SHOWROOM
Kalyan Jewellers to enter US market, plans 70 new showrooms globally
In its quarterly update report released today, the company has said that it has reported overall revenue growth of approximately 27% YoY, whereas revenue growth for India operations stood at 29% during Q1 FY2025. Revenue growth from Middle East operations stood at 16% YoY
Malabar Gold & Diamonds strengthens its presence in the UK
Malabar Gold & Diamonds has inaugurated its second UK store in Leicester on Belgrave Road's Golden Mile. The 2,000 sq. ft showroom features over 20,000 jewellery designs catering to various needs. Chairman M P Ahammed lauded customer trust during their UK expansion, with future stores planned for Southall, Wembley, Birmingham, and Manchester. Vice Chairman Abdul Salam K.P emphasized sustainability, using LBMA-certified bullion and conflict-free diamonds.
Malabar Gold opens 2nd store in UK, eyes further expansion
Malabar Gold & Diamonds, the world's sixth-largest jewellery retailer, opened its second UK showroom in Leicester on Thursday. This new 2,000-square-foot store is on Belgrave Road's Golden Mile. The inauguration was done by Leicester City Mayor Peter Soulsby. The store features over 20,000 jewellery designs from 20 countries. It caters to various wear categories, including bridal and office, the company said in a statement.
Senco Gold Q4 Results: PAT rises 24% YoY to Rs 32 crore; revenue jumps 40%
Senco Gold, a listed jewellery company, experienced a significant boost in its net profit during the fourth quarter of FY24, thanks to the surge in gold prices. The net profit increased by 23.6%, reaching Rs 32.17 crore compared to Rs 26.03 crore in the fourth quarter of FY23.
Delhi car showroom firing: Shooter killed in encounter with police
A shooter, Ajay alias Goli, was killed in an encounter with the Delhi Police Special Cell near Shahbad Dairy. Ajay, a native of Haryana's Rohtak, was involved in a dozen murder cases and registered under the Arms Act. He and Mohit Ridhau opened fire at a luxury car showroom in west Delhi, causing seven injuries. The shooters left a note with the names of three gangsters.
Delhi car showroom firing: Himanshu Bhau gang member, Ajay aka Goli shot dead in Delhi encounter
New Delhi: Ajay aka Goli, a member of the Himanshu Bhau gang was killed in an encounter between Delhi Police and criminals. The encounter was done by the Counter Intelligence Unit of Special Cell in Rohini Sector 29 of the Shahbad Dairy Police Station ar...
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Jewellery chains take a shine to malls as buyers go for brands
Jewellery shops are becoming a prominent feature in shopping malls in India, as consumers shift towards established retailers. Each mall now has about 8-10 jewellery stores, occupying nearly 5% of total mall space, up from just 1% two years ago. The organised jewellery retail segment has been outpacing other consumer discretionary segments since April 2023, contributing 15-20% of mall revenues despite occupying only about 5% space.
Tesla scouting for its first India showroom locations in these cities
Tesla plans to open showrooms in New Delhi and Mumbai, India, aiming for 3,000 to 5,000 square feet outlets with service hubs. Production in Germany for India export. Meeting with Modi anticipated during India visit.
Xiaomi CEO teases price on upcoming EV, showrooms begin displaying vehicle
The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range.
Xiaomi CEO teases price of company's first car, showrooms begin displaying vehicle
Xiaomi's CEO revealed plans for the company's first electric vehicle, aiming for it to be the best-looking, easiest to drive, and smartest car under $69,424. The car, named SU7, will be available for order this week, with two versions offering driving ranges of up to 668km and 800km.
'Bigg Boss 17' contestant Anurag Dobhal slams winner Munawar Faruqui, compares winning amount with his car's tire
In a scathing vlog, former 'Bigg Boss 17' contestant Anurag Dobhal criticised both the show and its winner, Munawar Faruqui. Dobhal compared the show's prize money to the cost of McLaren tyres, highlighting the stark contrast between his lavish lifestyle and the show's rewards. Additionally, he took aim at Faruqui's personal life, advising against alleged two-timing behaviour.
Cross-border B2B platform Expo Bazaar opens showroom in Dallas
Expo Bazaar, a subsidiary of India Exposition Mart Limited (IEML), already has a showroom in Atlanta in the US besides Europe. The approach of establishing a warehouse in the US provides a convenient solution for small boutique stores and independent retailers and procure high-quality Indian products in smaller quantities, according to a release issued by the platform. India’s handicrafts exports during 2022-23 were $3.72 billion with the US being the largest export destination with $1.37 billion.
Chennai: After fight with wife, man smashes 20 cars in a showroom
A man reportedly vandalized about 20 parked cars at a used car showroom garage in Kolathur, Chennai, following a domestic dispute with his wife. The showroom owner filed a complaint, leading to an investigation by Rajamangalam police.
Amazon to sell Hyundai vehicles online starting in 2024
Customers will be able to shop for, equip and buy a car at Amazon and schedule delivery through a local Hyundai dealer, the companies said.
Showroom B2B raises $6.5 million in funding led by Jungle Ventures
The latest round of funding will help scale the company’s experience store model across Tier II and III markets in India, as per a statement. These stores facilitate access to garment samples and catalogues for fashion retailers and wholesalers.
Joyalukkas to open 40 new showrooms in India, abroad in next 2 yrs with investment of Rs 2,400 cr
Jewellery firm Joyalukkas India Pvt Ltd plans to invest Rs 2,400 crore in the next two years to open 30 new showrooms in India and ten overseas. The company also intends to go public to expand its business. Currently, Joyalukkas has 100 showrooms in India and 60 outlets in ten countries. The investments will be funded through internal accruals and bank loans, and the showrooms will be company-owned.
Kalyan Jewellers to launch 33 more showrooms in India before Diwali
Indian jewellery retailer Kalyan Jewellers plans to open 33 new showrooms in India before Diwali. The company will unveil showrooms in Kalyan and Candere formats across the country. In addition, Kalyan Jewellers signed six letters of intent for franchised showrooms in the south region and five more for showrooms in the Middle East.
5 Best Car Care Kits in India for Car Care Kit for a Showroom-Worthy Finish
Every automobile owner should have a car care kit. It normally consists of a variety of items and implements made to keep your car appearing neat and well-kept. A car maintenance package contains everything you need to keep your car in great shape, from tire shine and inside cleaners to tire wash soap and microfiber towels. So, buy one for your car today!
Sencoverse: D-St's new kid gives India its first virtual jewellery showroom on metaverse
Senco Gold & Diamonds has launched Sencoverse, India's first virtual jewelry retail space within the metaverse, aiming to engage with digitally adept millennials and Gen Z shoppers. The virtual showroom offers an immersive shopping experience, allowing customers to view jewelry items in 360 degrees, zoom in for intricate details, and virtually try on items.
Senco Gold & Diamonds launches virtual showroom 'Sencoverse' on metaverse
Indian jewellery retailer Senco Gold & Diamonds has launched its first virtual showroom, called Sencoverse, on the metaverse. The platform aims to offer customers a more personalised and seamless shopping experience by bringing the brand's exquisite jewellery to life in the virtual realm. Customers can access Sencoverse from anywhere by visiting the platform and entering basic information. The virtual showroom provides a 360-degree view of jewellery items, interactive features for zooming in on details, and a try-on feature.
Tata Motors to set up separate sales network for electric vehicles this fiscal year
Tata Motors is planning to establish a separate sales network for its electric passenger vehicles (EVs) in the current fiscal year. The move aims to provide a specialized experience to customers opting for eco-friendly models. The company's growing portfolio of EVs and the unique needs of customers require separate outlets for EVs and internal combustion engine (ICE) models.
Around 400 vehicles gutted in fire at two-wheeler showroom in Andhra Pradesh
Around 400 vehicles were gutted in a fire that broke out in a two-wheeler showroom in Andhra Pradesh on Thursday morning, a police official said. The fire broke out around 5 am at the showroom located near the national highway (NH-16) and raged for about 90 minutes, the police official added.
Two-wheeler brand e-Sprinto plans to set up 10 showrooms in Assam this year
The 10 new showrooms in Assam are part of e-Sprinto’s strategic growth plan to establish a strong presence in key North-East markets. The company’s decision to establish a significant presence in Assam stems from the state’s increasing adoption of electric vehicles and its potential as a thriving market.
Malabar Gold & Diamonds to open the world’s biggest jewellery showroom in Kozhikode
It will be the world's biggest jewellery showroom, covering an area of 1,10,000 square feet with five floors for shopping and three for parking. Social Political leader Panakkad Sayyid Sadiq Ali Shihab Thangal will formally inaugurate the store on 7th May. Malabar family members and other socio-political dignitaries will attend the function.
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