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The move follows Titan's remarkable market performance, reporting increased buyers and larger transactions, signalling a shift from smaller jewellers to established brands

Titan launches exclusive invite-only jewelry store in Delhi to cater to high end demand

<h2>The move follows Titan's remarkable market performance, reporting increased buyers and larger transactions, signalling a shift from smaller jewellers to established brands</h2>

Titan is set to unveil an exclusive invite-only retail store catering to luxury jewellery enthusiasts, with a minimum ticket size of ₹10 lakh.
This move reflects the ongoing trend among Indian consumer companies to cater to the high-end market demand. Titan has secured a sprawling 17,000 sq ft space in Delhi's South Extension market for this opulent venture. Sources indicate that the company is conducting a pilot for this upscale format in the national capital, with potential plans for replication in other parts of the country.
The decision stems from Titan's performance in the market, with a significant increase in both buyers and ticket sizes during the September quarter, showcasing a robust demand for high-value products. Industry insiders revealed to the Economic Times that this new jewellery store would be one of the largest in the country, considering Titan's existing 10,000 sq ft store located nearby.
While Titan and property consultant Cushman &amp; Wakefield, the deal advisor, have refrained from commenting on the development, market analysts have noted the exceptional growth in the organized jewellery retail sector since April. Consumers are increasingly shifting their preferences away from smaller jewellers, driving the growth of established brands like Titan, as per an ET report.
In the July-September quarter, Titan reported a 20% surge in domestic jewellery sales compared to the previous year. In September alone, the jewellery segment exhibited a 13% year-on-year growth, outpacing the overall retail sector's 9% expansion.
Amid this expansion, Titan expanded its footprint with the addition of 10 Tanishq stores during the July-September period, marking the company's proactive approach to cater to the evolving market demands. The brand also expanded internationally, entering Qatar and opening new boutiques in Doha, showcasing its global ambitions.
The Delhi-National Capital Region has witnessed a significant uptick in retail space uptake across malls and markets, indicating the robust growth of the retail sector. Also Watch: <a href="https://www.editorji.com/business-news/caratlane-titan-deal-caratlane-employees-to-receive-rs-340-380-cr-from-esops-1692617941023">CaratLane-Titan Deal: CaratLane employees to receive Rs 340-380 cr from ESOPs&nbsp;</a>

As Titan is planning to have 100% ownership in CaratLane, it will buy ESOPs from CaratLane employees and 27.18% stake from the Co-founder & CEO of CaratLane

CaratLane-Titan Deal: CaratLane employees to receive Rs 340-380 cr from ESOPs

As Titan is planning to have 100% ownership in CaratLane, it will buy ESOPs from CaratLane employees and 27.18% stake from the Co-founder &amp; CEO of CaratLane

CaratLane employees would be receiving Rs 340-380 crore in Employee Stock Ownership Plan (ESOP) payout. This, as Titan is set to acquire the remaining stake in the Jewellery startup.&nbsp;
As per Moneycontrol, CaratLane has around 1,500 employees in total, of which a majority are on the retail and manufacturing side of the business and don&rsquo;t have shares in the company. Instead, they are rewarded with bonuses and hikes.
The remaining about 400 employees who are part of CaratLane's corporate team hold ESOPs. Out of the 400 employees, 75 of them have shares in CaratLane which are now worth Rs 340 crore -380 crore and account for about 1.72% in the jewellry startup.
As Titan is looking to own 100% in the startup, it will buy the stake from the employees. Titan currently holds 71.09% of the stake and is planning to buy another 27.18% stake from Sachetti and his family for Rs 4,621 crore. The deal is expected to close by October 31, 2023, subject to regulatory approvals.
Mithun Sachetti, Co-Founder and CEO of CaratLane has told Moneycontrol that Titan will buy the ESOPs&nbsp; as and when the vesting happens.
&ldquo;The ESOP component (of 1.72 percent in the company) will also be bought out at the same time by the end of October. A bunch of it will be done by then and whatever remains, Titan will buy as and when the vesting happens,&rdquo; Mithun Sachetti, co-founder and CEO of CaratLane told Moneycontrol.
The ESOPs started gaining interest after numerous startups like Zomato, Paytm, Delhivery saw successful IPOs

Indian watches and accessories maker tycoon, Titan is in advanced talks to buy a majority stake in homegrown wearables maker Noise. 
According to reports, Tata group-controlled company is getting ready to fashion another spell of explosive growth and aims to strengthen its presence in the booming wearables market. 
Boom of smart wearable
Affordable prices, capabilities such as fitness tracking and access to phone notifications have made wearable devices, such as smartwatches, extremely popular among youth.
Smartwatches and wristband shipments in India grew more than 2.4 times in 2021, with smartwatches accounting for the lion’s share of these shipments, according to market researcher IDC India. The smartwatches segment was led by Noise, which saw a five-fold jump in shipments last year, with a 27% market share.

Titan to enter smart wearables market, plans to buy domestic tech-lifestyle brand Noise

Started in 2014 by two brothers Amit Khatri and Gaurav Khatri, Noise has become the frontleader in the smart  wearable device market along with brand BoAT. 

Titan makes 'Noise' on deal street

The latest buzz on deal street is the possible acquisition of&nbsp;homegrown wearables maker Noise by the Tata Group under it's flagship firm Titan.Reports indicate the deal is likely to value the Gurugram&nbsp;based firm at Rs 700 cr.
Started in 2014 by two brothers Amit Khatri and Gaurav Khatri, Noise has become the frontleader in the&nbsp;smart&nbsp;&nbsp;wearable device market along with brand BoAT.&nbsp; Noise began as a seller of smartphone cases but later diversified into smart wearable devices, action cameras, portable speakers, Bluetooth headphones and wireless chargers.

The transaction is likely to value Noise, run by Gurugram-based Nexxbase Marketing Pvt. Ltd, at about&nbsp;₹700 crore-&nbsp;₹800 crore.&nbsp;

Indian watches and accessories maker tycoon,&nbsp;Titan&nbsp;is in advanced talks to buy a majority stake in homegrown wearables maker Noise.&nbsp;
According to reports,&nbsp;Tata group-controlled company is getting ready to fashion another spell of explosive growth and aims to strengthen its presence in the booming wearables market.&nbsp;
Boom of smart wearable
Affordable prices, capabilities such as fitness tracking and access to phone notifications have made wearable devices, such as smartwatches, extremely popular among youth.
Smartwatches and wristband shipments in India grew more than 2.4 times in 2021, with smartwatches accounting for the lion&rsquo;s share of these shipments, according to market researcher IDC India. The smartwatches segment was led by Noise, which saw a five-fold jump in shipments last year, with a 27% market share.

Tata&nbsp;Motors remains in focus along with a host of midcap companies that make it to the traders' radar for Wednesday's trade, here is a list of the stocks to watch-:

Tata&nbsp;Motors:&nbsp;Q1, Q2 profit warning weights heavy on the stock as chip shortage hits profits for JLR
Titan: Q1 business update;&nbsp; Jewellery division sales grew 37% YoY&nbsp;,&nbsp;non-jewellery businesses saw a rapid recovery in walk-ins on re-opening
Sobha:&nbsp;Q1 gross sales bookings up 38% YoY in volume terms and 40% YoY in value terms driven by Bengaluru and Gurugram markets
KRBL: Punjab Pollution Control Board restrained&nbsp;operations at Dhuri&nbsp;unit due to NGT order


Stocks To Watch: Tata Motors, Titan, Sobha, KRBL, Future Retail 

Stocks To Watch: Tata Motors, Titan, Sobha, KRBL

Stocks To Watch: Tata Motors, Titan, Sobha, KRBL, 

Business_stocks July 7 Note i had trouble with logo changing also i think the transition lets use another animation.&nbsp;

Large and midcaps&nbsp;on traders' radar for Wednesday's trade.

Tata&nbsp;Motors remains in focus along with a host of midcap companies that make it to the traders' radar for Wednesday's trade, here is a list of the stocks to watch-:
<ul>
<li>Tata&nbsp;Motors:&nbsp;Q1, Q2 profit warning weighs heavy on the stock as chip shortage hits profits for JLR</li>
<li>Titan: Q1 business update;&nbsp; Jewellery division sales grew 37% YoY&nbsp;,&nbsp;non-jewellery businesses saw a rapid recovery in walk-ins on re-opening</li>
<li>Sobha:&nbsp;Q1 gross sales bookings up 38% YoY in volume terms and 40% YoY in value terms driven by Bengaluru and Gurugram markets</li>
<li>KRBL: Punjab Pollution Control Board restrained&nbsp;operations at Dhuri&nbsp;unit due to NGT order</li>
</ul>

Elon Musk loses $16 bn in six hours; Tesla stocks drop 21%

Tesla founder and CEO Elon Musk&rsquo;s wealth plunged by a massive $16 billion in just over six hours. This is why

Tesla founder and CEO Elon Musk&rsquo;s wealth plunged by a massive $16 billion in just over six hours of trading on Tuesday.
Tesla stock plunged 21% in Tuesday&rsquo;s session, logging its biggest single-day percentage drop as the electric carmaker was excluded from a group of companies being added to the S&amp;P 500.
The money lost by him is more than the entire worth of the Indian firms like Titan, HDFC Life and UltraTech Cement. Only 21 companies in India are valued more than the wealth Musk lost in a day.

titan

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