India’s Jewellery Retail Sector Surges By $30 Billion In 6 Years: Report

June 19, 2024 admin

The daily wear jewellery accounts for 30-35 per cent of the Indian jewellery market. New Delhi: India’s jewellery retail sector has surged to $80 billion (Rs 666,480 crore) in the financial year 2024 from $50 billion in 2018, according to a report by Motilal Oswal Financial Services. The report highlighted multiple drivers that led to…

Nation

Titan to acquire additional 27.2% in CaratLane for ₹4,621 crore to raise stake to 98.28%

August 19, 2023 admin

Representational image | Photo Credit: Reuters Jewellery maker Titan on Saturday announced increasing stake in its subsidiary and new-age jewellery brand CaratLane to 98.28% by acquiring an additional 27.18% share for ₹4,621 crore. The Tata group-managed firm has entered into a share purchase agreement with CaratLane founders — Mithun Sacheti and Srinivasa Gopalan — and…

Business