Indian companies are increasingly being sounded out by overseas clients.
The gems and jewellery sector is likely to be impacted at least in the medium-term, the rating agency added.
Nilesh Parikh, chairman, Shree Ganesh Jewellery says that the company's sales are targeted primarily to the export market, so it is unaffected by the restrictions on import of gold. He added that sales are targeted primarily to the export market
Commenting on the gold import duty hike, he said it will do nothing to improve the demand-supply situation.
Maruti will now spearhead parent Suzuki‘s export strategy for key markets. Osamu Suzuki has initiated key changes in the overall group‘s export strategy to strengthen and integrate Maruti with Suzuki Motor Corporation. It is part of an overall effort to synchronize Maruti‘s operations with that of Suzuki Motor Corp reports Ronojoy Banerjee.
Nitin Spinners has declared its third quarter results. The company's Q3 standalone net sales were up at Rs 106 crore versus Rs 78 crore. Its EBIDTA margins was up at 21% versus 10.83%.