Business News Northeast - Latest Business Northeast News & Updates

03 Jul

Kotak Mahindra Bank is expanding its SME business in Kolkata

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Kotak Mahindra Bank has announced plans to significantly expand its SME business in Kolkata, recognizing the city as a critical hub for trade and commerce in Northeast India. Shekhar Bhandari, President-SME, emphasized Kolkata's pivotal role in the bank’s strategic growth plans for the East region. The city's diverse sectors, including iron and steel, biotechnology, coal, leather, jute products, tea, IT, and gems and jewelry, make it a prime focus for the bank's expansion efforts. The East region represents a vital market with significant growth potential for Kotak Mahindra Bank. The bank is committed to expanding its footprint over the next…

03 Jul

DNEG Group Raises $200 Million for Cutting-Edge Visual Entertainment Advancements

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The DNEG Group (“the Group”), the London headquartered world-leader in visual entertainment technology and services, announced that United Al Saqer Group (“UASG”) will make a strategic investment of $200 million in the Group, at a total enterprise valuation in excess of $2 billion.The DNEG Group, a leading provider of visual effects (VFX) services, is set to expand its services to include sector-agnostic content production and AI-powered technology. The investment by UASG will accelerate the group's strategy of innovation and diversification, ensuring continued technology and creative leadership in the rapidly evolving media & entertainment sector. His excellency Ahmed Jasim Al Zaabi,…

03 Jul

Coca-Cola India and Skill India’s super power retailer program empowers 14,000+ retailers in Odisha

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Coca-Cola India, in partnership with the National Skill Development Corporation (NSDC), has empowered over 14,000 retailers in Odisha through the Super Power Retailer Program. Launched by Union Minister Dharmendra Pradhan, the program has revolutionized the state's retail sector, focusing on skill enhancement and economic empowerment. Ved Mani Tiwari, CEO of NSDC, highlighted the program's role in equipping retailers with essential skills tailored to modern market demands. He emphasized its contribution to fostering entrepreneurship and bolstering local economies. Irene Tan, Vice President of Human Resources at Coca-Cola India & Southwest Asia, emphasized the program's inclusive approach, noting its impact on diverse…

03 Jul

Varanasi calls for global innovators to improve crowd flow management

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As part of the Toyota Mobility Foundation’s $9m Sustainable Cities Challenge, Varanasi has launched a global call for innovators to find data-driven solutions to make the city safer for the millions of people who visit every year for pilgrimage. The Varanasi Challenge is looking for solutions that will allow the city to better manage the growing influx of annual visitors, while making the city more accessible for tourists and local residents, particularly older people and people with disabilities. Varanasi is inviting global innovators to develop crowd management solutions for its ancient spiritual center, Kashi, as part of the Sustainable Cities…

03 Jul

Tata Motors’ Nexon and Punch dominate India’s SUV market, hit milestones

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Tata Motors has solidified its dominance in the Indian SUV market with its flagship models, Nexon and Punch. For the third consecutive year, the Nexon has been ranked as the #1 SUV, celebrating its 7th anniversary with a milestone of 7 lakh units sold. The Punch follows closely, securing the #2 spot for FY24 and becoming the top-selling car in March and April 2024. Both models have received prestigious 5-star BNCAP ratings, with Punch.ev being lauded as India’s safest EV. The compact SUV segment, known for its fierce competition, has seen remarkable growth, and Tata Motors continues to lead with…

02 Jul

Rajesh Toyota achieves CII GreenCo gold rating

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Rajesh Toyota, part of Toyota Kirloskar Motor (TKM), has set a significant precedent by clinching the prestigious GreenCo Gold Rating from the Confederation of Indian Industry (CII) Green Business Centre, marking a pioneering feat among Indian automotive dealerships. Rajesh Toyota’s journey to sustainability shines through its robust environmental practices, celebrated under Toyota's ambitious Environmental Challenge 2050. The dealership has excelled in energy efficiency, waste management, and water conservation, leading to a commendable 31.27% reduction in scope 1 and 2 emissions since 2019. Notably, Rajesh Toyota boasts a remarkable 90.5% renewable energy usage and has significantly cut down waste generation per…

02 Jul

Minister Jayant Chaudhary highlights entrepreneurial training at NIESBUD

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Shri Jayant Chaudhary, the Hon'ble Union Minister of State (I/C), Ministry of Skill Development & Entrepreneurship (MSDE), Government of India,visited the National Institute for Entrepreneurship and Small Business Development (NIESBUD) campus and interacted with the various other trainees and trainers under multiple programs. Shri Jayant Chaudhary visited an exhibition featuring products created by jail inmates and successful entrepreneurs who completed EDP training under NIESBUD. The exhibits were displayed during ESDP programs at Lucknow and Varanasi Jail, showcasing the transformative impact of skill development and entrepreneurial training on inmates and reflecting NIESBUD's commitment to promoting entrepreneurship across various sectors. The Minister…

02 Jul

Turkish Airlines triumphs again as ‘Most Sustainable Flag Carrier Airline’ in 2024

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Turkish Airlines, the national flag carrier of Türkiye, continues to set an example in the aviation sector with its pioneering sustainability initiatives. Once again, Turkish Airlines has been honored with the “Most Sustainable Flag Carrier Airline” award by World Finance, marking the prestigious recognition for the third consecutive year. Turkish Airlines is addressing climate crisis challenges by implementing voluntary carbon offset platforms, Sustainable Aviation Fuel (SAF), sustainable in-flight products, waste management practices, and a sustainable travel experience for its passengers. Turkish Airlines has been awarded the Most Sustainable Flag Carrier Airline award for the third consecutive year, demonstrating its commitment…

02 Jul

Magenta Mobility and Tata Motors strengthen alliance with deployment of 100+ Tata Ace EVs

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Magenta Mobility, an integrated electric mobility solutions provider, solidifies its partnership with Tata Motors, India's largest commercial vehicle manufacturer, with the deployment of over 100 units of Tata Ace EV which include over 60 units of Ace EV and over 40 units of the recently launched Ace EV 1000. This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the revolutionary Tata Ace EV. The Ace EV, powered by an EVOGEN powertrain, offers a 7-year battery warranty and a 5-year comprehensive maintenance package. It features a 27kW motor with 130Nm…

02 Jul

FDA approves Altria’s Njoy menthol E-cigarettes

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The FDA has granted approval for the first menthol-flavored electronic cigarettes for adult smokers, authorizing four products from Njoy, recently acquired by Altria. This decision aims to support adult smokers in transitioning from traditional cigarettes, which are linked to 480,000 deaths annually in the U.S. The FDA’s approval marks a significant endorsement for the vaping industry, which claims its products can reduce the harm caused by traditional smoking. Njoy’s menthol e-cigarettes include two reusable cartridge-based products and two disposables. However, parent groups and anti-tobacco advocates have criticized the move, fearing it may exacerbate youth vaping.“This decision could mean we’ll never…