Business News Northeast - Latest Business Northeast News & Updates

06 May

Azad Engineering share price upsurge 7.7% on ₹452 crore order from GE Vernova

Business CorrespondentBusiness, News

Shares of Azad Engineering jumped over 7% on Monday after it announced a major order from GE Vernova. The stock gained 7.7% on the NSE to close at ₹1,659 per share. Azad Engineering has signed a long-term supply agreement with GE Steam Power GmbH through its GE Vernova Power business based in Baden, Switzerland. The agreement is for the manufacture and supply of highly engineered and complex rotating and fixed airfoils for advanced nuclear, industrial and thermal power industries, meeting the global demand for GE Vernova in power generation and essential industries. This current phase of the contract, valued at…

05 May

Indian Bank’s fourth quarter profit gain 32 percent to Rs 2,956 crore

Business CorrespondentBusiness, News

New Delhi, State-owned Indian Bank on Saturday reported that its net profit for the March 2024-25 quarter rose 32 percent to Rs 2,956 crore, led by reduction in bad loans and rise in core income.The Chennai-based lender had reported a net profit of Rs 2,247 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 18,599 crore from Rs 16,887 crore a year ago, Indian Bank said in a regulatory filing.Interest income rose to Rs 15,856 crore from Rs 14,624 crore in the fourth quarter of the previous fiscal. Net interest income (NII)…

03 May

Toyota Kirloskar Motor strengthens road safety push, reaches over 10 lakh across India

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has reaffirmed its long-term commitment to road safety in India, announcing that its structured awareness and innovation-driven initiatives have impacted over 10 lakh individuals across the country. Central to this effort is the Toyota Safety Education Program (TSEP), launched in 2007, which targets school children from classes 5 to 9 under the theme “Road Safety – My Right, My Responsibility.” TSEP, driven by a three-phase model and active in cities like Bangalore, Delhi, and Mumbai, has reached nearly 9.3 lakh students through road safety skits, poster competitions, and school clubs. Over 1,600 educators have been trained…

03 May

Medanta has ramped up its healthcare outreach in Northeast India

Business BureauBusiness

In a bid to curb rising diabetic foot amputations and complications from varicose veins in Northeast India, Medanta Hospital organized a press conference in Guwahati, led by Dr. Rajiv Parakh, Chairman of Peripheral Vascular and Endovascular Sciences, Medanta Gurugram. The event spotlighted the alarming connection between diabetes and vascular disease, and promoted early intervention and minimally invasive treatments. Dr. Parakh stressed that uncontrolled diabetes can lead to peripheral artery disease (PAD), poor wound healing, and foot ulcers, increasing the risk of amputation. He also noted that varicose veins, often overlooked as cosmetic, can cause serious complications like bleeding and ankle…

03 May

BSV leads snakebite awareness campaign, focuses on 4A’s for better treatment and prevention

Business BureauBusiness

With the monsoon season heightening the risk of snakebites, Bharat Serums and Vaccines Limited (BSV), a Mankind Group Company, has stepped up its initiatives to combat the growing health crisis, especially in rural areas. As the leader in high-quality snake antivenom for over two decades, BSV is focusing on the 4A’s of Awareness, Accessibility, Availability, and Action to ensure timely and appropriate treatment. Sivani Sarma Deka, COO of India Business at BSV, emphasized, "We believe it is our responsibility to ensure the right treatment is administered at the right time and place. Our efforts are centered around forging multi-sectoral collaborations,…

03 May

Bandhan Bank sees 11% growth in total business, reaches Rs. 2.88 lakh crore

Business BureauBusiness

Bandhan Bank has reported a solid 11% growth in total business for the fiscal year 2024-25, reaching Rs. 2.88 lakh crore. The bank’s performance was buoyed by a 12% increase in total deposits, which now stand at Rs. 1.51 lakh crore. The bank’s robust retail deposit share has also surged, accounting for nearly 69% of total deposits. During the fourth quarter of FY25, Bandhan Bank witnessed a healthy growth in its loan book, rising by nearly 10% year-on-year to Rs. 1.37 lakh crore. The bank’s Current Account and Savings Account (CASA) ratio remained strong at 31.4%, reflecting the efficient mobilization…

03 May

Gold futures prices inflation: Price rises to Rs 92,811 per 10 grams

Business CorrespondentBusiness, News

New Delhi, May 3: Gold prices on Friday rose by Rs 472 to Rs 92,811 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 472, or 0.51 percent, to Rs 92,811 per 10 grams in a business turnover of 14,987 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.68 percent to $3,261.31 an ounce.

02 May

Ujjivan Small Finance Bank Q4 profit reduce 75% to ₹83 crore, shares down 3%

Business CorrespondentBusiness, News

Ujjivan Small Finance Bank (SFB) on Wednesday reported that its net profit for the three months ended March 2025 fell 75% to ₹83.39 crore, due to higher provisions for bad loans.The bank had posted a net profit of ₹329.63 crore in the same period a year ago.Its total income rose to ₹1,843 crore in the January-March quarter of financial year 2024-25 (FY25) from ₹1,765 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing.Total provisions excluding tax rose to ₹264.50 crore in the quarter under review from ₹79 crore in the same quarter…

02 May

Britannia Marie Gold launches Season 2 of Her Start-Up show to empower women entrepreneurs

Business BureauBusiness

Britannia Marie Gold, in collaboration with GroupM Motion Entertainment and Mindshare, has launched Season 2 of its acclaimed reality series Her Start-Up Show, dedicated to women entrepreneurs across India. Streaming exclusively on JioHotstar since April 19, the series features 40 finalists competing for the coveted ₹10 lakh Golden Grant. Season 2 builds on the success of its nationwide Her Start-Up Contest launched in July 2024, which attracted over one lakh entries. After rigorous training and shortlisting, 40 participants from cities like Indore, Aurangabad, Jammu & Kashmir, and Coimbatore are pitching innovative ideas across sectors including food, fashion, sustainability, and tech.…

02 May

CMF by Nothing launches innovative products, targets India’s evolving tech savvy consumers

Business BureauBusiness

CMF, the sub-brand of the London-based technology giant Nothing, has launched its highly anticipated second-generation devices—CMF Phone 2 Pro, Buds 2, Buds 2 Plus, and Buds 2a. Following a significant 156% year-on-year growth in Q1 2025, as reported by Counterpoint Research, CMF aims to expand its presence in India’s competitive consumer electronics market. The CMF Phone 2 Pro features an advanced 50 MP camera system, MediaTek Dimensity 7300 Pro 5G processor, and a 5000 mAh battery, ensuring superior performance and efficiency. With prices starting at INR 17,999, the phone is designed to cater to a wide range of consumers looking…