Business News Northeast - Latest Business Northeast News & Updates

15 Jun

SBI flourish MCLR by 10 bps for all tenors

Business CorrespondentBusiness, News

State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) for all tenors. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the key policy rate unchanged.This move is likely to be followed by other lenders, resulting in loans becoming costlier for borrowers.The country's largest lender has revised the one-year MCLR from 8.65 percent to 8.75 percent. Overnight MCLR has been increased from 8 percent to 8.1 percent. One and three month MCLR has been increased to 8.3 percent from earlier 8.2 percent.The revised…

15 Jun

MAGGI empowers culinary creativity; 10 women win big in Apna Food Business 2024

Business BureauBusiness

MAGGI has announced the victorious participants of its second MAGGI Apna Food Business initiative, showcasing the entrepreneurial prowess of ten talented women across India. Priyanka Kundu Biswas of Kolkata emerged as a standout, impressing judges with her innovative approach to food content creation. The program, aimed at nurturing aspiring food entrepreneurs, attracted over 20 million hopefuls nationwide. More than 50,000 individuals benefited from intensive training led by industry luminaries such as Kabita Singh, Madhura Bachal, Teja Paruchuri, and experts from YouTube and META. After rigorous competition, each of the ten winners received Rs. 5 Lakhs in seed capital to jumpstart…

15 Jun

Toyota Kirloskar Motor announces T-TEP Facility and STAR Scholarship Program at The Government Polytechnic, Bareilly

Business BureauBusiness

Toyota Kirloskar Motor [TKM] announced the launch of the 66thToyota Technical Education Program (T-TEP) facility and the “Scholarship program for Technical Education and Recognition” [STAR] initiative under T-TEP at institute at The Government Polytechnic, Bareilly, in line with its 'Skill India' mission. The primary objective of these initiatives is to improve the skills of students, particularly those from rural areas, and increase their employability through the company's unique training program, the Toyota Technical Education Program (T-TEP). The launch event was graced by Chief Guest Mr. D C Verma, Member of Legislative Assembly, Government of Uttar Pradesh, in the presence of…

15 Jun

Kotak Mahindra Life Insurance Company Ltd announced the launch of its new protection plan Kotak Gen2Gen Protect

Business CorrespondentBusiness

Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) announced the launch of its new protection plan Kotak Gen2Gen Protect. This product offers an industry-first feature with an option of covering two generations with one plan, thus passing on the legacy of protection. Coming with a 100% guaranteed return of premium benefit on survival, Kotak Gen2Gen Protect offers a flexibility of transferring the complete risk cover to the child, when the parent (primary life insured) turns sixty or sixty-five years of age. Addionally, this risk cover stays on with the child till the age of sixty. The product also offers comprehensive…

15 Jun

MSDE Minister Jayant Chaudhary Conducts Comprehensive Review of Ministry’s Divisions and Schemes

Business BureauBusiness

The Hon’ble Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship (MSDE), Shri Jayant Chaudhary conducted a comprehensive review of all the ongoing Ministry’ schemes and its various divisions. He participated in the immersive session to gain a deep understanding of the operations of various MSDE divisions, their achievements, and the challenges they face. This engagement provided valuable insights into enhancing the Ministry's strategic approach and future roadmap towards skill development. Elaborating on the necessity of a unified effort to ensure the successful implementation and expansion of skill development initiatives across the nation, Shri Jayant Chaudhary…

15 Jun

Assam CM aims to enhance state’s power generation capacity & reduce reliance on purchases

editorAssam, Business

Assam Chief Minister Himanta Biswa Sarma in a joint venture with the Assam Power Generation Corporation and Oil India Limited has laid the foundation stone for a 25-MW solar power generation project at Namrup Thermal Power Station in Dibrugarh district. According to the sources, the project will span 108 acres and is expected to cost Rs. 115 crore. The project aims to produce 50 million units of electricity annually. And expected to be completed by July 2025. Assam Chief Minister Himanta Biswa Sarma said, "The state produces only 419 MW of power, necessitating the purchase of around 2,100 MW daily.…

14 Jun

Tata Motors drives safety innovation: Punch.ev and Nexon.ev earn coveted 5-star ratings

Business BureauBusiness

Tata Motors, at the forefront of India's electric vehicle (EV) revolution has achieved significant acclaim with its Punch.ev and Nexon.ev models securing coveted 5-star safety ratings from Bharat-NCAP. These accolades underscore Tata's unwavering commitment to pioneering safety standards in the automotive industry. Punch.ev, the latest addition to Tata's EV portfolio, achieved record-breaking scores of 31.46/32 for adult occupant protection (AOP) and 45/49 for child occupant protection (COP), marking it as the highest scorer ever recorded by Bharat-NCAP. Meanwhile, Nexon.ev demonstrated stellar safety performance with scores of 29.86/32 for AOP and 44.95/49 for COP, reinforcing Tata Motors' reputation for delivering robust…

14 Jun

Samsung launches Galaxy Watch FE, elevates health monitoring and style

Business BureauBusiness

Samsung Electronics announced the release of Galaxy Watch FE, a new addition to the Samsung smartwatch lineup designed to extend Samsung’s advanced and holistic wellness experience to even more users. Incorporating the groundbreaking hardware performance and advanced health and fitness monitoring features of Galaxy Watch, the Galaxy Watch FE features a stylish design and durable design. This new smartwatch is ideal for those looking to begin their journey to improve their overall wellness with comprehensive insights. The Galaxy Watch FE, available in three colors (Black, Pink Gold, and Silver), offers a stylish and durable device with a Sapphire Crystal glass…

13 Jun

Jayant Chaudhary assumes MSDE leadership, promises corporate-grade skill enhancement

Business BureauBusiness

Jayant Chaudhary, the newly appointed Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship (MSDE), has officially commenced his tenure with a vow to revolutionize India's skill landscape. At a ceremony held at Kaushal Bhawan, New Delhi, Shri Chaudhary was warmly welcomed by Shri Atul Kumar Tiwari, Secretary of MSDE, marking the initiation of an ambitious agenda to elevate India's workforce to global standards. In his inaugural speech, Shri Chaudhary articulated a vision of corporate-grade skill enhancement, echoing the aspirations of Prime Minister Narendra Modi's vision for a 'Viksit Bharat.' Emphasizing the critical importance of empowering…

13 Jun

Retail inflation lapse to 12-month low of 4.75% in May

Business CorrespondentBusiness, News

Retail inflation fell to a one-year low of 4.75% in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. Consumer Price Index (CPI) based retail inflation stood at 4.83 percent in April 2024 and 4.31% in May 2023 (previous low). According to data released by the National Statistical Office (NSO), inflation in the food basket stood at 8.69% in May, slightly lower than 8.70% in April. A headline price increase has seen a gradual decline since February 2024, albeit in a narrow range from 5.1% in February to 4.8% in April 2024. The…