Giva Jewellery Raises Rs 255 Cr In Prolonged Sequence B, Marks Partial Exit For A91 Partners, India Quotient
Profit performance varied, with some companies reaching double-digit progress, others posting modest single-digit increases, and a few reporting losses. A high import duty encourages gold smuggling, which hinders progress in the organised retail gold sector and leads to revenue losses for the government. PC Jeweller is a basic case of an organization that took on an excessive quantity of debt to increase and then couldn’t pay it. Its operations have suffered since FY21, initially due to covid-19 and lockdowns and subsequently on account of liquidity constraints after lenders classified its accounts as non-performing assets . The company also grew to become embroiled in various legal circumstances with its lenders.
Buyers Keen To Pay Extra For Ethically Produced Jewelry, Claims Report
This is anticipated to minimize back input costs for jewelry corporations and …