Monday, October 19
The overall gross exports of gems and jewellery in April stood at USD 2037.06 million (Rs. 17428.480 crores), showing a decline of 4.62% compared to USD 2135.7 million (Rs. 17814.87 crores) for the same period last year, according to data released by Gem & Jewellery Export Promotion Council (GJEPC). On the other hand, the overall imports of gems and jewellery for April 2025 stood at USD 1569.13 million (Rs. 13419.63 crores), showing a decline of 17.61% compared to USD 1904.4 million (Rs. 15880.47 crores) for the same period last year. Demand and supply economics have continued to be subdued for a long time, against the backdrop of geopolitical tensions and the recently introduced Trump tariffs. The overall gross export of cut and polished diamonds declined by 6.12% in April 2025 at USD
Mumbai: Several pharmaceutical shares underperformed on Monday despite a strong broad market rally, after US President Donald Trump announced plans to sign an executive order slashing prescription drug prices in the US to match those in favoured nations, implying cuts of 30% to 80%.Sun Pharmaceuticals fell 3.2%, Ajanta Pharma slipped 2.3%, and Glenmark and Divi's Labs lost over 1% each. Biocon dipped 0.5%.The Nifty Pharma Index ended 0.2% higher Monday after tumbling almost 2.4% earlier in the day in response to Trump's remarks. The Sensex and Nifty jumped nearly 4%-posting their biggest single-day gains in four years. Of the 20 stocks in Nifty Pharma, 13 gained and seven declined."The order implies a 30-80% expected cut to align US drug prices with other regulated markets. But such cuts a
Mumbai: Shares of metal companies were among the top gainers in a relief rally on Monday after the US-China trade deal eased investor concerns of a global economic slowdown, which was feared to hit demand for these commodities. The Nifty Metal index jumped 5.9% - its best single-day performance in three years. Hindustan Copper soared 10%, emerging as the top gainer of the day. Steel Authority of India Limited (SAIL), National Aluminium Company (Nalco), Tata Steel and JSW Steel, which gained 5-8% each.The US and China on Monday agreed to reduce the steep tariffs they had imposed on each other. As per the agreement, the US will lower its overall tariffs on Chinese goods from 145% to 30%, while China will cut US tariffs from 125% to 10%."We believe commodity prices are poised to strengthen fr
Life Insurance Corporation (LIC) has hiked its stake in Bank of India (BoI) to 8.38 per cent as of May 9. LIC has bought about 2.026 per cent stake in public sector BoI between September 2, 2021, and May 9, 2025, BoI said in a stock exchange disclosure on Tuesday. LIC's stake in the bank has increased from 6.35 per cent to 8.38 per cent over the four-year period. Shares of Bank of India closed at Rs 112.55, up 2.27 per cent over the previous close on the BSE.
