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Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate Titan's successful CaratLane acquisition model.
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Trump said he granted the request to extend the 1 June deadline after a "very nice call" with EU chief Ursula von der Leyen.
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Wine producers in both France and the US are unhappy at the US president's trade actions.
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News and Media
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