For the first time in a decade, excluding the Covid-affected FY21, India’s two largest jewellery chains, Tata-owned Tanishq and Reliance Retail, reported declines in consumer deposits for deferred gold jewellery purchase schemes during the last financial year. With gold prices continuing their steady climb, industry executives warn the pressure on sales volumes will intensify. Titan’s deposits through Tanishq dropped 19% to ₹3,458 crore in FY25, while Reliance Retail, which runs Reliance Jewels, saw a 5% decline to ₹333 crore.
India Signs Historic One-Year LPG Import Deal with US
In a significant move to enhance India's energy security, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced that Indian public sector oil companies have signed their first-ever one-year agreement...
