Tata Infomedia Ltd, now controlled by ICICI Ventures Fund, has sold its entire holding in Titan Industries to Tata group entities, including Tata Sons, for Rs 15.1 crore.
Titan Industries Ltd has posted a net profit of Rs 45.60 million for the quarter ended December 31, 2002 as compared to Rs 69.90 million in the quarter ended December 31, 2001. Total Income (net of excise) has increased from Rs 1927.90 million in DQ-
The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat.
With a smart combination of edgy design and value pricing Titan's Fastrack has managed to keep a firm grasp on the capricious youth market.
Currently, Titan has presence in 31 countries across the world.
Gold Plus, the jewellery division of Titan Industries, said it will come out with the world's first 'jewellery car' by embellishing a Tata Motors Nano with gold designs as it celebrates 5,000 years of Indian jewellery.
Titan Industries, the country's leading watch manufacturer, is leveraging the existing distribution network of the Tata Group companies to penetrate the rural markets to mark its presence in the low-cost watches under the Sonata brand.
Titan Industries Limited plans to open 40 new outlets across the country within this fiscal and is eyeing a growth target of 25 per cent.
Tanishq, the jewellery brand of Titan Industries, on Friday said it will expand operations in foreign markets, particularly the US, to increase income from exports.
Watch and jewellery manufacturer Titan Industries on Wednesday forayed into the fashion accsssories industry with the launch of sunglasses.
Titan Industries Ltd has launched its international collection of watches in 60 designs in India, which the watch-maker expects would help in garnering an additional 20 per cent of revenues, apart from giving it a foothold in the global markets.
As part of brand extension, Titan Industries, plans to foray into the Rs 250 crore (Rs 2.5 billion) premium watch market, dominated by the Swiss brands.
Foreign institutions are becoming important for the Indian markets.
Tanishq has been pretty much careful to not bet on gold prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Shares of gold loan companies like Manappuram Finance and jewellery makers on Monday fell sharply by up to over 13 per cent, following weakness in gold prices which hit over 15-month low.
RBI capped the gold lease period at 90 days under the direct import route.
Trent, Tata Global Beverages, Titan Industries and Tata Chemicals may not be big contributors to the Tata kitty, but these are still significant to its growth story.
The Tata Group company, among the top five in market capitalisation, is set to further strengthen its presence in the gold retailing and watches segment.
Titan Industries Ltd said it will continue discussions with labourersÂ’ unions to resolve a seven-day old workersÂ’ strike that disrupted operations at various facilities of the company.
In the past two years, high-end luxury watch brands have grown by 20-22 per cent, as against 7-8 per cent growth in low-end watches.
The Bangalore-headquartered company will henceforth focus on tactical advertisements, which will generate immediate sales. Titan's advertising budget this year is estimated to be about Rs 180 crore. In the current financial year, the company has already spent Rs 160 crore on advertising. Though the company has not made any cut on the ad budget yet, it expects that the adspend will drop.
Stocks of firms with products like jewellery, entertainment and giftable articles surged on Valentine's day.
A recent survey by Bureau of Indian Standards in Delhi revealed that there was indeed cheating on the part of jewelers and consumers were getting much lesser value for gold for the amount they pay.
Titan Industries Ltd, leading manufacturer and retailer of watches and jewellery, is anticipating a business of over Rs 3,000 crore by the end of this financial year.
An interview with Bhaskar Bhat, managing director of Titan Industries.
Titan Eye+ stores will also provide services like eye check-ups and style consultancy. This will be the company's third business after watches and jewellery.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After decades of selling to the middle class, a clutch of companies is now going after richer customers as well.
Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval.
According to the company, it has provisioned for these losses from FY03 and made the final provision during FY07.
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