Malabar opens largest jewellery plant at 1k cr in Hyderabad
The facility, which is located on a 4.4-acre parcel of land at the General Park in Maheshwaram, has a capacity to produce 17 kg of jewellery per day, which works out to 6 tonnes of jewellery per annum, including 4.7 tonnes of gold jewellery and 1.8 lakh carats of diamond jewellery, Malabar Group chairman MP Ahammad said on Thursday. The facility will also house a refinery with a capacity to process 78 tonnes of gold per annum, said Nishad NK, executive director, Malabar Group, adding that the company has 14 facilities globally, in India as well as in countries such as UAE, Oman, Qatar, and Saudi Arabia, with a total capacity to make 100 kg of gold and studded ornaments per day.
Malabar Gold & Diamonds India operations managing director Asher O said the refinery will be developed in two phases, with the capacity to refine the internal scrap generated by the factory to start shortly and a larger setup to be completed in the second phase.
You Can Also Check:
Hyderabad AQI
|
Weather in Hyderabad
|
Bank Holidays in Hyderabad
|
Public Holidays in Hyderabad
Inaugurating the facility, chief minister Revanth Reddy said Telangana has emerged as a destination for global investments thanks to policy continuity across successive govts.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Top 5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
"Telangana means business, Telangana means profit. Come and invest in Telangana."
He said the govt will be releasing the 'Telangana Rising 2047' document on December 9, 2025, when his govt completes two years. Reddy also said the govt has formulated plans to build the Bharat Future City in Maheshwaram and develop Hyderabad as a global manufacturing hub.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
29 minutes ago
- Time of India
Karur Vysya Bank unveils 1:5 bonus share issue, sets record date in August
Karur Vysya Bank on Thursday announced a 1:5 bonus share issue, marking its first such move in seven years, alongside reporting a double-digit rise in first-quarter earnings. The private sector lender's board announced the issuance of '1 (one) equity share of face value Rs 2/- each for every 5 (five) fully paid-up equity share of Rs 2/- each held by the Members of the Bank as on the Record Date (mentioned below), subject to the approval of the Members of the Bank at the ensuing AGM and other statutory and regulatory approvals, if any.' Explore courses from Top Institutes in Please select course: Select a Course Category MBA Data Science Project Management Technology PGDM Operations Management Public Policy Digital Marketing Healthcare healthcare Management others Leadership Others Artificial Intelligence Design Thinking CXO Finance Data Science Product Management Data Analytics MCA Cybersecurity Degree Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Redefine Your Future with a Top Online MBA JAIN Online Learn More Undo The record date for determining eligible shareholders is August 26, 2025. This will be the fourth time Karur Vysya Bank has rewarded shareholders with a bonus issue . The previous instances were in 2002 (1:1), 2010 (2:5), and 2018 (1:10). The current issuance will see approximately 16.11 crore equity shares of face value Rs 2 each allotted, amounting to Rs 32.23 crore. Shares of Karur Vysya Bank were trading 0.3% lower at Rs 270.15 on the BSE on Thursday, just below its 52-week high of Rs 277.5. Live Events Q1 Results The bonus issue announcement came alongside the bank's Q1 FY26 results. The lender reported a net profit of Rs 521.45 crore for the June quarter, up 13.7% year-on-year from Rs 458.65 crore in the same period last year. Interest income grew 12% YoY to Rs 2,569 crore, compared to Rs 2,287 crore in Q1 FY25. Also read | Adani Energy Solutions shares down 36% from peak. Can the stock breakout above Rs 940 after Q1 earnings?
Time of India
30 minutes ago
- Time of India
India-UK FTA: Three year exemption from social security contribution in UK major breakthrough, says Piyush Goyal
The three-year exemption from social security contributions in UK as part of the Double Contribution Convention is a "significant breakthrough" for Indian workers and their employers, Union Minister Piyush Goyal said on Thursday. Goyal further said India's talent in IT, services and education will gain from easier access to the UK's high-value markets with the two sides signing the "landmark" trade deal. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Artificial Intelligence Leadership Management Product Management Data Analytics Healthcare Data Science Digital Marketing Others Public Policy others Project Management Technology PGDM Degree Data Science CXO Design Thinking Operations Management Cybersecurity healthcare MCA MBA Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details India and the UK have inked a free trade agreement (FTA) that will slash tariffs on British whisky, cars and an array of items, besides help double bilateral trade by 2030, from USD 56 billion currently. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Paul Gascoigne's Actual House Left Us With No Words - Take A Look Ohi Blog Undo The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. Taking to X, Goyal said: "India's talent in IT, services, and education will gain from easier access to the UK's high-value markets." Live Events He described the three-year exemption from social security contributions in the UK (as part of the Double Contribution Convention) as a significant breakthrough for Indian workers and their employers. "The #IndiaUKFTA will open doors to UK customers, investors, and innovation hubs for our startups, helping them expand their global footprint," according to Goyal. The India-UK FTA is also poised to supercharge India's electronics exports. Zero-duty access is expected to accelerate exports of electronic products with optical fiber cables and inverters set to strengthen India's foothold in the UK market. It would also spur software services growth , as ambitious UK commitments for software and IT-enabled services are seen unlocking new markets, driving job creation, and enhancing opportunities for Indian software firms. Competitive access for software development and network infrastructure is also expected to fuel growth in digital trade.
Time of India
32 minutes ago
- Time of India
IEX Q1 Results: Cons PAT jumps 25% YoY to Rs 120 crore, revenue rises 19%
Indian Energy Exchange (IEX) on Thursday reported a 25% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2025 to Rs 120 crore versus Rs 96 crore reported in the year-ago period. Revenue in the quarter stood at at Rs 184.2 crore, increasing by 19% from Rs 154 crore posted in the corresponding quarter of the last financial year. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Technology Artificial Intelligence Design Thinking Data Analytics CXO others Others Product Management Leadership PGDM Degree Digital Marketing Cybersecurity Operations Management MCA Healthcare Public Policy Finance Project Management Management MBA Data Science Data Science Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Even Beautiful Women Have Their 'Oops' Moments Read More The earnings were announced after market hours and IEX shares plunged 29% to settle at Rs 132.45 on the BSE following the Central Electricity Regulatory Commission's (CERC) formal approval to the implementation of market coupling for India's power sector. India's power trading exchange reported electricity volumes at 32.4 BUs in in Q1FY26 which increased 14.9% YoY. In its filing to the exchanges, IEX said that 52.7 lakh RECs traded during Q1FY26, increasing 149.3% YoY. Live Events More to come...
