In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
The international technology group SCHOTT will be presenting solutions in the areas of security and fire protection, as well as architecture and design, at BAU 2013. One particularly spectacular highlight at the exhibition will be the ...
Tags: SCHOTT, BAU, 2013, security and fire protection
KappAhl announced results for quarter one fiscal year 2012-13. Increased sales and strong gross margin – Women’s assortment back at a good sales level -Net sales increased by 4.4 per cent for the quarter. Of this, the ...
Tags: KappAhl, quarter one, fiscal year
Two of America’s largest retailers reported their earnings from the Christmas holiday shopping season and the results are confusing, to say the least. Tiffany & Co., said sales in the Americas region (mostly consists of the ...
Tags: Jewellery Sales, Jewellery, jewellery brands
Digital Lumens receives $10 million in investments, ByteLight signs Solais Lighting as licensed lighting partner, SemiLEDs reports first quarter results, Acuity purchases Adura Technologies, and Rubicon closes a $25 million secured ...
Tags: Digital Lumens, Solais Lighting, SemiLEDs, LEDs
Wal-Mart Stores, Inc. announced that Enrique Ostalé, president and CEO of Walmart Chile, formerly D&S, has been named executive vice president, president and CEO of Walmart Latin America, where he will oversee Walmart’s ...
Tags: Wal-Mart Stores, Enrique Ostale, CEO
In third quarter ending December 31 of the fiscal year 2012-13, Indian steelmaker JSW Steel Ltd’s crude steel production increased by eight percent compared to the corresponding period of the previous fiscal year. JSW produced 2.09 ...
Tags: JSW, third quarter, crude steel
Revenue at Infosys grew in the fourth quarter, but profit fell as a result of a wage rise and investments in newer businesses. Revenue for the quarter was $1.9 billion, up 5.8% from the same quarter last year, helped by the company's ...
Tags: Infosys, revenue, acquisition, Lodestone Holding
North Slope crude oil production for the last six months has been trending below levels forecast by Alaska's revenue department, according to production data made available by the department Friday. Production has averaged 513,629 b/d for ...
Tags: Alaska, Oil Production, Mineral
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has agreed to acquire the Kopin Wireless compound semiconductor epiwafer manufacturing division of Kopin Corp of Taunton, MA, USA (including its leased manufacturing ...
Tags: IQE, UK, Kopin Wireless, semiconductor, KTC
US retail giant Supervalu has clawed itself out of the red for its fiscal third-quarter, but sales dropped 5% due to a "distressed" consumer climate. Net sales for the 12 weeks to 1 December fell by 5% on the same period of last year, ...
According to the Society of Indian Automobile Manufacturers (SIAM), Indian motor vehicle production in December last year increased 1.2 percent as compared to December 2011 and was up 3.1 percent month on month with 1,697,625 vehicles ...
Tags: India, SIAM, motor vehicle, light vehicle, December
Indian steel giant Tata Steel forecasted that its sales would rise in the fiscal year 2013/14 (during April 1st, 2013 through March 31st, 2014), stimulated by increased demand. It’s learned that steel demand from India and Europe ...
Tags: India, steel giant Tata Steel, fiscal year
Acuity Brands, Inc., a market leader in innovative energy-efficient lighting and control solutions, today announced it has acquired the assets of Adura Technologies, Inc. (“Adura”), a leading developer of wireless controls and ...
Tags: Acuity Brands, lighting and control solutions, Adura Technologies
A string of successful product introductions helped Bassett Furniture Inds.record a 21.4%sales increase in the quarter ended Nov.24. The company said the increase was driven by its Bassett Home Furnishings retail stores and independent ...
Tags: sales increase, successful product, investment, furniture