Business News Northeast - Latest Business Northeast News & Updates

28 Feb

Perfetti Van Melle expands jelly portfolio with Alpenliebe Juzt Jelly ‘Jungle Land’ and ‘Fruity Salad’

Business BureauBusiness

Perfetti Van Melle India has introduced Alpenliebe Juzt Jelly Jungle Land and Fruity Salad, expanding its jelly portfolio with new interactive shapes. Priced at ₹10 per pack, these jellies feature monkey, banana, pineapple, strawberry, orange, and green apple shapes, blending taste with a playful experience. Infused with real fruit juice, the jellies offer a dual-layer texture—jelly with a soft foamy layer—enhancing sensory engagement. The product aims to tap into the growing demand for innovative and interactive confectionery options. “Consumers seek new experiences, and these unique shapes transform snacking into playtime,” said Gunjan Khetan, Marketing Director, Perfetti Van Melle India. Since…

28 Feb

Piyush Goyal calls for unified electrical expo to strengthen India’s global leadership

Business BureauBusiness

Union Commerce & Industry Minister Piyush Goyal has called on India’s electrical industry to establish a unified world-class exposition, consolidating major industry-led exhibitions into a single platform. Speaking at ELECRAMA 2025, he emphasized that a large-scale expo would position India as a global hub for electrical and energy solutions, attracting top investors and boosting exports. “Instead of fragmented events, we need one mega-exhibition with 1,500+ exhibitors and 100,000+ visitors, showcasing India’s expertise in power infrastructure, automation, and smart grids to the world,” Goyal stated. The event also saw Vimal Anand, Joint Secretary, Ministry of Commerce & Industry, highlight India’s accelerated…

28 Feb

Sanofi India Q4 revenue, EBITDA inflation; ₹117 final dividend recommended

Business CorrespondentBusiness, News

Sanofi India Limited (SIL) reported steady growth in Q4 2024, with revenue growing 9.7% year-on-year (YoY) to ₹514.9 crore, compared to ₹469.2 crore in the same quarter last year. EBITDA grew 18.8% year-on-year to ₹118.3 crore, from ₹99.6 crore. Operating margins also improved to 23%, compared to 21.2% in Q4 2023. However, the company's net profit declined 33.7% to ₹91.3 crore, from ₹137.7 crore a year ago. On the bright side, the board has recommended a final dividend of ₹117 per equity share of ₹10 face value, subject to shareholders' approval at the forthcoming Annual General Meeting. Sanofi India's recent…

27 Feb

Bajaj Allianz Life, ICICI Lombard boost insurance awareness in Tripura

Business BureauBusiness

Bajaj Allianz Life Insurance and ICICI Lombard General Insurance are intensifying efforts to expand insurance awareness in Tripura under the State Insurance Plan. The recently concluded fourth State Level Insurance Committee (SLIC) meeting reaffirmed their commitment to bridging the insurance gap and promoting financial security in the state. The SLIC meeting, attended by key officials including Tripura Finance Secretary Apurva Roy and Director (Institutional Finance) Rakhi Biswas, reviewed the progress of various insurance awareness initiatives. The committee plays a crucial role in implementing IRDAI’s ‘Insurance for All by 2047’ vision, ensuring that both urban and rural populations in Tripura benefit…

27 Feb

Tata AIA strengthens financial awareness as Mizoram celebrates 38th Statehood Day

Business BureauBusiness

As Mizoram marks 38 years of statehood, Tata AIA Life Insurance has reaffirmed its commitment to enhancing financial inclusion in the state. Despite Mizoram’s high literacy rate of 92% and a strong economic growth of 10.14% in FY 2022-23, insurance penetration remains low, with only 64,142 policies sold in FY23, generating an annualized premium of ₹269.15 crore. Recognizing this gap, Tata AIA, Mizoram’s designated Lead Insurer, has launched a series of financial awareness initiatives aligned with IRDAI’s vision of “Insurance for All by 2047.” Over the last two years, Tata AIA has reached over 8 lakh people in the state…

27 Feb

Zomato shares will rose 39% as it builds on accelerated commerce leadership, says Bernstein

Business CorrespondentBusiness, News

Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected a 39.2% upside on the stock from its previous close price. The brokerage has given Zomato an "outperform" rating and a price target of ₹310 per share, slightly higher than its recent peak of ₹304, thereby marking a 27% downside to Monday's close price. Bernstein said the competitive intensity of instant commerce has been a major point of debate given the ongoing land grab and marketing dollars in Zomato and its peers Swiggy and Zepto. However, unlike the pre-IPO mode, the brokerage believes the…

25 Feb

Bharti Airtel shares rose 3% after 6-day decline on 5G partnership with Ericsson

Business CorrespondentBusiness, News

Bharti Airtel shares jumped nearly 3% on the NSE during intraday trade on February 25 to hit ₹1,649.15, snapping a six-day losing streak. The rally came after the telecom giant announced a partnership with Ericsson to deploy 5G core solutions that support its transition to a full-scale 5G standalone (SA) network over time.In an exchange filing, Airtel said, "This collaboration will enable Airtel to seamlessly transition to a commercially live, full-scale 5G standalone network, delivering high-end 5G capabilities to customers."The deal will see Ericsson deploy its signalling controller solutions as well as 5G standalone-enabled charging and policy solutions within Airtel's…

25 Feb

ELECRAMA 2025 kicks off, showcases India’s power sector innovations

Business BureauBusiness

ELECRAMA 2025, the world’s largest electrical exhibition, commenced on an ambitious note at the India Expo Mart, Greater Noida, highlighting India’s growing leadership in the global energy transition. The 16th edition of the event, organized by the Indian Electrical & Electronics Manufacturers’ Association (IEEMA), was inaugurated by Union Power Minister Shri Manohar Lal Khattar, emphasizing the government’s commitment to modernizing India’s energy infrastructure and achieving sustainable growth. With a focus on India’s vision for Viksit Bharat 2047 and its rapid strides in renewable energy, the event witnessed participation from global industry leaders, including CEOs Oliver Blum of Schneider Electric and…

25 Feb

Sajjan Jindal wins ‘Business Leader of the Decade’ for transforming JSW Group

Business BureauBusiness

Sajjan Jindal, Chairman of JSW Group, has been honored with the prestigious ‘Business Leader of the Decade’ award at the 15th AIMA Managing India Awards, recognizing his journey in shaping JSW into a global powerhouse. The award was presented in the presence of Union Minister of Education Dharmendra Pradhan and Minister of State for Commerce and Industry Jitin Prasada. Yezdi Nagporewalla, CEO of KPMG India, delivered the citation, applauding Jindal’s vision that has propelled JSW’s growth. Under Jindal’s leadership, JSW Group has doubled its revenues to $24 billion and nearly tripled its steel production capacity to 39 million tonnes annually.…

24 Feb

M&M shares gain nearly 2% as Jefferies maintains ‘buy’ call, sees over 50% gain

Business CorrespondentBusiness, News

Shares of Mahindra & Mahindra surged in morning trade on February 24, recovering from a sharp 6 percent drop in the previous session to rise nearly 2 percent to Rs 2,712. The surge came after Jefferies reaffirmed its 'buy' rating, setting a target price that indicates significant upside from current levels. With a price target of Rs 4,075, the international brokerage estimates a staggering 52.6 percent upside potential from the last close of Rs 2,669 on the National Stock Exchange. M&M shares witnessed the biggest single-day fall in nearly 7 months during the previous session. Analysts at Jefferies view the…