Business News Northeast - Latest Business Northeast News & Updates

07 May

Geopolitical Unrest Fuels Profit Surge for Big Oil as Q1 Risk Premiums Spike

sonaliBusiness

The global energy landscape continues to be defined by the economic fallout of the 2026 Iran war, as Shell becomes the latest major to report a significant jump in quarterly earnings. On Thursday, the London-listed firm announced first-quarter profits of $6.92bn (£5.1bn), comfortably exceeding analyst projections of $6.36bn. This performance marks a sharp increase from the $5.58bn recorded during the same period last year, a growth trajectory driven almost entirely by the geopolitical premium now baked into every barrel of crude. The ongoing maritime blockade of the Strait of Hormuz—a critical artery that historically facilitates 20% of the world’s oil…

07 May

Kolkata’s favourite restaurants revealed amid record-breaking 1.3 crore+ votes: Swiggy Restaurant Awards 2026

Business BureauBusiness

Swiggy announced the Kolkata winners of the Swiggy Restaurant Awards 2026, marking its largest-ever nationwide edition with over 1.3 crore votes from 6.43 lakh users—a sharp 2.2X increase from last year. The awards spanned 160+ cities, 110 categories, and recognised over 15,000 brands, driven by strong engagement including 43.8 lakh shared voting links and participation from 25,000 new users. In Kolkata, a mix of legacy favourites and emerging brands dominated both delivery and dineout segments. Leading names in food delivery included Oudh 1590, Arsalan, WeFit – Protein Bowls, Salads & Sandwiches, Chowman and Mio Amore – The Cake Shop. In…

07 May

Indian professionals are more alert to job scams but risk persists under pressure, new research from LinkedIn reveals

Business BureauBusiness

Indian professionals are becoming increasingly cautious about online job scams, with 82 per cent now pausing to assess whether a job opportunity is legitimate before applying, according to new research released by LinkedIn. The study, titled “Job Search Safety Pulse,” found that 53 per cent of Indian professionals are now more likely to question whether a job posting is fake compared to a year ago. However, the report highlighted that Gen Z job-seekers remain particularly vulnerable despite growing awareness. According to the findings, 54 per cent of Gen Z respondents admitted ignoring warning signs during high-pressure job searches when opportunities…

07 May

ABD’s Rangapur plant wins Telangana’s Best Factory Award, boosts manufacturing credentials

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) has secured the Best Factory/Management Award for its integrated manufacturing facility at Rangapur in Wanaparthy district, Telangana. The honour was conferred by the Labour, Employment, Training & Factories Department during International Labour Day celebrations on May 1, 2026, recognising excellence in manufacturing and management practices. The Rangapur unit is one of ABD’s key production hubs, comprising an Extra Neutral Alcohol (ENA) distillery, an IMFL bottling unit, and a PET bottle manufacturing plant commissioned in September 2025. The integrated setup allows tighter control over production cycles, costs, and supply chain logistics. The company is also…

07 May

Tata Motors introduces the all-new Ace Gold+ XL; reaffirms 21 years of progress with ‘Ikkis Saal Bemisaal’ campaign

Business BureauBusiness

Tata Motors has launched the all-new Ace Gold+ XL, marking 21 years of its iconic small commercial vehicle, the Tata Ace. The launch also coincides with the rollout of the nationwide ‘Ikkis Saal Bemisaal’ campaign, celebrating entrepreneurs who have built livelihoods around the ‘Chota Haathi’. Designed for higher payloads and longer applications, the Ace Gold+ XL features an 8-foot load body and 1-tonne payload capacity, aimed at boosting cargo volume and earnings. Powered by a 700cc turbocharged diesel engine delivering 22 PS power and 55 Nm torque, the vehicle uses Lean NOx Trap (LNT) technology, eliminating the need for Diesel…

06 May

Amazon Launches Integrated 3PL Platform for Manufacturers and Retailers

nanikaBusiness

In a move drawing immediate parallels to the birth of Amazon Web Services (AWS), Amazon has officially opened its massive, proprietary supply chain network to external businesses. The launch of Amazon Supply Chain Services (ASCS) marks a radical strategic shift, transitioning the company’s logistics infrastructure from a private cost center into a global, revenue-generating third-party logistics (3PL) powerhouse. For the first time, companies in sectors ranging from healthcare and automotive to manufacturing can leverage Amazon's end-to-end capabilities. This includes its fleet of over 100 cargo aircraft, 1,200 global logistics facilities, and its sophisticated last-mile delivery network. Doug Herrington, CEO of…

05 May

Jet fuel price surge turns structural risk for Indian aviation, warns Aon executive

Business BureauBusiness

Indian airlines are facing rising financial strain as aviation turbine fuel (ATF) prices surge, with industry experts warning that fuel volatility is no longer a short-term shock but a structural risk. Sunil Kadam, Executive Vice President, Airlines & General Aviation, Commercial Risk Solutions, India at Aon, said escalating global oil prices, compounded by geopolitical tensions in West Asia and airspace constraints, are significantly impacting airline operations. Kadam noted that ATF remains one of the largest cost exposures for Indian carriers. Higher fuel prices, longer routing due to restricted airspace and increased fuel burn are reducing network efficiency, especially on international…

05 May

Lindberg triumph highlights Turkish Airlines Open’s global brand push

Business BureauBusiness

Sweden’s Mikael Lindberg clinched the 2026 Turkish Airlines Open title with a total score of 278 (-10) at the National Golf Club in Belek, Antalya, underlining the tournament’s growing global stature. Italy’s Guido Migliozzi and Daniel Rodrigues finished as runners-up. The trophy was presented by Türkiye’s Minister of Youth and Sports Dr. Osman Aşkın Bak and Turkish Airlines Chief Commercial Officer Harun Baştürk. The event drew key stakeholders including Mevlüt Çavuşoğlu, Antalya Governor Hulusi Şahin, Turkish Golf Federation President Yıldırım Demirören, Regnum Hotels owner Fikret Öztürk and DP World Tour’s Mark Casey, reflecting strong institutional backing. Officials emphasised the tournament’s…

05 May

Kotak Mahindra Bank posts strong Q4 numbers as profit jumps 13%, asset quality improves

Business BureauBusiness

Kotak Mahindra Bank has reported a robust financial performance for the fourth quarter of FY26, with standalone profit after tax (PAT) rising 13 per cent year-on-year to ₹4,027 crore, driven by steady loan growth, higher deposits and improved asset quality. The bank’s net interest income (NII) grew 8 per cent to ₹7,876 crore in Q4FY26, while operating profit increased 7 per cent to ₹5,855 crore. Fee and services income also rose 6 per cent year-on-year to ₹2,767 crore during the quarter. For the full financial year FY26, standalone PAT stood at ₹14,008 crore. Kotak Mahindra Bank reported a sharp decline…

05 May

Tata Motors clocks 28% jump in CV sales in April on strong cargo, truck demand

Business BureauBusiness

Tata Motors Limited reported a 28 per cent year-on-year growth in commercial vehicle sales in April 2026, with total domestic and international sales rising to 34,833 units from 27,221 units in April 2025, reflecting strong demand across cargo, truck and passenger carrier segments. The company said domestic sales grew 27.9 per cent to 32,965 units during the month, while international business sales increased 28.2 per cent to 1,868 units. Sales of heavy commercial vehicle (HCV) trucks rose 23.4 per cent to 8,969 units, while ILMCV truck sales climbed 16.5 per cent to 5,454 units. Passenger carrier sales stood at 5,743…