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By Darvinder Singh On 16 Jul, 2018 At 07:50 AM | Categorized As Business | With 0 Comments

PCI:Gold imports fell by 25 percent to $8.43 billion in the first quarter of the current fiscal due to sliding prices of the metal in both global and domestic markets. According to the commerce ministry data, gold imports had amounted to $11.26 billion in the corresponding quarter of last financial year, 2017-18. The imports of […]

By Darvinder Singh On 16 Jul, 2018 At 07:12 AM | Categorized As Business | With 0 Comments

PCI:Brick and mortar retailer Shoppers Stop is betting big on an omnichannel retail strategy — a combination of physical stores and online site — to grow its business and aims to be completely debt-free by the end of this fiscal. The company, which exited non-core businesses last year by selling its stakes in Hypercity Retail, […]

By Darvinder Singh On 16 Jul, 2018 At 07:26 AM | Categorized As Business | With 0 Comments

PCI: Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers with an investment of about Rs 80 crore. An e-commerce app, ‘IFFCO iMandi’, has been launched that would cater to 5.5 crore farmers already associated with the cooperative. A web portal has also been developed. IFFCO’s subsidiary […]

By Darvinder Singh On 16 Jul, 2018 At 07:44 AM | Categorized As Business | With 0 Comments

PCI:Concerned over the alleged sale of synthetic diamonds under the guise of real diamonds, jewellers here have cautioned people against purchasing the precious stones without invoice so as to avoid duplication. According to some traders, there has been a rise in the usage of synthetic diamonds in the market as they are cheaper and look […]

By Darvinder Singh On 16 Jul, 2018 At 07:17 AM | Categorized As Business | With 0 Comments

PCI:Having a strong foothold in Africa remains a key strategy of Godrej Consumer Products Ltd (GCPL) as the company increases the pace of overall growth, the FMCG major said. It is accelerating innovation pipeline by investing in R&D and capacity to step up the pace of growth, “Establishing a strong foothold in Africa continues to […]

By Darvinder Singh On 16 Jul, 2018 At 07:51 AM | Categorized As Business | With 0 Comments

PCI:Scam-hit PNB’s recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank’s top official has said. The Insolvency and Bankruptcy Code (IBC) resolution process […]

By Darvinder Singh On 15 Jul, 2018 At 07:44 AM | Categorized As Business, National | With 0 Comments

PCI:The RBI has come in for effusive praise by the global banking authority, the Bank for International Settlements (BIS), for its effective communications strategy. The RBI has been applauded by the BIS, which calls itself ‘a bank for central banks’, for effectively using a targeted communication strategy for reaching out to the right audience in […]

By Darvinder Singh On 14 Jul, 2018 At 09:21 AM | Categorized As Business | With 0 Comments

PCI: Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company’s products gave them ovarian cancer by arguing the plaintiffs’ science was flawed and the case should not have been heard in Missouri. But several legal experts said that even though J&J has […]

By Darvinder Singh On 14 Jul, 2018 At 09:16 AM | Categorized As Business | With 0 Comments

PCI: Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. Brent crude rose 88 cents to settle at […]

By Darvinder Singh On 14 Jul, 2018 At 09:46 AM | Categorized As Business | With 0 Comments

Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to explain how those expectations line up with second-quarter results. Although Citigroup beat Wall Street profit expectations, its revenue fell short of forecasts and businesses like branded credit cards and retail banking […]

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