Business News Northeast - Latest Business Northeast News & Updates

21 Nov

Apple India’s net profit rose 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.

Priyanka RoyBusiness, News

The company's total income grew 36 percent to Rs 67,121.6 crore in FY24.iPhone maker Apple India has reported a 23 per cent rise in net profit to Rs 2,745.7 crore in FY2023-24.This information has been given in the company's regulatory filing shared by Tofler.Apple India had reported a net profit of Rs 2,229.6 crore in FY23. The company reported a 36 per cent rise in total income in FY24, rising to Rs 67,121.6 crore from Rs 49,321.8 crore in FY23.Toffler said, "Apple India Private Limited, which provides and markets Apple brand products and software, including mobile devices and laptops, reported…

19 Nov

Shilpa Medicare shares jump 6 per cent on CEP approval from EDQM

Priyanka RoyBusiness, News

Shilpa Medicare shares rose over 6 per cent in early trade on November 19, after it announced that its subsidiary Shilpa Pharma Lifesciences has received two Certificates of Suitability (CEPs) from the European Directorate for Medicines and Healthcare Quality (EDQM).At 1.15 pm, Shilpa Medicare shares were trading over 3 per cent higher at Rs 892. The stock has rallied a massive 180 per cent on a year-to-date basis, outperforming the Nifty 50 by a huge margin, which gained 9 per cent during the same time period.The first CEP received on November 18 was for Octreotide The second CEP approval received…

19 Nov

Durex TBBT ignites conversations on life skills at Shillong Cherry Blossom Festival 2024

Business BureauBusiness

Durex The Birds and Bees Talk (TBBT), an impactful program by Reckitt, global leaders in consumer health and hygiene, has once again made a significant mark at the highly anticipated Shillong Cherry Blossom Festival 2024. The event was inaugurated by Shri. Conrad K. Sangma, Hon’ble Chief Minister of Meghalaya, alongside Shri. Sniawbhalang Dhar, Deputy Chief Minister, Government of Meghalaya, Shri. Paul Lyngdoh, Hon’ble Minister of Tourism, Government of Meghalaya, and Shri Jyotiraditya M. Scindia, Hon’ble Union Minister of Development of the North-Eastern Region, Government of India, among other dignitaries. In collaboration with the Department of Health, Durex The Birds and…

19 Nov

HCG collaborates with Trucan Diagnostics to revolutionize cancer care with advanced diagnostics

Business BureauBusiness

HealthCare Global Enterprises Limited (HCG), a leader in cancer care, has partnered with Trucan Diagnostics Pvt Ltd, an innovative startup specializing in cancer diagnostics, to pioneer next-generation diagnostic tests aimed at improving cancer detection and treatment personalization. The collaboration will focus on validating advanced biomarker-driven tests developed by Trucan, which utilize next-generation sequencing to detect primary, recurrent, and metastatic cancers. These tests are designed to predict therapy response before treatment and monitor patient progress during chemotherapy or targeted therapy. The data generated will support integration of these diagnostics into routine clinical practices, enhancing precision oncology capabilities. Dr. B.S. Ajaikumar, Executive…

18 Nov

Crompton Greaves shares gain 7% on the back of a stellar second quarter performance

Priyanka RoyBusiness, News

Shares of Crompton Greaves Consumer Electrical rose 7 per cent after the company reported a rise in its consolidated net profit and revenue for the quarter ended September. At 1.40 pm, Crompton Greaves shares were trading 4 per cent higher at Rs 385. The stock has gained 23 per cent on a year-to-date basis, outperforming the Nifty 50, which rose 8 per cent during the same time frame. The company reported a 27.8 per cent rise in consolidated net profit to Rs 124.9 crore, while revenue from operations rose 6.4 per cent to Rs 1,896 crore. Segment-wise, revenue from electric…

18 Nov

Alpenliebe Juzt Jelly introduces India’s first-ever heart-shaped dual-layer jelly

Business BureauBusiness

Alpenliebe Juzt Jelly, the iconic brand from the house of Perfetti Van Melle, has introduced India’s first-ever heart-shaped, dual-layer jelly, crafted to deliver a unique sensory journey at an affordable price of INR 2. This innovative jelly features two distinct layers—a soft-foamy layer and a jelly layer, leading to a soft & chewy experience—creating a delightful combination that enhances the overall consumption experience. Alpenliebe Juzt Jelly continues to lead innovation in the jelly segment, delivering a delightful blend of fun, flavor, and texture in every bite for an elevated confectionery experience. This unique product stands out in the evolving jelly…

17 Nov

EESL launches National Efficient Cooking Programme in Tripura

Business BureauBusiness

Energy Efficiency Services Limited (EESL) inaugurated the National Efficient Cooking Programme (NECP) in Tripura, distributing 2,000 induction cooktops to Anganwadi Centres across the state. This initiative, in collaboration with the Tripura State Electricity Corporation Limited (TSECL) and the Bureau of Energy Efficiency (BEE), aims to promote energy efficiency and transition to clean electric cooking methods. The event was attended by key officials, including Tripura's Minister of Power, Shri Ratan Lal Nath, and EESL's CEO, Shri Vishal Kapoor. This program addresses health and environmental concerns associated with traditional biomass cooking, offering a cost-effective and safer alternative. Minister Ratan Lal Nath highlighted…

16 Nov

Narmada Agrobase Q2 results: Company reports gain in net profit on lower expenses

Priyanka RoyBusiness, News

Narmada Agrobase Ltd has reported a manifold jump in net profit to Rs 1.29 crore in the July-September quarter on lower expenses. Revenue from operations for the second quarter of 2024-25 stood at Rs 10.24 crore as against Rs 11.40 crore in the previous year, the company said in a statement. Expenses declined to Rs 8.51 crore in the second quarter of FY25 from Rs 11.24 crore in the year-ago period. Operating profit or earnings before interest and tax depreciation amortisation increased to Rs 2.06 crore due to lower inventory and raw material costs. The company remains optimistic about its…

16 Nov

UTI Mutual Fund expands footprint with new financial centre in Birbhum

Business BureauBusiness

UTI Asset Management Company (UTI AMC) is set to enhance its presence in India with the opening of a new UTI Financial Centre (UFC) in Birbhum, West Bengal. Located at Pankajini Lodge, Ground Floor, Shantiniketan Road, Bhubandanga, Bolpur, the new centre will be inaugurated on November 18, 2024, as part of the company’s initiative to open 19 UFCs across South, East, and Northeast India. This strategic expansion is aimed at fostering financial inclusion and making mutual fund investments more accessible to investors in smaller cities and towns. Speaking about the expansion, Mr. Imtaiyazur Rahman, Managing Director and CEO of UTI…

16 Nov

UTI Mutual Fund expands reach, opens new financial centre in Aizawl

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a prominent player in India’s mutual fund industry, is set to enhance its regional presence by inaugurating a UTI Financial Centre (UFC) at A 57, Zote Bakery, Lower Zarkawt, Chanmari, Aizawl, on November 18, 2024. The new centre is part of UTI’s plan to establish 19 UFCs across South, East, and Northeast India, aiming to bring the benefits of mutual fund investments closer to underserved areas and B30 cities. UTI AMC’s MD and CEO, Mr. Imtaiyazur Rahman, emphasized the company’s commitment to accessibility, saying, “Our goal is to ensure seamless access to our services…