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India Diamond Exports: Diamond industry plans to cut bank financing by a third, ET Retail

India Diamond Exports: Indias diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.
Bhargava Vaidya Vipul Shah Kirit Bhansali Gem Jewellery Export Promotion Council Nirav Modi Jewellery Export Promotion Council

India's diamond industry: Diamond industry plans to cut bank financing by 33% this FY

Indias diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the previous year, amid a slowdown in global diamond demand. Traders have halted imports of rough diamonds, and they aim to clear existing inventory rather than creating new stocks that would require additional borrowing.
Kirit Bhansali Bhargava Vaidya Vipul Shah Gem Jewellery Export Promotion Council Nirav Modi Jewellery Export Promotion Council

Diamond industry plans to cut bank financing by a third

Indias diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.
Vipul Shah Kirit Bhansali Bhargava Vaidya Gem Jewellery Export Promotion Council Nirav Modi Jewellery Export Promotion Council

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Govt taking India's economy to defaulter era by distributing freebies to cronies: Kharge's jibe at PM Modi

Congress President Mallikarjun Kharge on Saturday trained his guns at Prime Minister Narendra Modi saying that his government is taking India's economy to 'defaulter Kaal' (defaulter era) by distributing 'muft ki revdis' (freebies) to ...
New Delhi Vijay Mallya Narendra Modi Mehul Choksi Jatin Mehta Targetting The Center

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