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Diamond City stares at gloomy paydays under Trump tariff cloud

October 04, 2025

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Business Standard

For Gauravbhai Patwa, who is running diamond operations for three decades, this is the “worst-ever” downturn. He has just secured an order for a necklace worth ₹3.5 lakh.

“The necklace has ₹2.5 lakh in gold, ₹45,000 in labour, and only ₹35,000 worth of diamonds,” he says. “You can’t change gold prices. Labour charges are fixed. Even if I take a 100 per cent markup on diamonds, I could make just ₹17,000.” This underscores the imbalance: Gold now outweighs diamonds.

المزيد من القصص من Business Standard

Business Standard

ACC’s profit plunges 63%

Cement major ACC’s consolidated profit, attributable to owners of the company, for the third quarter of the financial year 2025-26 (Q3FY26) fell 62.97 per cent year-on-year (Y-0-Y) to 404.21 crore, amid a high base effect from Q3FY25 and increase in costs.

time to read

2 mins

January 29, 2026

Business Standard

Business Standard

Voice AI is India’s next UPI moment: Nandan Nilekani

In a world dominated by the artificial intelligence (AI) race, Nandan Nilekani, chairman of Infosys and cofounder of Ek-Step Foundation, said voice AI is the only practical interface for achieving true digital equality in India.

time to read

2 mins

January 29, 2026

Business Standard

Business Standard

Only native EU carmakers may get import tariff relief

Move to block non Europe firms from using lower duty to dump cars in India

time to read

1 mins

January 29, 2026

Business Standard

Pramerica promoters look to sell major stake

Promoters of Pramerica Life Insurance, a joint venture between an arm of Piramal Finance and Prudential International Insurance Holdings, have approached multiple life-insurance companies for selling their entire stake, multiple sources told Business Standard.

time to read

2 mins

January 29, 2026

Business Standard

SBI Life’s profit rises 5%

SBI Life Insurance on Wednesday reported a nearly 5 per cent year-on-year (Yo-Y) increase in net profit at %577 crore in the third quarter of 2025-26 (Q3FY26), weighed down by an increase in expenses, although premium income grew robustly.

time to read

1 min

January 29, 2026

Business Standard

Recalibrating the tax framework for sovereign wealth funds

With right incentives, they could be cornerstones of Indian growth

time to read

3 mins

January 29, 2026

Business Standard

Business Standard

'India's outlook in 2026 looks better than in 2025'

Q&A Patterns from last year are continuing, with global markets across asset classes-equities, gold, silver, even Bitcoin-rising, while Indian markets lag, says Ashish Gupta, chief investment officer, Axis Mutual Fund. In an interview with Abhishek Kumar and Samie Modak in Mumbai, Gupta says India's outlook this year is better than in 2025 on earnings improvement and valuation moderation. Edited excerpts:

time to read

2 mins

January 29, 2026

Business Standard

‘Volume growth improving with most firms’ sequential improvement’

Marico expects consumption trends to remain stable. In a video interview, Saugata Gupta, managing director and chief executive officer, talks with Sharleen D'Souza about the company’s plans on its latest acquisition and margin improvement. Edited excerpts:

time to read

3 mins

January 29, 2026

Business Standard

30% duty reduction on imported wine offered to make sector competitive

India’s free trade agreement (FTA) with the European Union (EU) protects the country’s alcoholic beverages (alcobev) industry and will help it to become competitive as import duties are gradually reduced on select wines, said industry officials on Wednesday.

time to read

1 mins

January 29, 2026

Business Standard

CSB Bank profit falls; shares plunge 16%

Thrissur-based CSB Bank has reported a marginal rise in net profit during the third quarter of the current financial year (Q3FY26) to %153 crore, as against %152 crore during the same period in FY25.

time to read

2 mins

January 29, 2026

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