National News
Shringar – House of Mangalsutra files IPO papers with SEBI
Leading mangalsutra brand Shringar House of Mangalsutra has filed IPO papers with SEBI to raise *Rs 250 crore* for working capital & general corporate purposes. The IPO is entirely a fresh issue of *2.43 crore equity shares.
Financial Performance
Fiscal 2024 Revenue: ₹1,101.52 crore (up 16% from ₹950.22 crore in FY23)
* Profit After Tax (PAT) for FY24: ₹31.10 crore (up 33% from ₹23.36 crore in FY23)
H1 FY25 (as of September 30, 2024)
Revenue: ₹687.13 crore
PAT: ₹33.03 crore
National News
MCX Gold, Silver Decline On Weak Global Cues
Global Spot Gold Just Touched An Eight-Month Low, Dipping Below The $4,000 Psychological Barrier
India’s MCX gold prices took a heavy hit, dropping over Rs 1,650 (1.2%) to hover around Rs 140,750 per 10 grams. Silver didn’t escape the pressure either, sliding below the Rs 218,600 per kg mark.
What’s driving the sell-off? A weak international market. Global spot gold just touched an eight-month low, dipping below the $4,000 psychological barrier, while spot silver tumbled under $58 per ounce. Both metals are currently down up to 1.5%.
Meanwhile, energy markets are playing it cool. Crude oil remained virtually flat, with Brent scraping $74 per barrel and US WTI holding steady near $71.
-
National News3 hours agoMCX Gold, Silver Decline On Weak Global Cues
-
GlamBuzz3 hours agoGauri Khan Elevates Wedding Glamour In Blue In Zoya Jewels At The Wedding Of Revati Sule
-
BrandBuzz24 hours agoTanishq’s “Souls in Symphony” Campaign: Celebrating Sisterhood
-
National News21 hours agoCorrection In Gold Prices Prompts Margin Calls On Some Bullet‑Repayment Gold Loans
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.