Business News Northeast - Latest Business Northeast News & Updates

20 Jan

Havells India shares upsurge despite marginal drop in third quarter net profit

Priyanka RoyBusiness, News

Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…

20 Jan

Maruti Suzuki e VITARA powers India’s EV market growth

Business BureauBusiness

Maruti Suzuki India Limited (MSIL) has launched its first Battery Electric Vehicle (BEV), the e VITARA, at the Bharat Mobility Global Expo 2025, showcasing its commitment to decarbonisation and mobility for all. Built on the new HEARTECT-e platform, the e VITARA promises superior performance, an impressive range of over 500 km, and a host of premium features including Level 2 ADAS and next-gen connectivity. Mr. Toshihiro Suzuki, President of Suzuki Motor Corporation, emphasized the company's strategy to make BEVs appealing through dedicated platforms and tailored products, with India chosen as the global manufacturing hub. MSIL's Managing Director, Mr. Hisashi Takeuchi,…

18 Jan

Royal Stag BoomBox returns with electrifying third edition, set to redefine music festivals

Business BureauBusiness

Seagram’s Royal Stag BoomBox is back for its third edition, blending the soulful melodies of Bollywood with the high-energy beats of hip-hop. The immersive music festival, which has captivated audiences in its previous two editions, will tour across major youth hubs – Hyderabad, Mumbai, Gurugram, and Guwahati. This year's star-studded lineup includes Armaan Malik, Amit Trivedi, Neeti Mohan, Raftaar, Ikka, and DJ Yogii, promising an unforgettable experience for music lovers. The festival is not just about live performances but also offers interactive experiences like art installations, AR/VR technology, and AI-powered personalization. In a first, Royal Stag BoomBox will integrate gaming…

18 Jan

Havells shares upgrade, company’s Q3 revenue rises 10% to Rs 4,889 crore

Priyanka RoyBusiness, News

Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company's revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24. The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15. Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25.…

17 Jan

Infosys reports 11.4% upsurge in October-December quarter

Priyanka RoyBusiness, News

The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.India's second-largest IT services firm Infosys Ltd on Thursday reported an 11.4 per cent rise in net profit for the December quarter (Q3) of FY25 at Rs 6,806 crore as against Rs 6,106 crore in the same quarter last year.The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.Infosys has raised its constant currency (CC) revenue growth guidance for…

17 Jan

Popular Bar Chain Closes Three More Locations Amid Financial Struggles

DeepBusiness

The New World Trading Company, operator of The Botanist bars, has announced the closure of three additional sites in Coventry, Sheffield, and Chester. This decision is part of an ongoing restructuring effort due to financial challenges exacerbated by the COVID-19 pandemic, rising inflation, and the cost-of-living crisis. These closures follow three others in October 2024, including The Florist in Liverpool and Botanist locations in Knutsford and Alderley Edge. The hospitality sector continues to face significant hurdles, with major names like BrewDog and Stonegate also affected. Industry analysts predict further store closures and job losses in 2025 as businesses grapple with…

16 Jan

Wholesale inflation increase to 2.37% in December

Priyanka RoyBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares rise nearly 5% after Elara Securities assigns ‘buy’ rating

Priyanka RoyBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…

14 Jan

Adani Group stocks inflation as Adani Power surges over 19%

Priyanka RoyBusiness, News

New Delhi: Adani Group stocks witnessed a significant surge on Tuesday, with Adani Power recovering from the previous day's fall to surge as much as 19.29%. Other stocks in the group that also registered gains included Adani Green Energy, which rose 14.54%, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE). Shares of Adani Enterprises rose 8.91%, Adani Ports surged 6%, Ambuja Cements rose 4.79%, ACC rose 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar gained 3%. All Adani Group stocks ended weak in Monday's trade following a weak trend in equities.…

14 Jan

TKM launches its 67th T-TEP and STAR scholarship initiative in Mizoram

Business BureauBusiness

Continuing its commitment to the nation’s ‘Skill India’ and ‘Make in India’ missions, Toyota Kirloskar Motor (TKM) has announced the launch of its 67th Toyota Technical Education Program (T-TEP) and the “Scholarship program for Technical Education and Recognition” [STAR] initiative under T-TEP at Government Industrial Training Institute (ITI), Aizwal, Mizoram. Reaffirming TKM’s unwavering commitment to fostering skill development and enhancing employability opportunities across the area. The initiative is a collaboration between TKM, the Government of Mizoram, and dealership partner Zote Toyota, underscoring their shared commitment to enhancing youth employability and fostering skill development. The launch event was graced by Chief…