Business News Northeast - Latest Business Northeast News & Updates

08 Jul

Samsung India announces Top 100 teams for ‘Solve For Tomorrow’ initiative

Business BureauBusiness

New Delhi, July 8, 2024: Samsung India has announced the selection of 100 teams for its prestigious CSR initiative, 'Solve for Tomorrow'. Aimed at nurturing innovation among India's youth, the initiative has shortlisted 50 teams each from the 'School Track' and 'Youth Track'. These teams will now advance to the regional rounds starting in mid-July. This year's competition has expanded its reach to include remote areas such as Khurda in Odisha, Kachar and Kamrup Rural in Assam, and Amreli in Gujarat. In the Youth Track, focusing on 'environment and sustainability', participants tackled pressing issues like deforestation, plastic waste management, and…

08 Jul

Durex The Birds and Bees Talk launches Rainbow Classrooms Initiative to Promote Gender Inclusivity in Schools

Business BureauBusiness

Reckitt has announced the launch of the Rainbow Classrooms initiative under its Durex The Birds and Bees Talk (TBBT) program, in partnership with Plan India. This initiative aims to transform schools into inclusive, supportive environments by promoting gender inclusivity and fluidity. Through vibrant, rainbow-colored doors and comprehensive gender identity education for teachers, the program seeks to create safe spaces where every student feels valued and respected. The Rainbow Classrooms initiative is a testament of promoting inclusivity, built through painting doors of classrooms in rainbow colours as a reward and recognition for schools and teachers who have been strong advocates of…

08 Jul

Halder Group: A century of nurturing communities and global success

Business BureauBusiness

In a heartwarming tribute to resilience and growth, Halder Group celebrates 100 years of impacting lives and shaping futures since its inception in 1924. Beginning with the B.C. Halder Rice Mill in Birbhum, West Bengal, the company has blossomed into a global force in the rice and oil manufacturing industry. This centenary year marks more than just business milestones for Halder Group—it symbolizes a journey of dedication to community, quality, and innovation. The company's expansion into Ghana, Benin, Cameroon, and Togo last year not only expanded its global footprint but also brought economic opportunities to local communities. Known for brands…

08 Jul

K- India opportunities fund clarifies stance amidst regulatory scrutiny

Business BureauBusiness

K- India Opportunities Fund Ltd. (KIOF), a SEBI registered Foreign Portfolio Investor, addressed ongoing regulatory scrutiny by affirming its compliance with all applicable laws and regulatory requirements. Established in 2013 under the oversight of the Financial Services Commission of Mauritius, KIOF facilitates foreign investments into India while strictly adhering to rigorous KYC procedures for client onboarding. Responding to recent allegations, a spokesperson from Kotak Mahindra International Limited (KMIL), associated with KIOF, clarified that Hindenburg has never been a client nor an investor in the Fund. The statement emphasized that KIOF was unaware of any partnership involving Hindenburg with its investors.…

08 Jul

Samsung opens pre-reservations for Next Galaxy Z Series foldable smartphones

Business BureauBusiness

Samsung, India’s largest electronics brand, has announced the pre-reservation for its next Galaxy Z series foldable smartphones. By paying a token amount of INR 2000 on Samsung.com, Samsung Exclusive Stores, Amazon.in, Flipkart.com, and leading retail outlets across India, consumers can secure early access and special offers worth up to INR 7000 upon purchase. The next-generation Galaxy Z series, set to be unveiled at the Galaxy Unpacked event in Paris on July 10, will feature advanced Galaxy AI technology. “The next frontier of Galaxy AI is coming,” Samsung stated, highlighting the innovative integration of AI into the latest Galaxy Z series…

05 Jul

Mahindra Powerol Launches CPCBIV+ Compliant Diesel Generators in Guwahati

Business CorrespondentBusiness

Joyshree Powerol authorise GOEM in Association with PL Bagri & Co. authorised Sales & Service dealer of Mahindra & Mahindra Ltd, one of the leading diesel generator manufacturers, today announce the launch of its latest CPCBIV+ emission standard compliant range of Diesel Generator sets at Guwahati, Assam. The CPCBIV+ Genset was launched by honourable Mr. Sanjay Jain, Business kleed SR. vp Mahindra Powerol, Mr. Susanta Das, Regional Sales Manager, Mahindra & Mahindra Ltd, Mr. Souvin Das, Area Sales Manager, North East, Mahindra & Mahindra Ltd in presence of Mr. Shyam Agarwalla, Managing Partner, Joyshree Powerol and Mr. Bimal Kumar Bagri,…

04 Jul

Revs up after-sales services to keep West Bengal’s trucks running

Business BureauBusiness

Tata Motors, India’s premier commercial vehicle manufacturer, is amplifying its footprint in West Bengal’s thriving trucking industry with an extensive array of after-sales services aimed at optimizing vehicle uptime and ensuring superior customer satisfaction. Across the state, Tata Motors operates a strategic network of 172 service touchpoints, strategically placed to provide seamless access to genuine spare parts and expert maintenance by highly trained technicians. The Kolkata market stands as a pivotal hub in Tata Motors’ service strategy, benefiting from multiple key service centers strategically positioned to cater to the city’s robust logistics demands. These facilities not only offer essential maintenance…

04 Jul

Tata Motors announces record performance and strategic moves at 79th AGM

Business BureauBusiness

Tata Motors Ltd. held its 79th Annual General Meeting (AGM) today, where Chairman N. Chandrasekaran detailed the company's robust performance in FY24 and outlined strategic initiatives for future growth. Amid global geopolitical turmoil and persistent inflation, Tata Motors has demonstrated resilience, capitalizing on India's growth and stability. The Chairman highlighted the company's alignment with major global shifts, including green mobility, resilient supply chains, and digital acceleration. Tata Motors reported a consolidated revenue of ₹437.9K crore, with a net profit of ₹31.8K crore, marking a significant year-on-year increase. The India automotive business is now debt-free, and JLR is expected to follow…

04 Jul

TKM maintained its strong sales momentum, achieving a 40% growth in June 2024

Business BureauBusiness

Toyota Kirloskar Motor maintained its strong sales momentum, achieving a 40% growth in June 2024 by selling 27,474 units. This includes domestic sales of 25,752 units along with 1,722 units of exports. In May 2023, TKM had sold 19,608 units. The company experienced a 47% growth in sales in the first six months of 2024 compared to the previous year, selling 1,50,250 units from January to June 2024, and 1,02,371 units in the same period in CY 2023. Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “Operating under the brand "Toyota U-Trust” our aim is…

04 Jul

NESFB launches major hiring drive to boost regional employment

Business BureauBusiness

North East Small Finance Bank (NESFB) has announced a significant hiring initiative, aiming to recruit over 200 new employees by September 2024 in its first phase. The recruitment drive spans various locations, including Guwahati, Lakhimpur, Nalbari, Tezpur, Jorhat, Diphu, Dibrugarh, Kokrajhar, Kamrup, Shillong, Siliguri, Agartala, and Aizawl. NESFB is seeking candidates for the roles of Relationship Officer - Assets and Relationship Officer - Liabilities. Candidates with a bachelor's degree and 0-3 years of experience in the banking industry are encouraged to apply. This initiative underscores the bank's commitment to employment generation and skill development in the Northeast. Satish Kumar Kalra,…