Business News Northeast - Latest Business Northeast News & Updates

01 Apr

Bajaj Auto shares inflation 2%, KTM stake hiked by ₹461.6 crore investment

Business CorrespondentBusiness, News

Bajaj Auto shares have rallied over 2%, hitting an intraday high of ₹8,039.65, as the market took note of the company's investment in Pierer Bajaj AG (PBAG), the parent company of Austrian motorcycle company KTM. Overall, the launch reflects Bajaj Auto's desire to strengthen its position in the premium motorcycle market. Strategic Investment DetailsBajaj Auto International Holdings BV (BAIH BV), the 100% owned arm of Bajaj Auto, has become an investor in PBAG through a convertible bond of 50 million euros (about ₹461.6 crore). The 500 bonds subscribed by Bajaj Auto International Holdings BV (BAIH BV), each with a nominal…

31 Mar

Gold prices upsurge record highs

Business CorrespondentBusiness, News

Gold prices hit a new all-time high in Vietnam on Monday morning, as global rates also peaked.The price of a gold bar from Saigon Jewellery Company rose 0.8% to VND101.5 million (US$3,968.72) per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.The price of a gold ring rose 1.2% to VND101.6 million per tael, also a historic peak.Globally, gold hit an all-time high on Monday, surpassing the $3,100 mark, as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would spark a global trade war and economic downturn, Reuters reported.Spot gold rose…

29 Mar

Nissan expands India portfolio with new 7-seater B-MPV and 5-seater C-SUV

Business BureauBusiness

Nissan Motor India has announced the addition of an all-new 7-seater B-MPV to its expanding product portfolio, further solidifying its presence in high-growth segments. This new model will launch in FY25, followed by a 5-seater C-SUV in early FY26. The announcement was made at Nissan’s Global Product Showcase Event in Yokohama, Japan. The 7-seater B-MPV will feature a bold C-shaped grille and muscular SUV-inspired design, aligning with Nissan’s distinct design philosophy. Meanwhile, the new 5-seater C-SUV draws inspiration from the iconic Nissan Patrol, offering advanced technology and rugged reliability tailored for Indian road conditions. These additions will complement Nissan’s existing…

29 Mar

Mandi prices of pulses and oilseeds downgrade below MSP

Business CorrespondentBusiness, News

Mandi prices of pulses and oilseeds fell below MSP, forcing the government to increase procurement. Prices of tur, chana and mustard declined due to favourable crop prospects and imports.Mandi prices of most varieties of pulses and oilseeds are trading below the respective minimum support price (MSP), forcing the government to increase procurement of these commodities at the respective minimum support price (MSP).According to trade sources, market prices have declined due to encouraging crop prospects and liberal imports.Mandi prices of tur in Latur (Maharashtra) on Friday were in the range of Rs 6800 per quintal to Rs 7400 per quintal as…

28 Mar

UltraTech Cement shares jump as it launches multiple brownfield expansions

Business CorrespondentBusiness, News

UltraTech Cement shares rose marginally to Rs 11,639 per share on March 27. The company announced the successful launch of multiple brownfield expansions across India, further adding to its production capacity. In the past month, the stock of this cement giant has jumped 14 percent, significantly outperforming the benchmark Nifty 50 index, which registered a gain of 6 percent during the same period. UltraTech Cement has started operations at its Maihar facility in Madhya Pradesh with one of the two planned cement mills (2.7 MTPA) having a clinker capacity of 3.35 million tonnes per annum (MTPA). The second grinding mill…

28 Mar

Bandhan Bank partners with Indian Air Force for Shaurya Salary Account

Business BureauBusiness

Bandhan Bank has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide the Shaurya Salary Account, a corporate salary account tailored for defence personnel. The account offers benefits such as a zero-balance requirement, protection for IAF personnel and their families, and attractive interest rates. The agreement was signed by Air Vice Marshal Updesh Sharma VSM, Assistant Chief of the Air Staff (Accounts & Air Veterans), and Debraj Saha, Head – Government Business Group, Bandhan Bank, in the presence of other senior officials from both organizations. This initiative complements Bandhan Bank’s role as a SPARSH Service…

27 Mar

ASCI report calls for more inclusive depictions of masculinity in media

Business BureauBusiness

The Advertising Standards Council of India’s (ASCI) Academy, in collaboration with the Unstereotype Alliance (convened by UN Women) and knowledge partners Religious Brands, has released a groundbreaking report, Manifest: Masculinities Beyond the Mask. The report, unveiled at ASCI Academy’s Global Adda during the ICAS Global Dialogues Summit, examines the evolving landscape of masculinity in media and society. The study highlights the "crisis" of traditional masculinity, where men feel increasingly alienated amid shifting societal norms and the rise of gender equality. It calls for a broader and more nuanced representation of men in media and advertising, moving beyond rigid stereotypes. The…

27 Mar

Natraj Pipes expands production amid rising infrastructure demand, signs Sourav Ganguly as brand ambassador

Business BureauBusiness

Natraj Pipes, a leading provider of PE and uPVC piping solutions under Prabhu Poly Pipes Limited, has announced cricketing legend Sourav Ganguly as its brand ambassador. The collaboration was unveiled at an exclusive press conference at Taj Bengal, Kolkata, on the occasion of World Water Day, emphasizing the company's commitment to sustainability and infrastructure development. With India's rapid urbanization and government-driven initiatives shaping a "Viksit Bharat," the need for high-quality piping solutions has become more critical. Natraj Pipes, known for its advanced technology and stringent quality standards, aims to provide safe, lead-free, and durable piping systems for water, sewerage, and…

27 Mar

HAL shares inflation 3% as GE Aerospace delivers first engine for Tejas Mk 1A

Business CorrespondentBusiness, News

Hindustan Aeronautics (HAL) shares jumped over 3 percent on March 26 after GE Aerospace announced that it has delivered the first of 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A fighter jet. HAL shares were trading at Rs 4,152 per share at noon. Speaking about the latest development, GE Aerospace said, "This is an important milestone in our 40-year relationship with HAL and our efforts to ensure a strong future for India's military by developing next-generation fighter aircraft while enhancing the country's defence manufacturing capabilities.GE Aerospace has a strong history of military jet propulsion collaborations in India."…

26 Mar

Johnson’s Baby unveils new campaign with Anil & Sonam Kapoor, highlights science of baby eyes

Business BureauBusiness

Johnson’s Baby has launched its latest digital campaign featuring Bollywood’s iconic father-daughter duo, Anil and Sonam Kapoor, spotlighting the science behind baby eye care. The campaign emphasizes how babies blink less frequently than adults, making their eyes more vulnerable to external irritants, reinforcing the need for gentle skincare solutions. Conceptualized by DDB Mudra, the campaign’s ad film playfully illustrates this difference through a staring contest between Anil Kapoor and a baby, ultimately highlighting the necessity of using mild, tear-free products. Johnson’s Baby, a pioneer in baby skincare, introduced the revolutionary No More Tears® formula in its baby shampoo, ensuring irritation-free…