Business News Northeast - Latest Business Northeast News & Updates

01 Jun

IT Stocks Rally as AI Boom Lifts Sentiment; Infosys and TCS Lead Gains

anuprovaBusiness

Indian IT stocks witnessed a strong rally, with Infosys and TCS gaining between 2 and 4 percent, while the Nifty IT index surged nearly 3 percent, outperforming the broader market. The sector emerged as a bright spot amid overall market weakness, driven by renewed optimism surrounding artificial intelligence (AI) and encouraging global technology trends. Investor sentiment received a boost after cloud data platform company Snowflake reported stronger-than-expected earnings and provided an upbeat outlook, citing robust demand for AI-related products and services. The results reinforced expectations that global enterprises will continue increasing investments in AI infrastructure, data analytics, and digital transformation…

01 Jun

JSW MG Motor India Defies Supply Chain Hurdles with 6,048 Units Sold in May

nanikaBusiness

JSW MG Motor India announced on Monday that it achieved retail sales of 6,048 units in May 2026. While the automaker did not disclose comparative year-on-year sales figures for May 2025, the latest numbers highlight the company's steady performance in a highly volatile market environment. In an official statement, the company revealed that it is actively navigating complex supply chain challenges through resilient manufacturing strategies. Despite encountering global supply chain disruptions, rising commodity prices, and a sharp escalation in freight tariffs, JSW MG Motor India managed to maintain a stable sales momentum throughout the month. Adding to its positive momentum,…

31 May

North 24 Parganas students secure global ranks in SOF Olympiads

Business BureauBusiness

Students from North 24 Parganas have delivered a strong academic performance in the Science Olympiad Foundation (SOF) examinations for the 2025–26 academic year, highlighting the district’s growing focus on competitive learning and global academic exposure. The SOF Olympiads witnessed participation from millions of students across 72 countries, with over 29,000 students from North 24 Parganas taking part in various examinations conducted by the foundation. Leading the achievements, Ashna Armin and Md Minhaz Uddin Molla of Class 4 from ABN Global Academy secured International Rank 1 in the International Computer Science Olympiad (ICSO). They will receive Gold Medals along with Certificates…

30 May

Market Mayhem: MSCI Rebalancing and Premium Valuations Trigger ₹20,637 Crore Single-Day FII Exodus

anuprovaBusiness

Indian equity markets witnessed severe turbulence on Friday as Foreign Institutional Investors (FIIs) executed a massive single-day sell-off, pulling out a staggering ₹20,637 crore from domestic stocks. This aggressive offloading heavily dragged down benchmark indices, sending the Nifty 50 tumbling by 359 points to close at 23,547. Market analysts pointed out that the primary catalyst behind this historic single-day liquidation was the scheduled semi-annual rebalancing of the MSCI Global Standard Index. The routine indexing shift triggered intense passive fund outflows, particularly impacting high-weight index heavyweights such as HDFC Bank, which experienced heavy institutional supply. Additionally, international investors are actively reallocating…

30 May

Coca-Cola and Google launch AI-powered ‘Halftime Surprise’ for Gen Z consumers

Business BureauBusiness

Coca-Cola India has partnered with Google to launch “Coca-Cola Halftime Surprise”, an AI-powered consumer engagement platform built using Google Gemini, aimed at turning everyday Coke breaks into interactive digital experiences for Gen Z consumers. Launched on May 28, the campaign introduces three AI-led experiences that consumers can access by scanning QR codes on special Coca-Cola packs. Inspired by Coca-Cola’s global “Halftime” philosophy, the initiative combines storytelling, music and artificial intelligence to create personalised content and reward-based engagement. The experience allows users to enter themed digital worlds powered by Gemini’s Canvas feature. Consumers can create comic-strip narratives, music-inspired alter egos and…

30 May

Hero MotoCorp launches Super Splendor XTEC 2.0 with advanced tech and higher fuel efficiency

Business BureauBusiness

Hero MotoCorp on Wednesday launched the all-new Super Splendor XTEC 2.0, an upgraded version of its popular 125cc commuter motorcycle, featuring enhanced technology, improved fuel efficiency and refreshed styling aimed at modern riders. The motorcycle maker said the latest Super Splendor XTEC 2.0 is part of its aggressive product revitalisation strategy and has been designed to offer a better everyday commuting experience. Built on the long-standing Splendor legacy that began in 1994, the motorcycle combines trusted performance with modern-day convenience features. Powered by a 124.7cc single-cylinder engine, the motorcycle delivers 10.7 bhp at 7500 rpm and 10.6 Nm torque at…

30 May

Legal Recourse Opens for Indian Businesses After Google’s $31,600 Trademark Penalty

nanikaBusiness

A landmark ruling by the Delhi High Court against tech giant Google could fundamentally reshape the economics of digital advertising in India. The court ordered Google to pay $31,600 in damages after finding that its AdWords platform infringed on the trademark rights of Hindware, a prominent bathroom fittings manufacturer. The court revealed that Google allowed Hindware’s competitors to bid on the brand's name as a keyword, effectively diverting organic customer traffic to rival businesses. In a scathing observation, the Delhi High Court stated that the current mechanics of Google's AdWords policy clearly demonstrate that the tech giant sells or auctions…

29 May

Hooghly students excel in SOF International Olympiads 2025–26

Business BureauBusiness

Students from Hooghly have delivered an impressive performance in the Science Olympiad Foundation (SOF) International Olympiads 2025–26, bringing recognition to the district through their achievements in global-level academic competitions. The SOF Olympiads this year saw participation from millions of students across 72 countries, including more than 29,000 students from Hooghly. Among the top achievers, Arshabha Samanta of Class 2 from Bikash Bharati Blooms Day School secured Rank 1 in the International Mathematics Olympiad (IMO), while Sourashis Roy of Class 4 from Sarada Vidyapith achieved Rank 1 in the International Computer Science Olympiad (ICSO). Both students will receive Gold Medals and…

29 May

Cummins India reports record FY26 revenue and profit growth

Business BureauBusiness

Pune-based Cummins India Limited on Tuesday reported a strong financial performance for the quarter and financial year ended March 31, 2026, driven by robust domestic demand and steady operational execution. The company’s total sales for FY26 stood at ₹11,950 crore, marking an 18 per cent increase over the previous year. Domestic sales rose 19 per cent to ₹9,961 crore, while export sales increased 12 per cent to ₹1,989 crore. Profit before tax, before exceptional items, climbed 24 per cent to ₹3,104 crore with a margin of 26 per cent. Profit after tax for the year stood at ₹2,330 crore, up…

29 May

Motorola breaks into India’s top five smartphone brands on premium and AI push

Business BureauBusiness

Global smartphone maker Motorola has entered the top five smartphone brands in India in the first quarter of 2026, driven by premium portfolio expansion, AI-led innovation and strategic partnerships, according to the latest IDC Quarterly Mobile Phone Tracker. The company climbed from the ninth position in Q1 2024 to the fifth spot in Q1 2026, marking one of the fastest growth trajectories in the Indian smartphone market over the past two years. Motorola’s market share also rose sharply from 4.6 per cent in Q1 2024 to 8.9 per cent in Q1 2026, compared to 7.5 per cent in Q1 2025.…