Business News Northeast - Latest Business Northeast News & Updates

25 Jul

Coriander futures prices increase on higher demand

Business CorrespondentBusiness, News

New Delhi: Coriander prices rose by Rs 30 to Rs 7,670 per quintal in futures trade on Friday as speculators raised their bets in anticipation of a firm trend in the spot market. At the NCDEX, coriander contracts for August delivery rose by Rs 30, or 0.39 percent, to Rs 7,670 per quintal in a business turnover of 14,710 lots. Market analysts said coriander prices rose on a firm trend in the spot market and restricted supplies from producing regions.

25 Jul

Ujjivan SFB Q1 net rises 24% QoQ to Rs 103 cr; secured loan share jumps to 46%

Business BureauBusiness

Ujjivan Small Finance Bank reported a net profit of ₹103 crore for Q1FY26, marking a 24% quarter-on-quarter rise, driven by strong secured loan growth and stable asset quality. The bank’s gross loan book stood at ₹33,287 crore, up 11% year-on-year, with secured loans growing 63% YoY to ₹15,162 crore—constituting 46% of the total book. Total disbursements for the quarter reached ₹6,539 crore, up 24% YoY, while deposits grew to ₹38,619 crore, reflecting a 19% annual growth. CASA deposits rose 13% YoY to ₹9,381 crore. The bank's RoA and RoE improved to 0.8% and 6.7% respectively. Collection efficiency remained high at…

24 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose marginally to Rs 1,00,330 per 10 grams in futures trade on Wednesday as speculators created new deals due to strong spot demand. Gold contracts for August delivery rose by Rs 1 to Rs 1,00,330 per 10 grams on the Multi Commodity Exchange, with 16,073 lots traded. Analysts said gold prices rose as participants created new deals. Globally, gold futures in New York fell 0.11 percent to $3,427.74 an ounce.

24 Jul

For the West Bengal market, ITC Mangaldeep introduces new variants of Anushri

Business BureauBusiness

ITC Mangaldeep, one of India’s leading incense brands, has unveiled refreshed and new variants of its popular Anushri agarbatti line, specifically tailored for the West Bengal market. The launch event, held in Kolkata, brought together over 100 key trade partners, underscoring the brand’s growing reach and strong regional partnerships. The revamped Anushri Yellow pack now features a new fragrance, while two new variants—Lily Blossom and Deluxe—have been introduced to cater to evolving consumer preferences. To enhance value, ITC Mangaldeep has added 20% extra sticks per pack, offering 60 sticks to meet monthly devotional needs. “Anushri has been a cornerstone of…

23 Jul

Crude oil prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Crude oil prices rose by Rs 21 to Rs 5,667 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 21 or 0.37 percent to Rs 5,667 per barrel in a business of 11,595 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.26 percent higher at $65.48 per barrel in New York, while Brent crude rose 0.25 percent…

23 Jul

Royal Stag Barrel Select unveils bold new look, eyes premium segment growth

Business BureauBusiness

Pernod Ricard India has unveiled a striking new identity for its premium offering, Royal Stag Barrel Select, featuring a taller, sleeker bottle and a clear-on-clear label—an industry-first. This upgraded design underscores the brand’s dedication to discernment and craftsmanship, reinforcing its core philosophy, “Crafted for the Select Few.” The refreshed packaging also highlights the Triple Select Promise, a blend of select Indian grain spirits, select Scotch malts, and maturation in select American oak barrels. The result, endorsed by Master Blender Kevin Balmforth, is a refined expression meant for consumers who value authenticity and superior taste. Kartik Mohindra, Chief Marketing Officer at…

23 Jul

Chupa Chups launches an all-new campaign ‘Samajh Ke Bahar’

Business BureauBusiness

Chupa Chups, the iconic confectionery brand from Perfetti Van Melle India, has launched a quirky new campaign titled “Samajh Ke Bahar Hai”, celebrating the unpredictable fusion of sweet and sour flavours. Anchored by a lighthearted TVC, the campaign captures how the brand’s Sweet & Sour Belts can transform even mundane moments—like a friendly game of carrom—into a hilarious whirlwind of chaotic fun. The TVC shows a group of friends enjoying carrom, only to be thrown into a surreal spiral of rule-breaking amusement once they taste the jellies. It mirrors the core campaign message: “Samajh Ke Bahar Hai, Jaise Chupa Chups…

22 Jul

Zinc futures prices increase on strong demand

Business CorrespondentBusiness, News

New Delhi, Zinc prices rose by 15 paise to Rs 267.50 per kg in futures trade on Tuesday amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose 15 paise or 0.06 per cent to Rs 267.50 per kg in a business turnover of 2,579 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a pick-up in demand from consumer industries, market sources said.

21 Jul

LIC grow stake in State Bank of India to 9.49%

Business CorrespondentBusiness, News

Life Insurance Corporation of India (LIC) on Monday, July 21, said that the company has raised its stake in State Bank of India through a qualified institutional placement (QIP). The insurance giant has raised its stake to 9.49% from 9.21% earlier. LIC said in a regulatory filing on Monday, "...You are hereby informed that Life Insurance Corporation of India ("Corporation") has increased its shareholding in the equity shares of State Bank of India ("SBI") from 81,465,986.9 to 87,585,938.0 i.e. from 9.21% to 9.49% of the paid-up capital of SBI." On Monday, LIC shares closed marginally higher by 0.63% at ₹928.95…

21 Jul

Bandhan Bank reports 11% growth in total business, deposits surge to Rs 1.55 lakh crore

Business BureauBusiness

Bandhan Bank reported an 11% year-on-year growth in total business, reaching ₹2.88 lakh crore for Q1 FY26. The bank's deposit base rose by 16% to ₹1.55 lakh crore, with retail deposits accounting for nearly 68%. Advances stood at ₹1.34 lakh crore, marking a 6% growth from last year. Net profit for the quarter touched ₹372 crore. The bank’s strong performance was supported by an expanded distribution network and enhanced operational efficiency. Its CASA ratio stands at 27.1%, while the Capital Adequacy Ratio remains healthy at 19.4%, well above regulatory norms. MD & CEO Partha Pratim Sengupta said, “While the operating…