Business News Northeast - Latest Business Northeast News & Updates

31 Jul

Adani Energy Solutions Plans Fresh Fundraising After ₹3,500 Crore Institutional Issue

nanikaBusiness

Adani Energy Solutions may launch another institutional share sale in the next financial year, after raising around ₹3,500 crore through a similar fundraising exercise this week, according to sources familiar with the matter. The company, part of billionaire Gautam Adani’s ports-to-power conglomerate, is considering another Qualified Institutional Placement (QIP) as it looks to strengthen its capital base and support future expansion plans. The company already has shareholder approval to raise up to ₹10,000 crore through share issuances in one or more tranches. Over the past eight months, Adani Group companies have raised approximately $4.75 billion through QIPs and rights issues.…

31 Jul

SEBI Grants In-Principle Approval for ₹1,491 Crore Settlement with NSE Over Past Lapses

anuprovaBusiness

The Securities and Exchange Board of India (SEBI) has granted in-principle approval to the National Stock Exchange of India (NSE) to settle long-standing regulatory cases for ₹1,491.21 crore. The agreement clears the single largest legal hurdle for the country’s premier bourse as it accelerates preparations for its long-awaited initial public offering (IPO). The settlement resolves proceedings tied to the high-profile co-location and dark-fibre cases, which involved allegations of governance lapses and failure to provide equal market access to all trading members. Under the agreed-upon terms, the settlement allocates ₹1,223.6 crore toward the co-location case and ₹267.7 crore to close the…

31 Jul

ArcelorMittal posts stronger second-quarter earnings on improved steel prices and European recovery

Business BureauBusiness

Global steel and mining major ArcelorMittal reported stronger financial performance for the second quarter ended June 30, 2026, driven by improved steel prices, resilient demand and better profitability across its operations, particularly in Europe. The company posted sales of $16.76 billion, up from $15.46 billion in the previous quarter, while EBITDA rose 22.9 per cent sequentially to $2.06 billion. Net income increased to $683 million, with earnings per share improving to $0.90 from $0.76 in the first quarter. The company also reported an EBITDA margin of $155 per tonne, reflecting gains from strategic investments, asset optimisation and diversified market exposure.…

31 Jul

Sanofi Consumer Healthcare India reports steady Q2 growth on strong domestic demand

Business BureauBusiness

Sanofi Consumer Healthcare India Limited reported a steady financial performance for the second quarter of FY26, posting a 7% year-on-year rise in revenue to ₹2,357 million, supported by robust domestic demand and improved profitability despite softer export sales. The company said domestic sales grew 12% during the quarter, driven by its product relaunch strategy, while export sales declined 9% due to a high base in the corresponding period last year. Profit Before Tax (PBT) increased 16% year-on-year to ₹919 million, reflecting stronger operational execution and disciplined cost management. For the first half of FY26, Sanofi Consumer Healthcare India recorded revenue…

31 Jul

Jawa Yezdi strengthens brand connect through Shaurya Vijay Yatra with Indian Army

Business BureauBusiness

JawaYezdi Motorcycles, in partnership with the Indian Army, has concluded the 1,900-km Shaurya Vijay Yatra at the Kargil War Memorial in Dras on Kargil Vijay Diwas, reinforcing its brand association with patriotism, heritage and adventure motorcycling. The expedition, which began at the National War Memorial in New Delhi, brought together serving and retired defence personnel, Veer Naris, families of Kargil martyrs and civilian riders to honour the courage and sacrifice of soldiers who fought in the 1999 Kargil War. A defining feature of the expedition was the ceremonial transportation of sacred soil from the National War Memorial to the Kargil…

31 Jul

Maruti Suzuki launches new Brezza Turbo Boosterjet with sporty performance

Business BureauBusiness

Maruti Suzuki India Ltd on Friday launched the new Brezza Turbo Boosterjet, expanding its popular compact SUV portfolio with a performance-oriented variant aimed at young and aspirational buyers. The new model is available at an introductory starting price of ₹7.39 lakh (ex-showroom) and features a 997cc Turbo Boosterjet engine paired with a 6-speed manual transmission and Progressive Smart Hybrid Technology. The company said the new Brezza has been designed to suit the evolving lifestyles of India's youth, combining a bolder exterior, refreshed styling, advanced safety features and enhanced connectivity. The Turbo Boosterjet produces 81 kW of power and 170 Nm…

30 Jul

Bajaj Finance AUM Crosses ₹5.47 Trillion as Q1 Profit Climbs 27%

nanikaBusiness

Bajaj Finance Limited reported a strong financial performance for the first quarter of FY27, with consolidated net profit attributable to owners rising 27.4 per cent year-on-year to ₹5,985.75 crore for the quarter ended June 30, 2026. The company’s profit growth was supported by higher net interest income and continued expansion in its assets under management (AUM). The lender’s consolidated AUM increased 23.9 per cent to ₹5.47 trillion as of June 30, 2026, compared with ₹4.41 trillion during the same period last year. The company added ₹36,969 crore to its AUM during the quarter, reflecting strong growth across its lending operations.…

30 Jul

South Africa eases travel for eligible Indians with 48-hour ETA visa system

Business BureauBusiness

South Africa has introduced an Electronic Travel Authorisation (ETA) system for eligible Indian passport holders, enabling travellers to apply for travel authorisation entirely online with applications intended to be processed within 24 to 48 hours. The initiative is aimed at simplifying travel for short-term leisure and work visits of up to 90 days by replacing traditional paperwork with a fully digital process. Under the new system, travellers can complete the application online by creating an account on the official South African Department of Home Affairs ETA portal, uploading the required documents, verifying their identity through smartphone-based biometrics and paying the…

30 Jul

Cognizant Raises Full-Year Profit Guidance as Financial Services Surge Powers Q2 Beat

anuprovaBusiness

Cognizant Technology Solutions raised its full-year 2026 earnings outlook following strong second-quarter performance, anchored by robust momentum in its core financial services division and expanding demand for artificial intelligence-led transformation. The Nasdaq-listed IT services major reported Q2 revenue of $5.48 billion, representing a 4.5% year-on-year growth, while adjusted operating margins expanded 40 basis points to 16.0%. Growth was spearheaded by its Financial Services segment—Cognizant’s largest business line—which accelerated 12% year-on-year, marking its second consecutive quarter of double-digit growth as banking and financial clients increased spending on digital modernization and AI integration. Adjusted diluted earnings per share (EPS) for the quarter…

30 Jul

TRAI drive test assesses mobile network quality in South Tripura

Business BureauBusiness

The Telecom Regulatory Authority of India (TRAI) has released the findings of an Independent Drive Test (IDT) conducted across South Tripura district and adjoining areas to assess the real-time quality of mobile network services offered by telecom operators in the North East Licensed Service Area (LSA). The tests, carried out from May 13 to 16, 2026, evaluated voice and data performance of Airtel, BSNL, Reliance Jio Infocomm Ltd. (RJIL) and Vodafone Idea Ltd. (VIL) across city routes, hotspot locations and walk-test zones. The survey covered 244.2 km of city drive routes, nine hotspot locations and 1.6 km of walk-test areas…