Kalyan Jewelers, PhonePe & ixigo, Bajaj Auto, Ola Cabs, Etc.

Market Briefs

Main Briefs

Kalyan Jewellers Announces 70 New Showrooms Worldwide, Including US Entry: 

• US Market Entry: Kalyan Jewellers is set to enter the US market, marking its expansion into North America.

• Global Expansion: The company plans to open 70 new showrooms globally, significantly increasing its international presence.

• Strategic Growth: This expansion is part of Kalyan Jewellers' strategy to tap into new markets and cater to a broader customer base.

• Market Presence: The new showrooms will enhance Kalyan Jewellers' brand visibility and market reach across multiple regions.

• Business Objectives: The move aligns with the company's goal to become a leading global jewellery brand, leveraging its reputation and product range.

ixigo and PhonePe Join Forces to Enhance Flights and Bus Ticket Services:

• US Market Entry: Kalyan Jewellers is set to enter the US market, marking its expansion into North America.

• Global Expansion: The company plans to open 70 new showrooms globally, significantly increasing its international presence.

• Strategic Growth: This expansion is part of Kalyan Jewellers' strategy to tap into new markets and cater to a broader customer base.

• Market Presence: The new showrooms will enhance Kalyan Jewellers' brand visibility and market reach across multiple regions.

• Business Objectives: The move aligns with the company's goal to become a leading global jewellery brand, leveraging its reputation and product range.

Indian Briefs, You Can’t Miss:

1. Bajaj Auto Rolls Out 'Freedom,' the First-Ever CNG-Powered Bike.

2. SEBI Intensifies Scrutiny with Surprise Inspections of Mutual Fund Executives.

3. Xiaomi's SU7 EV Makes Quiet Entry in India, Showcased in Bengaluru.

4. ISI Mark Now Mandatory for Stainless Steel and Aluminium Utensils: Govt.

5. Realme Partners with Sony for AI-Enhanced 5G Smartphone.

6. Govt Approves Manufacture of 10,000 More Railway Coaches, 2,500 Underway.

7. Credit Rating Agencies to Follow SEBI's Streamlined Operational Guidelines.

8. Ola Cabs Adopts In-House Mapping Solution, Exits Google Maps.

World Briefs

• Siemens Plans to Make India a Major Deep Tech Powerhouse.

• 2024 UK Election: Labour Projected to Beat Conservatives.

• AI Surge Propels Samsung's Q2 2024 Earnings, Shares Jump.

• Labour Win to Expedite India-UK FTA by October, Minor Changes Expected.

• Microsoft Announces Third Round of Layoffs Amid Tech Sector Struggles.

AI Briefs

• China's AI Companies Show Strength at AI Conference Despite Sanctions.

Company Of The Day

Company Name:  inDrive

• Founder: Arsen Tomsky

• Year Of Foundation: 2012

• Headquarter: Mountain View, California, United States

• Industry:

  InDrive is a platform dedicated to mobility and urban services, providing options for ride-hailing and various transportation services.

• Why Is It in the News?

  inDrive partners with Evera Cabs to launch EV fleet with women drivers.