Business News Northeast - Latest Business Northeast News & Updates

11 Jun

Crude Holds Steady as U.S.-Iran Military Strikes Counterbalance Softening Global Demand

anuprovaBusiness

Global oil benchmarks remained tightly range-bound as market participants carefully balanced a fresh escalation in U.S.-Iran military hostilities against a backdrop of cooling international demand. Crude prices initially spiked following a round of targeted U.S. airstrikes near the critical Strait of Hormuz—ordered in retaliation for the downing of an American Apache attack helicopter—before retreating back to absolute equilibrium. Global benchmark Brent crude futures hovered flatly at $91.24 per barrel, while U.S. West Texas Intermediate (WTI) navigated a tight corridor around $88.06 per barrel. This gridlock underscores a deep tug-of-war in the energy sector, where an immediate geopolitical risk premium is…

11 Jun

Blenders Pride Unveils “Reserved Experiences” to Reimagine Flavour Across All Senses

Business BureauBusiness

Blenders Pride Packaged Drinking Water has launched “Blenders Pride Reserved Experiences,” a new cultural platform designed to deliver flavour as a multi-sensory journey — seen, heard, felt and tasted, not just consumed. Curated with Chef Kunal Kapur, the Kolkata showcase featured an intimate live gastro-performance where texture, aroma and rhythm were orchestrated in real time, followed by immersive spaces including visuals, aroma-led installations, tactile explorations and a curated tasting experience. The platform continues its journey after earlier editions in Chandigarh, Gurgaon and Jaipur, with 10+ activations planned across key markets.

10 Jun

Bandhan Bank ties up with Centrum Finverse to launch 3-in-1 investment platform

Business BureauBusiness

Bandhan Bank has entered into a strategic partnership with Centrum Finverse Limited, the full-service brokerage arm of the Centrum Group, to launch an integrated 3-in-1 account that combines banking, demat and trading services on a single platform. The collaboration aims to simplify the investment journey for customers by offering a seamless, paperless account-opening process supported by Bandhan Bank’s extensive branch network and digital platforms. Through the unified platform, customers will gain access to a wide range of investment opportunities, including equities, IPOs, derivatives, ETFs and indices, along with advanced trading features such as chart-based execution, algorithmic strategies and margin leverage.…

10 Jun

Reliance, Meta join hands to build AI-enabled data centre in Jamnagar

Business BureauBusiness

Reliance Industries Limited (RIL) on Wednesday announced a strategic partnership with Meta Platforms to develop a 168 MW AI-enabled data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre capacity in India and a major boost to the country’s ambitions of becoming a global artificial intelligence infrastructure hub. Under the agreement, Meta will lease capacity from the facility, which is expected to be delivered within two years with an option for future scaling. The data centre will support Meta’s global infrastructure, core business operations and growing AI compute requirements, while strengthening its long-standing partnership with Reliance across connectivity, commerce…

09 Jun

Adani Energy Consolidates Digital Power Dominance with ₹3,050 Crore Acquisition of Leading Smart Meter Firm IntelliSmart

anuprovaBusiness

Adani Energy Solutions Limited (AESL) has signed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of ₹3,050 crore. IntelliSmart, one of India’s top three smart metering operators, was established as a prominent joint venture between the sovereign-linked National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The multi-crore transaction includes the total buyout of IntelliSmart's equity share capital alongside the complete redemption of optionally convertible debentures held by NIIF. The absolute finalization of the cash-based deal remains subject to customary closing conditions and…

09 Jun

PM Ujjwala Subsidy Hit: Annual Cylinder Limit Slashed to 4 from 9, ₹300 Concession Remains

PreetiBusiness

The number of PM Ujjwala Yojana scheme cylinders has been reduced from 9 to 4 per year. Under this scheme, poor consumers used to receive 9 cylinders a year at a subsidized price, with a concession of ₹300 on each cylinder.That means such beneficiaries only had to pay ₹642 per cylinder. However, due to a shortage of cooking gas caused by the war in West Asia, the Center has decided to reduce the 9 cylinders provided to the poor to four.

09 Jun

JSW Steel Nears 98% Capacity Utilisation in India, Eyes Future 54.8 MTPA Target

nanikaBusiness

India's largest steelmaker by capacity, JSW Steel, has reported a robust 15 percent year-on-year jump in consolidated crude steel production for May, reaching 2.29 million tonnes. According to an official company statement, the growth was primarily driven by the full resumption of operations at its Dolvi plant and a successful ramp-up at JVML. Production from domestic operations alone rose 15 percent to 2.19 million tonnes, while the company's US facility in Ohio registered a 20 percent output increase to 950,000 tonnes. This substantial production surge was achieved despite a major planned outage at the company’s flagship Vijayanagar facility in Karnataka.…

08 Jun

Snapchat records 10x advertiser growth in India amid rising Gen Z engagement

Business BureauBusiness

Snapchat has strengthened its position in India’s digital advertising landscape, reporting a tenfold increase in the number of advertisers on its platform over the past two years, driven by growing adoption of immersive advertising formats, AI-powered targeting tools and high-attention ad placements within Chat. The platform, which now reaches more than 250 million users in India, said the number of advertisers spending consistently across all four quarters has tripled during the period. Snapchat attributed the growth to brands increasingly seeking meaningful engagement with Gen Z consumers, a segment that contributes 43 per cent of India’s consumption and is projected to…

08 Jun

RBI holds rates steady; Kotak Mahindra Bank sees 50 bps hike from October

Business BureauBusiness

The Reserve Bank of India (RBI) kept its key policy rates and monetary policy stance unchanged, while flagging heightened inflation risks, prompting economists to closely watch the central bank's next moves amid evolving domestic and global economic conditions. Reacting to the monetary policy announcement, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the RBI's decision to maintain rates and stance was largely in line with market expectations. However, she noted that the central bank's emphasis on amplified inflation risks indicates continued vigilance on price pressures and the broader macroeconomic environment. Bhardwaj said Kotak Mahindra Bank expects a cumulative 50…

07 Jun

Nestle India Reports Rise in Royalty Fees and Withholding Taxes Amid Unchanged License Terms

nanikaBusiness

FMCG major Nestle India witnessed a significant 13.91 percent increase in its general licence fees, commonly known as royalty payments, paid to its Switzerland-based parent entity, Societe des Produits Nestle S.A. According to the company's latest annual report, the total royalty payout climbed to ₹1,024.5 crore for the financial year ended March 31, 2026. In addition to the core license fees, the consumer goods giant shellled out ₹102.47 crore as withholding tax on these general licence fees during FY26. This marks a notable rise from the previous financial year, FY25, when Nestle India paid ₹899.41 crore in general licence fees…