Business News Northeast - Latest Business Northeast News & Updates

10 Jul

PC Jeweller to rose equity of Rs 500 crore

Business CorrespondentBusiness, News

New Delhi, PC Jeweller Ltd's board has approved a plan to raise equity of Rs 500 crore from promoters and Capital Ventures Pvt Ltd to prepay its debt, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company said the board has approved raising funds of up to Rs 500 crore through preferential allotment on a private placement basis. The board approved the issuance and allotment of up to 9.72 crore fully convertible warrants…

09 Jul

Silver futures prices downfall: Prices at ₹1,07,771/kg

Business CorrespondentBusiness, News

New Delhi, Silver prices on Wednesday fell by Rs 214 to Rs 1,07,771 per kg as participants reduced their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery fell by Rs 214, or 0.2 percent, to Rs 1,07,771 per kg in a business turnover of 16,447 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Globally, silver was trading 0.11 percent higher at $36.79 per ounce in New York.

09 Jul

Ujjivan SFB unveils International RuPay Select Debit Card for global, digital-first customers

Business BureauBusiness

Ujjivan Small Finance Bank has launched its first international payment solution — the International RuPay Select Debit Card — aimed at providing seamless global banking with premium lifestyle benefits to its growing base of digitally-savvy customers. The card, powered by the RuPay-Discover Network, will be accepted at ATMs, POS terminals, and online platforms worldwide. Designed especially for frequent international travellers and online shoppers, the card offers an impressive suite of benefits. These include complimentary domestic and international airport lounge access, ₹10 lakh accident and disability insurance, free quarterly golf lessons and wellness services, travel coupons, annual health check-ups, and concierge…

08 Jul

Phoenix Mills shares upgrade, retailer sales across operational malls rise 12% in Q1

Business CorrespondentBusiness, News

Shares of Mumbai-based real estate developer Phoenix Mills rose 1.24% to hit an intraday high of ₹1,567 on Tuesday, July 8, after the company provided its business update of Q1FY26 after market opened on Monday. Phoenix Mills informed the exchanges that its retailers' sales (consumption) across all operational malls grew 12% year-on-year in Q1FY26, reflecting healthy underlying demand and continued momentum across the portfolio. Consumption growth during the quarter was led by Phoenix Pallasio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai) and Palladium Ahmedabad, supported by the continued ramp-up of our new assets i.e. Phoenix Mall of the Millennium and…

08 Jul

Tata AIA study reveals 63% of East India’s Gen Z Prefer Life Insurance for retirement planning

Business BureauBusiness

Tata AIA Life Insurance, in collaboration with NielsenIQ, has unveiled key findings from its latest study titled “New Age Habits, Traditional Values: Gen Z’s Approach to Financial Planning.” The report reveals that 63% of working Gen Z individuals (aged 21–29) in East India identify life insurance as a primary retirement planning tool—the highest across all regions in India. The study highlights a prudent and balanced financial approach among East India’s youth. While 54% rely on fixed or recurring deposits, 47% invest in gold, and 43% participate in the equity markets. Term insurance adoption is also on the rise, with 11%…

08 Jul

Nothing bets big on India’s premium tech segment with Phone (3) and Headphone (1) launch

Business BureauBusiness

London-based consumer tech company Nothing has unveiled two premium offerings—Phone (3) and Headphone (1)—aimed at consolidating its footprint in India’s high-end electronics market. With increasing demand for innovation-led, design-centric gadgets, Nothing’s move signals confidence in India's evolving consumer tech landscape. The Nothing Phone (3) combines flagship specifications—Snapdragon® 8s Gen 4, pro-grade triple camera, AI-enabled Android 15-based OS, and a new Glyph Matrix interface—with competitive pricing at ₹62,999 (12+256GB) and ₹72,999 (16+512GB). Long-term support with five years of Android updates also enhances device value. Meanwhile, Headphone (1), priced at ₹21,999 (₹19,999 launch offer), features KEF co-engineering, Hi-Res Audio, spatial sound, and…

07 Jul

Jaguar Land Rover sales drop in first quarter

Business CorrespondentBusiness, News

New Delhi, Jaguar Land Rover said on Monday that its vehicles dispatched to dealers in the first quarter ended June 30 fell 11 percent to 87,286 units compared to last year. JLR said in a statement that wholesale sales in North America, Europe and the UK declined by 12 percent, 14 percent and 25 percent respectively in the first quarter compared to last year. It said that the UK market has been most affected by Jaguar's plan to discontinue older models. The British brand said that its retail sales in the April-June period this year stood at 94,420 units, down…

07 Jul

Byatikram’s Mirchi Excellence Award 2025 celebrates trailblazers in Northeast India

Business BureauBusiness

A vibrant celebration of excellence and innovation unfolded at the Radisson Blu Hotel, Guwahati, during the Mirchi Excellence Award 2025, powered by the Byatikram Group in association with Versatilis Legal LLP as Legal Advocacy Partner, Radisson Blu as Hospitality Partner, Diageo as Celebration Partner, Prag News as Exclusive Electronics Media Partner, and The Sentinel as Print Media Partner. The event paid tribute to exceptional individuals from Northeast India, recognising their achievements across various sectors and highlighting the region’s remarkable talent, entrepreneurial spirit, and leadership. Commencing at 5 PM, the gala evening drew an eclectic gathering of distinguished guests, industry leaders,…

05 Jul

HDFC Bank shares rose, gross advances rise 6.7% to ₹26.53 lakh crore in Q1, deposits rise 16.2%

Business CorrespondentBusiness, News

HDFC Bank share price: Shares of India's largest private lender HDFC Bank jumped on Friday, July 4, as gross advances rose 6.7% to ₹26,53,000 crore for the quarter ended June 2025, as against ₹24,86,900 crore in the same period a year ago. Sequentially, it grew 0.4%. Deposits for the first quarter of FY 2025-26 stood at ₹27,64,000 crore, reflecting a growth of 16.2% from ₹23,79,100 crore in the first quarter of FY 25. On a sequential basis, deposits grew 1.8%. HDFC Bank share price The stock rose 0.37% to ₹1,994.4 per share at 9:20 am on the National Stock Exchange…

05 Jul

PMI India pledges crackdown on illicit tobacco trade, supports government’s track & trace rollout

Business BureauBusiness

On the occasion of World Anti-Counterfeiting Day, Philip Morris International's India affiliate, PMI India, reiterated its commitment to dismantling the illicit tobacco trade in the country. The company emphasized a three-pronged approach—protecting revenue, safeguarding product integrity, and curbing the informal economy—aligned with the Indian government’s landmark rollout of a pack-level Track & Trace (T&T) system for tobacco products. India, home to an estimated 120 million tobacco users, has emerged as the world’s fourth-largest illegal cigarette market, with smuggled products making up nearly 25% of the domestic industry. Backed by global experience across over 140 countries, PMI aims to support India’s…