Business News Northeast - Latest Business Northeast News & Updates

31 Dec

ICICI Prudential Life launches industry-first women-specific health insurance product

Business BureauBusiness

ICICI Prudential Life Insurance has launched ‘ICICI Pru Wish’, the first health product in the life insurance industry specifically designed for women. ICICI Pru Wish instantly pays out up to 100% of the health cover amount on diagnosis of critical illnesses like breast, cervical, uterine cancers and heart ailments to name a few. Importantly, the premium amount remains constant for a period of 30 years, enabling customers to plan their funds outflow in a better manner. Another notable feature of this product is the premium holiday i.e. the customer has the option to not pay premiums for a period of…

30 Dec

Vodafone Idea shares flourish over 5% as government waives bank guarantees for previous spectrum auctions

Business CorrespondentBusiness, News

Vodafone Idea shares surged over 5 per cent on December 30 as government waives bank guarantees for previous spectrum auctions. At 11:10 am on December 30, Vodafone Idea shares were trading at Rs 7.88. The telecom firm has been exempted from providing bank guarantees of Rs 24,800 crore for spectrum auctions held before 2021 (2012, 2014, 2015, 2016). In a filing dated December 28, the company termed the government reform as a "major relief for telcos". The company said that prior to this reform, the company was required to provide bank guarantees totalling Rs 24,800 crore for each spectrum instalment…

28 Dec

Boney Kapoor’s hair restoration journey highlights the growing appeal of Eugenix

Business BureauBusiness

Eugenix Hair Sciences, India’s premier hair restoration clinic, has hosted an exclusive event that brought together Bollywood stalwart Boney Kapoor, Dr. Pradeep Sethi, and Dr. Arika Bansal. This glittering occasion celebrated the transformative power of advanced hair restoration techniques, with Boney Kapoor sharing his remarkable hair transplant journey. In an intimate and captivating session, Boney Kapoor opened up about his experience with Eugenix, saying, “Self-care and confidence are invaluable. This hair transplant has rejuvenated my appearance and revitalized my spirit.” His inspiring words resonated deeply with the audience, highlighting the profound impact of hair restoration. Dr. Arika Bansal, co-founder of…

28 Dec

Jersey Electricity reports 8.5% revenue gain in 2024

Business CorrespondentBusiness, News

JERSEY - Jersey Electricity plc has announced its financial results for the year ended September 30, 2024, reporting an 8.5% increase in revenue to £135.7 million. The company, which has been a major player in the island's energy sector for a century, recorded a profit before tax of £15.1 million, a slight improvement on the previous year's £14.9 million. The Board recommended a final dividend of 12.00p per share for the year, an increase of 5.3% from the 2023 dividend. This, combined with the interim dividend, brings the total dividend for the year to 19.80p per share. The final dividend…

28 Dec

Multicap Momentum Quality Index Fund launches by Tata AIA

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has introduced Tata AIA Multicap Momentum Quality Index Fund. This new fund offer is designed to generate long-term capital appreciation by investing in a portfolio of stocks that replicate the Nifty 500 Multicap Momentum Quality 50 Index. The New Fund Offer (NFO) window will be open from 24th December 2024 and close on 31st December 2024. Commenting on the launch, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA, said, "As India's economy continues on its growth trajectory, the equity markets present a compelling…

27 Dec

Aluminium futures prices upsurge due to fresh deals

Business CorrespondentBusiness, News

New Delhi, December 27: Aluminium prices rose by 25 paise to Rs 241.65 per kg in the futures market on Friday due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for January delivery rose by 25 paise or 0.1 per cent to Rs 241.65 per kg in Multi Commodity Exchange in which 3,245 lots were traded. Analysts said that fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

26 Dec

Godrej Agrovet’s winter strategy aims to boost fish farming productivity amid seasonal challenges

Business BureauBusiness

In a bid to support fish farmers during the challenging winter months, Godrej Agrovet Limited has introduced a comprehensive strategy to address the seasonal downturn in aquaculture productivity. As temperatures drop, fish experience slower digestion and reduced nutrient absorption, leading to lower growth rates and increased stress on farmers' operations. Godrej Agrovet’s strategy is built around a combination of scientific feeding practices, digital tools, and community-driven support. Dhrubajyoti Bannerjee, CEO of the Aquafeed Business at Godrej Agrovet, emphasized the potential of the initiative, saying, “By leveraging digital platforms and community-driven initiatives, we’re creating a comprehensive ecosystem that empowers farmers to…

23 Dec

Smartphone exports cross Rs 1.70 lakh crore, gain 31%

Business CorrespondentBusiness, News

India's smartphone exports are set to cross Rs 1.70 lakh crore in the current fiscal - up 31% from Rs 1.29 lakh crore in FY24. Nearly 70% of shipments are of iPhones. Products from Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports make up the remaining 30%. According to industry sources, smartphone exports reached Rs 1.10 lakh crore in the April-November period, up 45% from the export figure of Rs 76,221 crore in the same period in FY24. In November, monthly exports were Rs 20,000 crore, the highest ever. Apple's iPhone vendor Foxconn,…

21 Dec

Onion prices decline by 50% in a week

Business CorrespondentBusiness, News

NAVI MUMBAI: Onion prices, which have become a burden on consumers' pockets, have fallen sharply by about 50% in the last week. This is due to the arrival of new crop and the imposition of duty on export. Vegetable traders said that as more fresh stock reaches the market, prices will fall further. Wholesale prices at the Vashi APMC (Agricultural Produce Market Committee) market, which supplies the Mumbai Metropolitan Region, have come down from ₹45-50 per kg last week to ₹20-25 per kg on Friday. Traders said that prices in the retail market have come down from ₹80-90 per kg…

20 Dec

BASF India shares gain over 5% after board approves split of agriculture solutions business

Business CorrespondentBusiness, News

BASF India shares rose over 5% in early trade on December 20 after the board approved splitting its agriculture solutions business into a separate listed entity. The move is in line with German parent BASF SE's decision to separate the agriculture solutions business by 2027. The Indian entity said BASF SE is also preparing for a potential initial public offering (IPO) of its global agriculture solutions business, and is also evaluating the option of listing a 'minority share' in the mid-term. BASF India said it will assess the implications of the new strategy for its India business. The BASF India…