Bluestone Jewellery IPO: The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and an offer for sale (OFS), they said.
Jewellery retailers in Kolkata are embracing the Ram Temple consecration, unveiling collections like Senco Gold & Diamonds' 'SiyaRam' and Kalyan Jewellers' 'Nimah'. Capturing the essence of devotion, these designs commemorate Lord Ram and Sita's coronation, blending heritage with contemporary flair in anticipation of the Ram Mandir inauguration.
Kolkata-based jewellery brand, Senco Gold & Diamonds, made a significant announcement on Friday. They proudly revealed that they have become the first Indian jewellery brand to join the Open Network for Digital Commerce (ONDC) Network. This integration marks a crucial step for Senco Gold and Diamonds, as it will now make their extensive catalogue accessible on multiple shopping apps within the growing ONDC Network.
Budget: The interim Budget with strategic moves can give the Indian gold jewellery industry a boost. An infrastructure boost can ensure competitive prices for raw materials and availability of gold loans. Skill development and government support for machinery procurement will enhance manufacturing capabilities. Special financing can help Indian brands expand globally. Budgetary support for cost of capital and marketing will improve reach and attract international brands. These steps can make India a global hub for the gems and jewellery industry.
The company is on a path of rapid growth and is almost tripling its manufacturing capacity. The introduction of new products and the addition of large pan-India customers is expected to drive growth
Venture capital firm Elevation Capital, formerly SAIF Partners, has hit the sell button on a nearly six-year-old portfolio, spinning high returns as it goes about ......
Venture capital firm Elevation Capital has again pressed the exit button on a portfolio bet, in the process divesting over four-fifth of its stake and ......
While the jewellery industry has been outpacing other retail sectors, owing to premiumisation and an accelerated shift towards the organised segment, we are cautious on MJL.
Oman India Joint Investment Fund (OIJIF), a mid-market private equity firm that saw two of its portfolio firms go public earlier this year generating neat profit for ......
Senco: “As far as the growth across all the zones is concerned, we are very happy that we are growing across all the zones in India, particularly in the Eastern zone where the growth is around 22%. But in the West and South, the growth is much higher, more than 30% because our base there is slightly lower and we have much more to do. So the North region is growing.”