Business News Northeast - Latest Business Northeast News & Updates

03 Sep

Toyota and Union Bank pave the way for the future of vehicle financing

Business BureauBusiness

In a landmark move that signifies a new chapter in vehicle ownership, Toyota Kirloskar Motor (TKM) and Union Bank of India have announced a transformative partnership aimed at reshaping the landscape of vehicle financing. This collaboration introduces up to 90% financing on the on-road price of Toyota vehicles for private use, eliminating traditional barriers such as foreclosure or part-payment charges. The future of mobility is being redefined with the launch of the Union Vehicle Scheme and the Union Parivahan Scheme. The Union Vehicle Scheme offers flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum,…

03 Sep

LPG price hike: OMC increased the prices of 19 kg commercial LPG cylinder by Rs 39 from September 1. The current price in Delhi is Rs 1,691

Business CorrespondentBusiness, News

Oil marketing companies (OMCs) have increased the price of 19 kg commercial LPG cylinder by Rs 39 from September 1. After this hike, the retail price of a 19 kg commercial LPG cylinder in Delhi is now Rs 1,691.50.The sudden inflation in LPG prices is likely to impact businesses across sectors ranging from restaurants and hotels to small-scale industries as consumers grapple with increasing costs.Earlier, OMC had reduced commercial LPG gas cylinder prices by Rs 30 on July 1 to provide relief to businesses and commercial establishments. Due to this cut, the retail price of 19 kg commercial LPG cylinder…

02 Sep

Air India Express adds Agartala as Its 46th destination, launches five new routes

Business BureauBusiness

Air India Express has further expanded its network by introducing Agartala, the capital of Tripura, as its 32nd domestic destination. The airline launched daily direct flights from Agartala to Guwahati and Kolkata, along with new routes connecting Hyderabad to Guwahati, Bengaluru to Vijayawada, and Bengaluru to Indore, all of which commenced operations on Sunday. The addition of Agartala strengthens Air India Express’s presence in the northeastern region, providing 14 weekly flights from the city with convenient one-stop connections to major hubs like Delhi, Chennai, and Bengaluru. Kolkata plays a pivotal role in this expansion, with Air India Express now operating…

02 Sep

HDFC ERGO rolls out crop insurance scheme in Tripura for Kharif season

Business BureauBusiness

HDFC ERGO General Insurance Company, a prominent player in India's insurance sector, has been selected by the Government of Tripura to roll out the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Kharif 2024 season. The scheme will provide comprehensive crop insurance for loanee and non-loanee farmers in the districts of Dhalai, Gomati, Khowai, South Tripura, and others, offering financial protection against a spectrum of agricultural risks. Under this initiative, Aman paddy, the primary crop in these districts, will be insured for ₹85,922 per hectare, with a farmer contribution rate of 2%. The cut-off date for enrollment is August 31,…

31 Aug

Byatikram to celebrate Bhupen Hazarika’s 98th birth anniversary in Tripura

Business BureauBusiness

Byatikram to celebrate Bhupen Hazarika's 98th birth anniversary in Tripura Byatikram MASDO, one of the premiere socio-cultural organization in collaboration with the Information and Cultural Affairs Department of the Government of Tripura and News Bengal 365 is all set to celebrate the 98th birth anniversary of Bharat Ratna Dr. Bhupen Hazarika in Agartala, Tripura. The event will start at 5 pm on September 7 at the Town Hall of Agartala. To announce the same, a press meet was organized on August 31 at Gauhati Press Club, Ambari in presence of Singer Samar Hazarika, Dawor Hazarika, Jayati Bhattacharjee, Pranita Talukdar, Tanisha…

31 Aug

Bank credit growth expansion to 15.1% by July, deposits lag: RBI

Business CorrespondentBusiness, News

According to the RBI, growth in credit card outstanding slowed to 22 percent to Rs 2.75 lakh crore from 32.4 percent a year ago.Non-food bank credit is projected to grow 15.1 percent by July 2024 to Rs 162.92 lakh crore by July 2024, compared to 14.7 percent a year ago, according to the latest RBI data.However, RBI data showed that banks' deposit growth slowed by 11.3 percent to Rs 213.28 lakh crore. With deposit growth slowing, banks are racing to raise funds through special deposit schemes and other innovative schemes to meet the credit demand in the system. Many banks…

31 Aug

Tata AIA’s Sampoorna Raksha promise: A lifeline for families in times of need

Business BureauBusiness

Tata AIA Life Insurance has introduced a revolutionary term insurance plan, Sampoorna Raksha Promise, designed with heartfelt consideration for families facing life's unexpected challenges. This new plan goes beyond standard insurance, offering tangible support and peace of mind when it’s needed the most. Imagine the comfort of knowing that, in the event of a loved one’s death, your family will receive an immediate payout of INR 3 lakhs to cover urgent expenses. Sampoorna Raksha Promise ensures this vital support, along with a unique feature that provides 50% of the base sum assured if diagnosed with a terminal illness, all while…

30 Aug

Bandhan Bank contributes to Tripura flood relief fund

Business BureauBusiness

Bandhan Bank has stepped up to support Tripura's flood relief efforts with a contribution to the Chief Minister's relief fund. The donation was formally presented in a ceremony attended by Dr. Manik Saha, the Hon'ble Chief Minister of Tripura, alongside senior officials from the bank. The bank's gesture comes in response to the severe flooding that has impacted various parts of the state, causing widespread damage and displacement. This financial aid is aimed at bolstering the ongoing recovery and rehabilitation efforts, providing essential support to affected communities. In a statement, a Bandhan Bank spokesperson said, "Our contribution reflects our commitment…

30 Aug

ICICI Prudential Life Insurance AUM surpasses Rs 3 lakh crore milestone

Business BureauBusiness

ICICI Prudential Life Insurance Co. Ltd. has reached a landmark achievement, with its Assets Under Management (AUM) soaring past the ₹3 lakh crore mark, standing at ₹3.14 lakh crore as of July 31, 2024. This milestone underscores the company’s consistent growth and the deep trust customers place in its financial products. Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, expressed his pride in this accomplishment, stating, "This milestone is a testament to our customers' confidence in our ability to secure their financial futures. Our focus on simplifying life insurance and maintaining a stringent investment philosophy has driven…

29 Aug

Indian snacks maker Bikaji says it is ‘not for sale’ amid investor interest in Indian snacks market

Business CorrespondentBusiness, News

Indian snacks maker Bikaji Foods is "not for sale" and is instead aiming to capitalize on the growing appetite for gourmet brands in the world's most populous country, a top executive told Reuters.The Indian salty snacks sector has grown rapidly in recent years as consumers increasingly splurge on packaged foods.“Bikaji is not for sale. No matter what price anyone offers, there are few things that are not for sale,” Chief Operating Officer Manoj Verma had said that earlier this month, without disclosing whether the company had received buyout offers.His comments came after India's Tata Group and a consortium including Blackstone…