Business News Northeast - Latest Business Northeast News & Updates

17 Feb

Tripura launches 1962 helpline for livestock care in partnership with IndusInd Bank, BFIL

Business BureauBusiness

IndusInd Bank Limited (IBL) and Bharat Financial Inclusion Limited (BFIL), a wholly owned subsidiary of IBL, have partnered with the Government of Tripura to launch a livestock care helpline under BFIL’s flagship Bharat Sanjeevani program.The helpline, accessible through toll-free number 1962, will serve farmers across Tripura’s eight districts and 875 villages, providing on-demand veterinary services, artificial insemination, and animal husbandry guidance. The initiative aims to improve livestock health and boost agricultural productivity. A central emergency response center will be established at Tripura’s Animal Resources Development Department (ARDD) in Agartala, supported by BFIL and IBL. GPS-enabled Mobile Veterinary Units (MVUs) will…

17 Feb

GlaxoSmithKline Pharma Q3FY25: Net profit jump 400% to Rs 228.58 crore

Business CorrespondentBusiness, News

GlaxoSmithKline (GSK) Pharmaceuticals on Friday announced a 402 per cent year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter (Q3 FY25) to Rs 228.58 crore, up from Rs 45.49 crore in the same period last year. The company’s revenue from operations rose to Rs 946.36 crore, a 17.5 per cent Y-o-Y increase from Rs 804.98 crore in Q3 FY24. Sequentially, the company’s net profit fell 8.08 per cent, whereas revenue declined 5.4 per cent, from Rs 248.68 crore and Rs 1,000.05 crore, respectively, reported in Q2 FY25. The performance is attributed to the company's strong growth across key product portfolios. GSK…

15 Feb

LG India launches 3rd Mega Blood Donation drive across 70 cities

Business BureauBusiness

LG Electronics India has announced the launch of its third Mega Blood Donation Campaign under the theme "Life’s Good When Life’s Shared," aimed at mobilizing communities and inspiring youth participation. The campaign will see 400 donation camps across 70 cities, targeting 30,000 registrations—building on the success of the 2019 and 2023 editions, which recorded 17,700 registrations from 188 camps. Donors will benefit from medical checkups, refreshments, and certificates of appreciation. LG is collaborating with Care Today Fund, United Way Mumbai, and Sakashm Bharti Foundation to promote voluntary blood donation. A dedicated microsite has been launched to facilitate registrations and provide…

15 Feb

India Energy Week 2025: TKM Showcases Sustainable Mobility

Business BureauBusiness

Toyota Kirloskar Motor (TKM) is transforming the way consumers experience sustainable mobility. At the India Energy Week (IEW) 2025, held in New Delhi from February 11 to 14, Toyota unveiled a lineup of eco-friendly vehicles designed to make green transportation more practical, accessible, and cost-effective for Indian consumers. Toyota’s multi-pathway approach includes the InnovaHycross Strong Hybrid Electric Vehicle (SHEV), the Mirai Fuel Cell Electric Vehicle (FCEV) powered by hydrogen, and the Prius Flex-Fuel Plug-in Hybrid Electric Vehicle (FFV-PHEV) that runs on up to 100% ethanol. The company also showcased its Urban Battery Electric Vehicle (BEV) Concept, tailored for urban commuters,…

15 Feb

Easy Trip Q3 results | Net profit, margins drop despite 172% gain in hotel bookings

Business CorrespondentBusiness, News

Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) decline in net profit for the third quarter ended December 31, 2024, to ₹45.6 crore from the same quarter in FY24. Revenue from operations declined 6.5% to ₹150.5 crore as against ₹160.9 crore in the same period last fiscal. At the operational level, EBITDA (earnings before interest, tax, depreciation and amortization) declined 21.8% YoY to ₹47.7 crore from ₹61 crore in Q3FY25, while EBITDA margin declined to 31.7% from 37.9% in the same quarter last fiscal. For the nine months ended December 31,…

14 Feb

PMI India calls for global collaboration to combat illicit tobacco trade on Anti-Smuggling Day

Business BureauBusiness

On the occasion of Anti-Smuggling Day 2025, IPM India, the India affiliate of Philip Morris International Inc. (PMI), has urged for cross-sector and international cooperation to eliminate the black market tobacco trade. The company emphasized that addressing illicit trade is crucial for safeguarding India’s economy, national security, and public health. According to the FICCI Cascade report, the illegal trade fuels a global shadow economy worth $2 trillion annually, accounting for over 3% of the global GDP. The report also reveals that 11.6% of cigarettes consumed worldwide are illicit, leading to an estimated $40.5 billion in tax losses. In India, the…

14 Feb

INDIAWOOD 2025 to propel India’s furniture market growth with innovation focus

Business BureauBusiness

INDIAWOOD 2025, scheduled for March 6-9, 2025, at the India Expo Mart & Centre, will celebrate its 25th anniversary as a key driver of India’s woodworking and furniture manufacturing sector. With the Indian furniture market projected to grow from USD 25.75 billion in 2025 to USD 37.18 billion by 2030, the event will showcase the latest innovations across smart manufacturing, advanced materials, and sustainability. The exhibition will feature over 600 brands from more than 30 countries, highlighting advancements like AI-driven automation, precision CNC systems, and fire-resistant materials. Specialized events, including Surface in Motion and Wood+ in Architecture & Design, will…

14 Feb

Swiggy shares rose after reports of potential commission hike

Business CorrespondentBusiness, News

Swiggy shares jumped as much as 8% in Thursday's trade, according to media reports. According to media reports, about 5,000 merchants will face a 2% hike in the commission they pay to the company. The report indicated that Swiggy is implementing rate adjustments for partner merchants operating under the old commission model. On Thursday, Swiggy shares recorded their best rise in two weeks. However, the stock lost some of its intraday gains, closing at ₹365.50, up 7.1% on the NSE. The food-tech giant had earlier informed select restaurant partners via email that the standardisation would be effective from February 16,…

13 Feb

Bangur Cement launches a new premium product, Bangur Marble

Business BureauBusiness

Shree Cement, one of India’s leading cement manufacturers, has launched its premium product, Bangur Marble Cement, under its master brand, Bangur Cement. This PSC cement offers best-in-segment brightness, superior strength, and crack resistance, making it ideal for exposed concrete structures and ensuring grand, imposing designs. Bangur Marble Cement was launched today in Kolkata, West Bengal, following its introduction in Jharkhand and Bihar. The product will be available to over 2000 retailers across Bihar, Jharkhand, West Bengal, and other Indian states. Retailers will have access to the product, with in-store demonstrations highlighting the features of this new offering. Speaking on the…

13 Feb

Ashok Leyland shares inflation over 7%, net profit jumps 31% in Q3

Business CorrespondentBusiness, News

Shares of Ashok Leyland, a leading commercial vehicle maker and the Indian flagship of the Hinduja Group, jumped nearly 7% during intraday trade after the company reported its highest ever net profit of ₹762 crore in the December quarter. The company's standalone net profit in the third quarter of the current fiscal year rose 32% year-on-year to ₹762 crore compared to ₹575 crore in the same period last year. The company's net profit in the previous September quarter of 2024 was ₹770 crore. Ashok Leyland's revenue rose to ₹9,479 crore in the quarter under review compared to ₹9,273 crore in…