Latest news with #Indias
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
Divine Blessings in Silver: MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series Honouring India's Spiritual Compass
Aesthetically created with the Finest Swiss Craftsmanship, each coin celebrates one of the Char Dham and its significance The colourful coins weigh 20 grams each and are made from 99.99%+ purest silver, making them ideal for collectors, gifting and spiritually inclined customers Honouring the cultural and spiritual significance of the Char Dham Yatra, MMTC- PAMP, Indias only LBMA accredited Good Delivery Gold & Silver refiner and recognised as the purest precious metal brand in Asia and India, has launched a set of four (20 gram each) purest silver coins paying homage to Indias most revered pilgrimage destinations – Badrinath, Dwarka, Puri, and Rameswaram. MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series Each 20-gram coin in this exclusive set is crafted from 99.99%+ purest silver, ensuring the highest purity standards while celebrating the architectural grandeur and spiritual significance of these four sacred sites. Additionally, each coin captures the unique mythological significance and distinct architectural essence of the respective pilgrimage site, making this collection a comprehensive tribute to Indias spiritual geography. Speaking about the launch of the Char Dham collection, Mr Samit Guha, Interim CEO and CFTO of MMTC- PAMP, said, 'Our Char Dham collection is a uniquely crafted tribute to the four holiest pilgrimage sites of India, spread across four corners – Badrinath in the north, Dwarka in the west, Puri in the east, and Rameswaram in the south. Each of the four coins in this set celebrates one of the Char Dhams, capturing the spiritual, cultural significance, architectural marvel, and the beautiful landscape. Each piece in this collection tells a centuries-old story of devotion, connecting contemporary collectors with Indias timeless spiritual heritage through the finest Swiss craftsmanship.' Embodying centuries of devotion and mythology, the colour-embossed Char Dham collection is more than just precious metals. These coins represent the spiritual journey, or yugas, of India, encompassing the Char Dham across the country, as espoused by the 8th-century Vedic scholar and philosopher Shri Adi Shankaracharya. MMTC-PAMP's Char Dham Collection offers an exceptional value proposition for collectors who appreciate quality craftsmanship and purity. This collection is ideal for spiritual customers looking to celebrate the auspiciousness of these pilgrimage sites for religious occasions, festivals, and ceremonial celebrations. Furthermore, investors benefit from a precious metal investment that combines cultural and historical significance with Swiss-quality manufacturing, ensuring premium collectable status and potential appreciation due to limited availability and deep thematic relevance. The Char Dham pilgrimage is considered a spiritual journey, cleansing the soul and deepening connection with the divine. The Char Dham collection by MMTC-PAMP is a tribute to this sentiment offering the purest silver with a commitment to showcase India's deep rooted cultural, civilizational values and celebrating the test of endurance and faith through these coins. Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ (99.99%+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP's own website, About MMTC-PAMP A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is Indias First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country's only brand providing the purest gold and silver coins and bars with 99.99%+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India's Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.
Business Standard
14-07-2025
- Business
- Business Standard
Vegetable Oil import dips 8% on year in Jun-25
According to a latest update from the Solvent Extractors Association of India, Indias vegetable oils (edible & non-edible) imports for June, 2025 totalled 1,549,825 tons compared to 1,550,659 tons in June 2024, more or less same compared to same month of last year. This includes 1,531,328 tons of edible oils and 18,497 tons of non-edible oils, however, sharp increased compared to May 25 import of 1,187,068 tons. In first eight months of the oil year 2024-25 (November 2024-June 2025), total vegetable oil imports reached 9,434,593 tons, down by 8% from 10,229,106 tons in the same period last year. (The import of edible oils data does not include import from Nepal).
Business Standard
07-07-2025
- Business
- Business Standard
India's forex reserves rise $4.84 billion to $702.78 billion
Indias foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4. Foreign currency assets surged by $5.75 billion to $594.82 billion. Gold reserves fell by $1.23 billion to $84.5 billion during the reported week, while special drawing rights (SDRs) rose by $158 million to $18.83 billion. Indias reserve position with the International Monetary Fund (IMF) also increased by $176 million to $4.62 billion, central bank data showed.
Time of India
26-06-2025
- Business
- Time of India
India's digital economy to cross $1 trillion by 2030: Bessemer Report
BENGALURU: India's digital consumer market is set to cross the $1 trillion mark within a decade, fueled by mobile-first behavior and a wave of new consumer brands, according to a new report by Bessemer Venture Partners. Tired of too many ads? go ad free now The report, titled Click, Shop, Repeat , finds that rising smartphone usage, affordable mobile data and seamless payments have created a 'triple engine' of commerce, content and consumer discernment, making India one of the most dynamic digital economies globally. 'Even if this grows at a simplistic rate of 20% every year, it will still cross the trillion-dollar mark,' said Anant Vidur Puri, Partner at Bessemer Venture Partners, one of the authors of the report. 'Time spent on the phone is just going up and up, access to products is far easier, and consumer aspirations have surged. What used to be a trip to the mall and a visit to the movies has now become a mobile-first experience,' he told TOI in an interaction. The report highlighted that mobile internet penetration, with roughly 800 million smartphone users averaging almost eight hours a day online, is reshaping commerce and brand-building. According to the findings, digital platforms have evolved into virtual shelves that enable smaller, niche consumer brands to find national prominence almost instantly. 'If you can be a new disruptor, a new trend, a unique thing in the market, the new consumer is looking for you, and platforms will come and get you. A brand can now get listed on 20 platforms almost without doing anything. That has changed in the last ten years and why it's a great time to build a brand,' Puri said. Tired of too many ads? go ad free now The report also underscored the growing significance of consumer retention and its impact on long‑term growth. 'A brand can scale very rapidly, but eventually you have to live up to the test. Retention is the single most important thing, it changes your time to revenue predictability, reduces your marketing working capital, increases your Ebitda, and reduces your cash burn. You have to solve one thing, and that is retention,' Puri added. Bessemer's findings point out that India's digital consumer market comprises many niches, making precision in pricing and positioning vital for new brands. 'India is many Indias. What's affordable for one person is different from what's affordable for someone else. You have to define very clearly, is your TAM a Rs 100 lipstick, a Rs 500 lipstick, or a Rs 1,999 lipstick? At each price point, someone will consider it 'cheap' and someone else 'expensive',' Puri said. With an estimated 600 million people in India born after 2001, the consumer trend is being shaped by a generation for whom mobile commerce and digital payments are second nature. 'All of them, by the time they went to college, existed in a world where smartphones, blazingfast internet and e‑commerce were just facts. This generation spends more than 50% of their waking time online, that's where they shop, watch movies, consume content, learn and spend. This is what gives us the conviction that the digital economy will continue to compound for years to come,' Puri said. According to the report, this trend positions India to join the likes of China, where digital commerce accounts for more than 15% of the overall economy, highlighting a long runway for growth. Puri added, 'the quick commerce phenomenon, this brand‑building playbook, almost how do you build a brand for a billion Indians, you don't have to learn from the US. In India, it's about making brands relevant within the cultural context. These are lessons global markets can learn from India.'
Time of India
25-06-2025
- Business
- Time of India
India's digital economy to cross $1tn by 2030: Report
Bengaluru: India's digital economy is set to cross the $1 trillion mark by 2030, according to a report by Bessemer Venture Partners. The report, titled "Click, Shop, Repeat," highlights that mobile-first behaviour and a wave of new consumer brands are driving this growth. Rising smartphone usage, affordable mobile data, and seamless payments have created a "triple engine" of commerce, content, and consumer discernment, making India one of the most dynamic digital economies globally. "Even if this grows at a simplistic rate of 20% every year, it will still cross the $1 trillion mark," said Anant Vidur Puri, partner at Bessemer Venture Partners and one of the authors of the report. "Time spent on the phone is just going up and up, access to products is far easier, and consumer aspirations surged. What used to be a trip to the mall and a visit to the movies has now become a mobile-first experience," he told TOI in an interaction. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The report highlighted that mobile internet penetration, with roughly 800 million smartphone users averaging almost eight hours a day online, is reshaping commerce and brand-building. According to the findings, digital platforms evolved into virtual shelves that enable smaller, niche consumer brands to find national prominence almost instantly. "If you can be a new disruptor, a new trend, a unique thing in the market, the new consumer is looking for you, and platforms will come and get you. A brand can now get listed on 20 platforms almost without doing anything. That changed in the last ten years and why it's a great time to build a brand," Puri said. The report also underscored the growing significance of consumer retention and its impact on long-term growth. "A brand can scale very rapidly, but eventually you have to live up to the test. Retention is the single most important thing, it changes your time to revenue predictability, reduces your marketing working capital, increases your Ebitda, and reduces your cash burn. You have to solve one thing, and that is retention," Puri findings point out that India's digital consumer market comprises many niches, making precision in pricing and positioning vital for new brands. "India is many Indias. What's affordable for one person is different from what's affordable for someone else. You have to define very clearly, is your TAM (total addressable market) a Rs 100 lipstick, a Rs 500 lipstick, or a Rs 1,999 lipstick? At each price point, someone will consider it 'cheap' and someone else 'expensive'," Puri said. With an estimated 600 million people in India born after 2001, the consumer trend is being shaped by a generation for whom mobile commerce and digital payments are second nature. "All of them, by the time they went to college, existed in a world where smartphones, blazing fast internet and e-commerce were just facts. This generation spends more than 50% of their waking time online, that's where they shop, watch movies, consume content, learn and spend. This is what gives us the conviction that the digital economy will continue to compound for years to come," Puri said. According to the report, this trend positions India to join the likes of China, where digital commerce accounts for more than 15% of the overall economy, highlighting a long runway for growth. Puri added, "the quick commerce phenomenon, this brand building playbook, almost how do you build a brand for a billion Indians, you don't have to learn from the US. In India, it's about making brands relevant within the cultural context. These are lessons global markets can learn from India."
