Business News Northeast - Latest Business Northeast News & Updates

23 Sep

Signify supports 33,000+ flood-affected families in West Tripura with LED lights

Business BureauBusiness

Signify, a global leader in lighting, has stepped up to aid over 33,000 flood-affected families in West Tripura district by providing emergency LED lighting. Partnering with the District Administration and Agartala Municipal Corporation, the initiative is part of Signify’s ‘Har Gaon Roshan’ CSR program and aims to restore normalcy and safety in flood-hit homes. The project, executed with Foundation for Integrated Support and Solution (FISS), is led by District Magistrate Dr. Vishal Kumar and Mayor Dipak Majumder. The initiative focuses on helping families affected by floods, providing essential lighting solutions to ensure security and functionality during power outages. "Our goal…

23 Sep

Gold prices grow due to improvement in rural areas and strong demand due to festive season: World Gold Council

Business CorrespondentBusiness, News

New Delhi: According to the latest report of the World Gold Council, gold prices are witnessing a strong surge in both international and domestic markets, and jewellery buying and investment activities are expected to continue.Especially rural demand is showing signs of improvement. This year, due to better monsoon and higher crop sowing, the rural economic situation is expected to be strong, which is expected to increase gold purchases during the festivals.The report pointed out that gold prices continued to strengthen in September. International gold prices rose by 2.8 percent, while domestic prices rose by 1.6 percent in the same period.…

21 Sep

Housing sales may downgrade 18% in September quarter

Business CorrespondentBusiness, News

New Delhi: Home sales across nine major cities are estimated to have declined 18% during the July-September quarter to 1,04,393 units on a high base, according to data from PropEquity. Real estate data analytics firm PropEquity on Friday released home sales data across nine major cities.Sales during the same period last year stood at 1,26,848 units.According to the data, only Delhi NCR (22%) and Navi Mumbai (4%) are expected to witness an increase in housing sales during the July-September period this year.Sales are expected to decline in the other seven cities, with Hyderabad reporting the highest drop of 42%, followed…

21 Sep

Campus launches new store in Howrah with exclusive discounts

Business BureauBusiness

Campus, a leading Indian brand in sports and athleisure footwear, has inaugurated its latest exclusive retail store in Shibpur, Howrah, West Bengal. The expansive 1,057 sq. ft. store, located at Vivek Vihar, GT Road, features a diverse range of modern sneakers, including the Nitro Fly and Nitro Boost collections. This launch is part of Campus' strategic growth plan to enhance its market presence and customer experience. To celebrate the opening, the store offers special promotions with discounts of up to 50% and additional savings on purchases. Howrah, a bustling commercial hub, presents a prime opportunity for Campus to capture a…

20 Sep

Indus Towers shares decline 13% after Supreme Court rejects recalculation of AGR case

Business CorrespondentBusiness, News

Indus Towers shares on Thursday tumbled 13 per cent to hit a low of Rs 366.30 on the BSE following the Supreme Court's verdict in the adjusted gross revenue (AGR) case. The court rejected the telcos' request for recalculation.The Supreme Court upheld its previous decision on the AGR issue and insisted that telecom companies pay the entire amount of AGR dues.Last year, Airtel and Vi had appealed to the Supreme Court to reconsider its earlier verdict, which had rejected their claims of arithmetical errors in calculation of AGR dues by the Department of Telecommunications (DoT), and sought an open court…

20 Sep

Bandhan Bank increases FD interest rates, offers up to 8.55% for senior citizens

Business BureauBusiness

Bandhan Bank has announced a significant increase in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure, positioning itself among the top in the banking industry. The highest rate of 8.55% is exclusively available for senior citizens, while other customers can avail an interest rate of 8.05% for the same tenure. The bank is also offering a competitive rate of 7.75% for senior citizens on long-term deposits under five years, with others earning 7.25%. In addition, customers with savings account balances exceeding Rs.10 lakh will receive an interest rate of 7%. Bandhan Bank has made…

19 Sep

Bank of Baroda shares fell -0.4%, Nifty upgrade 0.15%

Business CorrespondentBusiness, News

Bank of Baroda share price today: 19 September 16:00 hrs, Bank of Baroda shares are trading at ₹ 236.8, down -0.4% from its previous close. Sensex is trading at ₹ 83184.8, up 0.29%. The stock touched a high of ₹ 241.65 and a low of ₹ 231.05 during the day.On the technical front, the stock is trading below short term simple moving averages of 5, 10, 20 day as well as long term moving averages of 50, 100 and 300 day.Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹241.67, ₹246.93, and…

19 Sep

BLS E-Services and Aditya Birla Health Insurance forge strategic collaboration

Business BureauBusiness

BLS E-Services has teamed up with Aditya Birla Health Insurance (ABHICL) to provide essential health insurance products across Assam. The strategic partnership will offer the Group Hospital Cash and Group Personal Accident policies, expanding access to crucial financial protection. The Group Hospital Cash plan offers ₹1,000 per day for hospital stays and doubles to ₹2,000 for ICU admissions, covering up to four family members. This collaboration is set to benefit Assam’s growing market, including cities like Guwahati, where access to affordable health insurance is vital. With Guwahati’s healthcare system expanding, such plans offer a financial safety net, allowing families to…

18 Sep

Wholesale inflation down for the second consecutive month to 1.31% in August

Business CorrespondentBusiness, News

New Delhi: Wholesale inflation plunged for the second consecutive month to 1.31 percent in August due to cheaper vegetables, food articles and fuel, according to government data released on 17 sep.Inflation based on the Wholesale Price Index stood at 2.04 percent in July. In August last year, it was (-) 0.46 percent."The positive rate of inflation in August 2024 is mainly due to the expansion in prices of food articles, processed food products, other manufacturing, textile manufacturing and manufacturing of machinery and equipment, etc," the Ministry of Industry state in a statement.According to the data, inflation in food items stood…

18 Sep

Zubeen Garg’s ‘Sikaar’ set to hit theatres on September 20

Business BureauBusiness

The highly anticipated Assamese film Sikaar, featuring music by Zubeen Garg, is set for release on September 20, 2024. Directed by Debangkar Borgohain and produced by Sam Bhattacharjee and Mitra Bhattacharya, the film tells the gripping story of tea plantation workers, focusing on the struggles and resilience of women in the community. Zubeen Garg, playing a young plantation worker, is joined by Urmila Mahanta in the lead, with Adil Hussain, Siddharth Sharma, and others in supporting roles. The film's shooting took place in both Assam and London, adding a unique cultural and cinematic flavor.