Titan says reopened 83% stores in Q1, Tanishq outlets lead pack at 95%

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Jewellery major on Tuesday said that it had reopened 83 per cent stores across all its businesses as of end of June. The disclosure was made in its quarterly update for the April-June (Q1) period. Apart from jewellery, the company makes watches, eye wear and other accessories.


In Tanishq, Titan’s jewellery division, stores reopened were higher, at 95 per cent, in Q1, the firm said, though revenue in May and June was below 20 per cent in the unit. gets 80 per cent of its total revenue from the jewellery division.



While sales recovery in June, at an overall level, was 70 per cent of last year, it was higher in non-metros versus metros, the company said. Also, April had seen a complete loss of sales due to the lockdown, said.


On Monday, (GCPL) said in its quarterly update that it expected to post mid single-digit sales growth in the April-June period (Q1) in India, driven by higher volumes. The India business contributes 55 per cent to GCPL’s overall revenue.


The firm also said that it had added six stores

Macron Salutes School Leavers In First TikTok Video

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French President Emmanuel Macron on Tuesday used the wildly popular but controversial social media app TikTok for the first time to congratulate French school leavers after their exam results.

“The first thing to say is bravo, congratulations, it is the fruit of your work,” said Macron in a video filmed in the garden of the Elysee Palace.

But he also told the teenage viewers they belonged to a “generation which we are calling sometimes the world after”, referring to the COVID-19 pandemic.

He said that the new generation must create a world that is “stronger, shows more solidarity and is more ecological”, while adding: “It is not me who will decide your future, it is you.”

Macron’s message follows local elections last month which indicated young voters in urban centres are increasingly voting green.

TikTok, which is owned by China’s ByteDance, has over the last months become a global sensation with users — especially young people — sharing 15 to 60-second video clips

But there has been increasing controversy over how it collects and uses data, although it has repeatedly denied sharing any user information with Chinese authorities.

India banned TikTok over national security concerns following a deadly border clash

Pvt trains to share gross revenue including onboard earnings with Railways

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Just like in airlines, passengers of private trains, once launched, could have to pay for preferred seats, baggage and onboard services, the earnings from which will be part of the gross revenue to be shared with the Railways, according to a document of the national transporter.


The recently floated a Request for Qualification (RFQ) inviting private entities to operate passenger trains on its network.



The decision on whether to charge passengers for these services will rest with the private parties, officials said.


In the document, it has said that bidders based on their financial capacity, will be required to offer share in the gross revenue at the request for proposal (RFP) stage for undertaking the project.


While the has given private players the freedom to fix the fare to be charged from passengers, they will also have the freedom to explore fresh avenues to generate revenue, according to the RFQ.


The definition of gross revenue, which is under consideration is as below.


  • Any amount accruing to the concessionaire (private entity) from passengers or any third party from the provision of following

India-China clash: Can’t make money while soldiers are killed, says Jindal

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Sajjan Jindal, chairman, JSW Group, blamed the complacency of domestic industry for increased dependency on cheaper Chinese imports.


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“A lot of my friends and co-industrialists are upset as their business with China is important to maintain healthy margins and continuity,” Jindal said via a company statement. “We cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC,” he added.


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Kenya To Emerge From Virus Lockdown, Resume International Flights

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Kenyan President Uhuru Kenyatta on Monday announced a “phased reopening” of the country, with the resumption of international flights from August 1 as well as the lifting of internal travel restrictions.

The move comes as pressure mounts to kickstart the country’s ailing economy after nearly four months of coronavirus restrictions that have devastated key industries such as tourism.

Kenyatta said in a televised address that “international air travel into and out of the territory of Kenya shall resume effective 1 August 2020.”

He also announced that a ban on movement in and out of the capital Nairobi, the port city of Mombasa and northeastern Mandera, would be lifted from July 15.

However, a curfew from 9pm to 4am will remain in place for another 30 days.

Kenya has recorded just over 8,000 cases of the virus and 164 deaths — the highest official figures in East Africa — and has seen a steep increase in numbers in recent weeks, with a fatality rate of 2.09 percent.

Health Minister Mutahi Kagwe on Sunday warned “our healthcare facilities risk being overwhelmed”.





Kenya’s beautiful beaches and savannah have given birth to a massive tourist industry
 AFP / TOBIN JONES

Fewer than 200,000 people

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