MAM
Chemmanur Jewellers plans Rs.1 bn spend on 30 new outlets
BANGALORE: The Rs. 4 billion Chemmanur group announced the opening of its fifth and sixth Karnataka jewellery retail outlets in Haskote near Bangalore. Chemmanur is already present at 15 different retails outlets world wide including Bangalore, Mangalore, Bhatkal, Marathahalli in Karnataka, in the middle east at Dubai, Abu Dhabi and Bahrain, besides three outlets at Kerala and five at Tamil Nadu.
The group envisages Rs. 1 billion investments in Gold, silver and Diamond retail showrooms within two years with the opening of 15 New Showrooms in and around Bangalore within this financial year and another 15 new mini-showrooms in select and different cities and towns of Karnataka having a population of more than one hundred thousand. Each outlet in an around Bangalore would entail an investment of approximately Rs.30 to 40 million.
An official release says, the support of financial institutions like Catholic Syrian Bank, Corporation Bank, Bank of India and Vijay Bank complemented by the growth of retail and financial customers and well-wishers are the motivation factors for the ambitious expansion plans.
For the new showrooms local candidates, both male and female, would be preferred and extensive training is imparted to them at Bangalore. Professional training is provided by the Chemmanur Gold Academy in the knowledge of Gold, Diamonds and Precious Stones to employees and also to improve their skills in Sales and Customer Satisfaction, the release adds.
The group is also planning to allot equities to the Senior Employees who have served the organization for more than five years.
For meeting temporary financial requirements without liquidating their jewellery, Chemmanur has come with a unique concept by which customers can sell their gold ornaments purchased from anywhere around the world to Chemmanur outlets and avail of cash. This purchased gold is not melted but is retained in the same form in the safe custody of a bank locker. The customer has the option of buy back the same gold within the specified period against a nominal charge. This scheme has garnered around Rs.90 million over the last 9 months since it’s inception and Chemmanur is upbeat about the future growth in this ‘Cash against gold’ scheme as Chemmanur terms it.
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UP govt, HGS unit to skill one lakh youth in digital push
MoU targets jobs, training and future ready talent across state
MUMBAI: Government of Uttar Pradesh has joined hands with OneOTT Intertainment Limited, the broadband arm of Hinduja Global Solutions, to train one lakh youth, signalling a fresh push towards jobs in the digital economy.
The memorandum of understanding, signed with the Employment Department Uttar Pradesh, aims to bridge the gap between skills and industry needs while opening up employment pathways for young people across the state.
The agreement was formalised by principal secretary, labour and employment, M. K. Shanmugha Sundaram and whole-time director, Hinduja Global Solutions and MD and CEO, OneOTT Intertainment Limited, Vynsley Fernandes, in the presence of labour minister Anil Rajbhar.
Under the partnership, OneOTT Intertainment Limited will roll out training programmes, workshops and knowledge-sharing platforms designed to equip youth with skills aligned to a rapidly digitising economy. The initiative will also include research inputs, technical guidance and policy-level support to ensure effective execution.
Principal secretary, labour and employment, M. K. Shanmugha Sundaram, said, “This collaboration will help align skill development programmes with actual industry needs and prepare the youth of Uttar Pradesh for emerging opportunities in the digital services sector.”
Hinduja Global Solutions whole-time director, and OneOTT Intertainment Limited MD and CEO Vynsley Fernandes said, “India’s progress is closely linked to strengthening the capabilities of its young workforce. At HGS, we see skills evolving alongside technology, and partnerships like this help build a stronger digital ecosystem.”
The state government will facilitate coordination across departments and institutions, ensuring the programmes reach the right audiences and deliver measurable outcomes.
As digital infrastructure expands and technology reshapes job markets, initiatives like this are positioning skill development not just as training, but as a gateway to opportunity for the next generation.
