Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Titan Company Limited
  6. News
  7. Summary
    500114   INE280A01028

TITAN COMPANY LIMITED

(500114)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 06/18
1708.95 INR   +0.05%
05/03Indian Stocks End Mixed Amid Volatile Trading; SBI Life Insurance Rallies 5%
MT
05/02TITANá : Forms New Subsidiary in US
MT
04/29JSW STEELá : Indian shares end at over month's high as steelmakers surge
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Tata Group pulls ad featuring Hindu-Muslim family after outcry

10/14/2020 | 09:10am EDT
People are seen outside a Tanishq jewellery store in Mumbai

NEW DELHI/AHMEDABAD, India (Reuters) - A subsidiary of India's tea-to-telecoms Tata Group has withdrawn a jewellery advertisement featuring a Hindu-Muslim family celebrating a baby shower, following threats to one of its stores and wide criticism on social media.

Muslims make up about 15% of India's 1.3 billion people, most of whom are Hindu, and marriages between the two communities are still taboo in some regions.

Tanishq, a jewellery firm and unit of the Tata-controlled Titan Company Ltd., released the advertisement in its "Ekatvam", or oneness campaign, showing a Hindu bride and her Muslim in-laws holding a baby shower in the Hindu tradition.

On Wednesday, staff at the Tanishq jewellery store in the city of Gandhidham in western Gujarat state told Reuters they had posted an apology outside the store following hundreds of threatening calls.

"The Tanishq ad appearing in media today is shameful," read Monday's note, written in Gujarati, the state language. "Gandhidham Tanishq seeks forgiveness from the entire Hindu community of Kutch district."

Although some people had gone to the store seeking an apology for the advertisement, police official Mayur Patil told Reuters, there were no physical threats.

"They did get a lot of phone calls because of the ad, but there has been no attack or ransacking," added Patil, a police superintendent in the area. "Police are present at the store, and the store is functioning."

Calls to boycott the company over the advertisement were trending on social media on Tuesday, with some people accusing it of promoting "Love Jihad", a reference to the idea of a conspiracy by Muslims to forcibly convert Hindu women.

In a statement late on Tuesday, Tanishq said it withdrew the film due to "hurt sentiments, and the well-being of our employees, partners and store staff".

The withdrawal has also provoked criticism that the company is pandering to extremists.

"Its capitulation points to the pervasive atmosphere of fear and intimidation that some have unleashed in the country," said Shashi Tharoor, a prominent opposition lawmaker.

"Never thought I'd see the day when purveying communal hatred is the new normal."

Founded in 1868, Tata is one of India's largest and well-known companies, with dozens of businesses spanning chemicals to consultancy.

At the last general election in 2019, Tata was the largest donor to Prime Minister Narendra Modi's Bharatiya Janata Party, public filings show. It was also the biggest donor to the main opposition Congress party.

Modi's critics say India's long-standing tradition of celebrating diversity has come under attack since the Hindu nationalist BJP won power in 2014. The party denies this, saying it has empowered minority groups.

In 2019, an advertisement for Unilever's detergent Surf that promoted Hindu-Muslim unity also triggered a backlash.

(This story is refiled to correct byline, no changes to text)

(Reporting by Alasdair Pal in New Delhi and Sumit Khanna in Ahmedabad; Editing by Michael Perry and Clarence Fernandez)

By Alasdair Pal and Sumit Khanna


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
PAL GROUP HOLDINGS CO., LTD. -0.88% 1687 End-of-day quote.38.17%
TITAN COMPANY LIMITED 0.05% 1708.95 End-of-day quote.9.02%
All news about TITAN COMPANY LIMITED
05/03Indian Stocks End Mixed Amid Volatile Trading; SBI Life Insurance Rallies 5%
MT
05/02TITANá : Forms New Subsidiary in US
MT
04/29JSW STEELá : Indian shares end at over month's high as steelmakers surge
RE
04/29Indian shares gain in volatile trade, blue-chip earnings in focus
RE
04/29India's gold demand could falter in June quarter on COVID-19 lockdowns - WGC
RE
04/27TITANá : Brickworks Maintains Titan's AAA Rating; Outlook Stable
MT
04/23TITANá : Unit Launches New Aerospace Solutions Subsidiary in US
MT
04/12MARKET CHATTER : Titan Co.'s CaratLane Appoints Co-Founder as COO
MT
04/08TITANá : Records 60% Revenue Growth in Fiscal Q4
MT
03/17TITANá : ICRA Reaffirms Titan Co.'s Rating on Fixed Deposit
MT
More news
Financials
Sales 2021 195 B 2 634 M 2 634 M
Net income 2021 9 449 M 127 M 127 M
Net cash 2021 12 668 M 171 M 171 M
P/E ratio 2021 160x
Yield 2021 0,24%
Capitalization 1 517 B 20 458 M 20 464 M
EV / Sales 2021 7,70x
EV / Sales 2022 6,01x
Nbr of Employees 7 550
Free-Float 41,6%
Chart TITAN COMPANY LIMITED
Duration : Period :
Titan Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TITAN COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 1 708,95 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers and Directors
NameTitle
C. K. Venkataraman Managing Director
Subbu Subramaniam Chief Financial Officer & Head-IT
Ashok Kumar Sonthalia Chief Financial Officer-Designate
N. Muruganandam Thiru Chairman
Ashwani Puri Independent Non-Executive Director