Business News Northeast - Latest Business Northeast News & Updates

08 Oct

Ground-breaking report reveals rich mammal diversity in Tripura’s protected areas

Business BureauBusiness

In a significant step for wildlife conservation, The Habitats Trust, in collaboration with the Vivek PARC Foundation and the Tripura Forest Department, has released the pioneering report titled “Status of Mammals in the Protected Areas of Tripura: A Rapid Assessment.” This comprehensive survey showcases the remarkable mammalian biodiversity within Tripura’s protected regions, emphasizing the need for science-based conservation efforts. Conducted from January to April 2024, the study utilized camera traps across several key areas, including Sepahijala Wildlife Sanctuary and Gumti Wildlife Sanctuary. Notably, the report presents the first-ever camera-trap images of the elusive Ferret Badger, alongside findings of the leopard…

08 Oct

Ujjivan Small Finance Bank reports 17% growth in deposits for Q2 FY25

Business BureauBusiness

Ujjivan Small Finance Bank (USFB) has reported a significant 17% year-on-year (YoY) growth in total deposits for the quarter ending September 30, 2024, reaching ₹34,046 crore. This represents a 5% increase over the previous quarter (Q1 FY25), showcasing strong momentum in the bank’s deposit base. The CASA (Current Account Savings Account) book saw an impressive 26% YoY growth, now standing at ₹8,822 crore, contributing to a CASA ratio of 25.9%. The bank’s Gross Loan Book also recorded a 14% YoY growth, now at ₹30,344 crore. Affordable housing continued to be a key driver of growth, with disbursements in this segment…

08 Oct

HCG Cancer Centre Kolkata and Decathlon host Festival Run 2024 to promote Breast Cancer Awareness

Business BureauBusiness

In a vibrant initiative for Breast Cancer Awareness Month, HCG Cancer Centre Kolkata partnered with Decathlon to host the Festival Run 2024, aiming to elevate awareness and stress the significance of early detection. The event, starting and concluding at Decathlon, Salt Lake, Sector V, was inaugurated by Debashis Sen, former IAS officer and CMD of Hidco, alongside Dr. Amarjeet Singh, COO of HCG Cancer Centre Kolkata. Over 1,000 participants, including healthcare professionals and community members, engaged in the 5 km run, showcasing their commitment to the cause. Following the run, an energetic flash mob captivated onlookers with a performance inspired…

08 Oct

Celebrate Durga Puja with ITC Mangaldeep’s exclusive gift box

Business BureauBusiness

As the vibrant festivities of Durga Puja approach, ITC Mangaldeep has unveiled its limited-edition ‘Pujo Pujo Gondho’ gift box, designed specifically for the devotees of West Bengal. This aromatic gift box aims to enhance the auspiciousness of the celebrations, embodying the spirit of the festival. The ‘Pujo Pujo Gondho’ gift box features the sweet aroma of Anjali agarbatti, synonymous with the Pushpanjali rituals, and includes Dhuno Cups for the traditional Dhunachi dance, complemented by a miniature dhunachi holder. To evoke the emotions of Doshomi, the package also contains Bisarjan Agarbatti, reminiscent of the Bijoya Doshomi fragrance. Gaurav Tayal, Chief Executive…

08 Oct

Akasa Air launches Dussehra special meal celebrating Bengali cuisine

Business BureauBusiness

Akasa Air's onboard meal service, Café Akasa, is all set to immerse passengers in the festive spirit with its latest offering: an exclusive Dussehra special meal featuring authentic Bengali delicacies. This limited-edition meal showcases Hinge Aer Dal Kochuri, a spicy lentil-stuffed flatbread, paired with Kaju Fulkopi, a savory cauliflower dish, and a delectable Baked Rasgulla for dessert. Available throughout October 2024, passengers can conveniently pre-book this specialty meal via the Akasa Air website or mobile app. Dussehra, a festival that marks the victory of good over evil, holds a significant place in East Indian culture, and Akasa Air aims to…

07 Oct

Rama Steel reports 42% YoY rose in steel sales in Q2

Business CorrespondentBusiness, News

Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.The company has recorded sales of 88,287.22 tonnes in H1 FY25 as against 84,218.01 tonnes in H1 FY24, registering a growth of 5% over the same period last year.Rama Steel Tubes is engaged in the business of manufacturing steel pipes and related products.The company reported a 10% decline in consolidated net profit in Q1 FY25…

07 Oct

Samsung India recognizes young innovators in ‘Solve for Tomorrow 2024’ initiative

Business BureauBusiness

Samsung India has announced the winning teams, Eco Tech Innovator and METAL, for the 3rd edition of ‘Solve for Tomorrow 2024’, the company’s flagship national education and innovation competition. While Eco Tech Innovator from Golaghat, Assam, was declared the Community Champion in the School Track, METAL from Udupi, Karnataka, was announced as the Environment Champion in the Youth Track, demonstrating the reach of the programme outside major Indian cities. Eco Tech Innovator, which developed an idea around equitable access to non-contaminated potable drinking water, received a seed grant of INR 25 lakh for prototype advancement. METAL, which developed technology for…

07 Oct

Ujjivan Small Finance Bank secures RBI approval for foreign exchange services

Business BureauBusiness

Ujjivan Small Finance Bank has received a significant boost in its service offerings by securing an Authorised Dealer Category 1 (AD 1) licence from the Reserve Bank of India (RBI). This approval enables the bank to provide a comprehensive range of foreign exchange products and services, marking a pivotal expansion in its operational capabilities. With the AD 1 licence, Ujjivan can now facilitate various Forex transactions, including buying, selling, and borrowing in foreign currencies. The bank plans to offer diverse Forex services under retail banking, MSME/trade finance, and treasury operations. Retail customers will benefit from services such as remittances, FCNR/RFC…

07 Oct

ITC Mangaldeep joins ‘Bohurupi’ as official devotional partner

Business BureauBusiness

ITC Mangaldeep, one of India's leading incense brands, has partnered with the much-anticipated Bengali film Bohurupi as its official devotional partner. In a dual role, Mangaldeep will also serve as the title sponsor for the movie’s music launch. Directed by renowned filmmakers Nandita Roy and Shiboprasad Mukherjee, Bohurupi features a star-studded cast including Abir Chatterjee, Ritabhari Chakraborty, and Koushani Mukherjee. The film is expected to be the biggest release during West Bengal’s Durga Puja festivities. This collaboration marks Mangaldeep's first foray into Bengali cinema, following its successful partnership with Pushpa 2 in the South. Mr. Gaurav Tayal, Chief Executive of…

07 Oct

Mahindra launches ZEO Electric SCV, set to revolutionize urban logistics

Business BureauBusiness

Mahindra Last Mile Mobility Limited (MLMML) has launched the Mahindra ZEO, a pioneering electric small commercial vehicle (SCV) aimed at transforming the sub-2-tonne logistics sector. With an attractive starting price of ₹7.52 lakh, the ZEO features a state-of-the-art 300+ V high-voltage architecture, ensuring superior energy efficiency and a real-world driving range of 160 km. The vehicle’s advanced 30 kW motor delivers 114 Nm of torque, while its liquid-cooled 21.3 kWh battery meets stringent AIS038 safety standards. Notably, the ZEO’s regenerative braking system enhances its driving range, and fast-charging capabilities allow users to gain 100 km in just 60 minutes. Equipped…