Significant wedding and holiday demand is expected to fuel jewelry companies’ significant year-over-year revenue increase for the October–December quarter, according to analysts and company reports. By lowering the import tax on gold from 15% to 6% in the FY25 Union Budget, organized players were greatly aided. Kalyan Jewellers said in its quarterly business update on…
Strong gold demand across markets propelled Kerala-based jewelry retailer Kalyan Jewellers’ double-digit revenue and same-store sales growth in the September quarter (Q2FY25). The news comes after competitor Titan revealed a 25% year-over-year increase in domestic operations for the second quarter, following a comparatively weak June quarter. Kalyan Jewellers announced on Monday that its September quarter…
A deal to purchase a 10% stake in CueZen, a Delaware Corporation, was announced by Titan Company Limited’s subsidiary TCL North America on Friday. We would like to notify you that TCL North America Inc., a wholly owned subsidiary of the company, has signed a Series Seed Stock Purchase Agreement with CueZen, Inc., a Delaware…
The Sensex was down 90 points at 52,682 and the Nifty was down 23 points at 15,845. The equity benchmark Sensex fell more than 90 points in early trade on Wednesday, signaling global signs ahead of the US Federal Reserve policy decision. The 30-share BSE index traded 90.5 points, or 0.17% lower, at 52,682.55 in…
