Business News Northeast - Latest Business Northeast News & Updates

27 Jul

Indian Rupee Strengthens 28 Paise Against U.S. Dollar as Crude Oil Cools to $92 Following Easing Middle East Tensions

anuprovaBusiness

The Indian rupee appreciated 28 paise against the U.S. dollar, opening on a firmer note as global crude oil prices plunged toward $92 per barrel. The local currency found significant support from a pull-back in global energy benchmark Brent crude following a military pause in hostilities between U.S. and Iranian forces, which considerably relieved fears of trade route disruptions and imported inflation. A softer U.S. dollar index alongside robust buying momentum in domestic equity markets further fueled the currency’s gains. Because India imports the vast majority of its crude requirements, lower oil prices help narrow the country's trade deficit and…

27 Jul

India’s Largest Cement Maker UltraTech Eyes Record Rupee Bond Issue

nanikaBusiness

UltraTech Cement, India’s largest cement producer by capacity, is planning to raise ₹5,000 crore through rupee-denominated bonds, which could become the company’s biggest bond fundraising exercise in the domestic debt market. According to banking sources, the company is in discussions with merchant bankers and arrangers to tap the bond market ahead of the Reserve Bank of India’s upcoming policy decision. The proposed fundraising is expected to be used to strengthen the company’s financial position and support its business requirements. The planned bond issue will be divided into three maturity periods — two-and-a-half years, three-and-a-half years, and five years. UltraTech Cement…

27 Jul

TRAI drive test assesses mobile network quality in south Mizoram districts

Business BureauBusiness

The Telecom Regulatory Authority of India (TRAI) has released the findings of an Independent Drive Test (IDT) conducted across Lunglei, Lawngtlai and Siaha districts, along with adjoining areas in Mizoram, to assess the real-time quality of mobile network services offered by telecom service providers (TSPs). The tests, carried out between May 20 and 23, 2026, covered a 342.4-km city drive, 11 hotspot locations and 1.3 km of walk tests under the supervision of the TRAI Regional Office, Kolkata. The drive test evaluated key Quality of Service (QoS) parameters, including network coverage, call setup success rate, dropped call rate, call silence…

27 Jul

Turkish Airlines signs multi-year pilot training deal with CAE

Business BureauBusiness

Turkish Airlines has signed a multi-year agreement with aviation training technology company CAE for the delivery of five full-flight simulators (FFS) and two flight training devices (FTD), with an option to acquire two additional full-flight simulators, as part of its long-term strategy to expand pilot training capacity. The agreement was signed at the Farnborough Airshow and supports the airline's 10-year flight training investment plan as it continues to expand its global fleet and route network. The simulators and training devices will be installed at Turkish Airlines' new Flight Training Center, construction of which began earlier this year. The simulator hangars…

27 Jul

Axis Max Life expands retirement offerings with Smart RISE launch

Business BureauBusiness

Axis Max Life Insurance Ltd. has strengthened its retirement product portfolio with the launch of Smart Retirement Income with Sustained Earnings Plan (Smart RISE), a solution that combines a guaranteed annuity with a NIFTY 50-linked variable annuity to offer customers both predictable retirement income and exposure to equity market growth.The newly launched plan allows policyholders to customise their retirement timeline by choosing a deferment period during which the retirement corpus can accumulate before regular annuity payments begin. Following the deferment phase, customers receive a fixed guaranteed annuity throughout the policy term along with a variable annuity linked to the performance…

27 Jul

Turkish Airlines joins SAFFA Fund to strengthen sustainable aviation fuel strategy

Business BureauBusiness

Turkish Airlines has joined the SAFFA Fund I, LP, an investment fund dedicated to accelerating the production of sustainable aviation fuel (SAF), marking a significant step in the airline's long-term sustainability and supply chain strategy. The agreement will enable the airline to support the expansion of SAF production while strengthening its access to sustainable fuel supplies as the global aviation industry intensifies efforts to reduce carbon emissions. Established in December 2023 and managed by Burnham Sterling Asset Management LLC (BSAM), the SAFFA Fund invests in technologically mature SAF projects across multiple production technologies and geographic regions. Airbus serves as the…

27 Jul

Turkish Airlines signs deal for 12 new flight simulators to boost pilot training

Business BureauBusiness

Turkish Airlines has signed an agreement with Turkish defence and technology company HAVELSAN for the supply of 12 new flight simulators as the airline accelerates preparations for its long-term fleet expansion and pilot training requirements. The order comprises eight Full Flight Simulators (FFS) and four Flight Training Devices (FTD), supporting the airline's goal of expanding its fleet to more than 800 aircraft by 2033. The simulators, designed and manufactured entirely in Türkiye, will be installed at Turkish Airlines' expanding training infrastructure, including new simulator hangars currently under development and a Flight Training Center scheduled for completion in 2028. The airline…

27 Jul

First dengue vaccine gets DCGI approval in India, boosting disease prevention

Business BureauBusiness

India has approved its first dengue vaccine, with the Drug Controller General of India (DCGI) granting market authorisation to Takeda Biopharmaceuticals India Pvt. Ltd.'s QDENGA (TAK-003) for the prevention of dengue in individuals aged 4 to 60 years. The approval comes amid a sharp rise in dengue cases, with reported infections increasing 11-fold over the past two decades. India accounts for nearly one-third of the global dengue burden, with over 1.13 lakh cases reported in 2025. QDENGA is designed to protect against all four dengue virus serotypes and can be administered without prior dengue infection or pre-vaccination testing. The vaccine…

27 Jul

Three athletes of Odisha AM/NS India Gymnastics High-Performance Centre to represent India in the Commonwealth Games 2026

Business BureauBusiness

Three athletes of Odisha AM/NS India Gymnastics High Performance Centre (Odisha AM/NS GHPC) to represent India in the Commonwealth Games 2026 to be held in Glasgow, Scotland during July 23 – August 02, 2026. Out of the eight athletes in artistic gymnastics category, three athletes — Tapan Mohanty, Tapeswaranath Das and Olympian Pranati Nayak are part of the Odisha AM/NS GHPC. Tapan Mohanty and Tapeswaranath Das are part of the India Men's Team in the Men's Artistic Gymnastics (MAG) category. Olympian Pranati Nayak is part of the India Women’s Team in the Women's Artistic Gymnastics (WAG) category. This achievement highlights…

25 Jul

SpaceX Executes 13th Starship Test Flight from Texas, Achieving First In-Space Satellite Deployment

anuprovaBusiness

SpaceX successfully launched its 13th integrated test flight of the massive Starship rocket system from its Starbase facility in Boca Chica, Texas, achieving major technological milestones despite a partial anomaly during booster recovery. Powered by 33 Raptor engines, the world's largest launch vehicle lifted off on a suborbital path after previous countdown attempts were delayed by engine ignition issues and adverse weather. During coast phase in space, the upper stage deployed a batch of 20 next-generation Starlink Version 3 satellites—marking Starship's first operational payload delivery demonstration. Following stage separation, the Super Heavy first-stage booster experienced a hard splashdown in the…