Business News Northeast - Latest Business Northeast News & Updates

22 May

V-Guard bags national quality award for manufacturing excellence

Business BureauBusiness

V-Guard Industries Limited has received the prestigious Performance Excellence Award at the IMC Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2025, securing the honour in its very first year of participation. The award recognises V-Guard’s collective manufacturing excellence across its five facilities located at Chavadi, Kashipur, Perundurai, Sikkim Unit 2, and Roorkee. The IMC RBNQA, administered by the IMC Chamber of Commerce and Industry, is regarded as one of India’s highest benchmarks for organisational excellence and is modelled on the globally acclaimed Malcolm Baldrige framework of the United States. The evaluation process involved a detailed review of the company’s manufacturing…

22 May

Strait of Hormuz Crisis: Worst Case Supply Disruption Could Send Oil Soaring To $200

anuprovaBusiness

Energy research firm Wood Mackenzie delivered a stark warning on Monday, saying global crude prices could rocket to an unprecedented $200 per barrel if the vital Strait of Hormuz remains closed through the end of the year. The new report warns of a catastrophic scenario of “extended disruption,” echoing earlier warnings from Iranian military officials that regional escalation would result in a historic energy shock. The strategic waterway is the world’s most important maritime energy choke point. The outbreak of conflict earlier this year has already choked more than 11 million barrels per day of Gulf crude and condensate production…

22 May

Legal Blow to Vedanta: Apex Court Restores Multi-Crore Grid Code Penalty on Talwandi Sabo Power

nanikaBusiness

In a major legal setback for Vedanta Limited, its subsidiary, Talwandi Sabo Power Limited (TSPL), has been held liable to pay a penalty of approximately ₹127 crore, along with a late payment surcharge, to the Punjab State Power Corporation Limited (PSPCL). The financial liability follows a landmark judgment delivered by the Supreme Court of India. In a regulatory filing, Vedanta disclosed that the apex court has set aside a previous relief order passed by the Appellate Tribunal for Electricity (APTEL). Consequently, the Supreme Court has completely restored the original directive issued by the Punjab State Electricity Regulatory Commission (PSERC), which…

22 May

ASCI’s AdWise programme reaches over 1 million students across India

Business BureauBusiness

Advertising Standards Council of India has announced that its advertising literacy initiative, AdWise, has reached more than 10.66 lakh students across 2,063 schools in India. The programme, developed by ASCI Academy, was designed to help children understand and critically evaluate modern advertising formats, especially in the digital space where influencer marketing and branded content are increasingly common. The initiative covered schools across 13 states, including Uttar Pradesh, Maharashtra, West Bengal, Assam, Karnataka and Tamil Nadu, with sessions conducted in eight languages such as Hindi, English, Marathi, Tamil and Assamese. Students from Grades 3 to 8 participated in structured classroom sessions…

21 May

Australia’s Unemployment Rate Climbs to 4.5% Easing RBA Rate Hike Pressure

anuprovaBusiness

Australia’s unemployment rate unexpectedly rose to 4.5% in April, the highest since November 2021, reflecting a major cooling in the country’s labor market. Data published by the Australian Bureau of Statistics showed the economy lost 18600 jobs over the month, versus consensus forecasts for a modest gain of 15000 positions. The fall was mostly due to a shrinking in female employment, with 10,700 fewer full-time jobs and 7,900 fewer part-time jobs. Meanwhile, unemployment rose 33,000 to 636,000 and the workforce participation rate dipped a hair to 66.7 per cent. The sudden easing of the labor market poses a tricky balancing…

21 May

Adani Power Expands Energy Portfolio with ₹4,194 Crore Jaiprakash Acquisition

nanikaBusiness

In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore. According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore. Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate…

20 May

ASCI Releases Draft Guidelines for Responsible Labelling of AI-Generated Content in Advertising

Business BureauBusiness

The Advertising Standards Council of India (ASCI) on Tuesday released draft guidelines for the responsible labelling of Artificial Intelligence (AI)-generated content in advertising, amid growing use of AI-powered campaigns by brands across sectors.The proposed guidelines, aligned with the amended Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2026, aim to ensure transparency for consumers while avoiding excessive disclosure requirements that may lead to “label fatigue.”ASCI said the framework follows a risk-based approach, focusing on consumer impact rather than regulating the technology itself. According to the draft, AI-generated advertising would be considered misleading or harmful if it creates false…

20 May

ABD clocks record FY26 earnings, ICONiQ white crosses 10 million cases

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) reported record financial results for FY26, driven by strong premium portfolio growth, luxury expansion and rising global presence. The company posted its highest-ever annual EBITDA of ₹568 crore, up 25.8 per cent from ₹451 crore in FY25, while PAT rose 13 per cent to ₹220 crore. Income from operations increased 11.5 per cent to ₹3,949 crore. In Q4FY26, ABD recorded its seventh consecutive profitable quarter post listing, with revenue rising 9.1 per cent to ₹1,020 crore. Quarterly EBITDA touched an all-time high of ₹182 crore, while EBITDA margin improved to 17.9 per cent. However,…

20 May

Asia’s Only Listed Dialysis Chain, NephroPlus, Aims for Global Network Status in 5 Years

nanikaBusiness

India-based renal care major NephroPlus is rapidly transforming into a global powerhouse, with international markets now driving the company’s growth and profitability. Currently Asia’s only listed dialysis company—and one of just three globally—the Hyderabad-headquartered network is aggressively expanding its footprint far beyond its home market. Following the announcement of its FY26 financial results, group CEO Rohit Singh stated that the company aims to be recognized as a truly global dialysis network within the next five years. NephroPlus, which is already the world’s fifth-largest dialysis network by scale, operates over 520 clinics across India, the Philippines, Saudi Arabia, Uzbekistan, and Nepal.…

20 May

CenturyPly reclaims 30% IT workload with ManageEngine-led digital transformation

Business BureauBusiness

Century Plyboards India Limited (CenturyPly) has consolidated its IT operations using enterprise management solutions from ManageEngine, a division of Zoho Corporation, helping the company reclaim nearly 30 per cent of its IT workload while significantly improving operational efficiency and cybersecurity monitoring. The company said the deployment eliminated more than 50 daily password-related help desk calls and automated the onboarding of 70–100 employees every month. CenturyPly, which operates multiple manufacturing plants and regional offices across India, had been facing operational challenges due to fragmented IT systems and rising workforce expansion. According to the company, engineers earlier spent hours manually creating Active…