Business News Northeast - Latest Business Northeast News & Updates

06 Jun

Toyota Kirloskar Motor has launched ‘Toyota Environment Month’

Business BureauBusiness

In a bid to champion environmental consciousness and advocate for a greener future, Toyota Kirloskar Motor (TKM) has launched its 'Toyota Environment Month' coinciding with the World Environment Day. Dedicated to nurturing eco-awareness, TKM's month-long initiative throughout June 2024 aims to align with the Toyota Environmental Challenge 2050 (TEC 2050), under the theme "Unite for Responsible Resource Consumption Towards Becoming Global No.1".Embracing the United Nations Environment Programme's call for action on Land Restoration, Desertification, and Drought Resilience, TKM sets forth a multifaceted approach. With a focus on water management and ecosystem revival, the company endeavors to amplify environmental stewardship. Over…

06 Jun

Creating history in the test preparation sector, 21 Aakash Educational Services Limited’s students become Highest NEET scorers nationally

Business CorrespondentBusiness

A whopping 21 Students of Aakash Educational Services Limited (AESL), the undisputed national leader in test preparation services, have created history by securing rank AIR 01 in NEET UG examination 2024 by scoring 720/720 each. Out of these 21, 14 are Classroom Students and others are from Aakash’s Distance Learning Programme (DLP). The results were announced by the National Testing Agency (NTA). This is a feat that is unparalleled in the test preparation sector. Aakashians who have secured the AIR 01 are Mridul Manya Anand, Ayush Naugraiya, Akshat Pangaria ,Aditya Kumar Panda ,Arghyadeep Dutta ,Saksham Agrawal, Sujoy Dutta , Aryan…

05 Jun

Sensex up 2.46% in morning trade, Nifty boost 560 points

Business CorrespondentBusiness, News

A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade. At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of 72,079.05. After opening with a gain of 243.85 points or 1.11%, the broader Nifty also jumped 2.56% or 560.5 points to hit an intraday high of 22,445. On Wednesday, the Sensex closed 4,389.73 points or 5.74% lower at 72,079.05, and the Nifty 50 fell 1,379.4…

04 Jun

Domestic passenger vehicle sales set to exceed 5mn; Tata Motors set to tap growth opportunity

Business BureauBusiness

Domestic passenger vehicle segment is expected to cross the 50 lakh-mark of annual sales over the next few years and Tata Motors is geared up to tap into this growth opportunity, according to Tata Group Chairman N Chandrasekaran. In a message to the company's shareholders in Annual Report for 2023-24, Tata Group Chairman N Chandrasekaran stated, “India is well on track to exceed the 5 million vehicle sales mark in passenger vehicles over the next few years from the 4.1 million volumes clocked last year”. Tata Motors is planning to focus on vehicle parc linked businesses, such as spares and…

04 Jun

Samsung kicks off ‘Big TV Days’ sale with exciting offers amid T20 Cricket World Cup

Business BureauBusiness

Samsung, India's largest consumer electronics brand, has announced exclusive deals on its high-end Neo QLED, OLED, and Crystal 4K UHD TVs. The ‘Big TV Days’ offers have been introduced for the T20 Cricket World Cup to enhance users’ entertainment experience by truly bringing the stadium home. Samsung is bringing the transformative power of Artificial Intelligence (AI) in home entertainment to improve consumers’ lifestyles and offer exceptional viewing experiences. Samsung TVs purchased during 'Big TV Days' will offer customers a free Serif TV worth INR 89990 or a Soundbar worth INR 79990, depending on the TV purchased. Customers can also avail…

04 Jun

Tata Motors sees modest growth in May 2024 sales

Business BureauBusiness

In May 2024, Tata Motors Limited's sales in both domestic and international markets increased to 76,766 vehicles, a significant increase from May 2023 sales of 74,973 units. The domestic sales performance showed a 2% increase from May 2024 to May 2023, with total sales of 75,173 and 73,448 respectively. With 28,476 cars sold in May 2024 compared to 27, in May 2023, there was a 3% rise in the rate of growth for domestic commercial vehicles between May 2024 and May 2023. The total sales of commercial vehicles in May 2024 and May 2023 were 29,691 and 28,989 respectively, indicating…

04 Jun

The School of Livelihood and Rural Development – YesEarth, in collaboration with the Pollution Control Board, Assam

Business CorrespondentBusiness

The School of Livelihood and Rural Development - YesEarth, in collaboration with the Pollution Control Board, Assam, is pleased to announce the successful conclusion of the North East Sustainable Business and Entrepreneurship Conclave held on June 2, 2024. The event, part of the Golden Jubilee celebrations of the Pollution Control Board, Assam marked a significant milestone in fostering sustainable business practices and addressing environmental challenges. Event Highlights: The conclave, held at Taj Vivanta, Guwahati, brought together over 300 business leaders, entrepreneurs, policymakers, and sustainability advocates. The one-day event featured keynote addresses, expert panels and discussions focused on sustainable business practices,…

04 Jun

Toyota Kirloskar Motor sales surge 24% in May 2024

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has reported impressive sales figures for May 2024, marking a 24% increase year-over-year. TKM sold 25,273 units in May 2024, up from 20,410 units in the same month last year. Domestic sales accounted for 23,959 units, while exports contributed an additional 1,314 units. The company’s strong performance extends beyond May, with a 23% increase over April 2024’s sales of 20,494 units. Furthermore, TKM has seen a remarkable 48% surge in total sales for the first five months of 2024, reaching 1,22,776 units compared to 82,763 units during the same period in 2023.Mr. Sabari Manohar, Vice President…

04 Jun

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% rise up year-on-year

Business CorrespondentBusiness, News

Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year. The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and…

03 Jun

Mandeep Singh Kumar appointed as the new Vice President of Medtronic India

Business BureauBusiness

India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc announced the appointment of Mandeep Singh Kumar as the new Vice President and Managing Director of India Medtronic Pvt. Ltd., beginning May 2024. He succeeds Michael Blackwell who has moved back to the US to pursue new opportunities. Assuming this position, he will oversee sales, marketing, and commercial operations for Medtronic’s business in India. Mandeep Singh Kumar, with over 25 years of experience, has successfully led growth and business transformations in healthcare, pharmaceutical, and med-tech sectors. His expertise includes strategy development, execution, commercial excellence, and team building. He served…