, the new store, located at Kandi Bus Stand, offers customers an elevated and immersive gold, diamond, platinum and silver jewellery shopping experience. “We are delighted to expand our presence in West Bengal with our new store in Kandi. People here have always enjoyed a deep cultural connection with precious jewellery,…
Ahmedabad: The Adani Group today announced one of the world’s largest integrated direct investmena direct investment of USD 100 billion to develop renewable-energy-powered, hyperscale AI-ready data centres by 2035. The initiative will establish a long-term sovereign energy and compute platform designed to position India as a global leader in the emerging Intelligence Revolution. The investment is expected to catalyse by 2035 an additional USD 150 billion across server manufacturing, advanced electrical infrastructure, sovereign cloud platforms and supporting industries. Together, this is projected to create a USD 250 billion AI infrastructure ecosystem in India over the decade. “The world is entering…
