GJ Town India

A tightening impact on lending standards! According to Nick Kounis, Head Financial Markets Research, ABNAmro, ‘loan demand reflects Eurozone economic weakness!’ By focussing Euro Macro, Nick says, corporate demand for bank loans now stagnating – The ECB’s Bank Lending Survey (BLS) for 2019Q1 was published. In contrast to what banks had expected in 2018Q4, lending standards on loans to non-financial companies did not tighten in 2019Q1, but remained unchanged. On balance, banks reported that cost of funds and balance sheet constraints (driven by costs related to banks’ capital position) had a tightening impact on lending standards. Also banks’ risk perceptions had had a tightening impact, for the first time since the start of 2017. However, these tightening factors were offset by an easing impact of increased competition. The forward looking part of the BLS showed that banks expected to ease lending standards slightly on balance in 2019Q2. On the other side of th...

PNG Jewellers, India’s trusted jewellery brand added golden feathers to its cap this award season. The brand has won for ‘the most innovative Marketing Campaign – Radio’ and ‘Retail Chain of Stores’ at Retail Jewellers Guild (RJG) awards 2018 held in New Delhi. They also bagged an award at GJTCI (Gem and Jewellery Trade Council of India) Excellence Awards as ‘Regional Retail Chain of the Year – West Zone’. Last year in 2017, PNG Jewellers was awarded with ‘The best 360 marketing campaign of the year’, the ‘National Diamond jewellery’, ‘Best Paramparik Gold Jewellery of the year’ and ‘Social Media Campaign of the Year’.  PNG Jewellers is working rigorously on their expansion of retail stores. They have 27 stores globally and lately they have also announced their expansion plan through franchise model which will surely help them grow and reach to deeper markets in India and overseas. The company plans to have a deeper penetration in the state of Maharashtra along with e...

Tanya awarded with Women Entrepreneur of the Year! Jewellery connoisseur Tanya Rastogi added another feather to her cap by becoming the Women Entrepreneur of the Year at the GJTCI Excellence Awards, 6th edition, held in Ahmedabad, on October 2, 2018. Curator of Jewels of Awadh & Karnaphool, Tanya Rastogi has been reviving the art Indian Jewellery karigari once used profoundly in designing authentic kundan and polki jewellery for the Nawabs of Lucknow. Endowed with the grandeur of Jewels from Awadh, she has garnered nationwide acclaim for her work on the hugely popular Karnaphool statement polki danglers’ collection as well as the funky and feisty Boss Lady collection that praises the leader in a Gen Next woman. Tanya Rastogi’s astute vision has established Lala Jugal Kishore Jewellers as jewellery house synonyms to luxury. “This is one of the highlights of the season. I am so glad the GJTCI has taken this initiative and are acknowledging the achie...