Although the Rs 4,621 crore deal may weigh on Titan's earnings in the short-term, analysts are positive on the long-term prospects
The transaction is anticipated to be finalised by October 31 of this year, subject to regulatory approvals
Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing
Upon completion of the deal, Titan will hold 98.28 per cent of equity in CaratLane-a private company engaged in the manufacture and sale of jewellery
Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore
CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.
Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent
The company also said that the key categories of gold and studded grew well with no notable change in the overall product mix
The departure dates for the 2024 missions are listed for June 12 and June 21
They use propellers to drive the vessel under water, rather than having to fall like a rock and using ballast tanks for stabilization, as with the Titan
The US Coast Guard says it has likely recovered human remains from the wreckage of the Titan submersible and is bringing the evidence back to the United States. The submersible imploded last week, killing all five people on board. The vessel was on a voyage see the wreck of the Titanic. Debris from the Titan submersible was returned to land Wednesday. The return of the debris to port in St. John's, Newfoundland and Labrador, is a key piece of the investigation into why the submersible imploded. In a statement late Wednesday, the Coast Guard said it had recovered debris and evidence from the sea floor and that included what it described as presumed human remains. I am grateful for the coordinated international and interagency support to recover and preserve this vital evidence at extreme offshore distances and depths, US Coast Guard Chief Capt. Jason Neubauer said in a statement. The evidence will provide investigators from several international jurisdictions with critical insights .
OceanGate Expeditions, which owned the 22-foot-long Titan, said all 5 crew members, including CEO Stockton Rush, are believed to be dead. Watch the video to know what really happened >
Azmeh Dawood's remarks came after the search for the missing Titan ended, with debris from the submersible found and its five occupants presumed dead
OceanGate Expeditions, which owned the 22-foot-long Titan, said in a statement that all five people on board, including company CEO Stockton Rush, are believed to be dead
This is what the tourists travelling in OceanGate's Titan submersible must have also been looking forward to when they boarded the vessel
A Canadian P-8 aircraft using sonar "heard banging sounds in the area every 30 minutes"; the five passengers onboard have about 40 hours of oxygen left in the vessel
The five-person submersible lost contact with its support ship 1 hour 45 mins after its dive and may be able to sustain its crew for up to 96 hours
According to the original deal between Titan and CaratLane, Titan can acquire the remaining business of CaratLane. However, it has to be done at a value agreed upon by both parties
ABFRL also saw a 26 per cent rise in net sales at Rs 2,880 crore in the January-March quarter as it focused on expanding its network of stores
Jewellery segment margins expected to moderate in the current fiscal