Latest news with #FCD
Time of India
10 hours ago
- Business
- Time of India
Indian cut & polished diamonds exports to decline by 7%-10% in FY26: ICRA
Rating agency ICRA expects the Indian cut & polished diamonds (CPD) exports to further decline by 7-10% in FY2026 on a YoY basis to about $12 billion, after witnessing 20-year low exports in FY2025. This is largely attributable to pressure on demand in the US, exacerbated by uncertainties surrounding the imposition of US tariffs. ICRA has thus maintained its sector outlook at Negative. In FY2025, CPD exports from India contracted by 17% to $13 billion, led by worsened global macroeconomic conditions and increasing competition from lab-grown diamonds (LGD) and fancy-coloured diamonds (FCD). Driven by a shift in consumer preferences for comparatively inexpensive diamonds and their perception of LGD's ethical sourcing, these diamonds have gained momentum, with their market share increasing to 8% of polished diamond exports in FY2025 vis-à-vis 1% in FY2019. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo While the prices of rough diamonds declined by 8% in FY2025 as miners implemented price cuts to boost demand, any considerable correction in rough prices in the near term is unlikely. Miners are expected to curtail their production output in FY2026; controlled supply shall keep rough prices at their current level. Polished diamond prices dropped to an all-time low in H2 FY2025, as demand remained tepid, resulting in the polished diamond prices in FY2025 declining by 7% YoY, after a 17% YoY fall in FY2024. Live Events Q1 is generally a slow quarter for the industry, which, coupled with the evolving tariff situation, is expected to result in range-bound polished prices in H1 FY2026. In FY2025, the operating profit margin (OPM) of ICRA's sample set of CPD companies declined by around 400 basis points to 4%, led by negative operating leverage. ICRA expects the OPM for entities in its sample set of companies to decline further to 3.6-3.7% in FY2026, as the extent of passing on the price increases led by US tariff imposition remains limited in the backdrop of restrained demand. The credit profile of Indian CPD players is likely to remain subdued in FY2026 amid reduced earnings and a stretched working capital cycle. Going forward, inventory management will remain critical from the credit perspective.
The Hindu
15-05-2025
- Health
- The Hindu
Epilepsy surgery performed on pregnant woman at a hospital in Coimbatore
Epilepsy surgery was performed on a woman during the fourth month of her pregnancy at Kovai Medical Center and Hospital (KMCH) in Coimbatore. According to a press release from KMCH, the surgery addressed a congenital brain malformation identified as Focal Cortical Dysplasia (FCD). The patient experienced increased seizure activity during pregnancy, with 10 to 15 seizures daily despite medication. MRI and Video EEG tests were used to locate the source of the seizures. Surgery was carried out during pregnancy due to the severity of the condition. Following the procedure, the patient is reported to be six months pregnant and in stable condition. The foetus is developing normally. The medical team is monitoring her condition and will reassess medication needs after delivery.
Yahoo
17-04-2025
- Business
- Yahoo
French supermarkets agree stable supplier prices for 2025
French supermarkets have concluded their annual negotiations with food industry suppliers, resulting in a "quasi-stability" of purchase prices for 2025. This outcome follows a period of significant inflation in recent years. The Federation of Commerce and Distribution (FCD), representing major French retailers, announced that agreements have been signed with most suppliers, with only a few exceptions remaining. Layla Rahhou, General Delegate of the FCD, stated that the negotiations have concluded, with most agreements finalized. She noted that while contracts with small and medium-sized enterprises were signed well in advance, larger multinational companies delayed until the final days of negotiations. Rahhou also mentioned that some suppliers expressed concerns over the negotiation process, leading to government intervention to ensure compliance with existing laws. The purchase price paid by retailers influences the final price consumers see on store shelves. However, retailers set consumer prices independently, based on various factors including desired profit margins. On average, the purchase price accounts for approximately 72% of the final retail price. For example, for a product priced at €2.50, the retailer's purchase cost would be around €1.80, with the remaining €0.70 covering expenses such as staffing, logistics, rent, and energy, resulting in a modest profit margin. The Egalim laws, designed to protect farmers' incomes during negotiations between retailers and suppliers, have been a focal point of discussion. While the laws aim to ensure fair compensation for agricultural producers, retailers have called for increased transparency regarding the cost of raw agricultural materials. Some suppliers have accused retailers of circumventing these laws by conducting negotiations from abroad, a practice retailers defend as a strategy to strengthen their position against large multinational suppliers. The French government is planning to review the Egalim laws, with discussions expected to take place before or shortly after the summer. Proposed changes include enhancing transparency in agricultural pricing and reinforcing compliance measures to ensure fair practices throughout the supply chain. "French supermarkets agree stable supplier prices for 2025" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
