Business News Northeast - Latest Business Northeast News & Updates

15 Oct

JSW Infra shares growth 3%, Nuvama initiates ‘buy’ on strong prospects

Business CorrespondentBusiness, News

Shares of JSW Infrastructure made a positive debut on the stock markets on October 15, rising 3 percent to Rs 329 after Nuvama Institutional Equities initiated coverage with a 'buy' call, emphasising on the upside citing multiple levers for growth.With a target price of Rs 390, the domestic brokerage estimates an upside potential of 22 per cent from its previous close of Rs 319 on NSE. JSW Infra shares have gained 53 per cent since the beginning of the year.Nuwama says JSW Infra, as the second-largest private port operator in a steadily growing industry, is set to benefit from strong…

14 Oct

Bajaj Auto Q2 preview: Strong volumes, rich product mix may drive revenue jump 23%

Business CorrespondentBusiness, News

Pune-headquartered Bajaj Auto Ltd is set to release its earnings report for the second quarter of FY 2025 on October 16. Increase in volumes and diversified product mix are expected to drive the company's sales to double-digit growth rate on a year-on-year basis.According to a Moneycontrol poll of eight brokerage firms, the Triumph maker is projected to report a 23 per cent year-on-year growth in revenue to reach Rs 13,266 crore. Net profit is estimated to rise 21 per cent to Rs 2,227 crore from Rs 1,836 crore in the same quarter last fiscal.Earnings estimates of analysts surveyed by Moneycontrol…

10 Oct

ENO kick started its Durga puja campaign ‘ENO Chewy Bites’

Business BureauBusiness

As the festive season approaches, ENO, India’s leading antacid brand, kick started its Durga puja campaign centred around its latest offering ENO Chewy Bites. Designed to tackle acidity on the go, the campaign ensures that people can fully enjoy the festive feasting without any interruptions. Durga Puja in Bengal is a cultural phenomenon where food and festivities go hand in hand. It’s a time to indulge in both visual and culinary delights, bonding with loved ones while savouring the best of festive food. At the heart of this campaign is ENO’s belief that food is a celebration, and no one…

09 Oct

RBI projects 7.2% GDP growth for FY25, CPI jump expected to ease to 4.5%

Business CorrespondentBusiness, News

The Reserve Bank of India (RBI) has projected real GDP growth of 7.2% for FY 2024-25 after the Monetary Policy Committee (MPC) meeting held on Wednesday, along with an expected moderation in Consumer Price Index (CPI) inflation to 4.5%.RBI Governor Shaktikanta Das said that GDP growth is expected to be 7% in the second quarter, which will increase to 7.4% in the third and fourth quarters. Growth is projected to be 7.3% in the first quarter of the next financial year (2025-26), with risks evenly balanced across various economic indicators.Das stressed that this growth momentum is supported by strong quarterly…

09 Oct

Hyundai Motor India Limited sets IPO price band at Rs 1,865-Rs 1,960, opens October 15

Business BureauBusiness

Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report, proposes to open its initial public offering of Equity Shares (“Offer”) on Tuesday, October 15, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Monday, October 14, 2024. The Bid/ Offer Closing Date is Thursday, October 17, 2024. The Price Band of the Offer has been fixed from ₹ 1,865 per Equity Share to ₹ 1,960 per Equity…

09 Oct

Kingfisher brings Oktoberfest fever to India with ‘Mug It Up!’ campaign across 40+ cities

Business BureauBusiness

Kingfisher, India’s iconic beer brand, is all set to bring the Oktoberfest spirit to Indian shores with its 'Kingfisher Oktoberfest – Mug It Up!' campaign. This nationwide celebration spans over 40 cities and will showcase a unique blend of German tradition and local flair. The flagship event, Kingfisher OctoBeer Fest, will be held in Bengaluru on October 19-20, headlined by popular artists like Jasleen Royal and Raftaar. The two-day festival promises an immersive experience with a Bavarian-style beer garden, food pop-ups, exclusive merchandise, and much more. As part of the ‘Mug It Up!’ campaign, Kingfisher will also be featured at…

09 Oct

SBI General Insurance launches ‘SBIG Health Super Top-Up’ to address rising medical costs

Business BureauBusiness

SBI General Insurance, one of India's leading General Insurance companies announces the launch of ‘SBIG Health Super Top-Up’, a health insurance top-up plan designed as an economical and affordable option supplementing over and above the basic health insurance policy. The product offers versatility for individuals seeking insurance to enhance their existing policy - by seamlessly complementing any existing health insurance policy from any provider, whether corporate or personal. It enables customers to customize their coverage to suit their specific needs, ensuring a convenient and hassle-free experience. With lifestyle diseases on the rise and medical inflation escalating at approximately 14% in…

08 Oct

Crude oil futures increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Oct 8 (PTI) Crude oil prices on Monday rose by Rs 67 to Rs 6,406 per barrel in futures trade as traders widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for October delivery rose by Rs 67, or 1.06 percent, to Rs 6,406 per barrel in a business turnover of 14,534 lots.Analysts said crude oil prices rose in futures trade as participants increased their deals.Globally, West Texas Intermediate crude prices inflation 2.70 percent to USD 76.39 per barrel in New York, while Brent crude prices expansion 2.40 percent to USD 79.92 per barrel.

08 Oct

Ground-breaking report reveals rich mammal diversity in Tripura’s protected areas

Business BureauBusiness

In a significant step for wildlife conservation, The Habitats Trust, in collaboration with the Vivek PARC Foundation and the Tripura Forest Department, has released the pioneering report titled “Status of Mammals in the Protected Areas of Tripura: A Rapid Assessment.” This comprehensive survey showcases the remarkable mammalian biodiversity within Tripura’s protected regions, emphasizing the need for science-based conservation efforts. Conducted from January to April 2024, the study utilized camera traps across several key areas, including Sepahijala Wildlife Sanctuary and Gumti Wildlife Sanctuary. Notably, the report presents the first-ever camera-trap images of the elusive Ferret Badger, alongside findings of the leopard…

08 Oct

Ujjivan Small Finance Bank reports 17% growth in deposits for Q2 FY25

Business BureauBusiness

Ujjivan Small Finance Bank (USFB) has reported a significant 17% year-on-year (YoY) growth in total deposits for the quarter ending September 30, 2024, reaching ₹34,046 crore. This represents a 5% increase over the previous quarter (Q1 FY25), showcasing strong momentum in the bank’s deposit base. The CASA (Current Account Savings Account) book saw an impressive 26% YoY growth, now standing at ₹8,822 crore, contributing to a CASA ratio of 25.9%. The bank’s Gross Loan Book also recorded a 14% YoY growth, now at ₹30,344 crore. Affordable housing continued to be a key driver of growth, with disbursements in this segment…