New regulations on duty-free gold imports for jewellery exporters have caused shares of Senco Gold, Thangamayil, and Kalyan Jewellers to dip. The Directorate General of Foreign Trade has imposed stricter rules, including import caps and physical inspections, to curb gold imports and ensure compliance. These measures follow a recent increase in import duties.
Raymond shares rise 4% after former BEL chief joins defence business
Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business.