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Vikram Raizada to Head Jewellery Segment with Amazon

Amazon has hired former Tara Jewels executive director and CEO, retail, Vikram Raizada as director, category management to head its jewellery segment, even as online retailers continue to sniff a plethora of opportunities in the high-margin fashion, lifestyle and...

Gitanjali Gems net profit up by 77.4 per cent at Rs.354.8 crore

Gitanjali Gems Ltd, the leading branded jewellery company in India has reported a 77.4 per cent increase in net profit at Rs. 354.8 crore for the year ended 31st March, 2011, as compared to Rs. 200 crore posted in...

Gold Souk Grande emerges as major leisure hub in Kochi

Gold Souk Grande, Kochi – a 500,000-sq.ft mall strategically located at Vyttila – is fast emerging as a mega shopping and entertainment hub in Kochi.Designed by WS Atkins, Gold Souk Grande offers a variety of entertainment options for children...

D’damas opens flagship store in Delhi

Diamond jewellery brand D’damas, part of the Gitanjali Group, recently launched its first-ever flagship store – Capital Jewels – in Delhi. The 1,000-sq.ft store at the Green Park market has a unique merchandising segmentation of sub-brands, zoning and continuous...

Gitanjali Gems forms JV with MMTC

With reference to the earlier announcement related to signing of memorandum of understanding with MMTC Ltd (MMTC), one of country’s leading international trading company, Gitanjali Gems Ltd has announced that it has executed a tripartite share purchase agreement with...

Gitanjali Gems signs 50:50 JV with Hassan’s Optician

Geetanjali Gems, the jewellery retail arm of Mumbai-based Geetanjali Group, has signed a 50:50 JV with Kuwait-based Hassan’s Optician, according to a statement by Gitanjali Group to Bombay Stock Exchange.According to the BSE filing, the formed alliance will permit...

Gitanjali Gems Board to consider buy back of equity shares

Gitanjali Gems, country’s pioneer in branded jewellery, in its meeting of the board of directors of the company to be held on December 19, will consider the proposal of buy back of equity shares, the company has said in...

Gitanjali Gems acquires Nakshatra Diamonds

Gitanjali Gems Ltd, one of the biggest retailers of branded diamond and gold jewellery, has completed acquisition of Nakshatra Diamonds – a brand previously owned by DTC.Gitanjali aims to position Nakshatra as a known lifestyle brand worldwide by introducing...

Gitanjali acquires Rogers — To announce JV with Morellato & Sector

In line with its policy of strategic acquisitions and further expansion in retail operations, jewellery major Gitanjali Gems has acquired US-based speciality retailer Rogers Ltd for Rs 80 crore ($20 million). Gitanjali has bought 100 per cent stake in...

WGC to promote gold sales — negotiating with Reliance Retail and Pantaloons

In an effort to increase gold retailing in India, World Gold Council (WGC) is in talks with top retailers Pantaloon Retail and Reliance Retail to strategise marketing and supply of gold in the country.“We are negotiating with Reliance Retail...
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FSSAI mandates quarterly reporting of expired, rejected food products

The move is aimed at preventing the rebranding and resale of expired and rejected food items for human consumption...
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