Titan Company’s arm Tanishq re-launches gold deposit scheme

Titan Company’s jewellery retail chain arm -- Tanishq -- has revived its ‘gold harvest’ scheme, which it had to discontinue a few months back due to the new Companies Act which terms such schemes as public-deposit schemes. The old golden harvest scheme was popular with customers as they had to pay equated sums for 11 months, and the company paying up the last instalment. The customer could then buy gold worth 12 months of deposits. Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.