Gold Giant Gains to Record as India's Tax Shift Seen as Plus
- Company says it plans to open 25 to 30 stores a year in India
- Nationwide tax overhaul will aid branded stores, Kulhalli says
This article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
Titan Co. Ltd., India’s top maker of branded jewelry by market value, expects sales from its Tanishq stores to rise 30 percent this fiscal year as the country’s tax overhaul helps to attract more customers and the company expands its network. The shares rose to a record even as bullion prices fell.