Business News Northeast - Latest Business Northeast News & Updates

29 May

LIC Shares Halved Post Bonus Issue, But Investors Haven’t Lost Money

anuprovaBusiness

Shares of Life Insurance Corporation of India witnessed a sharp 50 percent fall on Friday after the stock turned ex-bonus for its first-ever 1:1 bonus share issue, triggering confusion among several retail investors. However, market experts clarified that the sudden plunge was only a technical price adjustment and not an actual erosion of investor wealth. Under the 1:1 bonus issue, shareholders will receive one additional share for every existing LIC share they hold. As a result, the stock price adjusted downward proportionately after the ex-bonus date, making it appear as though the share had crashed by half. Analysts explained that…

29 May

Travelport partners with Cognizant and Anthropic to boost AI-driven travel technology

Business BureauBusiness

Travel technology company Travelport has partnered with Cognizant and Anthropic to modernise travel booking and distribution systems using artificial intelligence, the companies announced on Tuesday. The collaboration aims to build an AI-powered travel ecosystem capable of improving how travel technology is developed, tested and maintained, while also bridging the gap between AI-driven travel planning and real-time booking systems. Under the partnership, Cognizant will deploy Anthropic’s Claude AI models across Travelport’s travel retailing and distribution platforms. The initiative is expected to help airlines, hotels, travel management companies and online travel agencies improve efficiency and automate complex travel processes. The companies said…

28 May

AM/NS India becomes first steel firm globally to produce API 5L X100 equivalent welded pipes

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) has become the first steel company in the world to manufacture the highest strength welded pipes equivalent to API 5L X100, marking a major breakthrough in offshore engineering and advanced steel manufacturing. The company said the welded pipes, produced in EQ70 grade steel, have received certification from the American Bureau of Shipping (ABS), a leading maritime classification society that validates compliance with stringent global standards for safety, strength and structural integrity in marine applications. Manufactured at the company’s flagship Hazira plant in Gujarat using Submerged Arc Welding (SAW) technology, the pipes are designed for…

28 May

Gold drops to 2-month low as US-Iran conflict supports oil and dollar

anuprovaBusiness

Gold prices sank to their lowest level in almost two months on Thursday as a renewed flare-up in hostilities between the United States and Iran boosted global oil prices and the US dollar, weighing on demand for the precious metal. Investor fears over prolonged geopolitical tensions and increasing inflation pressure from surging crude oil prices caused spot gold to tumble in overseas markets.The dollar's rise to a near one-week high on a flare-up in the Middle East made gold more expensive for holders of other currencies and less attractive, analysts said. Higher oil prices also raised fears of a longer…

28 May

HPCL and Tata Motors Join Forces to Build Scalable Circular Model for Used Automotive Lubricants

Business BureauBusiness

Hindustan Petroleum Corporation Limited (HPCL) and Tata Motors have entered into a strategic partnership to develop a scalable circular economy model for the responsible collection and recycling of used automotive lubricants in India. The two companies signed a Memorandum of Understanding (MoU) to pilot a structured system aimed at strengthening sustainable waste management and supporting India’s evolving Extended Producer Responsibility (EPR) framework. The initiative will focus on establishing an organised and traceable mechanism for collection, storage, transportation and recycling of used lubricants, classified as hazardous waste. The recycled oil will be converted into high-quality re-refined base oil, improving resource efficiency…

28 May

UK Government Prepared to Block Sunil Bharti Mittal From Raising BT Group Stake

nanikaBusiness

The British government is reportedly prepared to block Indian billionaire Sunil Bharti Mittal from increasing his stake in BT Group. According to a report by the Financial Times, which cited sources familiar with the matter, the UK government intends to oppose any such move by Bharti Enterprises to protect and maintain sovereign control over the nation’s "critical national infrastructure." This development follows reports last week that Bharti Enterprises was exploring options to raise its stake in the British telecom giant. The proposed increase would have brought its holdings to just below the mandatory threshold required to trigger a full takeover…

28 May

Taneira launches Inaya saree collection targeting modern celebration wear market

Business BureauBusiness

Taneira has launched ‘Inaya’, a contemporary saree collection designed for women seeking elegant yet effortless fashion for celebrations, weddings and festive gatherings. Starting at Rs 3,499, the collection reflects changing consumer preferences as more women look for versatile occasion wear that combines comfort, individuality and modern styling. Crafted largely from lightweight and flowy fabrics, the collection draws inspiration from nature and celestial movement, featuring abstract floral impressions, geometric influences and shades inspired by dawn, twilight and blooming landscapes. The collection has been positioned as accessible premium wear for intimate celebrations and milestone moments. Speaking on the launch, Somprabh Kumar Singh…

27 May

Indriya launches ‘Madhuragini’ bridal collection inspired by Mithila heritage and Madhubani art

Business BureauBusiness

Indriya, Aditya Birla Jewellery has unveiled its latest bridal collection ‘Madhuragini’, a 22kt gold jewellery line inspired by the rich artistic traditions of Mithila and the sacred wedding story of Lord Ram and Sita depicted through Madhubani art. The collection aims to blend heritage storytelling with contemporary bridal fashion, targeting consumers seeking culturally rooted yet modern jewellery designs. The collection features necklace sets, earrings, rings, maang tikkas, naths and mangalsutra dolnas across multiple price ranges. Its centrepiece is divided into two signature layers — the Samyukta Haar and the Sita Haar. The Samyukta Haar showcases motifs such as Dulha-Dulhan, Mor,…

26 May

Classic Legends bets on after-sales expansion with nationwide care camp initiative

Business BureauBusiness

Classic Legends has launched a nationwide “Legends’ Care Camp” across its authorised Jawa, Yezdi and BSA dealership network from May 23 to May 31, 2026, as the company seeks to strengthen customer retention and improve after-sales engagement in India’s premium motorcycle market. The nine-day service initiative, to be conducted across multiple cities, reflects the growing importance of after-sales service in the competitive mid-capacity motorcycle segment, where customer experience and long-term ownership costs increasingly influence buying decisions. Under the campaign, customers will receive comprehensive vehicle health check-ups along with offers on labour charges, spare parts and genuine accessories. Trained technicians will…

26 May

Rupee Drops to Record Low of 95.43 Against Dollar on Middle East Tensions

anuprovaBusiness

The Indian rupee fell to a record low of 95.43 to the US dollar on Tuesday as safe-haven demand grew as hopes for a diplomatic breakthrough in the Middle East faded. As geopolitical uncertainties intensified, investors aggressively exited emerging market assets, turning instead to the greenback and gold. The steep fall underscores the currency’s susceptibility to global energy shocks and foreign capital flight during times of international crisis. After a stalemate in peace talks, market sentiment quickly soured, fueling fears of prolonged unrest and possible disruptions to global supply chains. India imports over 80% of its crude oil and any…