Business News Northeast - Latest Business Northeast News & Updates

26 Jun

RBI Unveils Draft Rules to Expand Participation in India’s Money Markets

anuprovaBusiness

The Reserve Bank of India (RBI) has released draft regulations proposing broader access to the country's money markets, a move aimed at improving market liquidity, enhancing efficiency, and deepening India's financial ecosystem. The proposed framework seeks to widen participation by allowing more eligible entities to access key money market instruments under a simplified and transparent regulatory structure. The central bank has invited feedback from market participants before finalising the guidelines, reflecting its consultative approach to financial sector reforms. Money markets play a crucial role in meeting short-term funding requirements for banks, financial institutions, and corporates, while also supporting the effective…

25 Jun

Bandhan Bank raises FD rates, offers up to 7.95% for senior citizens

Business BureauBusiness

Bandhan Bank has increased its fixed deposit (FD) interest rates by 20 basis points for select tenures, offering up to 7.95% interest to senior citizens and 7.45% to other customers for deposits with a maturity period of two years to less than three years. The revised rates come amid continued competition among banks to attract retail deposits. Bandhan Bank said senior citizens will also earn 7.75% interest on fixed deposits with a tenure of three years to less than five years, while other customers will receive 7.25% for the same period. According to the bank, deposits of one year to…

25 Jun

Tata AIA launches multifactor index fund to offer stable market-linked wealth creation

Business BureauBusiness

Tata AIA Life Insurance has launched the Tata AIA Multifactor Index Fund, a new unit-linked investment solution aimed at helping investors navigate market volatility while building long-term wealth through a disciplined and diversified equity strategy. The fund combines life insurance protection with market-linked investment opportunities and follows a passive, rules-based approach. It selects 50 companies from the Nifty 500 universe using four investment factors—low volatility, quality, value and momentum. According to the company, the low-volatility component is intended to reduce exposure to sharp market swings while maintaining participation in India’s long-term growth story. The fund will be available across several…

25 Jun

Vedanta Launches Real Estate Platform to Unlock Land Value

nanikaBusiness

Vedanta Ltd has announced its entry into the real estate sector through the incorporation of a wholly owned subsidiary, Vedanta Property Platforms Ltd (VPPL), aimed at monetising surplus land and non-core property assets. In a regulatory filing to the BSE on Wednesday, the company said VPPL was incorporated in Mumbai, Maharashtra, on June 22. The new entity will act as a strategic platform for Vedanta’s real estate business and related activities, including potential joint ventures and asset-light development initiatives. The move is part of Vedanta’s broader strategy to unlock value from idle land holdings and redeploy capital towards strengthening its…

25 Jun

Britannia brings a milkier twist to tea time with Doodh Marie Gold

anuprovaBusiness

Consumers looking for a richer biscuit experience with their daily cup of tea now have a new option, as Britannia Industries has launched Doodh Marie Gold, the latest addition to its Marie biscuit portfolio. Made with atta and containing 0 per cent maida, Doodh Marie Gold is designed to offer a milkier taste while retaining the light and crispy texture that Marie biscuit lovers have come to enjoy. The new product targets consumers seeking a more indulgent flavour profile without compromising on the familiar qualities of the classic Marie biscuit. According to Britannia, Doodh Marie Gold combines a distinctive taste…

25 Jun

Britannia launches Doodh Marie Gold with milkier taste and crisp texture

Business BureauBusiness

Britannia Industries has expanded its Marie biscuit portfolio with the launch of Doodh Marie Gold, a new offering designed to provide consumers with a milkier taste while retaining the light and crispy texture associated with traditional Marie biscuits. Made with atta and containing 0 per cent maida, Doodh Marie Gold aims to cater to evolving consumer preferences for richer and more indulgent taste experiences within the everyday biscuit category. The company said the new product combines a distinctive flavour profile with the familiar characteristics that have made Marie biscuits a popular tea-time companion. According to Britannia, Doodh Marie Gold offers…

25 Jun

LIC Shares Slip on CFO Exit; Lodha Developers and Emcure Pharma Advance Following Major Block Deals

anuprovaBusiness

Indian stock markets witnessed mixed action among prominent companies, with shares of Life Insurance Corporation (LIC) declining nearly 3 percent after the company announced the resignation of its Chief Financial Officer. The development weighed on investor sentiment, leading to increased selling pressure in the insurance giant’s stock. Market participants closely monitored the announcement, as leadership changes in key financial positions are often viewed as significant events that can influence investor confidence and corporate strategy. In contrast, shares of Lodha Developers and Emcure Pharmaceuticals attracted strong buying interest following substantial block deals executed during the trading session. The transactions sparked optimism…

25 Jun

Bandhan Bank increases FCNR (B) deposit offerings

Business BureauBusiness

Bandhan Bank has announced an attractive FCNR (B) deposit offering for its NRI customers, providing a compelling opportunity to invest in USD-linked deposits over a medium to long-term horizon. The Bank is offering 7.1% interest rate on USD 1 million and above FCNR (B) deposits for tenures ranging from 3 to 5 years. Interest rate for up to USD 1million has been increased to 7%. This initiative is expected to help NRI customers secure stable and competitive returns over a longer tenure, while also mitigating exposure to potential exchange rate fluctuations, particularly in the event of rupee depreciation. Commenting on…

24 Jun

Bharti Airtel Emerges as India’s Biggest Wealth Creator Over Five Years

nanikaBusiness

Bharti Airtel has emerged as India’s largest wealth creator over the past five years, adding ₹7.64 trillion in value, according to the latest Burgundy Private Hurun India 500 Report. The report highlights the changing dynamics of India’s corporate landscape, with telecommunications, financial services and emerging technology sectors driving significant value creation. In contrast, the information technology sector witnessed substantial value erosion during the same period. Tata Consultancy Services (TCS), Infosys and Wipro collectively lost ₹8.5 trillion in market value, making IT the biggest value-losing sector in the report. The study revealed that the combined valuation of India’s 500 most valuable…

23 Jun

Beyond a Potential Jio IPO: Five Key Growth Catalysts That Could Boost Reliance Shares for 44 Lakh Investors

anuprovaBusiness

While anticipation around a potential Jio IPO continues to attract investor attention, Reliance Industries has several other growth drivers that could help revive momentum in its stock and create value for its nearly 44 lakh shareholders. Market participants are increasingly focusing on the broader strategic roadmap laid out by Chairman Mukesh Ambani, which extends well beyond a single listing event. One of the biggest triggers is the continued expansion of Reliance’s digital ecosystem, with Jio strengthening its presence across connectivity, cloud services, artificial intelligence, and digital platforms. The company’s retail business also remains a major growth engine, supported by store…