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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Hyundai launches updated Ioniq 5 with 84 kWh battery, 690 km range
Priced at Rs 55.7 lakh, adds design, tech and safety upgrades.
MUMBAI: Charge it up, stretch it out, Hyundai’s latest electric upgrade is going the distance, quite literally. Hyundai Motor India Limited (HMIL) has introduced an updated version of its Ioniq 5, packing in a larger 84.0 kWh battery that delivers a claimed range of up to 690 km (ARAI-certified), marking a significant leap in everyday usability for its flagship electric SUV.
Built on Hyundai’s Electric Global Modular Platform (E-GMP), the refreshed IONIQ 5 aims to balance performance with practicality, reducing range anxiety while making long-distance electric travel more viable. The upgrade builds on a model that has already secured global recognition, including the World Car of the Year title.
The changes aren’t just under the skin. On the outside, the SUV gets a sharper, more futuristic look with redesigned front and rear bumpers, new skid plates, sporty alloy wheels, a revised rear spoiler and updated V-garnish lighting, all while retaining its signature Parametric Pixel design.
Inside, Hyundai has focused on making the experience more intuitive. The cabin now features a redesigned three-spoke steering wheel with illuminated pixel elements, dual 12.3-inch displays, and a reworked wireless charging pad integrated with physical controls for seat functions small tweaks that aim to improve day-to-day usability.
On the tech front, the IONIQ 5 gets Hyundai’s Connected Car Navigation Cockpit (ccNC), Controller Over-the-Air (C-OTA) updates, and now supports wireless Android Auto and Apple CarPlay. New additions such as Active Sound Design and in-car payment integration for EV charging reflect a push towards a more seamless, connected ownership experience. Remote immobilisation via Bluelink has also been introduced as an added security layer.
Safety sees incremental upgrades too, with features like Parking Collision-Avoidance Assist (Rear) and side parking distance warnings enhancing manoeuvrability in tight urban spaces.
The updated IONIQ 5 is available in four colour options Gravity Gold Matte, Midnight Black Pearl, Titan Grey and Optic White with an Obsidian Black interior theme.
Priced at Rs 55.7 lakh (ex-showroom), the new IONIQ 5 positions itself as a more rounded offering, less about futuristic promise, and more about making electric mobility fit seamlessly into everyday life.
