Bombay Stock Exchange

The Bombay Stock Exchange has reportedly postponed the launch of its new platform under BSE SME which was focused on listing startups. The launch was earlier scheduled on 9th of July but could not be taken forward. However, the reason for the same has not been disclosed yet. BSE was launching the platform for the basic purpose of listing fresh companies in sectors like IT, ITES, biotechnology and life sciences, 3D printing, space technology and e-commerce to give a boost to startups. "BSE has decided to postpone the split of the BSE startup sub-segment from BSE SME segment. Startups will continue to list on BSE SME segment as usual. These startups will have the option to migrate to BSE startup segment once BSE startup segment is launched," BSE said in a circular. The officials from th...

Titan, Tata Group’s daughter company announced that it is targeting a gross revenue of Rs 50,000 crore by FY 22-23 and is forecasting its jewelry business to keep driving the sales of the company. “Titan now aspires to touch 50 million customers across all its businesses and achieve the UCP (Uniform Consumer Price) revenue of Rs 50,000 crore by 2022-23,” Titan Company Ltd released in a BSE filing. Therefore, the jewelry business will remain the major driver of revenues of the company. The target revenue is Rs 40,000 crore that will allow Titan to own about 10% of the jewelry market share. UCP is a synonym for Maximum Retail Price (MRP) of the products for sale. UCP revenues refer to the sum total of the MRP from all the items sold by the firm and includes discounts, channel and fr...

Tag: Bombay Stock Exchange

News of the Day: BSE Postpones The Launch of Its Startup Platform

Titan Sets 50000 Crore Gross Revenue Target