Business News Northeast - Latest Business Northeast News & Updates

09 Oct

Inheritance and Governance Questions Surface Within the VS Branch of the TVS Empire

nanikaBusiness

Internal ownership tensions have surfaced within the Venu Srinivasan branch of the historic 115-year-old TVS industrial group, as a family dispute emerges between siblings Lakshmi Venu and Venu Sudarshan over asset division and financial rights following the broader 2020 family partition. Venu Srinivasan, the grandson of founder T.V. Sundaram Iyengar, chairs TVS Motor Company and associated entities controlled by the VS branch, while his daughter Lakshmi is reportedly seeking an equitable and fair financial settlement that mirrors her legal rights under Indian succession law. Although a memorandum of understanding was signed in March 2024 by Srinivasan, his wife Mallika Srinivasan,…

08 Oct

Amazon Targets Former Staff in AI Rehire Push Following Major Layoffs

nanikaBusiness

Amazon has eliminated approximately 1,000 white-collar positions primarily within its core Stores division, impacting employees across India, the United States, and the Kingdom as part of ongoing corporate restructuring during its Prime Big Deal Days shopping event. Internal Slack records indicate that customer service and selling partner services bore the brunt of these reductions, which follow an expansive wave of over 30,000 layoffs initiated last year and stretching into January. Founder and executive chairman Jeff Bezos attributed those earlier structural downsizing decisions to overzealous headcount expansion during the frantic, high-demand Covid-19 pandemic era when homebound consumers overwhelmingly relied on e-commerce…

08 Oct

Myntra’s Big Fashion Festival to feature 8 million styles, 21,000 emerging brands

Business BureauBusiness

Myntra’s flagship Big Fashion Festival (BFF) is set to return on October 8, offering more than 8 million styles, over 100 new brand and collection launches and participation from 21,000 emerging brands and labels. The festive shopping event is expected to see strong demand across metros and non-metros, with Myntra expanding its premium and value offerings, personalised shopping experiences and faster delivery options. The platform said the latest edition will feature twice the number of styles compared with the previous edition. According to Myntra, 13,000 emerging brands will make their BFF debut, supported through its Seller Growth Connect initiatives, technology…

07 Oct

Amazon Now brings delivery-in-minutes service to Burdwan

Business BureauBusiness

Amazon has launched its delivery-in-minutes service, Amazon Now, in Burdwan, expanding access to tens of thousands of products across grocery, personal care, fashion, beauty, home and kitchen, small appliances and other categories. The service offers quick delivery of everyday essentials, with fruits and vegetables, milk, bread, cooking oil, ghee, biscuits and confectionery among popular products in Burdwan. Amazon said demand is also growing for premium chocolates, personal care and home care products, indicating a preference for premium offerings alongside routine household purchases. “Amazon Now has crossed $1 billion in annualized gross sales in India, with orders doubling every quarter since…

07 Oct

Amazon Now brings delivery-in-minutes service to Midnapore

Business BureauBusiness

Amazon has launched its delivery-in-minutes service Amazon Now in Midnapore, offering customers access to tens of thousands of products across groceries, personal care, fashion, beauty, home and kitchen, small appliances and other categories. The service includes everyday essentials such as fruits and vegetables, milk, bread, cooking oil, ghee, biscuits and confectionery. Amazon said demand in Midnapore is also showing a growing preference for premium products, with premium chocolates, dry fruits, personal care and home care products witnessing strong demand. In Midnapore, the launch could strengthen the city’s rapidly evolving quick-commerce and digital retail segment by giving consumers faster access to…

07 Oct

MakeMyTrip launches Price Drop Protection to refund flight fare difference

Business BureauBusiness

MakeMyTrip has launched Price Drop Protection, a new feature that refunds travellers the difference if their booked flight fare drops before departure. The feature is aimed at addressing fare uncertainty and encouraging travellers to book flights earlier rather than repeatedly tracking prices and delaying reservations. Available on domestic and international, one-way and round-trip flights, the feature can be opted for during booking. It starts at Rs 229 per person for domestic flights and Rs 349 for international flights. The maximum refund is capped at Rs 2,500 per person for domestic flights and Rs 3,000 for international flights. Price Drop Protection…

06 Oct

Malabar Group signs LOI with West Bengal government to expand CSR impact

Business BureauBusiness

Malabar Group, the parent company of Malabar Gold & Diamonds, has signed a Letter of Intent (LOI) with the Government of West Bengal to strengthen government-corporate collaboration and expand its CSR initiatives across the state. The Group has earmarked ₹20 crore for CSR activities in West Bengal for FY 2026-27. The LOI was exchanged with Finance Minister Dr Swapan Dasgupta by Thahsil Ahammed, Regional Head (East India), Malabar Gold & Diamonds, along with Sajid N K, Manufacturing Head, and Shabeer P K, Senior Manager, CSR. The collaboration aligns with West Bengal’s integrated CSR framework involving the Finance Department, State CSR…

06 Oct

Instamart expands EV infrastructure with Yulu, Yuma Energy for delivery partners

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Instamart has announced partnerships with electric mobility platform Yulu and battery-swapping network Yuma Energy to strengthen access to electric vehicles and charging infrastructure for its delivery partners. The initiative aims to address two key barriers to EV adoption in last-mile delivery — access to affordable electric two-wheelers and charging-related downtime. Instamart said the programme can reduce rental expenses for participating delivery partners by up to 30%. Under the partnership with Yuma Energy, Instamart is providing space at its PODs, or dark stores, for battery-swapping stations. Yuma currently operates more than 2,000 battery-swapping units, with each swap taking less than two…

06 Oct

ICICI Life Insurance unveils ‘HarKalAasaan’ to make life insurance simpler for customers

Business BureauBusiness

ICICI Life Insurance Limited, formerly known as ICICI Prudential Life Insurance Company Limited, has introduced a new brand identity and tagline, ‘HarKalAasaan’, with a focus on making life insurance simpler, more transparent, flexible and easier for customers to navigate. The company said the new brand promise is designed around the changing needs of Indian consumers, who are managing evolving careers, family structures, longer lifespans and shifting financial priorities. The insurer aims to help customers make more informed and confident decisions about their financial future rather than viewing life insurance only as protection against uncertainties. Mr. Srinivas Balasubramanian, Chief of Marketing,…

05 Oct

Raymond Realty Q2 Momentum Strengthens on Existing Projects and New Pipeline

nanikaBusiness

Raymond Realty reported a sharp improvement in operating performance during the second quarter of FY27, with pre-sales nearly doubling year-on-year to ₹902 crore, up 98 per cent from the year-earlier period. Collections also recorded strong growth, rising 67 per cent to ₹682 crore, according to the company’s provisional operational update. The performance came despite the absence of any new project launches during the quarter, with sales driven by the existing Address by GS portfolio and steady price realisation. For the first half of FY27, Raymond Realty’s pre-sales climbed 111 per cent year-on-year to ₹1,602 crore, compared with ₹760 crore in…