TBZ.NSETribhovandas Bhimji Zaveri Ltd
TBZ.NSE
Tribhovandas Bhimji Zaveri Ltd118
Indian shares extend losses after Tuesday’s selloff; rupee slumps to record low
Indian shares fell on Wednesday, extending losses after their steepest drop in over eight months in the previous session, as global trade and geopolitical woes continued to fuel foreign selling. The Nifty 50 fell 0.3% to 25,157.5 while the BSE Sensex eased 0.33% to 81,909.63, both logging fresh three-month lows. The indexes fell 1.4% and 1.3% on Tuesday. Asian stocks extended losses to a third session amid mounting tensions over President Donald Trump’s threats to acquire Greenland and reignite a trade war with the European Union. Weak domestic earnings, marked by misses from heavyweights such as Reliance Industries and ICICI Bank, and foreign outflows have also dragged Indian shares. Twelve of 16 major sectors logged losses. The small- and mid-caps lost 0.9% and 1.1%, respectively, to close at eight-month and three-month lows. “A wave of global turbulence has washed over domestic equities, dragging markets lower, not because of weakening fundamentals at home, but due to a dramatic shift in global risk appetite,” said Deven Choksey, managing director at DRChoksey FinServ. “As U.S. bond yields rise and geopolitical tensions escalate, fueled by fresh tariff threats, investors worldwide are racing to de-risk their portfolios, unleashing a renewed bout of foreign outflows from India”.
cityfalcon.com·2mo ago
Indian jeweller Tribhovandas Bhimji Zaveri's quarterly profit rockets 170%
Jan 20 (Reuters) - Indian jewellery retailer Tribhovandas Bhimji Zaveri reported a 170% surge in third-quarter profit on Tuesday, buoyed by strong festive demand and higher store footfalls during the
cityfalcon.com·2mo ago
Gold gone in a week: New salesman flees with gold bangles worth 13L from jewellery store
Surat : In a shocking case of theft at one of Surat's most reputed jewellery stores, a newly hired salesman at Tribhovandas Bhimji Zaveri (TBZ) made a.
cityfalcon.com·10mo ago
US demand squeezes India’s gold supply, leasing rates rise to record
MUMBAI: Gold leasing rates in India have doubled within a month to a record high, following the overseas market, where rates jumped due to a supply crunch as global banks divert the precious metal to the United States, industry officials told Reuters. Higher leasing rates are driving up jewelery production costs in the world’s second-largest gold consumer and could squeeze margins of jewelers such as Titan, Kalyan Jewellers, and Tribhovandas Bhimji Zaveri. Gold leasing rates, which traditionally hover around 1.5% to 3%, have more than doubled in a month and could rise further, Shekhar Bhandari, president and business head of Kotak Mahindra Bank told Reuters. “Given the geopolitical uncertainty, trade war, and benefit arising out of higher futures prices on CME as compared to spot, it seems leasing rates will remain elevated for the next few months,” he said. Global bullion banks are flying gold into the United States from London, Switzerland, and Asian hubs such as Dubai and Hong Kong to capitalise on the unusually high premium of U.S. gold futures over spot prices, Reuters has reported.
cityfalcon.com·1y ago
U.S. demand squeezes India's gold supply, leasing rates rise to record
Gold leasing rates in India have doubled within a month to a record high, following the overseas market, where rates jumped due to a supply crunch as global banks divert the precious metal to the United States, industry officials told Reuters. Higher leasing rates are driving up jewellery production costs in the world's second-largest gold consumer and could squeeze margins of jewellers such as Titan, Kalyan Jewellers, and Tribhovandas Bhimji Zaveri. Gold leasing rates, which traditionally hover around 1.5% to 3%, have more than doubled in a month and could rise further, Shekhar Bhandari, president and business head of Kotak Mahindra Bank told Reuters.
cityfalcon.com·1y ago
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