Amidst rising concerns about a large number of domestic corporates meeting the deadline foreign currency repayment obligations, leading gold and diamond jewellery exporter Rajesh Exports today said it has successfully redeemed USD 150 million of its foreign currency convertible bonds (FCCBs).
India has changed the import duty on gold to 2% of value from the earlier flat Rs 300 per 10 grams, sending the shares of jewellery makers lower
Jewellery exporter and retailer Rajesh Exports [REL] plans to scale up its retail chain 'Shubh Jewellers' to 550 outlets in south India by 2014, and sees revenue of over Rs 20,000 crore from retail alone by 2014-15.
Rajesh Exports, one of India's top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said on Monday.
Buy Rajesh Exports, says Ashu Madan of Religare.
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