Titan Company Ltd.

Tata Motors is set to drive in a new electric SUV - Concept CURVV, with enhanced driving range and technology, within the next two years. The company aims to cater to the consumers who seek individuality and design differentiation, with the new product. The auto major plans to introduce the electric version of the coupe-style SUV first, and then follow it up with internal combustion engine trims.

Union Bank of India is planning to sell its 8 per cent stake in India SME Asset Reconstruction Company. The bank has executed an agreement on April 6, 2022 for sale of its 8 per cent stake in India SME Asset Reconstruction Company (ISARC) in favour of Dhansamridhi Finance. ISARC is the country's first ARC supported by a large number of public sector banks and undertakings, focussed on NPA resolution of the MSME sector.

Titan Company’s jewellery business in Q4FY22 declined by 4 per cent YoY, with addition of 16 stores during the quarter, but watches & wearables business registered 12 per cent growth YoY with addition of 34 stores. Its Eyecare segment reported 5 per cent growth YoY with addition of 51 stores during the quarter.

Motherson Sumi Systems (MSSL) has successfully completed the acquisition of a majority stake in CIM Tools. As announced earlier, MSSL has acquired a 55% stake in CIM Tools (CIM). CIM in turn holds 83% in Aero Treatment (ATPL) and 49.99% in Lauak CIM Aerospace (JV with Lauak International, LCA). CIM, ATPL and LCA are hereinafter referred to as ‘CIM Group’. CIM Tools is engaged in specialised machining and sub-assembly of components for the aerospace industry. ATPL is a vertically integrated unit engaged in surface treatment of machined parts.

Inflame Appliances has received the most prestigious first trial order for 2500 Chimneys from Green Line Appliances, adding one more milestone to company’s expansion. The company is committed to the vision of growing production rapidly to be the leading manufacturer in India.

Equitas Small Finance Bank has reported 15% growth in its gross advances on a provisional basis to Rs 20,648 crore in Q4FY22 as compared to Rs 17,925 crore in corresponding quarter of previous year. Total deposits grew by 16% to Rs 18,951 crore as against Rs 16,392 crore in quarter ended March 2021.

Mayur Uniquoters has received approval for incorporation of a wholly owned subsidiary namely ‘Mayur TecFab’. The proposed wholly owned subsidiary company to be incorporated in India shall carry out business in the field of Retail of PVC/Artificial Synthetic Leather. The company will hold entire 100% stake in Mayur TecFab. The board in their meeting held on April 6, 2022 as approved the same.