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Titan's 3Q Sales +23%, Profit +24%
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India's Titan Industries, which owns the Tanishq brand, reported that sales rose 23 percent year on year to $556 million (INR 29.83 billion) in the third fiscal quarter that ended on December 31, driven by growth...
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Retail
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Jan 30, 2013
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Dilipp S Nag
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Titan's Shares Rally Following Release of 2Q Results
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Shares of Titan Industries Ltd., which owns the Tanishq brand, rose as much as 11 percent to a 52-week high of INR 286.90 per share today on the Bombay Stock Exchange (BSE). The rally came after the company...
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Retail
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Nov 01, 2012
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Dilipp S Nag
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Titan's 2Q Sales +10%, Profit +21%
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Titan Industries, which owns the Tanishq brand, reported that net sales rose 10 percent year on year to $416.8 million (INR 22.58 billion) in the second fiscal quarter that ended on September 30, with growth...
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Retail
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Oct 31, 2012
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Dilipp S Nag
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Titan Appoints Vikram Kapur as Chairman
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Titan Industries Ltd. has appointed Vikram Kapur, principal secretary of Tamil Nadu state’s industries department, as its chairman and a director on the board of the company. He succeeded N. Sundaradevan.Titan, a lifestyle and jewelry company owned by Tata...
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Retail
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Oct 26, 2012
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Dilipp S Nag
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Titan Industries Sales, Profits +9% in 1Q
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Titan Industries, which owns the Tanishq brand, said that sales fell below expectations in its first fiscal quarter that ended on June 30, as India’s weak economic environment weighed on the retail industry....
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Retail
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Jul 31, 2012
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Dilipp S Nag
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ASSOCHAM Says Indian Watch Market to Grow at 15%
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India’s watch market is expected to grow at 15 percent every year to around $2.70 billion (INR 150 billion) by 2020 driven by young consumers, the emergence of a strong middle class and a larger number of high-net-worth individuals, according to the...
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Retail
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Jun 13, 2012
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Dilipp S Nag
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Titan Set to Capitalize on India's Branded Jewelry Growth
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Growth in demand for branded jewelry in India is set to continue with Titan Industries well positioned to capitalize on that trend, according to HSBC Global Research. The report stated that Titan has the distribution and scale...
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Retail
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Apr 23, 2012
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Dilipp S Nag
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Titan Launches Production at New Jewelry Unit
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Titan Industries, part of Tata Group, began commercial production at its new integrated jewelry unit. The factory is located in the excise free zone in Pantnagar, Uttarakand, Uttar Pradesh.The new Pantnagar unit has been commissioned...
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Manufacturing
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Apr 03, 2012
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Dilipp S Nag
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Titan's 3Q Sales +25%, Profit +19%
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Titan Industries Ltd. reported that net sales rose 25 percent year on year to $493.3 million (INR 24.40 billion) during its third fiscal-quarter that ended on December 31, 2011. Net profits grew 19 percent to $33.1...
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Retail
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Jan 31, 2012
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Dilipp S Nag
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India’s Jewelry Retailers Poised for Growth
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India’s organized jewelry retail trade is expected to account for 10 percent of the country's total jewelry retail market by 2016, up from the current 4 percent, according to CARE Research, a division of Credit Analysis & Research Ltd. The...
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Retail
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Dec 29, 2011
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Dilipp S Nag
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Titan to Acquire Swiss Watch Brand Favre Leuba
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Titan Industries Ltd., a lifestyle and jewelry company owned by Tata Group, agreed to acquire Swiss watch brand Favre Leuba for up to $2.7 million (EUR 2 million) to expand its product portfolio.Titan said on Wednesday it has signed...
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Retail
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Nov 16, 2011
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Dilipp S Nag
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Titan's 2Q Sales +37%, Profit +16% to $30M
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Titan Industries Ltd. reported net sales rose 37 percent year on year to $420.6 million (INR 20.96 billion) during its second fiscal-quarter that ended on September 30, 2011. Net profit grew 16 percent to $29.7 million...
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Retail
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Oct 24, 2011
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Dilipp S Nag
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Titan Aims for Annual Sales of $3B
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Titan Industries Ltd., a lifestyle and jewelry company owned by Tata Group, expects to achieve annual turnover of $3 billion by fiscal year 2014-2015 as it looks to expand. ''Plans are for aggressive growth in our existing business. We are exploring...
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Retail
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Sep 20, 2011
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Dilipp S Nag
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Muthoot, Goldplus Partner for Gold Jewelry Financing
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Muthoot Finance Ltd., a non-banking financing firm, and Goldplus, a mass market jewelry retail brand of Titan Industries Ltd., have entered into a partnership to finance and sell jewelry in the southern Indian state of Andhra Pradesh.''Under...
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Retail
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Sep 16, 2011
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Dilipp S Nag
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Titan's 1Q Sales +63%, Profit +76% to $32M
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Titan Industries Ltd. reported sales rose 62.5 percent year on year to $463.65 million (INR 20.48 billion), during its first-fiscal-quarter of 2012 that ended on June 30, 2011. This quarter's revenue also marked the...
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Financial-Legal
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Jul 28, 2011
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Dilipp Nag
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Tanishq to Merge With Titan Industries
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Art of Jewellery... Tanishq (India) Ltd, a 100 percent subsidiary of watch and jewelry maker Titan Industries Ltd., has filed a petition with the Karnataka high court to merge itself with its parent company. This...
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Retail
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Mar 06, 2011
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Art of Jewellery
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ICRA Reaffirms LAA Rating on Titan
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Credit ratings firm ICRA reaffirmed an LAA rating on certain financing of Titan Industries Limited, which covered an Rs. 52.83 crore non-convertible debenture program; an Rs. 100 crore bond program; an Rs. 50 crore term loan program;...
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Financial-Legal
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Feb 09, 2011
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Jeff Miller
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Titan 2Q Sales +34%
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Titan Industries, a Mumbai-based watch and jewelry manufacturer and retailer, reported that sales grew 34 percent to $349 million (INR 15.51 billion) in the second fiscal quarter ending September 30, 2010. The company attributed...
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Retail
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Oct 27, 2010
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Avi Krawitz
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Mining
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Jul 08, 2010
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Rapaport
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Mining
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Jul 01, 2010
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Rapaport
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