Showing posts from February, 2014

The All India Gems & Jewellery Trade Federation (GJF) presents National Jewellery Awards in 32 categories

Students from renowned institutes from Mumbai, New Delhi, Jaipur, Kolkata, Gandhinagar & Bangalore win scholarships worth Rs. 15 lakhChintamani’s, Titan, Malabar, Anmol, Abaran, PC Chandra amongst winnersRegional jewellery firms also shine: Shree Raj Mahal Jewellers Ltd. (New Delhi) wins 3 awards; Hariprasad Gopi Krishna Saraf Pvt. Ltd. (Gorakhpur) & Hazoorilal & Sons Jewellers Pvt Ltd. (New Delhi) win 2 awards eachThe winners from Mumbai are as follows: Best Platinum Jewellery Design Of The Year - Uni-Design Jewellery Pvt. Ltd.; Best C Z Jewellery Design Of The Year -Dm3 Gems Pvt. Ltd.; Unique Jewellery Design Of The Year -Anmol Jewellers; Paramparik Jewellery of The Year (West) - H.K Jewels Pvt. Ltd.; and Best Diamond Jewellery Of The Year- Bridal - Tikamdas Motiram Jewellers Pvt. Ltd.Anmol Ratna Award to Mr. Arun Kaigaokar of Chintamani's; Yuva Ratna Award to Mr. Mohit Kamboj of India Bullion and Jewel…

Gems & jewellery industry’s apex body GJF demands immediate end to ‘Gold Control Raj’ imposed by the Government

GJF seeks immediate abolition of 80:20 formula for gold import; & reduction of gold import duties to 2% GJF expresses disappointment at Government’s complete ignorance of the G&J industry, which had a size of Rs. 400,000 crore (in 2013) & employs over 2 crore people    GJF demands that gold should not be single handedly held responsible for CADGJF urges Government to discourage smuggling of gold by bringing in right policies
New Delhi, February 26, 2014: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, and all major G&J Trade Associations, has demanded an immediate end to the Gold Control Raj and abolition of the 80:20 formula for gold import introduced by the Government in July 2013. GJF has also demanded a reduction in gold import duties 2% from 10%.  
GJF and all major G&J Trade Associations, who jointly represent o…

Virtuous Retail opens 2nd edition of Dumas Art Project at VR Surat

Street Art Inspired by Bollywood, Urbanisation & Environment Enhances Surat's Cultural Scene from February 22nd-March 23rd 2014

Monday, February 24, 2014: Virtuous Retail, India's largest institutionally owned developer-operator of lifestyle shopping centers, is delighted to announce opening of the 2nd edition of Dumas Art Project 2014 at VR Surat with over 15 artists and curated art works across key themes such as environment, urbanisation and pop culture.  In keeping with Virtuous Retail’s commitment to championing public art their VR branded Flagship Centers, the festival provides a platform to emerging artists with art installations on display from February 22 to March 23rd, 2014. Dumas Art Project also marks the Phase III launch of VR Surat, which will celebrate the tourism potential of the city through a campaign titled “Chalo Surat!”.

Promoted, hosted and organised by VR Surat, the inaugural Flagship Retail Center from the Virtuous Retail portfolio, the Dumas Art Proje…

Virtuous Retail’s Paresh Mishra honored at Asia Retail Congress

By Aryan Rana
Mumbai, February 21, 2014 – Asia Retail Congress, Asia’s most important global platform to promote world-class retail practices, honoredParesh Mishra, Director – Operations, Western Region, Virtuous Retail, as one of the 50 Most Talented Retail Professionals in India.

Mishra, who has over 23 years of experience in retail and hospitality, joined Virtuous Retail in July 2013. He covers managerial, commercial, marketing and compliance functions for VR Centers under his helm, and is responsible for the operations of all VR Centers in Western India with direct responsibility of Virtuous Retail’s community oriented lifestyle destination, VR Surat.
Anupam Yog, Director – Marketing, Virtuous Retail said “We are delighted and proud of Paresh’s accomplishment and are sure he will continue with even more successes. His specific experience in hospitality and retail real estate gives him a unique perspective to steer VR Centers, which are designed as community oriented shopping destina…


A Three-Day Campaign of Celebrations to share with your Loved Ones
February 14th - 16th 2014
February 13, 2014 – At the occasion of Valentine's Day, VR Surat intends to show some love to its visitors with a set of memorable experiences. From February 14th to 16th, VR Surat will host a 3-day long campaign called ‘Love Blossoms’ that includes non-stop celebrations for you, your parents and siblings this Valentine.

Love is in the air this spring with special activities organized for all members of the family at Gujarat’s only world-class community centric lifestyle destination. The Runway and other select venues at the center will be the hub of fun and bonhomie with events such as Instant Photography and Say it with Flowers - Message Tree on the 2nd floor of the Center.
In a dedicated area, shoppers participating in Instant Photography will be able to capture memorable moments with their loved ones and share them on social media, or take a print as a keepsake forever. Visitors will also …

PC Jeweller’s Q3 Net Profit stands at Rs 79.98 crore

Leading jewellery brand PC Jeweller Limited (PCJ) has announced its October-December quarter results for the financial year 2013-2014. The company reported a net profit of Rs 79.98 crore for the third quarter of FY2014 whereas the net sales stood at Rs 1297.95 crore.  
The topline of the company comprised of a domestic turnover of Rs 1033.96 crore and export turnover of Rs 263.99 crore. The company’s profit before finance costs and exceptional items was reported as Rs 152.72 crore for Q3 FY2014 and the EPS for the quarter was Rs 4.47.
For the nine-months comrising April – December, the company reported a net profit of Rs 272.74 crore whereas the net sales stood at Rs 3788.68 crore for 9MFY2014.  
For the same nine-months period, the topline of the company comprised of a domestic turnover of Rs 2898.5 crore and export turnover of Rs 890.15 crore. The company’s profit before finance costs and exceptional items was reported as Rs 454.90 crore for 9M FY2014 and the EPS was Rs 15.23.
In th…

President of Zanzibar visits Everest Spices Manufacturing Facility in Mumbai

Everest Spices signs MOU with Zanzibar to set up spices manufacturing unit in Africa
Mumbai, February 10, 2014: Everest Spices, India’s leading spice manufacturer, distributor and marketer, signed an MOU with Zanzibar to set up its first overseas spices manufacturing unit in the African country. The MOU was signed on the occasion of the visit of His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), visited the ultra modern Manufacturing facility of Everest Spices (makers of Everest Masala), a leading manufacturer and distributor of spices in Mumbai. He was given a warm reception on his arrival by Mr. Vadilal Shah, Chairman together with Mr. Sanjeev Shah & Mr. Rajeev Shah, Executive Directors, Everest Spices.
His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), said, “This is my second visit to India and we, in Zanzibar & Tanzania have been closely collab…

Virtuous Retail announces brand launch of VR Bangalore-Opening in spring 2015

Partners blueFROG and Unveils “Whitefield Blues” Musical Festival
Virtuous Retail, India's largest institutionally owned developer-operatorof lifestyle shopping centers, announced the Brand Launch of its Flagship Retail Center VR Bangalore at a gala event held at the Retail Leadership Summit. Following the successful launch of VR Surat in May 2013 which also saw the debut of Zara in Gujarat, VR Bangalore is the second retail lifestyle destination in a series of developments under the Virtuous Retail umbrella in key locations across India’s top cities including Chennai, Mumbai, Pune and Kolkata. On the occasion of the Brand Launch, Virtuous Retail announced its partnership with blueFROG, India’s premiere live music performance club which will open doors at VR Bangalore, and will be a part of an exclusive collection of luxury and super-premium retail, entertainment and F&B brands.
As part of Virtuous Retail’s 'Connecting Communities' programme, VR Bangalore will play host …

Tree House Education Q3FY14 net rises 50.31% to INR 12.10 cr

Total Income up 36.67% to INR 39.73 cr
ØNew cities launched in the quarter are : Jodhpur and Udaipur
ØPlans to open new preschools in 10 new cities

ØPreschool Education Advisory Board headed by Dr. Prerna Mohite constituted
Tree House Education and Accessories Limited (‘Tree House”), which runs quality pre-schools and also provides educational services to K-12 schools throughout India, posted a 50.31%  y-o-y growth in its net profit for the quarter ended December 31, 2013 (Q3 FY14) amounting to INR 12.10 crore. The total revenue grew by 36.67% to INR 39.73 crore during Q3 FY14.  The EBITDA for Q3 FY14 is INR 24.53 cr compared to INR 16.31 cr for the 3rd quarter of FY2013, representing 50.39% y-o-y growth. The operational EBITDA margin for Q3 FY14 was 61.74% and the net profit margin was 30.44%.
Tree House had a net addition of 18 pre-schools in Q3 FY 2014 and the total number of centres as of December 31, 2013, was 444 across 57 cities. Out of this, the number of self-operated centres was …