Business News Northeast - Latest Business Northeast News & Updates

03 May

Bandhan Bank sees 11% growth in total business, reaches Rs. 2.88 lakh crore

Business BureauBusiness

Bandhan Bank has reported a solid 11% growth in total business for the fiscal year 2024-25, reaching Rs. 2.88 lakh crore. The bank’s performance was buoyed by a 12% increase in total deposits, which now stand at Rs. 1.51 lakh crore. The bank’s robust retail deposit share has also surged, accounting for nearly 69% of total deposits. During the fourth quarter of FY25, Bandhan Bank witnessed a healthy growth in its loan book, rising by nearly 10% year-on-year to Rs. 1.37 lakh crore. The bank’s Current Account and Savings Account (CASA) ratio remained strong at 31.4%, reflecting the efficient mobilization…

03 May

Gold futures prices inflation: Price rises to Rs 92,811 per 10 grams

Business CorrespondentBusiness, News

New Delhi, May 3: Gold prices on Friday rose by Rs 472 to Rs 92,811 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 472, or 0.51 percent, to Rs 92,811 per 10 grams in a business turnover of 14,987 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.68 percent to $3,261.31 an ounce.

02 May

Ujjivan Small Finance Bank Q4 profit reduce 75% to ₹83 crore, shares down 3%

Business CorrespondentBusiness, News

Ujjivan Small Finance Bank (SFB) on Wednesday reported that its net profit for the three months ended March 2025 fell 75% to ₹83.39 crore, due to higher provisions for bad loans.The bank had posted a net profit of ₹329.63 crore in the same period a year ago.Its total income rose to ₹1,843 crore in the January-March quarter of financial year 2024-25 (FY25) from ₹1,765 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing.Total provisions excluding tax rose to ₹264.50 crore in the quarter under review from ₹79 crore in the same quarter…

02 May

Britannia Marie Gold launches Season 2 of Her Start-Up show to empower women entrepreneurs

Business BureauBusiness

Britannia Marie Gold, in collaboration with GroupM Motion Entertainment and Mindshare, has launched Season 2 of its acclaimed reality series Her Start-Up Show, dedicated to women entrepreneurs across India. Streaming exclusively on JioHotstar since April 19, the series features 40 finalists competing for the coveted ₹10 lakh Golden Grant. Season 2 builds on the success of its nationwide Her Start-Up Contest launched in July 2024, which attracted over one lakh entries. After rigorous training and shortlisting, 40 participants from cities like Indore, Aurangabad, Jammu & Kashmir, and Coimbatore are pitching innovative ideas across sectors including food, fashion, sustainability, and tech.…

02 May

CMF by Nothing launches innovative products, targets India’s evolving tech savvy consumers

Business BureauBusiness

CMF, the sub-brand of the London-based technology giant Nothing, has launched its highly anticipated second-generation devices—CMF Phone 2 Pro, Buds 2, Buds 2 Plus, and Buds 2a. Following a significant 156% year-on-year growth in Q1 2025, as reported by Counterpoint Research, CMF aims to expand its presence in India’s competitive consumer electronics market. The CMF Phone 2 Pro features an advanced 50 MP camera system, MediaTek Dimensity 7300 Pro 5G processor, and a 5000 mAh battery, ensuring superior performance and efficiency. With prices starting at INR 17,999, the phone is designed to cater to a wide range of consumers looking…

02 May

LG Electronics India appoints Arjuna Awardee Vantika Agrawal as brand ambassador

Business BureauBusiness

LG Electronics India Limited has announced renowned chess player Vantika Agrawal as its new brand ambassador. A three-time Chess Olympiad gold medalist and recent recipient of the prestigious Arjuna Award, Agrawal has become one of India's brightest young talents in the world of chess. The partnership aligns with LG's commitment to supporting young achievers and promoting innovation that enhances the lives of its consumers. Vantika, who is also a Woman Grandmaster and holds the title of International Master, has become a symbol of excellence and perseverance in the sporting world. Mr. Hong Ju Jeon, Managing Director of LG Electronics India,…

30 Apr

HCLFoundation announces the winners of the 2025 edition of the HCLTech Grant

Business BureauBusiness

HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, has announced the winners of the 2025 edition of the HCLTech Grant. HCLTech Grant supports Indian non-government organizations (NGOs) driving transformative change across education, healthcare, and the environment. This year, the HCLTech Grant received over 13,925 registrations from NGOs across India. Three winning NGOs in each category are awarded a grant of ₹5 crore ($580,700) for their impactful projects, and six runner-up NGOs in each category are awarded ₹25 lakh ($29,000). To date, the HCLFoundation has awarded ₹152.8 crore (~$18.4 million) through the HCLTech Grant…

30 Apr

ASCI revamps influencer guidelines for health and finance sectors

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has updated its Influencer Advertising Guidelines, specifically for influencers in the health and finance sectors. The revised guidelines distinguish between generic promotions and expert advice, aiming to ensure greater transparency and consumer protection. Influencers promoting products or services in the BFSI (Banking, Financial Services, and Insurance) and Health & Nutrition industries now only need to declare qualifications when offering technical advice. For instance, a generic message about health check-ups or food-related promotions by chefs won’t require influencers to prove expertise. This change follows the growing maturity of influencer marketing, which has shifted from…

30 Apr

Gold futures price reduce by Rs 550 to Rs 95,475 per 10 grams

Business CorrespondentBusiness, News

New Delhi, Gold futures price fell by Rs 550 to Rs 95,475 per 10 grams in futures trade on Tuesday amid weak spot demand.Gold contracts for June delivery on the Multi Commodity Exchange fell by Rs 550 or 0.57 percent to Rs 95,475 per 10 grams in a business turnover of 17,745 lots.Analysts attributed the fall in gold prices to weak global cues.In international markets, gold futures in New York fell 0.80 percent to $3,317.18 an ounce.

29 Apr

Ambuja Cements Q4: Net profit lapse 9%, EBITDA rises 12%; company announces dividend

Business CorrespondentBusiness, News

Ambuja Cements Q4: Adani Group-owned Ambuja Cements announced its January-March quarter earnings on Tuesday, April 29. The company reported a consolidated net profit of ₹956 crore in the fourth quarter of financial year 2024-25 (Q4FY25), showing a 9% decline from ₹1,051 crore in the same period last year.Its revenue from operations grew nearly 12% to ₹9,802.5 crore in the March quarter as against ₹8,785 crore in the same period a year ago.Ambuja Cements reported stable operating performance in the fourth quarter as its operating profit also known as earnings before interest, tax, depreciation and amortization (EBITDA) grew 12% to ₹1,781…