Titan already had 71% stake in CaratLane. So, technically, CaratLane was a subsidiary of Titan. Now, as was expected, Titan gradually had intention to increase the stake to, say, 100% and make it a fully owned subsidiary.
With the added 27.28 percent stake in CaratLane, Titan will now have even better synergies when it comes to procuring, manufacturing and marketing, believe analysts
The cigarette-to-consumer goods maker was the best performer on benchmark indices over the last year, logging in gains of nearly 46%. Its shares have more than doubled over a two-year period, testing a lifetime high of nearly ₹500. Analysts are advising against fresh lump sum investments in the stock as they believe the best of the rally might be over for now.
NEW DELHI/CHENNAI - Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting consumers hard across the world's most populous nation. "Even tomatoes need a vacation . we are unable to add tomatoes to our food," read notices pasted at two.