Business News Northeast - Latest Business Northeast News & Updates

13 Aug

Paytm Shares Rally 6% As RBI Grants In-Principle Approval To Subsidiary For Online Payment Aggregation

Purbalee DuttaBusiness

Shares of One97 Communications, the parent company of Paytm, jumped up to 6% to ₹1,186 on Wednesday, August 13, after the Reserve Bank of India (RBI) granted in-principle approval to its subsidiary, Paytm Payments Services Ltd (PPSL), to operate as an online payment aggregator. This allows PPSL to resume onboarding merchants, a process halted since November 2022 due to regulatory restrictions. However, the RBI has asked the company to conduct a thorough system and cybersecurity audit, with the report due within six months. If the company fails to submit the audit, the provisional approval will be withdrawn. Initially, Paytm had…

12 Aug

Fashion Factory Announces “No Conditions Sale” – 50% Off on Top Brands + Free Gifts!

Business BureauBusiness

Get ready, fashion lovers! Fashion Factory, Reliance Retail’s newest fashion discount destination, is bringing you the No Conditions Sale – a shopping event where deals you can’t resist. From 14th to 17th August 2025,enjoy Flat 50% OFF on all your favorite national and international fashion brands – plus a free gift on apparel shopping worth ₹2,499 and above. From Levi’s, Pepe, Park Avenue, Raymond, ColorPlus, Parx, Turtle, Twills, Huur, Lee Cooper, Indibee, John Players, Netplay, Peter England, Killer, Pine Club, Saddle & Mallet and more–every brand you love is part of this mega sale. Whether it’s classic formals, smart casuals,…

12 Aug

Cottonseed oil futures prices downfall: lack of demand

Business CorrespondentBusiness, News

New Delhi: Cottonseed oil cake prices fell by Rs 29 to Rs 3,346 per quintal in futures trade on Monday as traders reduced their positions following a weak trend in the spot market. At the NCDEX, cottonseed oil cake contracts for September delivery fell by Rs 29, or 0.87 percent, to Rs 3,346 per quintal in a business turnover of 21,640 lots. Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

11 Aug

JM Financial Q1 profit raise 166% to Rs 454 crore

Business CorrespondentBusiness, News

New Delhi, JM Financial on Monday reported a 166 percent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income during the June quarter of 2025-26 rose to Rs 1,121 crore from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore as compared to Rs 849 crore in the April-June quarter of FY25. Networth crossed Rs 10,000 crore during the quarter. Vishal Kampani, Vice Chairman and…

11 Aug

TATA AIA Life empowers Mizoram’s students with digital classrooms, boosts insurance awareness across state

Business BureauBusiness

TATA AIA Life Insurance has launched a comprehensive CSR initiative introducing smart classrooms in eight government schools across Aizawl. The three-year project (2024–2026) aims to impact 1,436 students with digital tools, enhanced infrastructure, and localized e-learning content created in collaboration with Teachmint Edutech. According to the ASER 2024 report, only 10.6% of schools in Mizoram have computer facilities. Addressing this gap, Tata AIA’s initiative includes teacher training workshops, interactive content in core subjects, and hardware support such as projectors and connectivity devices. “Our role in Mizoram goes beyond insurance. We’re committed to uplifting communities through digital and educational empowerment,” said…

09 Aug

Medanta Achieves Highest Ever Quarterly Total Income and EBITDA in Q1 FY2026

Business BureauBusiness

Global Health Limited (Medanta), one of the largest private multi-specialty tertiary care providers in North and East India, posted its highest-ever quarterly performance for Q1 FY26, with total income rising 19.1% year-on-year to ₹10,513 million. EBITDA grew 22.6% to ₹2,553 million, while Profit After Tax surged 49.6% to ₹1,590 million. The growth was driven by a 13.3% rise in occupied bed days, improved ARPOB of ₹66,584, and strong performances from both mature and developing hospitals. International patient revenue jumped 33.8% to ₹636 million. OPD pharmacy revenues also saw a 21.6% increase. CEO Pankaj Sahni credited the robust results to higher…

08 Aug

Ramco Cements Q1 profit upgrade to Rs 181.58 crore

Business CorrespondentBusiness, News

New Delhi, Ramco Cements Ltd has reported a consolidated net profit of Rs 181.58 crore in the June quarter of FY26, driven by improved cement prices and operational efficiency. According to a regulatory filing released by Ramco Cements on Thursday, the company had posted a net profit of Rs 36.57 crore in the June quarter of the previous fiscal. Its revenue from operations declined marginally to Rs 2,074 crore in the June quarter of FY26 from Rs 2,093.55 crore in the corresponding period of the previous fiscal. "During Q1 FY26, cement sales stood at 40 lakh tonnes as against 42.9…

08 Aug

Akasa Air marks 3-year milestone with 19 million flyers, eyes global expansion

Business BureauBusiness

Akasa Air, India’s fastest-growing airline, celebrated its third anniversary by achieving a remarkable milestone of flying over 19 million passengers, with 8 million carried in the past 12 months alone. Launched on August 7, 2022, with a Mumbai-Ahmedabad flight, Akasa has now expanded its network to 28 cities including five international destinations, backed by a fleet of 30 Boeing 737 MAX aircraft. Founder and CEO Vinay Dube emphasized Akasa’s commitment to becoming a “generational institution in global aviation,” with a focus on safety, people-first policies, and innovation. The airline boasts a 49% revenue jump in FY25, industry-leading load factors over…

08 Aug

TRAI evaluates mobile network quality in Arunachal and Nagaland; Itanagar sees strong 5G performance

Business BureauBusiness

The Telecom Regulatory Authority of India (TRAI) has released findings from its Independent Drive Test (IDT) conducted across key locations in Arunachal Pradesh and Nagaland, including Itanagar, Naharlagun, Dimapur, Kohima, and the strategic Itanagar–Bumla Pass (Tawang) highway. The test, carried out from June 2 to 23, assessed real-time voice and data performance across urban, rural, and highway settings, covering 270.3 km of city roads, 526.6 km of highways, and 28 hotspot zones. Key telecom players—Airtel, BSNL, RJIL, and VIL—were assessed across technologies from 2G to 5G. Airtel and RJIL led in Call Setup Success Rates (90.11% and 89.73% respectively), while…

08 Aug

Kameng Kings launch jersey and logo spotlighting Rising Cricket Star TNR Mohit ahead of Arunachal T20 Championship

editorBusiness

In a spirited event that blended culture, ambition, and cricketing fervor, the Kameng Kings officially unveiled their jersey and logo ahead of their debut in the Techi Tagar Arunachal T20 Championship. The evening was marked by an electrifying sense of pride as the team introduced their icon — TNR Mohit — a young spin sensation who has emerged as a beacon of Arunachal Pradesh’s cricketing future. The Kameng Kings, representing the resilient Kameng region, are set to compete in the state’s premier cricket tournament, which will feature eight competitive teams and is being hosted entirely in Guwahati. The launch event…