National News

Palmonas Makes North India Debut with New Store in Delhi’s Omaxe Chowk

The demi-fine jewellery brand brings its affordable, everyday wear collection to the heart of Chandni Chowk, with Bollywood star Shraddha Kapoor leading the charge.

Published

2 years ago

April 26, 2025

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Demi-fine jewellery label Palmonas has launched its first retail store in North India, opening doors at the bustling Omaxe Chowk in Chandni Chowk, New Delhi. The store showcases a wide selection of lightweight, stylish jewellery designed for modern women and features promotional visuals of Bollywood actress and brand co-founder Shraddha Kapoor.

“Palmonas was born out of the idea to offer stylish, long-lasting, and affordable jewellery for modern Indian women,” said Shraddha Kapoor, India Retailing reported. “Each piece is crafted to complement everyday looks while making a statement. I’m so excited to see our first North India store come to life at such a vibrant location like Omaxe Chowk, Chandni Chowk.”

The new outlet offers a curated range of necklaces, rings, bracelets, and earrings tailored to Indian shoppers looking for contemporary, budget-friendly jewellery. With its focus on tarnish-resistant, lightweight designs perfect for everyday use, Palmonas has built a strong global footprint, shipping to over 200 countries.

“Omaxe Chowk, Chandni Chowk, with its blend of heritage and modern infrastructure, is emerging as a launchpad for such brands,” said Omaxe Group’s executive director Jatin Goel. “Palmonas’ entry here is not just a store opening—it represents the growing appetite for curated, experiential retail that resonates with the next generation of shoppers.”

Founded in Pune in 2022 by Pallavi Mohadikar and Amol Patwari, Palmonas later welcomed Shraddha Kapoor as a co-founder. With this Delhi debut, the brand joins an elite line-up of jewellery labels at Omaxe Chowk, including Tanishq, Malabar, CaratLane, Kalyan Jewellers, Senco, and Kisna, as it continues to expand its presence in India’s thriving jewellery market.

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National News

Volume Growth Surges Hindustan Zinc’s Q2 Silver Revenue By 7%

Silver Continues To Act As A Primary Growth Anchor For Hindustan Zinc, Contributing Approximately 45% Of Total Company Profitability Over The First Half Of FY27.

Published

1 hour ago

October 29, 2026

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Hindustan Zinc Limited (HZL) today announced its operational and financial results for the second quarter of FY27, demonstrating strong resilience as operational volume gains fully offset global commodity price headwinds. Driven by a major surge in silver output, the company reported a record consolidated net profit of Rs 6,412 crore for Q2.

Despite average LBMA silver prices falling 14% quarter-on-quarter to $62.6 per ounce (down from $73.2 in Q1), Hindustan Zinc’s silver revenue expanded 7% sequentially to Rs 4,111 crore, up from Rs 3,839 crore in the preceding quarter.

Key Performance Highlights for Q2 FY27:

Silver Revenue Growth: Increased 7% sequentially to Rs 4,111 crore, accounting for 27% of total revenue and 43% (Rs 3,609 crore) of total segment profits.

Volume Expansion: Silver sales volume jumped 16% quarter-on-quarter (and 17% YoY) to 173 tonnes, powered by a 20% YoY increase in silver production.

Record Financials: Consolidated revenue from operations surged 77% YoY to Rs 15,093 crore. EBITDA reached an all-time high of Rs 9,285 crore (up 108% YoY), expanding operating margins to 62%.

Operational Capabilities: Record mined metal production of 271 kilo tonnes (up 5% YoY) alongside refined lead output reaching 51 kilo tonnes (up 9% QoQ), directly boosting silver recovery from smelting debottlenecking.

Overall Profitability: Net profit rose 142% YoY and 17.2% sequentially to a record ₹6,412 crore.

Silver continues to act as a primary growth anchor for Hindustan Zinc, contributing approximately 45% of total company profitability over the first half of FY27. The company’s integrated metal production and increased smelter capacity successfully shielded overall performance from short-term commodity price dips, sustaining strong shareholder value.