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As much as 70% of Tanishq s 436 stores are outside large cities - 38% in places with 200,000-plus population and 32% in smaller towns - with the remaining 30% in metros and mini-metros, chief executive Ajoy Chawla said. Some of these are located in places such as Kudal in Maharashtra s Sindhudurg district, Bhawanipatna and Angul in Odisha, and Mirzapur and Balia in Uttar Pradesh. ....
Latha Radhakrishnan used to travel to Coimbatore city to buy gold jewellery from Tanishq s store there, but she now has the option to buy it closer home, as the Titan co-owned chain has opened an outlet at Pollachi. ....
Gold Jewellery: As much as 70% of Tanishq s 436 stores are outside large cities - 38% in places with 200,000-plus population and 32% in smaller towns - with the remaining 30% in metros and mini-metros, chief executive Ajoy Chawla said. Some of these are located in places such as Kudal in Maharashtra s Sindhudurg district, Bhawanipatna and Angul in Odisha, and Mirzapur and Balia in Uttar Pradesh. ....
SEBI unveils roadmap for bullion trading May 17, 2021 Proposes Electronic Gold Receipts to bring in transparency Indian investors will soon see a new class of security known as Electronic Gold Receipts (EGR) that will be available for trading on the stock exchanges. Like shares, these EGRs will be held in demat form and can be converted into physical gold when needed. This is part of SEBI’s plan to allow trading of spot gold on the exchange platforms. India is one of the world’s largest consumers of gold with annual demand of around 900-1,000 tonnes. But the purchase of spot gold is only on over-the-counter market as of now. In this year’s Budget, the Finance Minister had designated SEBI as a regulator for spot exchanges. The National Stock Exchange, BSE, the Multi Commodity Exchange and National Commodity & Derivatives Exchange are expected to be given permission initially to trade EGRs. ....