Business News Northeast - Latest Business Northeast News & Updates

29 Jun

HDFC Bank Shares Rise as Brokerages Turn Positive Following Governance Review

anuprovaBusiness

HDFC Bank shares traded higher after leading global brokerages reaffirmed their positive outlook on the private sector lender, citing an independent legal review that eased investor concerns over corporate governance. The review found no evidence supporting allegations raised by former chairman Atanu Chakraborty, a development that analysts believe removes a significant overhang on the stock and strengthens confidence in the bank’s leadership and governance framework. Following the findings, brokerages maintained their ‘Buy’ recommendations and projected meaningful upside, highlighting HDFC Bank’s strong fundamentals, healthy capital position, and consistent earnings potential. Investors welcomed the clarification, pushing the stock higher as expectations grew…

29 Jun

Kolkata Metro expands technology footprint with ABB solutions to boost efficiency and reliability

Business BureauBusiness

Kolkata Metro has strengthened its long-standing partnership with ABB, deploying advanced electrification and motion-control technologies across its expanding transit network to enhance operational efficiency, reliability and passenger safety. The collaboration, which spans more than 25 years, has supported the modernization of India’s first metro railway system. Today, the 72-km Kolkata Metro network operates over 300 train services daily and caters to more than half a million passengers, making it a critical component of the city’s urban transportation infrastructure. ABB has supplied a range of electrification solutions, including low- and medium-voltage gas-insulated switchgear, distribution boards, lightning protection systems and variable frequency…

29 Jun

Tata Motors bags over 3,400 electric commercial vehicle orders

Business BureauBusiness

Tata Motors has secured more than 3,400 orders for electric commercial vehicles (eCVs) across freight, logistics and passenger mobility segments, reinforcing its leadership position in India's rapidly expanding electric mobility market. The orders include around 2,000 small commercial vehicles (SCVs) and pick-ups, nearly 900 trucks and about 500 buses. The vehicles are set to be deployed across a wide range of sectors including e-commerce, logistics, FMCG, FMCD distribution, intra-city mobility, cement, steel, mining, tarmac operations, and inter- and intra-city passenger transportation. The development reflects growing confidence among fleet operators and businesses in the operational viability of electric commercial vehicles and…

29 Jun

Tata Motors to raise commercial vehicle prices by up to 2.5% from July

Business BureauBusiness

Tata Motors has announced a price increase of up to 2.5 per cent across its commercial vehicle portfolio, effective from July 1, 2026, citing rising commodity prices and higher input costs.The company said the price revision is aimed at partially offsetting the impact of increased production expenses. According to Tata Motors, the extent of the hike will vary depending on the model and variant across its commercial vehicle range.The announcement comes at a time when automobile manufacturers are facing sustained pressure from fluctuations in raw material prices and escalating operational costs. Industry observers believe the move reflects broader trends in…

27 Jun

Insurance cover helps Asansol family reduce home loan burden after borrower’s death

Business BureauBusiness

A home loan protection insurance policy helped an Asansol family significantly reduce its outstanding housing loan liability following the death of the borrower, underscoring the role of credit life insurance in financial planning.Kesab Mukherjee, a resident of Jamuria in West Bengal's Asansol region, had availed a home loan from Bank of India’s Asansol branch and opted for Star Union Dai-ichi Life Insurance’s (SUD Life) New Sampoorna Loan Suraksha policy. Following his death due to natural causes on January 25, 2026, the insurer processed and settled an eligible claim of ₹16.14 lakh within 10 days of claim intimation.According to the insurer,…

27 Jun

HCLFoundation invites applications for Edition XII of HCLTech Grant

Business BureauBusiness

HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, announced Edition XII of HCLTech Grant to provide a platform to non-profits in India to create sustainable, community-led change across rural India. A total of ₹24 crore will be provided to NGOs, selected by an esteemed jury, for transformative projects in sustainable rural development across the themes of water, biodiversity, health and education. Four winning NGOs from each category will receive ₹5 crore each, while eight other NGOs will receive ₹50 lakh each for their proposed projects. The last date for submitting applications on www.hclfoundation.org/hcltech-grant…

27 Jun

Persistent Bets on Europe Expansion with Nagarro Acquisition

nanikaBusiness

Persistent Systems has announced that it will acquire German digital engineering company Nagarro in an all-cash deal valued at approximately €81 per share, marking one of its largest acquisitions to date. The transaction values Nagarro at roughly €1 billion and is expected to significantly strengthen Persistent’s presence across Europe. The offer represents a 140 per cent premium over Nagarro’s closing price on June 25 on the Frankfurt Stock Exchange and about a 94 per cent premium to its three-month volume-weighted average price. Persistent has also secured support from Nagarro’s largest shareholder, Lantano Beteiligungen GmbH, which has agreed to tender its…

27 Jun

Piyush Goyal Criticises Fitch, Moody’s and S&P, Says Global Rating Agencies Have Undervalued India

anuprovaBusiness

Union Commerce and Industry Minister Piyush Goyal has criticised global credit rating agencies Fitch Ratings, Moody’s Ratings, and S&P Global Ratings, alleging that they have not assessed India's economic fundamentals fairly despite the country's strong growth trajectory and improving macroeconomic indicators. Speaking at a public forum, Goyal argued that India has consistently demonstrated resilience through robust economic expansion, prudent fiscal management, and sustained reforms, yet its sovereign credit ratings have not reflected these achievements. He suggested that the methodologies adopted by the agencies continue to underestimate India's long-term economic potential and structural strengths. The minister highlighted India's expanding infrastructure investments,…

26 Jun

Coca-Cola bets on creator economy with FIFA World Cup watch-along platform

Business BureauBusiness

Coca-Cola has unveiled “Matchday Hangout”, a creator-led live football watch-along experience aimed at capitalising on India’s growing football fandom and expanding digital engagement during the FIFA World Cup season. The initiative marks the beverage giant’s latest effort to blend sports marketing, creator-led content and quick-commerce partnerships to strengthen consumer interaction. The programme, produced and hosted by RevSportz, will feature 12 national live streams where football fans can watch matches, react in real time and participate in discussions alongside creators Rohan Joshi, SakshiShivdasani and KaashviHiranandani. Select matchdays will also feature ZervaanBunshah, Varun Thakur and footballer DalimaChhibber. Karthik Subramanian, Senior Director, Marketing,…

26 Jun

Turkish Airlines posts record May traffic with 7.9 million passengers

Business BureauBusiness

Turkish Airlines reported a strong performance in May 2026, carrying 7.9 million passengers and achieving the highest May traffic figures in its history, supported by growth in passenger capacity and cargo operations. The airline said its available seat kilometers (ASK), a key measure of passenger carrying capacity, rose 2.5 per cent year-on-year to 23.2 billion in May from 22.6 billion in the corresponding month of 2025. The overall load factor stood at 84.0 per cent, with international flights recording a load factor of 84.0 per cent and domestic services 84.4 per cent. Cargo and mail operations also registered growth during…