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Rajesh Exports posts 51% rise in Q3 net profit
Rajesh Exports Ltd, India's largest exporter of gold jewellery, on Thursday announced a 51 per cent rise in net profit at Rs 114.7 crore for the third quarter-ended December 31, 2011, compared to the corresponding quarter last fiscal. The operating profit for the quarter rose 2.1 times to touchRs 228.8 crore as against the year ago period. The rise in profits is mainly due to a growth in profit from

Jewellers resume buying gold, diamonds as rupee rise pauses

The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and a further rise

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Exports rise 10% to $25.4 bn in Jan imports up 20%

Exports in January rose 10.1 per cent to $25.4 billion after dismal, single-digit growth in November and December. The growth in January was primarily due to depreciation in the rate of the rupee

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January exports seen up 10 %: trade secretary

India's January exports rose 10.1 percent to $25.4 billion while imports rose 20.3 percent to $40.1 billion, leaving a trade deficit of $14.7 billion, Trade Secretary Rahul Khullar said on

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Orissa iron ore exports tank in January after duty hike

Iron ore exports from Orissa, the country's biggest producer and third biggest exporter of this key steel making input, slipped significantly in January compared with December 2011 after the

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Short-staple cotton output likely to decline, denim makers may import

At a time when cotton output estimates in India have been lowered to 34.5 million bales (170 kg each), production of the short-staple variety in most parts is likely to fall on unfavourable weather

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