Titan Q4 profit jumps 35% as jewellery sales power growthTitan reported a 35% rise in Q4 FY26 net profit to Rs 1,179 crore, driven by strong jewellery demand and premium watch sales. Revenue surge...
- Jewellers say people were already recycling, exchanging old gold instead of new purchases amid PM Modi's appeal
Indians are smartly buying gold. High prices mean more people are exchanging old jewellery for new. This reduces the need for fresh gold im...
Titan’s CaratLane to open over 40 new stores as demand rises for low-carat jewellery among young IndiansCaratLane, buoyed by the increasing popularity of lower-carat jewellery among younger Indians, aims to surpass its previous year's revenue ...
CaratLane to turn wholly-owned arm of Titan with purchase of 0.4% stakeAs of date, CaratLane is a subsidiary of Titan wherein it holds a 99.64% stake. The completion of the aforesaid share purchase would result...
PhonePe, CaratLane join hands to enable jewellery purchase with digital goldPhonePe and CaratLane announced their partnership to enable consumers to purchase jewellery by redeeming their accumulated Digital Gold. Co...
Titan gets CCI nod for additional stake purchase in CaratLaneThe combination relates to the acquisition of 27.18 per cent share capital of CaratLane (a subsidiary of Titan) by Titan Company Ltd, on a ...
CCI approves Titan’s Rs 4,621 crore stake purchase in CaratLaneIn August, Titan had announced that it was buying the stake from CaratLane founder Mithun Sacheti and his family for Rs 4,621 crore in cash.
Tata-owned omnichannel jewellery retailer CaratLane appoints Avnish Anand as chief executiveAnand was previously chief operating officer of the Tata Group-owned CaratLane and has been at the firm for more than 8 years.
CaratLane contests ED notice on alleged FEMA violationThe ED accused CaratLane of violating the Foreign Exchange Management Act (FEMA). The notice served on March 28, 2022, stated that FDI was ...
Titan to buy CaratLane employees’ ESOPs for around Rs 350 croreThe company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sacheti’s 27.18% stake in Cara...
No major downside for Titan expected due to CaratLane acquisition: Amnish AggarwalTitan already had 71% stake in CaratLane. So, technically, CaratLane was a subsidiary of Titan. Now, as was expected, Titan gradually had i...
Titan picks up 27% more in CaratLane for Rs 4,621 croreThe latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the second largest exit for an ecommerce...
CaratLane appoints Avnish Anand as Chief Operating OfficerAs COO, he will lead CaratLane’s new opportunities by growing the core business, omni-channel strategy and build key partnerships to drive ...
MobiKwik says its customers can now convert their digital gold to gold jewellery from CaratLaneIn a first, this new offering in the ‘Gold’ category will enable users to purchase gold jewellery of their choice, against their digital go...
CaratLane stops selling on Amazon, Flipkart citing poor jewellery sales on the platformsCaratlane saw Titan pick up a majority stake in 2016 for Rs 357 crore.
Titan in talks to buy 15% stake in CaratLane for Rs 187 croreThe deal, likely to be signed in a few weeks, will peg Carat-Lane’s valuation at about Rs 1,200 crore.
- CaratLane.com launches ‘Solitaire Experience Lounge’ in Delhi
India’s largest online retailer of solitaires, jewellery and gold coins, CaratLane.com launched its first ‘Solitaire Experience Lounge’, in...