Business News Northeast - Latest Business Northeast News & Updates

24 Jul

Gold Heads for Weekly Gain as Middle East Hostilities Fuel Safe-Haven Demand Amid Federal Reserve Rate Uncertainty

anuprovaBusiness

Gold prices held on track for a weekly gain as ongoing military conflict in the Middle East sustained demand for safe-haven assets, even as volatile crude oil prices created uncertainty around the U.S. Federal Reserve’s monetary policy outlook. Spot gold traded higher around $4,059 per ounce, supported by persistent geopolitical friction following U.S. strikes on Iranian targets and Houthi-linked threats to Red Sea energy shipping lanes. The geopolitical strain briefly propelled Brent crude above $100 a barrel, renewing fears that elevated energy costs could reignite inflationary pressures and compel the Federal Reserve to keep interest rates higher for longer or…

24 Jul

Nestlé India reports strong Q1 with 25.4% sales growth, profit jumps 47.9%

Business BureauBusiness

Nestlé India posted a robust performance for the first quarter of FY2026-27, reporting a 25.4% increase in total sales to ₹6,363.3 crore, driven by strong volume growth across all four product groups. Profit After Tax (PAT) surged 47.9% year-on-year to ₹975.1 crore, while the company maintained a healthy EBITDA margin of 24.2%, supported by accelerated cost savings and over 40% higher advertising investments. Exports grew 35.6% despite geopolitical headwinds, while earnings per share stood at ₹5.06. Chairman and Managing Director Manish Tiwary attributed the performance to sustained consumer trust, execution excellence and broad-based demand across channels. The quarter saw the…

23 Jul

Shyam Steel breaks ground on Rs 10,000-crore integrated steel plant in Bankura

Business BureauBusiness

Shyam Steel Group on Friday laid the foundation stone for its proposed 2-million-tonnes-per-annum (MTPA) integrated steel plant at Mejia in West Bengal's Bankura district, marking the start of a Rs 10,000-crore expansion project aimed at significantly boosting the state's steel manufacturing capacity. The foundation stone was laid by West Bengal Chief Minister SuvenduAdhikari in the presence of state ministers and senior company officials. The project will include a Direct Reduced Iron (DRI) unit, pellet and beneficiation facilities, a steel melting shop and a high-speed rolling mill for TMT bars and structural steel. With the new facility, Shyam Steel's finished steel…

23 Jul

Maruti Suzuki Adapts Brezza to Evolving Consumer Mindsets

nanikaBusiness

Maruti Suzuki India is repositioning its popular compact SUV Brezza to meet the changing preferences of Indian consumers, with a stronger focus on first-time buyers and evolving customer expectations. Ahead of the launch of the refreshed model, the country’s largest carmaker said the new Brezza has been developed to appeal to a wider range of buyers rather than a single customer segment. The company said the profile of Brezza customers has changed significantly in recent times. The share of first-time car buyers has increased, while first-time buyers, replacement buyers and additional-car buyers now contribute almost equally to the model’s customer…

23 Jul

Fatty Liver and Reflux in Young Adults: What’s Driving the Trend?

Business BureauBusiness

Dr. Vijaykumar C Bada,Sr. Consultant Surgical Gastroenterology, HPB, Bariatric & Robotic Sciences. Clinical Director,Yashoda Hospitals, Hyderabad says, Fatty liver disease and gastroesophageal reflux disease (GERD) are increasingly common in young adults—a trend driven by lifestyle, environment, and shifting health patterns. Nonalcoholic fatty liver disease (NAFLD) now affects a growing proportion of people in their 20s and 30s, while reflux symptoms once associated with older age are appearing earlier and more often. One major driver is diet. Greater consumption of processed foods, sugar-sweetened beverages, and high-calorie convenience meals increases calorie intake and promotes fat accumulation in the liver. Fructose and refined…

23 Jul

Motorola targets premium smartphone segment with edge 70 max launch at Rs 49,999

Business BureauBusiness

Motorola has strengthened its premium smartphone portfolio in India with the launch of the edge 70 max, a flagship device aimed at consumers seeking high-end performance, AI-powered features and long battery life. The smartphone, priced at an effective introductory price of Rs 49,999, will be available from July 20 through Flipkart, Motorola.in and leading retail outlets, with no-cost EMI options of up to 18 months. Powered by Qualcomm's Snapdragon 8 Gen 5 processor, the edge 70 max delivers an Antutu score of over 3 million and comes with up to 12GB LPDDR5X RAM, 256GB storage and a 5,500 sq mm…

23 Jul

ASCI records highest-ever voluntary compliance rate in Q1, signalling stronger consumer trust

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has recorded its highest-ever voluntary compliance rate of 99.7 per cent in the first quarter of FY2026-27, reflecting a growing commitment among advertisers, agencies, influencers and digital platforms to responsible advertising and consumer protection. According to ASCI, marketers promptly modified or withdrew advertisements following its recommendations, despite the fragmented and fast-moving nature of India's digital advertising ecosystem. The compliance rate marks a sharp improvement from 86 per cent in FY2025-26 and 83 per cent in FY2024-25, underscoring the increasing acceptance of self-regulation across the industry. During the quarter, ASCI processed 1,616 cases involving…

22 Jul

Indian State Refiners Halt Iraqi Oil Loadings Amid Escalating Strait of Hormuz Attacks

anuprovaBusiness

India’s major state-run refiners, including Indian Oil Corporation (IOC) and Mangalore Refinery & Petrochemicals Ltd. (MRPL), have suspended crude oil loadings from Iraq as intensifying maritime attacks render transit through the Strait of Hormuz dangerously unsafe. The abrupt decision follows a series of projectile strikes on commercial vessels and oil tankers navigating the strategic chokepoint, forcing energy companies to reassess the risks of sending fully laden supertankers through the waterway. As part of the pullback, IOC abandoned plans to load two million barrels of crude onto the Very Large Crude Carrier (VLCC) Lila Jamnagar at Iraq's Basrah Oil Terminal. Meanwhile,…

22 Jul

Bajaj Auto Targets Top Spot in Electric Scooter Market With Profitable Growth Strategy

nanikaBusiness

Bajaj Auto is aiming to become a leader in the electric two-wheeler market while maintaining profitability, according to Joint Managing Director Rakesh Sharma. The company plans to strengthen its electric vehicle portfolio with the launch of two new Chetak products over the next six months and is also working on electric motorcycles. Speaking after the company’s latest results, Sharma said Bajaj Auto is determined to achieve the number-one position in the electric scooter segment but will not compromise its financial performance to gain market share. He emphasised that sustainable growth and a healthy bottom line remain central to the company’s…

22 Jul

Robotic surgery helps Mizoram woman beat early-stage uterine cancer

Business BureauBusiness

A 68-year-old woman from Mizoram has successfully recovered from early-stage uterine (endometrial) cancer after undergoing robotic-assisted surgery at Manipal Hospital, EM Bypass, Kolkata, highlighting the growing role of advanced minimally invasive technology in cancer treatment. The procedure was performed by Dr. Arunava Roy, Head of Gynaecology Oncology and Robotic Surgery (Gynaecology), along with his multidisciplinary team. The patient, Lalhlupuii from Aizawl, initially sought treatment after experiencing abnormal uterine bleeding. A biopsy confirmed FIGO Grade I endometrial cancer, following which she was referred to the Kolkata hospital for specialised care. After MRI and CT scans, doctors recommended robotic-assisted surgery considering the…