Business News Northeast - Latest Business Northeast News & Updates

16 Sep

Siemens opens applications for 14th scholarship programme for engineering students

Business BureauBusiness

Siemens Limited has launched the 14th edition of its Siemens Scholarship Program, inviting applications from meritorious first-year engineering students from government engineering colleges across India.The programme aims to provide financial assistance to deserving students who lack adequate economic resources while supporting their holistic development and preparing them for careers in engineering, research and development and manufacturing. Based on the German Dual Education model, the initiative combines academic learning with exposure to industry practices and dynamics. The scholarship is available throughout the four years of engineering graduation, with 50% of the scholarships reserved for girls to promote equal opportunities in technical…

16 Sep

Bajaj Life Insurance and ICICI Lombard Push for Deeper Insurance Penetration Across Tripura at 8th SLIC Meeting

Business BureauBusiness

Bajaj Life Insurance, one of India's leading private life insurers, and ICICI Lombard, India's leading private general insurer, participated in the eighth State Level Insurance Committee (SLIC) meeting in Tripura, held in Agartala on 10th September 2026. Chaired by Dr. Parshant Kumar Goyal (IAS), Secretary (Finance), Government of Tripura, the meeting saw participation from senior officials of the State Government, IRDAI, insurers, banks and other stakeholders, who came together to take stock of progress and deliberate on the next set of priorities for the state. IRDAI has designated Bajaj Life Insurance and ICICI Lombard as the Lead Life Insurer and…

15 Sep

Samsung India Faces Leadership Change as Public Policy Chief Quits

nanikaBusiness

Samsung India’s head of public affairs and ESG, Rajiv Aggarwal, has resigned after nearly four years with the South Korean technology giant, according to two sources familiar with the matter. Aggarwal, 57, is serving his final week at Samsung India after overseeing the company’s engagement with the Indian government and its public policy matters. The reason for his resignation remains unclear. A former Indian bureaucrat, Aggarwal has previously held senior roles at companies including Uber and Meta. He declined to comment on his departure, while Samsung Electronics did not respond to requests for comment. His exit comes at a time…

14 Sep

Former Adobe India MD Naresh Gupta Joins Info Edge Board

nanikaBusiness

Info Edge (India) Ltd has announced significant changes to its senior leadership and board, appointing Himanshu Agarwal as Chief Financial Officer (CFO) and Whole-time Director, effective September 17, 2026. The appointment comes as Ambarish Raghuvanshi, who took over as Interim CFO in November 2025, prepares to transition to the role of Finance Advisor and Senior Management Personnel. Raghuvanshi will continue in these positions until October 31, 2026, to support a smooth transition. The company has also appointed Naresh Chand Gupta, former Managing Director of Adobe Systems India, as an Additional Director and Non-Executive Independent Director for a five-year term beginning…

12 Sep

UPI processed 24.5 billion transactions worth Rs 29.8 lakh crore in August: NPCI chairman

Business BureauBusiness

National Payments Corporation of India (NPCI) Non-Executive Chairman and Independent Director Ajay Kumar Choudhary said India’s financial infrastructure is entering a new phase driven by artificial intelligence, programmable transactions and stronger digital trust. Delivering the keynote address at the 7th Global FinTech Fest (GFF) 2026, Choudhary said the next generation of financial infrastructure must be capable of understanding intent, coordinating value, withstanding emerging threats and ensuring inclusion. Marking 10 years of UPI, he said the platform processed more than 24.5 billion transactions worth Rs 29.8 lakh crore in August 2026 through 752 participating banks. He credited Prime Minister Narendra Modi’s…

11 Sep

SBI-Led Banking Consortium Approves $3.5 Billion Debt Financing for Vodafone Idea

nanikaBusiness

A consortium of Indian lenders led by the State Bank of India (SBI) has agreed to extend approximately $3.5 billion (₹29,000+ crore) in debt financing to Vodafone Idea Ltd. (Vi) to support the cash-strapped telecom operator’s business turnaround. According to sources familiar with the matter, the banking group also includes Union Bank of India Ltd. and the National Bank for Financing Infrastructure and Development (NaBFID). The loss-making operator—India’s third-largest wireless provider by subscribers—intends to utilize the 10-year loan package to upgrade its network infrastructure and improve market competitiveness against top rivals Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd. The…

10 Sep

Fintech policy push seeks to widen credit access and take banking beyond branches

Business BureauBusiness

The Department of Financial Services has unveiled three technology-driven measures at Global Fintech Fest 2026 aimed at strengthening India’s financial inclusion architecture by expanding digital banking access, formal credit and last-mile cash services. DFS Secretary Sanjay Lohiya launched an open-source Android ATM that can instantly issue personalised RuPay debit, credit and NCMC cards and merchant UPI QR codes, reducing turnaround time from weeks to minutes. The machines will also support cheque deposits, account opening and loan applications. Banks are assessing their deployment as Digital Banking Units in semi-urban and rural areas, as well as airports, metro stations, educational campuses and…

10 Sep

AM/NS India launches Pelican galvanised steel brand amid rising demand for corrosion resistance

Business BureauBusiness

Arcelor Mittal Nippon Steel India (AM/NS India) on Wednesday launched AM/NS Pelican, a premium galvanised steel brand aimed at India's construction, infrastructure, manufacturing and engineering sectors, as demand rises for durable and low-maintenance materials. The company said the Indian galvanised steel market was estimated at 7.65 million tonnes in CY25 and is projected to grow at an annual rate of 8% through 2030. Pelican is designed to offer corrosion protection, uniform coating quality, consistent performance and formability, making it suitable for applications including roofing and roof-support sections, tubes, air-conditioning and ventilation systems, cable trays, fencing, furniture, drums and barrels, and…

09 Sep

Bandhan Bank enters credit card market with four new variants

Business BureauBusiness

Bandhan Bank has launched its credit card portfolio in collaboration with Mastercard, introducing four variants—Sparks, Ignite, Flare and Lumina—to cater to different customer segments and spending needs. The Sparks card offers accelerated rewards on grocery and apparel spending, a welcome bonus, domestic airport lounge access, BookMyShow offers, fuel surcharge waiver and EMI cashback. Ignite provides rewards on grocery and travel spends, welcome and milestone rewards, domestic and international lounge access and EazyDiner benefits. Flare is positioned as a travel-focused card with an Amazon Pay voucher, airport lounge access, entertainment and dining benefits and golf privileges. Lumina, the premium variant, offers…

09 Sep

ONGC Awards Large West Coast Offshore Order to L&T

nanikaBusiness

Larsen & Toubro (L&T) has secured a large offshore order from state-owned Oil & Natural Gas Corporation (ONGC) for projects on India’s west coast. According to L&T’s classification, the order is valued between ₹2,500 crore and ₹5,000 crore. The contract, awarded to L&T Energy Hydrocarbon Offshore, covers the Additional Development of Ratna-I (ADR-I) and NLM-14 projects. The scope includes engineering, procurement, construction, installation and commissioning of three new wellhead platforms and one riser platform, along with multiple sections of subsea pipelines and cables. The project will also involve brownfield modifications to existing offshore facilities. The order strengthens L&T’s presence in…