Goldiam International announced that post the acquisition of Eco-Friendly Diamonds LLP, a successful CVD diamond growing company, the Company has successfully beta tested and completed a soft launch for a B2B Ecommerce website catering to a new market segment within the US Retail
Jewelry industry.
With this, the Company hopes to create new avenues for a digital push and secure more business on more favorable payment terms and higher margin profile.
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Broker s call: Asahi India (Buy)
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Updated on
CMP: ₹274.50
Asahi India Glass (AISG) along with a consortium of glass manufacturers filed for the imposition of countervailing (CVD)/anti-subsidy duty on the import of ‘clear float glass’ from Malaysia with the designated authority. The conclusion of the investigation has led to imposition of over 10 per cent additional CVD on key Malaysian exporters.
This action coupled with the earlier renewed anti-dumping duty (ADD) could effectively lead to price increase of imports into India by about 19-34 per cent (assuming other costs are stable).
For example: If the CIF/landed value of exports to India by Xinyi for PUC is US$250/MT, Xinyi has to pay $22.87/MT as ADD and $24.35/MT (as CVD. With the same price of exports, other exporters will be paying $76/MT as ADD, and $10.05/MT as CVD.