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Gold prices to stay elevated, volatile; Titan bullish on long-term growth
Gold prices are expected to remain "elevated and volatile" due to geopolitical tensions, Titan said, but expressed optimism about the long-term growth prospects of the jewellery market on favourable demographics and its safe-haven appeal. Despite these challenges, the "outlook in India remains positive" due to favourable demographics and the continued relevance of jewellery as a store of value; however, "short-term demand fluctuations may persist", Titan said in its annual report. "Gold prices are expected to remain elevated and volatile, given ongoing geopolitical developments and global conflicts leading to macroeconomic uncertainties," said Titan, a JV between Tata and the Tamil Nadu government. The Tata group-managed firm also said these macroeconomic uncertainties arising from geopolitical developments could lead to shifts in demand patterns across customer segments. "In this environment, there could be shifts in demand segments and the Division will continue to prioritise mar
TCS bags multi-year deal with Elopak ASA
Tata Consultancy Services (TCS) has announced a multi-year partnership with Elopak ASA, a global leader in paper-based packaging and filling equipment, operating in over 40 countries and serving customers in more than 70 markets.
TCS signs multi-year IT services deal with Elopak
Tata Consultancy Services (TCS) announced a multi-year partnership with Elopak ASA, a global leader in paper-based packaging and filling equipment operating across more than 40 countries and serving customers in more than 70 markets.
Tata Communications shares gain 3% on ₹400-cr commercial paper listing news
Tata Communications informed exchanges that it has issued and allotted commercial paper aggregating to ₹400 crore
'Tamil Nadu pollution board finds no contamination at Hosur iPhone parts facility': Tata Electronics
Tata Electronics has received clearance from the Tamil Nadu Pollution Control Board. The board confirmed all concerns regarding alleged groundwater contamination at the company's Hosur facility were satisfactorily addressed. Recent water sample analysis showed no contamination. The Tamil Nadu Pollution Control Board has dropped any further action on this matter.
Tata's iPhone Plant In Tamil Nadu Gets Clean Chit After Water Contamination Suspicion
According to Tata Electronics, water samples recently collected and analysed by TNPCB did not indicate any contamination.
Tata's iPhone Plant Faces Shutdown Threat In Tamil Nadu Over Groundwater Contamination, Says Report
Tata Electronics is Apple's second-largest supplier in South Asia after Foxconn.
Tata’s iPhone parts manufacturing plant in Tamil Nadu’s Hosur is facing shutdown over wastewater discharge: Report
Tata-owned iPhone parts factory in Tamil Nadu is at risk of shutdown due to allegations of wastewater discharge harming local farmland. Inspections revealed contamination, leading to warnings from Pollution Control Board. Tata asserts compliance with regulations and pledges to protect environment.
Tata's Apple iPhone factory in Tamil Nadu may get shut down over farmland water contamination; pollution body seeks explanation
An Indian pollution regulator has accused Tata Electronics, a key supplier for Apple's iPhones, of contaminating groundwater near its Hosur factory. The regulator found wastewater discharge from the plant polluted farmland wells. Tata faces a potential shutdown unless it provides a satisfactory explanation. This adds to recent issues faced by Apple's Indian supply chain.
Top Gainers & Losers on June 12: MTAR Tech, Ashok Leyland, Tata Motors, Anant Raj, UCO Bank, HPCL among top gainers
The Indian stock market surged on June 12, with the Nifty 50 and Sensex gaining 2% and 2.1%, respectively, amid easing tensions in the Middle East. Strong buying across sectors, particularly in auto and real estate stocks, marked the day despite some laggards.
Consumer goods companies chart new manufacturing and sourcing course as West Asia crisis hits supply chain
Indian consumer goods firms like Dabur, Britannia, Tata Consumer Products, and Emami are rerouting manufacturing and sourcing away from West Asia due to the Iran conflict and Strait of Hormuz disruptions. Companies are shifting production to India, Egypt, and Turkey, and exploring new export routes to mitigate business impacts and ensure supply chain stability.
Deven Choksey cautious on jewellery, gold finance and paint stocks
Deven Choksey of DRChoksey Finserv remains cautious on jewellery, gold finance and paint stocks despite strong demand trends. He believes jewellery and gold finance companies are largely fully priced after a strong run and investors should wait for better entry points after meaningful corrections. On paint companies, Choksey expects competitive and cost pressures to remain high for now. He sees potential in selective midcaps such as Tata Technologies and some real estate names. Choksey also sees Hindustan Zinc and Vedanta benefiting from higher silver prices. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.