Business News Northeast - Latest Business Northeast News & Updates

05 Oct

UCO Bank’s total advances increase 18.6% YoY in September quarter

Business CorrespondentBusiness, News

PSU lender UCO Bank on October 4 said its total advances rose 18.56 percent year-on-year to Rs 1.98 lakh crore in the second quarter of the current financial year. Total advances of the bank were Rs 1.93 lakh crore in April-June quarter, and Rs 1.67 lakh crore in the year-ago period. In July-September quarter, domestic advances of the lender rose to Rs 1.74 lakh crore, as compared to Rs 1.67 lakh crore in a quarter ago period and Rs 1.43 lakh crore in the year-ago period. Domestic advances grew 21.68 percent on a yearly basis, and 4.19 percent on a quarterly basis.…

05 Oct

Swiggy launches new 10 mint food delivery services

Banasree SarkarBusiness

Swiggy has introduced a new 10-minute meal delivery service called Bolt in a few cities throughout the country. The service, which seeks to transport meals from prominent eateries within a 2-kilometre radius, is currently available in select cities like Bengaluru, Chennai, Hyderabad, New Delhi, Mumbai, and Pune. Rohit Kapoor Swiggy's head of food delivery stated that Ten years ago Swiggy revolutionized food delivery by reducing average wait times to 30 minutes. Now we're cutting the wait time even further for frequently ordered items." Swiggy has partnered with over 2,700 restaurants, including worldwide names such as KFC, McDonald's, and Starbucks, to…

05 Oct

Royal Stag Water launches festive campaign #CelebrateLarge with Surya Kumar Yadav

Business BureauBusiness

Kicking off the festive fervour in India, Royal Stag Packaged Drinking Water has unveiled new campaign #CelebrateLarge. The campaign showcases how youth want to infuse different festive celebrations with their unique style and energy. The campaign tagline - ‘Generation Large ka Celebration Large,’ elegantly weaves this desire of the young generation with brand’s Live It Large philosophy. The campaign features India’s T20 cricket captain Surya Kumar Yadav and is an engagement-led 360 campaign, including an interactive AI film, an innovative AR-enabled festive canvas and a chance to celebrate with the Indian cricket superstar himself, Surya Kumar Yadav. Conceptualized in association…

05 Oct

ICICI Prudential Life Insurance achieves industry-leading 99.35% claim settlement ratio in Q1-FY2025

Business BureauBusiness

ICICI Prudential Life Insurance has set a benchmark in the life insurance sector by announcing a remarkable claim settlement ratio of 99.35% for the first quarter of FY2025, the highest among all life insurance providers in India. The company efficiently settled death claims totaling ₹381.24 crore during this period, with an impressive average turnaround time of just 1.2 days for non-investigative claims. Mr. Amish Banker, Chief Operations Officer of Customer Service, emphasized the company’s commitment to ensuring financial security for families. He stated, “We process every claim with utmost sensitivity and quickly. Our claim settlement ratio is the best in…

04 Oct

Indusind Bank Q2 business update: Advances inflation 13%, deposits grow 15%

Business CorrespondentBusiness, News

IndusInd Bank on Friday (October 4) released its business update for the quarter ended September 30, 2024. The bank reported a 13% year-on-year (YoY) growth in net advances to ₹3.57 lakh crore from ₹3.15 lakh crore in the corresponding quarter last year.On a quarter-on-quarter (QoQ) basis, net advances grew 3%, standing at ₹3.48 lakh crore in June 2024.Deposits as of September 30, 2024 grew by 15% to Rs 4.13 lakh crore as compared to Rs 3.60 lakh crore in the same period last year.The bank also reported a 4% quarterly growth in deposits, which stood at ₹3.99 lakh crore in…

04 Oct

Indians are going to have more 4 new apple store

Banasree SarkarBusiness

Apple plans to open four more retail outlets in India, one each in Bengaluru, Pune, Delhi-NCR, and Mumbai, the US multinational electronics company revealed on Friday. In April 2023, Apple established its first two stores in India: in Delhi and Mumbai. Apple announced that the iPhone 16 Pro and Pro Max, which are built in India, will be available soon for local users as well as export to "select countries" around the world. Apple began producing iPhones in India in 2017. It now has more than 3,000 employees in India. Apple now manufactures the full iPhone 16 family, including the…

03 Oct

IREDA H1 Business Update: Disbursements gain 56%, loan book nears ₹65,000 crore

Business CorrespondentBusiness, News

State-run Indian Renewable Energy Development Agency (IREDA) Ltd. reported its business update for the April-September period in an exchange filing on Monday evening.For the first half of the current financial year, which ended on September 30, the loans sanctioned by IREDA increased by 303% from last year to ₹17,860 crore from ₹4,437 crore worth of loans that it sanctioned during the same period last year. In terms of disbursements, IREDA disbursed 56% more loans in the period that ended on September 30, compared to the same half last year. The company disbursed loans worth ₹9,787 crore, compared to ₹6,273 crore…

03 Oct

BSA Motorcycles delivers first Gold Star 650 to Arunachal MLA, Oken Tayeng

Business CorrespondentBusiness

BSA Motorcycles, the iconic British brand, has proudly delivered the first BSA Gold Star 650 in North-East India to Mr. Oken Tayeng, Member of the Legislative Assembly, Arunachal Pradesh. Known for his contributions to the development of the state, particularly in improving infrastructure and welfare in his constituency, Mr. Tayeng is now a proud owner of the legendary Gold Star 650. Launched in India on August 15, 2024, the BSA Gold Star 650 is a remarkable combination of classic British design and modern engineering. With a legacy dating back to 1903, the BSA brand has long been a symbol of…

03 Oct

Halder Group: A century of growth and goodness

Business BureauBusiness

Halder Group, a leading rice and edible oil manufacturing company, celebrated its 100th anniversary with a grand gala event. The event brought together industry leaders, business associates, and community members to honor the company's legacy and envision an innovative future. Among the highlights was a thought-provoking panel discussion on the future of agriculture. Industry experts explored the potential for sustainable growth, innovation, and food security in the sector. This discussion held particular significance for the Jalpaiguri, a major agricultural hub in North Bengal. Halder Group's commitment to innovation and sustainability could pave the way for advancements in agricultural practices and…

03 Oct

Ujjivan Small Finance Bank boosts fixed deposit rates to 7.5% for 9-month tenure

Business BureauBusiness

Ujjivan Small Finance Bank has announced an increase in its fixed deposit interest rates, raising the rate for a 9-month tenure to 7.5%, up from the previous 7.0%. This move positions Ujjivan among the top banks offering competitive rates on term deposits. Senior citizens will continue to benefit from an additional 0.50% over the regular rates, ensuring a higher return on their investments. Ujjivan also maintains its attractive rates for longer tenures, offering 8.25% for a 12-month tenure to general customers and 8.75% to senior citizens. Additionally, Platina deposits, available to both individual and non-individual customers, including NR customers, will…