Business News Northeast - Latest Business Northeast News & Updates

23 May

India rolls out Track & Trace to curb illicit tobacco trade; PMI backs move as game-changer

Business BureauBusiness

The advent of Track & Trace technology heralds a transformative era in the curbing illegal trade of cigarettes and other tobacco products Philip Morris International Inc.'s (PMI) India affiliate, IPM India, today hailed India’s decision to roll out pack-level Track and Trace (T&T) as a game-changing move against illicit tobacco trade and a major step towards modernizing regulatory enforcement. Approved under Section 148A of the Central Goods and Services Tax (CGST) Act, this reform marks a bold move to protect revenue, tighten enforcement, and bring greater transparency and accountability to India’s tobacco market. Starting with cigarette packs, the government has chosen a…

23 May

ArcelorMittalpowers up 1GW renewable project in India, fuels green steel push

Business BureauBusiness

ArcelorMittal has kickstarted power generation from its largest renewable energy venture—a $0.7 billion, 1GW solar and wind hybrid project in Andhra Pradesh—marking a major milestone in India's green industrial transformation. The clean energy will support AM/NS India, ArcelorMittal’s 60:40 joint venture with Nippon Steel, by supplying over 20% of the energy needs of its Hazira steel plant in Gujarat. Developed by AM Green Energy, a wholly owned ArcelorMittal subsidiary, the project is designed to slash AM/NS India’s carbon emissions by 1.5 million tonnes annually. The hybrid setup includes 1.5 million solar panels and 91 wind turbines, collectively producing 2.5 billion…

23 May

ASCI releases whitepaper on opinion trading: Calls clarity in regulations amid increasing fears

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has released a whitepaper titled “Examining Opinion Trading in India,” shedding light on the emerging area of opinion trading/prediction markets and the need for regulatory clarity around this rapidly growing sector. As per the National Initiative for Consumer Interest (NICI), these platforms have over 50 million users and transactions exceeding INR 50,000 crore annually. Opinion platforms engage users to make monetary bets on binary (yes/no) outcomes of real-world events ranging from sports to politics. Globally, opinion trading is regulated either as a financial instrument or under gambling laws. In India, SEBI has already…

23 May

Veet launches new campaign with sensitive variant, targets intimate grooming confidence

Business BureauBusiness

Veet, a global leader in hair removal solutions, has unveiled its latest campaign ; ‘Veet’s Smoothest Way to Sexy’ with a fresh message of empowerment and confidence in intimate grooming. The campaign introduces Veet Pure Sensitive Hair Removal Cream, a rich and creamy, dermatologically tested formula specially designed for full bikini area use. Tapping into a real but often unspoken concern, Veet addresses the hesitation many women feel about grooming sensitive areas. Unlike traditional painful or time-consuming methods, this product offers a quick, painless alternative, delivering smooth results without the risk of cuts or irritation. Kanika Kalra, Regional Marketing Director,…

23 May

Aluminium futures prices rose on fresh deals

Business CorrespondentBusiness, News

New Delhi, May 22: Aluminium prices rose marginally by 10 paise to Rs 239.80 per kg in futures trade on Thursday as speculators created fresh deals amid positive trend in the spot market.Aluminium contracts for June delivery rose 10 paise, or 0.04 percent, to Rs 239.80 per kg on the Multi Commodity Exchange in a business of 3,032 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

22 May

Crude oil futures rise due to spot demand

Business CorrespondentBusiness, News

New Delhi, May 21: Crude oil prices rose by Rs 51 to Rs 5,385 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand.Crude oil prices for June delivery rose by Rs 51 or 0.96 percent to Rs 5,385 per barrel on the Multi Commodity Exchange in a business of 10,225 lots.Analysts said crude oil prices rose in futures trade as participants increased their bets.Globally, West Texas Intermediate crude was trading 0.70 percent higher at $62.73 per barrel in New York, while Brent crude was up 1.02 per cent at…

20 May

Successful Conclusion of “Byatikram Education Conclave 3.0” Held in Nagaland

Business BureauBusiness

On May 17, Byatikram Education Conclave 3.0 concluded successfully at Latika Cinema Hall, Dimapur, Nagaland. Organized by Byatikram Group a socio-cultural organization in Northeast India, aims to bridge gaps in education, healthcare, economy, society, and culture, while guiding students and the younger generation toward thoughtful and purposeful career choices. The day-long conclave, held from 10 AM to 4 PM, brought together students, academicians, policymakers, and representatives from diverse communities across the region. The event was inaugurated by the Hon’ble Governor of Nagaland, His Excellency, Shri La Ganesan and commenced with the national anthem and ceremonial lamp lighting. It also featured…

20 May

North East Apprenticeship Pilot Scheme launched by Hon’ble CM of Mizoram Shri Lalduhoma and Hon’ble Union Minister Shri Jayant Chaudhary

Business BureauBusiness

Reaffirming the Government of India’s commitment to inclusive growth and regional empowerment, the Ministry of Skill Development and Entrepreneurship (MSDE) has launched a strategic pilot scheme to promote apprenticeship training in the North Eastern Region (NER). The scheme was jointly launched in Aizawl by Shri Lalduhoma, Hon’ble Chief Minister of Mizoram, and Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship. Anchored in the Hon’ble Prime Minister Shri Narendra Modi’s vision of Ashta Lakshmi and Viksit Bharat, Viksit North East, the initiative aims to provide structured, paid, and high-quality apprenticeship opportunities to youth across…

20 May

Zomato shares reduce 5%, analysts raise concerns over intensifying competition; Swiggy also drops nearly 2%

Business CorrespondentBusiness, News

Zomato Share Price: Zomato shares fell 5% to ₹264.85 per share on the NSE after global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space. After Zomato's shares more than doubled in value in 2024, analysts at Jefferies forecast that 2025 could be a breather year, with the stock possibly shifting gears into a price consolidation phase. According to news reports, the brokerage said that aggressive strategies by existing players and entry of new competitors could lead to higher discounts, which could pose risks to Zomato's medium-term profitability. The brokerage said that apart from Zomato's Blinkit,…

19 May

Aluminium Futures inflation on Fresh Bets

Business CorrespondentBusiness, News

New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.