Business News Northeast - Latest Business Northeast News & Updates

30 May

Akasa Air started flight operations between Gorakhpur, Delhi and Bengaluru from May 29

Business CorrespondentBusiness

Akasa Airline has started direct flights connecting Gorakhpur with Delhi and Bengaluru. Apart from Gorakhpur, the airline, which began flying in August 2022, flies to four other cities in Uttar Pradesh -- Ayodhya, Varanasi, Lucknow, and Prayagraj. The inaugural flight from Gorakhpur to Delhi started on Wednesday(May 29), the airline said in a release on Thursday. Recently, Akasa Air started international services and at present, it has flights to Doha and Jeddah.

30 May

RBI balance sheet to growth 11.07% to Rs 70.47 lakh Crore in FY2024

Business CorrespondentBusiness, News

The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by 13.9 per cent, 18.26% and 30.05% respectively, the RBI said in its annual report for 2023-24.As of March 31, 2024, domestic assets stood at 23.31%, while foreign currency assets, gold (including gold and gold deposited in India) and loans and advances given to financial institutions…

30 May

Dr. Rashmi Saluja receives International Buddha Peace Award at Myanmar Embassy ceremony

Business BureauBusiness

Dr. Rashmi Saluja, the Executive Chairperson of Religare Enterprises and Chairperson of GTTCI (Global Trade & Technology Council India), has been conferred with the prestigious International Buddha Peace Award. The accolade was presented during the 'Mahasaddhammajotikadhaja' Title conferring Ceremony at the Myanmar Embassy in New Delhi, a testament to Dr. Saluja's outstanding contributions to fostering peace and global harmony. The award ceremony, graced by the presence of His Excellency Mr. Moe Kyaw Aung, Ambassador of the Republic of the Union of Myanmar to India, underscored the significance of Dr. Saluja's endeavors in promoting peace amid the complexities of our modern…

29 May

Samsung’s ‘Solve for Tomorrow’ introduces first ever design thinking & training workshop

Business BureauBusiness

Samsung, India’s largest consumer electronics brand, has introduced the first ever design thinking & training workshop in select schools across the country. This unique initiative, part of Samsung’s ‘Solve for Tomorrow’ programme, focuses on enhancing essential skills such as problem-solving, critical thinking, probing, and creativity among students through the Human-Centered Design Thinking framework. The national education and innovation competition aims to foster a culture of innovation amongst the next generation. The one-day workshop, tailored for India, aims to instill design thinking in students, encouraging them to identify and solve real-world problems. As part of the academic curriculum, Human-Centered Design Thinking…

29 May

Indian Railway Catering and Tourism Corporation Q4 results live: Profit up 1.93% YoY

Business CorrespondentBusiness, News

Indian Railway Catering and Tourism Corporation Q4 Results Live: Indian Railway Catering and Tourism Corporation announced its Q4 results on May 28, 2024. Topline increased by 19.66% and profit increased by 1.93%. Revenue increased 3.26% and profit decreased 5.27% compared to the previous quarter.Operating income decreased by 2.97% quarter-on-quarter and increased by 4.56% year-on-year. EPS for Q4 is ₹3.48 which is up 7.21% year-on-year. Indian Railway Catering and Tourism Corporation has given -2.91% return in last 1 week, 55.44% return in last 6 months and 22.04% YTD return. Indian Railway Catering and Tourism Corporation currently has a market cap of…

29 May

Samsung’s ‘Solve for Tomorrow’ sparks innovation in Dimapur schools with design thinking workshops

Business BureauBusiness

Samsung, India's largest consumer electronics brand, has launched the first-ever design thinking and training workshop in select schools of Dimapur, in Nagaland. Samsung's 'Solve for Tomorrow' initiative in Dimapur, Nagaland, focuses on enhancing students' problem-solving, critical thinking, probing, and creativity through the Human-Centered Design Thinking framework. Solve for Tomorrow is a national education and innovation competition, which aims to foster a culture of innovation amongst the next generation. Samsung Solve for Tomorrow School Track at a Glance invites 14-17 year-olds to submit ideas in the "Community & Inclusion" theme. Semi-finalists will receive INR 20,000 for prototype development and Samsung Galaxy…

28 May

LIC Q4 net profit increase 2% to Rs 13,763 Crore

Business CorrespondentBusiness

The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.The insurer had made a profit of Rs 13,428 Crore in the same quarter a year ago.The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.LIC's incomes…

28 May

Tata AIA Life Insurance revolutionizes financial assistance with instant policy loans in under a minute

Business BureauBusiness

Tata AIA Life Insurance has unveiled a game-changing service, enabling policyholders to secure instant loans against their policies within a minute through its MyDigiAccount portal. This innovative offering allows consumers to access emergency funds of up to Rs. 1 lakh without jeopardizing their insurance coverage. Since its launch, the digital-first initiative has swiftly processed over 500 loan requests, disbursing approximately Rs. 5.5 crores, providing a lifeline for individuals facing urgent financial needs. By leveraging the surrender value of select life insurance policies, Tata AIA ensures hassle-free access to funds with minimal documentation and competitive interest rates. Sanjay Arora, Executive Vice…

27 May

Sensex crosses 76 thousand, market at record high: Investors’ wealth improved by Rs 1.5 lakh Crore; Finolex Cables, Aegis Logistics rise up to 12%

Business CorrespondentBusiness, News

This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.Domestic stocks made strong gains in Monday's trade to touch their new all-time high. This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime…

27 May

ICICI Prudential Life launches innovative ULIP, ICICI Pru Platinum

Business BureauBusiness

ICICI Prudential Life Insurance has introduced its first unit-linked insurance plan (ULIP) with fund value-based distributor payouts, named ICICI Pru Platinum. This groundbreaking product aligns distributor commissions with customer assets under management (AUM), encouraging long-term investment strategies.ICICI Pru Platinum stands out with its offer of unlimited free switches between asset classes, exempt from any costs or tax implications. This feature enables policyholders to freely diversify their investments among 21 available funds, which include 13 equity, four debt, and four balanced funds, along with four distinct portfolio strategies. Amit Palta, Chief Distribution Officer at ICICI Prudential Life Insurance, emphasized the product’s…