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India's diamond export pain is hiding a brighter story at home
India's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown diamonds. This domestic focus targets a growing demand from younger Indian consumers. Retailers are expanding offerings to cater to evolving preferences for lightweight jewelry. Natural diamonds continue to hold a significant position in premium portfolios.
Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?
Dixon Technologies' shares rose significantly after Vivo Mobile India secured government approval for a joint venture. This partnership will focus on manufacturing smartphones for Vivo within India. Experts foresee substantial production increases and strengthened market leadership for Dixon. The joint venture is expected to commence operations by September 2026. Dixon's strong financial metrics and policy support underpin its positive outlook.
Honasa Consumer shares fall despite projecting 'mid-twenties' growth for Q1
Honasa Consumer said it opened the financial year 2027 on a solid footing and it is expected to deliver a strong performance in the first quarter. Its business is expected to deliver growth around thirties in the quarter under review, led by continuous growth momentum across its focus categories.
Kalyan Jewellers shares jump 9%, extend two-day rally to over 15% after robust Q1 business update
Kalyan Jewellers shares saw a significant surge following a robust first-quarter business update. The company reported an estimated 38% year-on-year increase in consolidated revenue for Q1 FY27. Strong domestic demand and international growth contributed to this impressive financial performance. The launch of a gold recirculation campaign also gained significant customer traction during the quarter. Kalyan Jewellers also expanded its retail footprint by opening new showrooms and outlets.
PC Jeweller jumps 6% after repaying 2 consortium banks; eyes debt-free status by Q2 FY27
PC Jeweller shares climbed 6.5% after the company said it had repaid all outstanding debt owed to two of its 14 consortium banks under a September 2024 settlement agreement. Calling it a key milestone in its turnaround, the jeweller said it expects to clear the remaining debt and achieve debt-free status during the current quarter, strengthening its financial position.
NFRA begins investigation into Rajesh Exports' financial misstatement
Don't mistake AI's fluency for accuracy, warns NFRA chairman
NFRA chief says Rajesh Exports probe is underway, can't share timeline
The National Financial Reporting Authority (NFRA) is looking into the revenue misstatements case at Rajesh Exports, but it will not be possible to share a timeline on the probe, a top official at the auditors' watchdog said on Tuesday. "Yes, we have started our processes," NFRA chairperson Nitin Gupta said on the sidelines of an event organised by Ficci here. He declined to share any observations, saying the matter is not with him, and also a timeline by which the probe will be completed. It can be noted that last month, capital markets regulator Sebi issued an order in which Rajesh Exports was found to have indulged in misstating revenues over a long period, pegging the overall discrepancies at Rs 15.5 lakh crore. As per subsequent reports, Sebi had written to NFRA seeking examination of the errant entity's auditors. Gupta on Tuesday called for genuine board independence in India's promoter-driven companies, pointing out that as AI influences corporate decision-making, a critical
GIFT City partners with Vietnamese financial institutional firm to exchange knowledge and signs multiple MoUs
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
Reliance Industries shares in focus as company gets Sebi's warning over alleged insider trading
Reliance Industries received a warning letter from market regulator Sebi. The letter cited alleged insider trading by two employees and a relative. Sebi investigated trades made while possessing unpublished price-sensitive information. The company stated it will address the concerns raised by the regulator. Sebi's warning is cautionary and imposes no financial restrictions.
Samsung Electronics shares fall 6% despite Q2 operating income being higher than Nvidia in Q4
A full financial statement will be released by Samsung Electronics towards the end of this month, which will include its net profit figure and a break-up of the performance of its various divisions.
Mahindra bets on execution as global uncertainty becomes 'structural'
Mahindra Group views global uncertainty as a permanent business feature. The conglomerate will focus on faster execution and calibrated investments. This strategy aims to capitalize on volatility rather than waiting for stability. The group reported its strongest financial performance in FY26. Future investments will target new technologies and manufacturing expansion.
Asian Paints declares board meeting date to announce Q1 results 2026
Asian Paints Ltd. 's board of directors will meet on July 29, 2026, to review and approve the audited financial results for the quarter ended 30 June 2026.