Titan is reaching down to the mass market for both jewellery and watches.
As part of its overseas expansion strategy, Tanishq is planning to open its first exclusive company-owned outlet in the US. It is currently present only in West Asia with a few shop-in-shops.
The company would use the distribution set up and reach provided by Titan to market its products and also work together on jointly creating products.
Titan Industries has launched Cal Track, an electro-mechanical device, which will help track a person's calorie expenditure round the clock.
Ahmedabad-based Adani Group is said to be the frontrunner to buy out both Tata Steel and Larsen & Toubro's stake in Dhamra.
GVM International Ltd, a licensee of Tommy Hilfiger Licensing Inc, on Monday entered into an exclusive agreement with Titan Industries Ltd for marketing and distribution of Tommy Hilfiger watches in India.
The companies having suffered large erosion in values included Tata Motors, TCS, Tata Steel, Tata Power and Titan Industries
Shares of jewellery makers on Monday fell sharply by up to 20 per cent following dip in global prices of gold.
Seeking to leverage each other's brand strength, watch manufacturer Titan on Thursday joined hands with leading designer Rohit Bal to come out with a range of luxury watch collection targeting the top segment.
Titan Industries, the Rs 725-crore (Rs 7.25 billion) manufacturer of branded watches, plans to diversify into the production of coloured sun glasses and leather accessories.
Watch-maker Titan Industries was aiming for 15-20 per cent growth over last year's sales of Rs 800 crore (Rs 8 billion) and would invest Rs 10 crore (Rs 100 million) in 2003-04 to strengthen its brand
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The group, however, measured the economic value of just 43 creative ideas out of 1,700 innovations that took place within the Group last year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Returns on capital harder to sustain as debt levels rise; responsibility for this invariably of firms themselves
Dividend payouts seem recession-proof.
Needs funds for Odisha plant expansion, to cut high debt.
In the domestic market, the Tata Group has lost ground in the passenger car business.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
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