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
Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16%
The company's revenue from operations rose 335 during the period to Rs 9,704 crore
Q4 results: Godrej Properties, Reliance Power, Bajaj Consumer, Chola Investment, JK Agri Genetic, Petronet LNG, Sula Vineyards, Sonata, and Tata Chemicals will also announce their results today
Premium brands in watches continued their strong performance with brand Titan and brands in Helios stores registering double-digit growth that were higher than the overall segment
Even as India Inc struggled with the two Covid waves in 2021-22, the jewellery-to-watches maker posted strong growth and continued adding stores
'Ethnic wear, women's bags and fine fragrances are categories which I see contributing much more significantly to customer share and revenue share in the next five years'
Capital markets regulator Sebi on Thursday disposed of show-cause notices issued against 22 individuals as the allegation of violation of insider trading rules was not established in Titan Company Ltd (TCL) case. The order came after the Securities Appellate Tribunal (SAT) in its ruling on February 7 had set aside Sebi's order against 22 individuals for violating insider trading norms in the shares of TCL and directed the regulator to pass a fresh order. In its latest order, Sebi said the 22 individuals (noticees) were "not designated employees" of the company and therefore, were not obligated to make disclosures under the PIT (Prohibition of Insider Trading) norms. Therefore, the adjudication proceedings against the noticees initiated through show-cause notices dated August 9, 2021 stand disposed of without imposition of any penalty, it said. In the matter, Sebi had initiated adjudication proceedings against the individuals for alleged violation of PIT norms in the scrip of Titan
The firm currently sees 26 per cent of its revenue come from diamond-studded jewellery
Given strong execution, analysts at Emkay Global Financial Services, too, remain confident of the high-teens earnings trajectory for Titan in the medium term
The quarter witnessed a strong festive consumer demand, Titan Company Managing Director C K Venkataraman said