Business News Northeast - Latest Business Northeast News & Updates

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…

29 Aug

LG Electronics launches Life’s Good Scholarship Program to support higher education

Business BureauBusiness

LG Electronics India has announced its flagship CSR initiative, the Life’s Good Scholarship Program, aimed at providing financial support to students across 200 colleges in India. The program, launched at LG’s Corporate Office in Noida, underscores the company's commitment to enhancing educational opportunities, with a special focus on promoting girl child education. The Life’s Good Scholarship Program is designed for students in any academic year of higher education who meet the eligibility criteria of achieving at least 60% in their previous class. The scholarships will be distributed based on need and merit, with 25% reserved for students from modest backgrounds…

29 Aug

Vi extends prepaid validity, offers relief for flood-hit Tripura residents

Business BureauBusiness

In response to the devastating floods in Tripura, telecom operator Vi has announced measures to support affected residents by extending the validity of prepaid services and providing additional talk time and data. This initiative is aimed at ensuring that customers remain connected during this critical time. Vi is offering a 5-day extension of prepaid validity for selected customers in the flood-affected areas. Additionally, to further enhance connectivity, the company is providing 1GB of extra data and free outgoing minutes at no additional cost. These relief measures are effective immediately and target customers in the hardest-hit regions. Vi's network teams are…

28 Aug

LTIMindTree shares jump 8%; Kotak raises stock price target amid Nifty exclusion

Business CorrespondentBusiness, News

Kotak expects LTIMindTree to post revenue growth of 6.5 per cent in FY2025, which could improve from 4.4 per cent in FY2026 to 11 per cent in FY2024 due to improvement in the two largest verticals – BFSI and hi-tech .LTIMindtree, which is one of the stocks to be dropped from the Nifty 50 in the September restructure, saw its shares rise 8 per cent in Wednesday trade after Kotak Institutional Equities upgraded its rating to 'ADD' from 'Reduce' earlier. ' and upgraded its target price. Rs 6,200 from Rs 5,500 earlier, it said, adding that IT major would be…

27 Aug

Tata AIA expands insurance awareness drive in West Bengal

Business BureauBusiness

Tata AIA Life Insurance has taken significant strides to increase insurance awareness and penetration in West Bengal, aligning with the Insurance Regulator's vision of ‘Insurance for All by 2047’. As the leading insurer in the state, Tata AIA has implemented a comprehensive strategy that involves various initiatives to reach a wider audience and promote the benefits of life insurance.One of the company's key strategies has been to organize career opportunity presentations for aspiring life insurance advisors. These events have attracted a significant number of attendees, many of whom have decided to join Tata AIA's agency force. This not only strengthens…

27 Aug

Bank of Baroda raises Rs 5,000 crore through 10-year infra bonds at 7.3%

Business CorrespondentBusiness, News

State-owned Bank of Baroda on Monday inflation Rs 5,000 crore through 10-year infrastructure bonds at a coupon rate of 7.3 percent, according to sources aware of the development.The offering of the bonds, rated AAA by Crisil Ratings, had a base issue size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore and was fully subscribed.A dealer at a state-owned bank said yields on 10-year government securities have fallen, resulting in lower cut-off rates for BoB compared to State Bank of India (SBI), the country's largest lender. Generally, SBI is considered like a barometer for the Indian economy…

26 Aug

Gold price drop in India: Check 22 carat price in your city on August 25

Business CorrespondentBusiness, News

Gold price in India today: On August 25, gold prices in India were around Rs 73,000 per 10 grams. The rate of 24 carat gold of highest purity was Rs 73,040 per 10 grams. For those considering jewellery, 22-carat gold, known for extra durability due to its light alloy mix, was priced at Rs 66,950 per 10 gram.In contrast, the price of silver was Rs 88,000 per kg. retail cost of gold in india The retail price of gold in India, which represents the final cost per unit weight to consumers, is shaped by many factors beyond its intrinsic value.