Gems and jewellery exports declined by 12.17% to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and jewellery exports in FY23 stood at Rs 3,01,925.97 crore (USD 37,646.17 million), according to GJEPC data.

Amazon.com's advertising executive Colleen Aubrey, a member of the elite internal team advising the CEO, is moving to a new undisclosed position at the company. Spokeswoman Kristin Mariani said Aubrey's new position would be announced later. She has held the role for nearly three years. Aubrey is a member of the so-called "S-team," which counsels CEO Andy Jassy.

The fiscal 2023-24 was undoubtedly a good year for stock markets in general, thus delivering an impressive return of 30% to the benchmark index of Nifty50. No wonder then the stocks and mutual funds drew investors galore. It will, therefore, not come as a surprise that a total of 185 new fund offers, or NFOs, were launched in fiscal 2024, raising a whopping ₹66,364 crore, shows the AMFI data.

Oil prices are up around 16 per cent so far this year near the $90 per barrel-mark, with supply worries high given escalating Middle East tensions between Iran and Israel and back-to-back attacks on energy infrastructure between Ukraine and Russia. The rise in prices comes after crude oil had cooled down as the Organisation of Petroleum Exporting Countries (OPEC).

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement. The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US.

Spotting a multi-year growth opportunity for affordable housing finance companies, domestic brokerage firm Nirmal Bang has initiated coverage on Home First Finance Company (HFFC) and Aavas Financiers. HFFC gets a ‘buy’ recommendation with a target price of Rs 1,150 while Aavas has a ‘buy’ recommendation with a target price of Rs 1,775.

Premier Energies, one of the largest solar cell and solar module manufacturers, has filed preliminary papers with the capital markets regulator SEBI to raise funds via an initial public offering. The IPO consists of a fresh issuance of equity shares worth Rs 1,500 crore by the company, and an offer-for-sale (OFS) of 2.82 crore equity shares by the existing shareholders.

📌SIP inflows jumped 35% on Y-o-Y basis to ₹19,271 crore in March 2024 compared to inflows of ₹14,276 crore in March 2023. 📌Open ended equity mutual funds witnessed inflows of Rs. 5,583 crore in March 2024. The net AUM of the overall mutual fund industry stood at ₹23.49 lakh crore. 📌India’s forex reserves rose for the seventh straight week to hit a record high of $648.56 as of 5th April 2024.

Next week's earnings reports from some of the market's biggest tech and growth companies could prove an important test for U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led S&P 500 to a 24% gain last year.

We're barreling through earnings season, and soon we'll be learning how Etsy (NASDAQ: ETSY) performed in its most recently completed quarter. In an instance of interesting timing, one analyst got notably more bearish about prospects for the handmade-goods website operator. In fact, he knocked his recommendation down a peg while chopping his price target on the stock.

The stocks of Block and Paypal have been on rollercoaster rides the past few years. However, both stocks are set up to have strong years in 2024. 📌Block is best known for its Square ecosystem, which was first designed to allow sellers to accept credit and debit card payments from their phones or tablets. 📌PayPal is best known for its namesake payment platform.

Billionaire Mukesh Ambani-led Reliance Industries will announce its January- March quarter results for fiscal 2023-24 (Q4 FY24) on Monday, April 22. The company's board will also consider and approve a dividend for FY24. The oil-to-telecom conglomerate is likely to report stronger revenues and operational performance in the March quarter driven by its telecom and retail businesses.

Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹800 crore through an initial public offering (IPO). The public issue is a combination of a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of up to ₹300 crore by promoters and the promoter group entities.

Ola Cabs IPO: Ride-hailing aggregator Ola Cabs aims to secure $500 million through its initial public offering (IPO), targeting a valuation of approximately $5 billion, news agency Reuters reported on Friday. As stated by sources in the report, Ola plans to submit its IPO papers for approval to the Securities and Exchange Board of India (SEBI) within the next three months.

Sanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress. Speaking at an event here on Friday night, Puri, also the chairman and managing director of ITC Limited, said that the present juncture is an interesting moment. Puri said that there are lots of opportunities in India which has a huge talent pool.