Surat: During the Israel-Iran-US war, crude oil prices had skyrocketed in the international market and due to this, the prices of other products made from crude also reached the seventh sky. As the price of basic raw material of yarn made from crude increased, yarn manufacturers in Surat increased the prices by 35-40%. Now, for the last two days, crude oil prices have been continuously falling and today the price of crude oil has reached below $95 per barrel, despite this, spinners and yarn distributors have not reduced the prices of yarn, causing great discontent among the weaving manufacturers of…
Author: Melvyn Thomas
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Mumbai: Against the backdrop of an uncertain geopolitical scenario, the RBI prudently chose to be patient instead of being reactionary in its policy today, keeping its stance and the policy rate unchanged. The policy tone was balanced and wait and watch, abstaining from indicating any hawkishness. As we expected, no extreme or out of box measures were announced at this point. The central bank recognised the upside risks to inflation that have already emerged, upping its forecast for FY27 (due to higher energy costs) while being cautious on growth. That said, this outlook was balanced by the re-iteration of the…
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) proudly announces the successful conclusion of the 9th edition of the India Gems and Jewellery Show (GJS April 2026), affectionately known as “Humara Apna Show”, held at the Jio World Convention Centre, Mumbai. The four-day extravaganza, inaugurated by Chandrashekhar Bawankule,Minister of Revenue, Maharashtra, witnessed overwhelming participation from across the country. With 350 exhibitors, 650 booths, and over 9,000 visitors, GJS April 2026 reaffirmed its stature as India’s premium gem and jewellery trade platform. Event Kick-off with Manthan: The show began with Manthan, a high-impact research seminar presented by the World…
Surat: For the first time, the Southern Gujarat Chamber of Commerce and Industry (SGCCI), an apex body of the trade and industries in south Gujarat, has announced a special ‘Textile Awards’ in May to promote excellence, innovation and sustainable development in the textile sector. A total of 45 awards will be given away under this initiative, to recognise the best performing organizations in various sectors of the textile industry. SGCCI president Nikhil Madrasi said the chamber has taken up the initiative for the first time to honor the entrepreneurs in the country’s largest man-made fibre (MMF) sector with the awards…
Mumbai: Jewellery has always held a deeply personal place in people’s hearts, and natural diamonds remain its most powerful expression. Every natural diamond carries within it a story of love, milestones, heritage and personal triumphs. On the first-ever World Diamond Day, these stories took centre stage, as people across the country came together to celebrate the meaning and emotion behind every diamond. Launched by the Natural Diamond Council (NDC), World Diamond Day on April 8, 2026, was introduced as a global movement to recognise and celebrate the joy, passion, and community that natural diamonds inspire. Beyond their brilliance, diamonds represent…
Surat: The Women Entrepreneur Cell of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) has organized Gujarat’s first large-scale ‘Women Entrepreneurship Conclave’ on April 8 at Platinum Hall, Sarsana in Surat. The main objective of the Women Entrepreneurship conclave, which is being held under the theme ‘breaking barriers and embracing strength’, is to bring women entrepreneurs on a single platform to provide networking, guidance and inspiration. SGCCI president Nikhil Madrasi said that the main purpose of this conclave is to bring women entrepreneurs together on one platform for networking, guidance and inspiration. The conclave, which will be held under…
Surat: While the ongoing war in the Middle East has entered its seventh week, the small industrialists and businessmen from the micro, small and medium scale sectors across the country are highly affected. Considering the plight of the entrepreneurs, the Confederation of All India Traders (CAIT) has made representations to the Central Government to announce necessary financial relief for such industrialists. CAIT Gujarat Chairman Pramod Bhagat said that exporters in India and Gujarat have been facing severe challenges such as the increase in freight charges, insurance cost, delay in shipments, change in routes, and uncertainty in payment cycle, which are…
Mumbai: At the heart of this milestone lies Divine Solitaires’ commitment to pushing the boundaries of craftsmanship, bringing its signature 123-parameter quality standards to diamonds in the 0.04 to 0.09 carat range, redefining what is possible in smaller-sized diamonds. Displayed at the Jio World Convention Centre (JWCC) in Mumbai from 4th to 7th April, this development represents a breakthrough in the diamond segment, bringing together precision, consistency, and craftsmanship in a space that has traditionally been limited by size constraints. With diamonds in the 0.04 to 0.09 carat range now meeting the brand’s rigorous 123-parameter quality standards, Divine Solitaires extends…
Surat: There is some disturbing news for the international travellers in the diamond city of Surat. International connectivity at Surat airport is set to suffer another setback. Air India Express has stopped bookings for flights on the Surat-Bangkok sector from July 1, 2026. The airline stated that the decision was taken as the route was not profitable. Following this decision, a feeling of anger has spread among the passengers. It is worth mentioning here that a total of 5 international flights were operated from Surat airport, out of which three have been stopped. The Surat-Bangkok flight used to depart from…
Surat: Drawing a distinction between the Surat Diamond Bourse (SDB) and the Bharat Diamond Bourse (BDB) in Mumbai, deputy chief minister did not mined any words to state that, “It took 15 years for the BDB to operate at full-scale, while Surat Diamond Bourse (SDB) did it in just two years”. Sanghavi was speaking at his felicitation event organised by the Surat Diamond Bourse (SDB) committee due to his constant efforts to convince the diamond traders and diamond company owners to shift their trading operations from the traditional markets of Mahidharpura and Varachha to the new address at SDB. Harsh…
