Business News Northeast - Latest Business Northeast News & Updates

31 Oct

QNET India offers luxury Diwali hampers with unique, thoughtful gifts

Business BureauBusiness

As Diwali nears, QNET India has introduced exclusive luxury hampers designed to elevate gifting with a blend of elegance and purpose. The two main offerings, available at special prices from October 24 to November 22, include the Sparkle Divine Set—featuring Kinnari Mira and Daisy jewelry pieces—and the Festive Dinner Collection, comprising the ORITSU Aristo Dinner Set and Zinnia Tea Set. These carefully curated collections are crafted to infuse celebrations with sophistication and practicality, making them perfect gifts to enhance the festive atmosphere. The Sparkle Divine Set showcases exquisite craftsmanship, with the Kinnari Mira and Daisy sets adorned in 14 Karat…

31 Oct

Castrol India appoints Kedar Lele as New Managing Director, strengthens Kolkata’s focus

Business BureauBusiness

Castrol India Limited has announced the appointment of Kedar Lele as its new Managing Director, effective 1 November 2024. Lele, who brings two decades of experience from Hindustan Unilever Limited (HUL), succeeds Sandeep Sangwan, who will assume the role of Global Chief Marketing Officer at Castrol’s headquarters in London. Rakesh Makhija, Chairman of Castrol India, expressed confidence in Lele's leadership, citing his expertise in fostering growth and innovation in complex markets. “We are delighted to welcome Kedar. His extensive experience makes him an outstanding choice to lead Castrol India forward,” Makhija stated. Lele’s background in sales and customer development is…

30 Oct

Oil prices increase on reports of OPEC+ delaying plans to increase production

Business CorrespondentBusiness, News

Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US West Texas Intermediate crude futures rose $1.34, or 2 percent, to $68.55 a barrel.OPEC+, a group of the Organization of Petroleum Exporting Countries and allies such as Russia, is due to raise output by 180,000 barrels a day in December. The group has cut output…

29 Oct

Dolby teams up with BTS’s Jin to celebrate new single “I’ll Be There” in Dolby Atmos

Business BureauBusiness

Dolby Laboratories, a leader in immersive entertainment experiences, is teaming up with Jin of 21st century pop icons BTS in the latest chapter of the “Love More in Dolby” global brand campaign. Jin stars in the commercial to celebrate his new single “I’ll Be There,” which is now available globally in Dolby Atmos. Following the single “I’ll Be There,” Jin’s highly anticipated first solo album Happy is set to release in Dolby Atmos worldwide on November 15th. "When I first heard my new music in Dolby Atmos, I was truly amazed by the incredibly vivid and immersive experience. It felt…

29 Oct

Citroën and Jeep® expand presence in India with new dealerships

Business BureauBusiness

Citroën and Jeep® have strengthened their foothold in India by inaugurating three new Stellantis multi-brand dealerships in Thrissur, Asansol, and Meerut. This significant expansion brings the total to 156 touchpoints for Citroën and over 150 for Jeep® across the country, responding to the growing demand for SUVs in these markets. The new dealerships, featuring comprehensive 3S facilities, showcase a diverse lineup, including the Grand Cherokee, Wrangler, and C5 Aircross SUV. Customers will benefit from a premier service experience, supported by skilled service teams and modern infrastructure. Asansol is set to experience a boost, with residents gaining access to a wide…

29 Oct

SpiceJet launches 32 new flights for winter schedule, shares grew up over 3%

Business CorrespondentBusiness, News

Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity."With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance connectivity and offer more choices to travellers.The winter schedule will include exciting new routes, including four new flights from Mumbai to Patna, Gorakhpur, Varanasi and Goa," SpiceJet said that in a stock exchange filing.The airline said that it will connect Patna to Ahmedabad, Guwahati, Kolkata…

28 Oct

Gold prices drop 0.48% a day ahead of Dhanteras, US dollar rally and macro data contributed to the fall

Business CorrespondentBusiness, News

According to MCX data, spot gold prices fell 0.48% to ₹77,622.00 per 10 gram around 10 am on Monday, October 28, 2024. This has happened after prices have been steadily rising for most parts of the year. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Gold prices rose throughout the year due to several factors, including geopolitical tensions such as the Russia-Ukraine war and the Israel-Gaza conflict. According to the report, another reason was the decision…

28 Oct

slice and NESFB announce successful completion of the merger

Business BureauBusiness

slice, India’s leading consumer payments and lending company has successfully completed its merger with North East Small Finance Bank (NESFB), effective from 27th October 2024, following the receipt of all requisite shareholder and regulatory approvals. This merger unifies the operations, assets, and brand identities of both entities into a single, integrated banking institution. This merger marks a pivotal milestone in India’s financial landscape, combining the innovation of a leading fintech with the trusted foundation of a traditional banking institution. This strategic integration sets the foundation for building India’s foremost tech-driven bank, prioritizing stability, risk management, and a robust governance framework…

28 Oct

Bandhan Bank reports 24% growth in total business, expands retail focus

Business BureauBusiness

Bandhan Bank has announced a robust financial performance for the second quarter of the fiscal year 2024-25, reporting a total business growth of 24%, reaching ₹2.73 lakh crore. The bank's total deposits increased by 27% year-on-year, now standing at ₹1.43 lakh crore, with retail deposits comprising nearly 68% of the total. The current account and savings account (CASA) ratio is reported at 33.2%, reflecting strong customer engagement and trust. Ratan Kumar Kesh, Interim MD & CEO of Bandhan Bank, attributed the bank's success to effective risk management and compliance, stating, "Our strong performance in the second quarter reflects the momentum…

26 Oct

Mahindra’s Truck and Bus Division inaugurate a state-of-the-art dealership in Kolkata

Business BureauBusiness

Mahindra Truck and Bus Division (MTBD) continues its rapid expansion with the inauguration of its 86th dealership in Kolkata, West Bengal. The state-of-the-art facility includes 14 service bays, offering the capacity to service more than 28 vehicles per day, 24-hour breakdown assistance, AdBlue availability, and driver lodging. Vinod Sahay, President of MTBD, highlighted the division's 46% year-on-year growth and the strategic importance of the new dealership. "Our extensive range of trucks and buses, including the BLAZO X, FURIO, and CRUZIO models, coupled with the industry's first mileage guarantee, strengthens our position in the commercial vehicle market," Sahay stated. The "Get…