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Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.
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News and Media
US Election 2024: Elon Musk may benefit if Donald Trump is re-elected as US President. Trump may appoint Musk to lead a commission for efficient government operations. Trump's tax policies and regulatory approach could favor Musk's companies, including SpaceX and Tesla. Musk's political action committee and legal disputes may also be impacted by a potential second Trump term.
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News and Media
I think geopolitics, the landscape could change rapidly. There could be escalations in certain countries, by certain countries. So, I do expect some volatility until we have total clarity.
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News and Media
The US witnessed a close presidential race. Democrats cautioned that supporting Green Party candidate Jill Stein could lead to a Donald Trump victory. Stein, however, remained firm in her candidacy. Initial results showed Trump leading with 178 electoral votes, followed by Kamala Harris with 99. Stein, despite not securing any electoral votes, garnered a small percentage of the popular vote.
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News and Media
Raymond Lifestyle witnessed a significant 69.72% drop in its consolidated net profit for Q2 FY'25, reaching Rs 42.18 crore. This decline is attributed to subdued demand and inflationary pressures. Despite this, the company remains optimistic about the future, citing recent positive trends in the festive and wedding season and plans for retail expansion and new product launches.
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News and Media
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