Business News Northeast - Latest Business Northeast News & Updates

19 Oct

Kotak Mahindra Bank Q2 results preview: Net profit expected to upgrade 10%

Business CorrespondentBusiness, News

Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank's net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a growth of 10.1% from ₹3,191 crore.Investors will be watching key areas closely during this earnings announcement.The focus will be on business momentum, particularly with respect to deposit and loan growth rates. Movements in net interest margin (NIM) will serve as a key indicator of profitability.Additionally,…

18 Oct

Tata Chemicals reports 46% year-on-year reduce in Q2 net profit

Business CorrespondentBusiness, News

On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company's revenue from operations remained stable at ₹3,999 crore compared to ₹3,998 crore in the previous fiscal year.EBITDA in the second quarter of this fiscal declined by 24.5% to ₹618 crore from ₹819 crore in the same period last year.In the reporting quarter, the EBITDA margin was 15.5%, lower than 20.5% in the same period…

18 Oct

Bajaj Allianz Life opens first branch in Arunachal Pradesh, boost insurance access in Northeast

Business BureauBusiness

Bajaj Allianz Life has opened its first branch in Naharlagun, marking a significant milestone in its efforts to expand life insurance accessibility across Arunachal Pradesh and the Northeast. This new branch reflects the company's commitment to enhancing financial inclusion by offering personalized life insurance solutions to meet the diverse needs of the region’s population. Speaking at the inauguration, Rajesh Krishnan, Chief Operations & Customer Experience Officer, highlighted the importance of the Northeast for Bajaj Allianz Life. “Aligned with IRDAI’s vision of ‘Insurance for All by 2047,’ this branch ensures access to financial security for everyone, regardless of their location. We…

17 Oct

Infosys Q2 results, dividend today: Profit may gain 10%; FY25 sales guidance may be revised

Business CorrespondentBusiness, News

Infosys Q2 Earnings: PhillipCapital expects Infosys net profit to rise 10.2 per cent to Rs 6,844.40 crore over the previous fiscal, while sales will grow 4.8 per cent to Rs 40,867 crore over the previous fiscal.Infosys Ltd may report a 10-15 per cent year-on-year growth in net profit in the September quarter on a 5 per cent rise in sales. In-Tech acquisitions will aid growth. Revenue in constant currency terms is expected to outperform Tier 1 peers on a sequential basis. The Salil Parekh-led IT major may also raise its revenue guidance for the fiscal year, even as it may…

17 Oct

Nagaland Govt partners with Tata AIA for Universal Life Insurance Scheme

Business BureauBusiness

Tata AIA Life Insurance (Tata AIA), one of India's leading life insurers, has been selected by the Government of Nagaland to implement the Chief Minister's Universal Life Insurance Scheme (CMULIS). Under this scheme, the primary earning member of the family will be provided with a life insurance cover of INR 2 lakh. This scheme aims to give families the financial support they need in the unfortunate event of the demise of the breadwinner. It is specifically aimed at helping the vulnerable sections of society, such as those working in unorganized sectors or are part of low-income groups. As part of…

16 Oct

South Indian Bank shares upgrade 5% after Q2 earnings, check details

Business CorrespondentBusiness, News

South Indian Bank shares on Wednesday rose 5.42% to Rs 25.25 on BSE as against its last close of Rs 23.95.South Indian Bank shares rallied 5% in the afternoon session today, as the bank announced its second quarter earnings. Net profit rose 18% to Rs 325 crore in the quarter as against Rs 275 crore in the same quarter last fiscal. Total income rose to Rs 2,804 crore in the second quarter as against Rs 2,485 crore in the same period last year. The bank earned interest income of Rs 2,355 crore during the quarter, as against Rs 2,129 crore…

16 Oct

JENNIE launches empowering ew single “Mantra” amidst global excitement

Business BureauBusiness

Global superstar JENNIE has officially launched her highly anticipated new single and music video, "Mantra," through Columbia Records/ODDATELIER. The release has generated significant buzz, marking a bold new chapter for the multi-talented artist. Directed by Tanu Muino, known for her work with Dua Lipa and Harry Styles, the music video showcases JENNIE’s vision of female empowerment and self-expression. In her own words, JENNIE describes "Mantra" as the ideal anthem to kick off her new era. "The song was inspired by my time recording in Los Angeles and hopefully fans feel that energy," she stated. "It's energetic and empowering, encouraging women…

16 Oct

Toyota Kirloskar Motor launches Urban Cruiser Hyryder ‘Festival Limited Edition’—A perfect blend of style and functionality

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has unveiled the Urban Cruiser Hyryder Festival Limited Edition, featuring a complimentary Toyota Genuine Accessories (TGA) package. This special edition SUV caters to customers seeking a more personalized and premium driving experience during the festive season. The TGA package includes 13 specially designed accessories, enhancing both the aesthetics and functionality of the vehicle's interior and exterior. Key features of the Urban Cruiser Hyryder Festival Limited Edition: (i) Complimentary TGA Package: This package includes exterior chrome and ornamental accessories like mudflaps, door visors, and bumper garnishes, along with interior premium and advanced accessories like all-weather floor mats,…

15 Oct

JSW Infra shares growth 3%, Nuvama initiates ‘buy’ on strong prospects

Business CorrespondentBusiness, News

Shares of JSW Infrastructure made a positive debut on the stock markets on October 15, rising 3 percent to Rs 329 after Nuvama Institutional Equities initiated coverage with a 'buy' call, emphasising on the upside citing multiple levers for growth.With a target price of Rs 390, the domestic brokerage estimates an upside potential of 22 per cent from its previous close of Rs 319 on NSE. JSW Infra shares have gained 53 per cent since the beginning of the year.Nuwama says JSW Infra, as the second-largest private port operator in a steadily growing industry, is set to benefit from strong…

14 Oct

Bajaj Auto Q2 preview: Strong volumes, rich product mix may drive revenue jump 23%

Business CorrespondentBusiness, News

Pune-headquartered Bajaj Auto Ltd is set to release its earnings report for the second quarter of FY 2025 on October 16. Increase in volumes and diversified product mix are expected to drive the company's sales to double-digit growth rate on a year-on-year basis.According to a Moneycontrol poll of eight brokerage firms, the Triumph maker is projected to report a 23 per cent year-on-year growth in revenue to reach Rs 13,266 crore. Net profit is estimated to rise 21 per cent to Rs 2,227 crore from Rs 1,836 crore in the same quarter last fiscal.Earnings estimates of analysts surveyed by Moneycontrol…