Titan Company has fully redeemed the Commercial Papers (CPs) of Rs 600 crore issued on 15 July 2024. The maturity proceeds of the CPs have been duly paid to all the holders today.Powered by Capital Market - Live

Titan Company announced that Bhaskar Bhat, ceased to be a Director on the Board of the Company on attaining superannuation with effect from 29 August 2024. Powered by Capital Market - Live

Tanishq and De Beers join hands to enhance consumer education, interest and confidence, and to promote natural diamonds across India. Through this collaboration, the two parties will capitalise on Tanishq's deep understanding of the Indian market built up over three decades, combined with De Beers' expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds, underscoring their inherent value, rarity and timelessness. 'With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11% of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant opportunity to catalyse further growth for natural diamond jewellery in India,' Titan stated in the press release. The collaboration will focus on building extensive consumer outreach, deepening capabilities of Tanishq's retail staff to communicate about natural diamonds, educating consumers about authenticity, and shaping customer experiences as they explore their desire for natural diamonds and studded jewellery. This will also be supported by a compelling 360-degree marketing campaign to build awareness and target expanding the customer base in the country, including first time buyers, said the firm. 'The new collaboration builds on the existing relationship between Tanishq and De Beers, with Tanishq already using De Beers' proprietary diamond verification technology to support the assurance of the authenticity of its products. The two parties are also in talks regarding opportunities to collaborate on traceability, how Tanishq's diamond supply needs can best be met and further opportunities to use De Beers' proprietary technologies to support pipeline integrity,' it added. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. The company reported marginal decline in standalone net profit to Rs 770 crore in Q1 FY25 as against Rs 777 crore posted in Q1 FY24. Revenue from operations jumped 9.92% year on year (YoY) to Rs 11,105 crore during the quarter. Shares of Titan Company shed 0.64% to Rs 3,528.10 on the BSE.Powered by Capital Market - Live

De Beers Group, the world's leading diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group, today announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market. With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11 per cent of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant opportunity to catalyse further growth for natural diamond jewellery in India. To help unlock the growth opportunity, Tanishq and De Beers have agreed to come together on a long-term collaboration to enhance consumer education, interest and confidence, and to promote natural diamonds across India. Through this collaboration, the two parties will capitalise on Tanishq's deep understanding of the Indian market built up over three decades, combined with De Beers' expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds, underscoring their inherent value, rarity and timelessness. The collaboration will focus on building extensive consumer outreach, deepening capabilities of Tanishq's retail staff to communicate about natural diamonds, educating consumers about authenticity, and shaping customer experiences as they explore their desire for natural diamonds and studded jewellery. This will also be supported by a compelling 360-degree marketing campaign to build awareness and target expanding the customer base in the country, including first time buyers. The new collaboration builds on the existing relationship between Tanishq and De Beers, with Tanishq already using De Beers' proprietary diamond verification technology to support the assurance of the authenticity of its products. The two parties are also in talks regarding opportunities to collaborate on traceability, how Tanishq's diamond supply needs can best be met and further opportunities to use De Beers' proprietary technologies to support pipeline integrity. Powered by Capital Market - Live