LIVE MARKET TRACKER :   BSE SENSEX   26025.80      |    NSE NIFTY 7767.85    
GLOBAL MARKETS :  NASDAQ 4456.016   +0.71%    |    FSI London 6795.34   +0.99%    |    NIKKEI Japan 15343.28   +0.84%
  USD GBP EUR CAD AUD INR
USD - 0.5861 0.7427 1.0737 1.0646 60.16
GBP 1.7065 - 1.2674 1.8323 1.8168 102.663
EUR 1.3468 0.7894 - 1.4461 1.4338 81.0235
CAD 0.9315 0.5459 0.6918 - 0.9917 56.0363
AUD 0.9394 0.5506 0.6976 1.0086 - 56.5131
INR 0.0166 0.0097 0.0123 0.0179 0.0177 -
Indian-Commodity  :  Investment  :  Gitanjali acquires brand Nirvana and Viola along with state-of-the-art manufacturing facility

Gitanjali acquires brand Nirvana and Viola along with state-of-the-art manufacturing facility (13-Dec-2012)

Gitanjali Gems Group Company - Gitanjali Group has acquired jewellery brands, Nirvana and Viola, adding to the vast portfolio of branded jewellery it offers to the Indian consumers. The said brands are acquired through 'Spectrum Jewellery', a step down subsidiary of the company. The company has also acquired state-of-the-art manufacturing facility, based at Andheri in Mumbai where Nirvana and Viola jewellery is been manufactured in the said plant.

While, the acquisitions will help Gitanjali Group to further expand its retail network and increase its market share in the organized retail space, Nirvana and Viola will receive a boost to their brand value from Gitanjali's powerful marketing and distribution capabilities.

Nirvana is a 15 year old diamond jewellery brand and is sold through over 106 shop-in shops across the country, particularly in the West and South which together account for 70% of its revenues. The brand also owns one stand alone store.

Viola is relatively a younger brand and is present in 60 shop-in-shops mainly in the North and West. It offers coloured stones and electro foaming Italian designs for occasion wear and party wear and targets the middle and upper middle classes of society.

Gitanjali Group has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, and polishing etc.


Top News Today
Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens too
(15-Jul-2014)

Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens tooIn yet another encouraging development after four month low headline inflation numbers, provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) softened to 29......click on news to read complete article.

Tata Motors, Infosys and Suzlon to see some action today
(11-Jul-2014)

Tata Motors, Infosys and Suzlon to see some action todayTata Motors-owned luxury car maker Jaguar Land Rover (JLR) has registered its strongest ever half-year sales in 2014 selling over 240,000 vehicles. The UK-based auto major sold 240,372 cars between January......click on news to read complete article.

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyed
(08-Jul-2014)

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyedHaving done a pre-Budget hike of 14.2% in passenger fares and raising freight rates, Railway Minister Sadananda Gowda's will present his maiden Rail Budget amidst expectation of big ticket announcements,......click on news to read complete article.

International Stock News
US markets closed lower amid geopolitical tensions
(22-Jul-2014)

US markets closed lower amid geopolitical tensionsThe US markets closed lower on Monday, as investors remained jittery amid escalating war in Gaza and possible tougher sanctions against Russia. President Barack Obama called for an immediate ceasefire......click on news to read complete article.

US markets closed higher to post weekly gains
(19-Jul-2014)

US markets closed higher to post weekly gainsThe US markets closed higher on Friday, after a sharp sell-off on Thursday, finishing the volatile week with modest gains. Investors focused on earnings reports from companies such as Google Inc and Huntington......click on news to read complete article.

US markets slip after Malaysian Airlines crash in Ukraine
(18-Jul-2014)

US markets slip after Malaysian Airlines crash in UkraineThe US markets fell sharply on Thursday, as selling emerged after a Malaysia Airlines jet crashed near the Ukraine-Russia border. Investors are concerned that US could become more closely intertwined......click on news to read complete article.

 

     
  
Recent Investment News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.