Business News Northeast - Latest Business Northeast News & Updates

30 Jul

After Ghee, Soap and Honey, Patanjali Expands Business to Insurance Sector

sunnyBusiness

After making its mark with products like ghee, toothpaste, soaps, and honey, Patanjali Ayurved is now preparing to enter the insurance industry. The company, founded by Baba Ramdev, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire Magma General Insurance, marking its biggest move beyond FMCG and Ayurveda. The acquisition, valued at nearly ₹4,500 crore, is being executed jointly with the DS Group, known for its food and confectionery businesses. As part of the deal, Patanjali Ayurved will acquire a 73.56% stake in Magma General Insurance, while the DS Group will hold a 24.5%…

30 Jul

TATA AIG to implement PMFBY across 11 Mizoram districts for Kharif 2026

Business BureauBusiness

TATA AIG General Insurance Company has been appointed as the implementing insurance partner for the PradhanMantriFasalBimaYojana (PMFBY) across 11 districts of Mizoram for the Kharif 2026 season. The company will implement the flagship crop insurance scheme in Hnahthial, Serchhip, Aizawl, Lawngtlai, Mamit, Saitual, Siaha, Champhai, Khawzawl, Kolasib and Lunglei districts, strengthening financial protection for farmers against crop losses caused by natural calamities, pests and diseases. Jointly sponsored by the Government of India and the Government of Mizoram, PMFBY aims to improve farmers' income stability and enhance the resilience of the agricultural sector. As the implementing insurer, TATA AIG will facilitate…

30 Jul

Indriya strengthens premium bridal jewellery positioning with House of Masaba at India Couture Week

Business BureauBusiness

Indriya, Aditya Birla Jewellery, has strengthened its premium bridal jewellery positioning by unveiling an exclusive heritage-inspired collection in collaboration with House of Masaba at India Couture Week 2026. The partnership coincided with House of Masaba's first-ever bridal couture showcase, highlighting the growing convergence of luxury fashion and fine jewellery in India's expanding bridal market. The curated collection showcased classic yellow gold, heirloom-inspired antique jewellery, temple jewellery with intricate nakshi work, Rajasthan's iconic aads, delicate filigree craftsmanship, ceremonial maangtikas, and coloured gemstones set in gold, alongside contemporary designs tailored for modern lifestyles. Handcrafted by master artisans using generations-old techniques, the collection…

29 Jul

Tibetans in Northeast oppose China’s ethnic law, renew call for Tibet’s freedom

Business BureauBusiness

Tibetans living in Northeast India have voiced strong opposition to China's Ethnic Unity and Progress Law, calling it an attempt to suppress Tibetan identity and urging the restoration of Tibet's freedom. The appeal follows the self-immolation of 52-year-old Tibetan activist LobgaRangzen outside the United Nations headquarters in New York City on July 2. According to a statement issued by Tibetans residing in Northeast India, the protest was directed against China's occupation of Tibet and what they described as the use of legal measures to criminalise Tibetan resistance. The statement said the Ethnic Unity and Progress Law, which came into force…

29 Jul

IPL Brand Value Climbs to $20.6 Billion, RCB Emerges as Most Valuable Franchise

sunnyBusiness

The Indian Premier League (IPL) has continued its remarkable commercial growth, with its overall business valuation rising to $20.6 billion, marking an 11.4% year-on-year increase, according to a report released by global investment bank Houlihan Lokey Inc. This is the second consecutive year in which the league has recorded double-digit growth. The report also stated that the IPL’s standalone brand value has increased by 10.3% to $4.3 billion, adding more than $1.1 billion in value since 2025. With this growth, the IPL has further strengthened its position as one of the world's most valuable sports brands and ranks just behind…

29 Jul

Tata Capital Reports Stellar Q1 as Net Profit Soars 56% to ₹1,547 Crore Driven by Strong Loan Growth

anuprovaBusiness

Tata Capital delivered an impressive opening to the fiscal year, posting a 56% year-on-year surge in consolidated net profit to ₹1,547 crore for the first quarter, up from ₹990 crore in the corresponding period last year. The non-banking financial company’s revenue from operations expanded by over 15% to reach ₹8,822 crore, buoyed by sustained momentum across its core retail and small-and-medium enterprise (SME) lending channels. Driven by persistent credit demand, total assets under management (AUM) grew 22% year-on-year to ₹2.91 lakh crore, while organic portfolio expansion climbed 28% when excluding the acquired motor finance business. Operational efficiency and strengthening asset…

28 Jul

RBI to Introduce Polymer Banknotes Alongside Paper Currency After Successful Trials

nanikaBusiness

The Reserve Bank of India (RBI) has received approval from the government to issue 1 billion pieces each of ₹10 and ₹20 polymer banknotes for field trials, Minister of State for Finance Pankaj Chaudhary informed Parliament on Monday. The proposal, submitted by the RBI’s Central Board under Section 25 of the Reserve Bank of India Act, 1934, aims to evaluate the performance of polymer banknotes before their regular issuance in these denominations. The government has approved the proposal, and wider circulation will begin after successful completion of the trials. The minister clarified that polymer banknotes will be issued alongside existing…

28 Jul

Quick Commerce Platform Zepto Explores Lower $3 Billion Post-Money Valuation for Upcoming IPO

anuprovaBusiness

Indian quick commerce major Zepto and its key institutional investors are gauging market sentiment for a revised post-money IPO valuation of around $3 billion, adjusting expectations down from earlier internal targets of $4 billion to $5 billion. The strategic recalibration comes as domestic mutual funds and institutional investors push for more conservative pricing in light of public market volatility and heightened scrutiny around profitability in the rapid-delivery sector. As part of ongoing negotiations prior to filing updated public listing documents, the company is reportedly evaluating a potential reduction in its total issue size alongside a slight delay in its official…

27 Jul

Kotak Mahindra Bank delivers strong Q1 with 26% profit growth as asset quality improves

Business BureauBusiness

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the first quarter of FY27, driven by lower provisions, steady credit growth and higher fee income. The bank's consolidated net profit rose 23% to ₹5,480 crore during the April–June quarter, according to its unaudited financial results approved by the board. Standalone net interest income (NII) increased 9% year-on-year to ₹7,928 crore, while operating profit climbed 10% to ₹6,131 crore. Fee and services income grew 11% to ₹2,500 crore, whereas provisions fell 45% to ₹668 crore, reflecting an improvement in credit costs. Net interest margin…

27 Jul

ABD Maestro launches three super-premium whiskies in Telangana

Business BureauBusiness

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers Limited (ABD), has entered the Telangana market with the launch of three award-winning whisky brands — AODH Irish Whiskey, WOODBURNS Contemporary Rare Indian Whisky and YELLO Designer Whisky. The company, co-founded by Bollywood actor Ranveer Singh, unveiled the products at a launch event in Hyderabad on Monday. The launch marks ABD Maestro's expansion into Telangana's growing premium spirits segment, with the company targeting consumers seeking high-quality and craft-driven alcoholic beverages. The three whiskies are now available at leading retail outlets in Hyderabad and will also…