Business News Northeast - Latest Business Northeast News & Updates

18 Dec

Vishal Mega Mart shares inflation 41% in market debut

Business CorrespondentBusiness, News

New Delhi: Shares of Vishal Mega Mart Ltd on Wednesday jumped 41 per cent in early trade against the issue price of Rs 78. The stock listed on the BSE at Rs 110, up 41 per cent from the issue price. Later, it rose 42.24 per cent to Rs 110.95. On the NSE, it listed at Rs 104, up 33.33 per cent from the issue price. Vishal Mega Mart's market valuation stood at Rs 48,644.57 crore. Vishal Mega Mart's Rs 8,000 crore initial public offering was subscribed 27.28 times on the last day of bidding on Friday. The initial public…

18 Dec

AkzoNobel India celebrates the milestone of three years of Project Revive

Business BureauBusiness

AkzoNobel India, the makers of Dulux paints and Coatings, has celebrated the milestone three years of Project Revive – it’s skill building program in decorative painting that has transformed the lives of over 800 drug-rehabilitated youth in Assam, Manipur and Arunachal Pradesh. Project Revive was piloted by AkzoNobel in Manipur in December 2021 in collaboration with the Department of Social Welfare (Government of Manipur) and its NGO partner Makers Foundation. Here, identified vulnerable youth in 21 Drug Rehabilitation Centers (DRCs) across five districts of Manipur participated in AkzoNobel’s vocational skill training course in decorative painting. Rohit Totla, Executive Director of…

18 Dec

Akasa Air celebrates Christmas with special festive meal on board

Business BureauBusiness

Akasa Air is spreading holiday cheer in the skies with the launch of its third edition of the Christmas special meal. Available from December 1-31, 2024, the meal features a mouth-watering Chicken Mince Cranberry Pie, paired with Christmas Pudding and a beverage of choice. This festive offering is available exclusively across the airline’s network and can be pre-booked via Akasa Air’s website or mobile app. Designed to bring the essence of Christmas to travelers, this meal combines savory and sweet flavors to create an unforgettable culinary experience. It is perfect for passengers looking to add a touch of celebration to…

17 Dec

Toyota launches All-New Camry Hybrid Electric Vehicle in India

Business BureauBusiness

Toyota Kirloskar Motor has unveiled the latest iteration of its Camry Hybrid Electric Vehicle, positioning it as a sophisticated, eco-friendly luxury sedan. The new model showcases Toyota's commitment to sustainable mobility and advanced hybrid technology. Key highlights of the All-New Camry include: (1) Powertrain and Performance: The vehicle features a 2.5L Dynamic Force Engine paired with a 5th Generation Hybrid System, delivering a total maximum power of 169kW (230 PS). It offers an impressive fuel efficiency of 25.49 km/l and multiple driving modes including Sport, Eco, and Normal. (2) Design and Comfort: The sedan boasts a sleek, futuristic design with…

17 Dec

A delegation of 39 students leaves for IIT Jodhpur as part of the government’s fifth phase

Business BureauBusiness

A delegation of 39 students from varied higher education institutions from West Bengal have left for IIT Jodhpur as a part of the fifth phase of the Govt’s. ambitious cultural and educational endeavour the ‘Ek Bharat Shreshtha Bharat YuvaSangam’ programme. An orientation session and a flag-off event were organized at IIEST Shibpur in the presence of Mr. Kazi Masum Akhtar, an educationist and Padma Shri Awardee. While the nodal institute from West Bengal is IIEST Shibpur, the nodal institute from Rajasthan is IIT Jodhpur. The delegate members will stay in IIT Jodhpur from 14th-18th Dec 2024. Through this visit, the…

17 Dec

TKM opens its first company-owned TUCO facility in Northeast India in Guwahati

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has launched its first Company Owned Toyota Used Car Outlet (TUCO) in Guwahati, marking the third such facility in India. The new 4,000-square-foot showroom can display over 15 certified pre-owned Toyota vehicles and represents the company's strategic expansion into the Northeast region. Each vehicle at the outlet undergoes a rigorous 203-point inspection by Toyota-trained technicians, ensuring high quality and reliability. The facility offers customers a transparent buying experience with features like online vehicle valuation and a comprehensive warranty of up to 30,000 kilometers or two years. Mr. Takashi Takamiya, Vice President of Toyota Kirloskar Motor, highlighted…

17 Dec

Home loan borrowers decrease 39%, disbursements rise 32%

Business CorrespondentBusiness, News

The housing finance market in Gujarat is facing a paradox – fewer people are borrowing, but those who are borrowing are borrowing in larger amounts. According to the latest State Level Bankers Committee (SLBC) report, the number of home loan borrowers saw a sharp decline of 39.6%, from 1.58 lakh accounts in the September quarter of FY24 to just 95,532 accounts in the same period of FY25. Despite the sharp decline in loan accounts, total disbursements grew by 32%, led by a remarkable 118% increase in loan ticket size – from Rs 6.82 lakh to Rs 14.93 lakh per account.…

16 Dec

UPI transactions jump to Rs 223 lakh crore in Jan-Nov

Business CorrespondentBusiness, News

UPI achieved 15,547 crore transactions worth Rs 223 lakh crore this year, transforming India's financial landscape. It is now being accepted in seven countries, furthering financial inclusion and access to digital payments. The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'reflecting its transformational impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries, including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and faster alternative…

14 Dec

Gold, silver prices plunge as jewellers sell off

Business CorrespondentBusiness, News

New Delhi: Gold and silver prices fell in the national capital on Friday, with the precious metal sliding below the Rs 80,000 mark amid heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, traders said a weak trend in international markets also put heavy pressure on bullion prices. The precious metal of 99.9 per cent purity fell by Rs 1,400 to Rs 79,500 per 10 gram. It had closed at Rs 80,900 per 10 gram in the previous session. Silver fell by Rs 4,200 to Rs 92,800 per kg, its biggest fall in the month…

13 Dec

Vodafone Idea share price gain 5% from intraday low; can it rise further?

Business CorrespondentBusiness, News

Vodafone Idea share price witnessed a sharp surge during intraday trading on Friday, December 13, rising as much as 5 per cent from an intraday low of ₹7.68 despite a volatile market environment. Vodafone Idea share price opened at ₹7.83 against its previous close of ₹7.87 and fell over 2 per cent to hit ₹7.68 levels. However, the telecom stock recovered sharply and touched ₹8.07 levels. Around 1 pm, the stock was trading 2.4 per cent higher at ₹8.06. Vodafone Idea NewsVodafone Idea shares surged after the company revealed details of an investor presentation that highlighted four key strategies for…