National News
SAIF Partners pares around 6% stake in Senco Gold for Rs 433 cr
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction. SAIF Partners, through its arm SAIF Partners India IV Ltd, sold shares of Kolkata-based Senco Gold on the BSE.
According to the bulk deal data available on the BSE, SAIF Partners India IV offloaded 45,07,487 shares, amounting to a 5.8 per cent stake in Senco Gold.
The shares were disposed of at an average price of Rs 960.02 apiece, taking the deal value to Rs 432.72 crore.After the share sale, SAIF Partners’ shareholding in Senco Gold declined to 4.97 per cent from 10.77 per cent.
Details of the other buyers of Senco Gold’s shares could not be ascertained.Shares of Senco Gold gained 1.30 per cent to close at Rs 964.35 per piece on the BSE.
National News
GTRI Flags Gold Import Surge Driven By UAE Tariff Concessions
GTRI Said The Figures Showed That The UAE Was Not Merely Another Supplier But Had Emerged As A Principal Driver Of India’s Rising Gold-Import Bill.
A sharp spike in India’s gold bar imports during the first quarter of the 2026-27 financial year has sparked serious economic concerns.
According to a warning report issued by the Global Trade Research Initiative (GTRI), the surging influx—largely driven by massive shipments from the United Arab Emirates (UAE)—threatens India’s current account deficit and directly undermines Prime Minister Narendra Modi’s recent appeal urging citizens to curb unnecessary gold purchases.
GTRI Founder Ajay Srivastava said the figures showed that the UAE was not merely another supplier but had emerged as a principal driver of India’s rising gold-import bill.
India’s total gold imports surged by 47.1% to reach $11.01 billion in the April–June 2026 quarter, up from $7.49 billion recorded during the same period in 2025.
The primary catalyst behind this dramatic increase is the UAE, which saw its gold exports to India more than double over the three-month period.
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