The proposed change reflects a broader convergence of views among key stakeholders on how trustee representation should be structured across the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, Tata Trusts insiders said.
Billionaire investor Rakesh Jhunjhunwala's top CEO picks include Bhasker Bhat of Titan Industries for exceptional leadership, citing an 85660.68% stock return in 20 years and Adi Godrej, Chairman of Godrej Group for his transparency, capital returns, despite Jhunjhunwala not holding their stocks.
Bhaskar Bhat, MD, Titan feels that the bigger problem is availability of gold (raw material) and by putting a curb on that is affecting a thriving industry - an industry which not only serves huge number of customers but also employs large number of people.
Bhaskar Bhat of Titan believes demand for gold remains robust and that‘s why they are launching a new brand called the Skinn Titan. The company eyes 10-15 percent PBT margin going ahead.
In an interview to CNBC-TV18, Bhaskar Bhat, managing director, Titan Company speaks about the company‘s change in logo and re-branding.
Bhaskar Bhat, MD, said that while the onus of exporting gold lies on bullion bankers from whom it buys gold, Titan too is exploring export opportunities now.
The company's net sales surged 42 percent year-on-year in April-June. But operating profit margin was lower due to higher sales of low margin plain gold jewellery and coins.
The market reaction to Titan Industries in recent days suggests the party could be over for the watches to jewellery maker.