Business News Northeast - Latest Business Northeast News & Updates

20 May

With the Most Number of Participants, Tamil Nadu Leads IndiaSkills 2024

Business BureauBusiness

The IndiaSkills Competition 2024 witnessed the completion of several test projects of multiple trades – from traditional crafts to cutting-edge technologies –at Yashobhoomi, Dwarka amid lots of anticipation and enthusiasm. The Ministry of Skill Development and Entrepreneurship (MSDE) organized the country’s biggest skill competition designed to demonstrate the highest standards from 15th May to 19th May 2024. Tamil Nadu witnessed the maximum participation with 86 candidates, followed Odisha (64), Karnataka (61), Punjab (53), and Haryana (47). IndiaSkills is hosting 900 candidates from 30+ states and Union Territories and 400+ industry experts to showcase their skills across 61 trades, including Wall…

18 May

Flipkart and SankalpTaru unite to breathe new life into Sundarbans mangroves

Business BureauBusiness

Flipkart Foundation and SankalpTaru Foundation have launched an inspiring project to restore the mangrove ecosystem in the Sundarbans, touching the lives of over 5,000 marginalized individuals.This community-driven initiative aims to plant 35,000 mangrove saplings across 6 acres over the next 36 months. The 'Community-Based Mangrove Plantation and Restoration' project is more than just an environmental effort; it’s a lifeline for the communities in North 24 Parganas and South 24 Parganas districts. Along the banks of the Raimangal and Chota Kolagachia rivers, this initiative will bolster coastal protection, improve water quality, and enrich biodiversity, while also providing sustainable livelihoods for small…

18 May

Bandhan Bank reported a 20% growth in its total business

Business BureauBusiness

Bandhan Bank reported a 20% growth in its total business for the final quarter of 2023-24, reaching a total of Rs.2.60 lakh crore. The Bank's share of retail to total deposits now stands at nearly 70%. The encouraging growth witnessed in the last quarter has been driven by its expansion in distribution, business efficiency and the favourable operating environment. During the fourth quarter, the Bank opened 50 branches across the country. The Bank now serves more than 3.35 crore customers through 6,300 banking outlets in India. Bandhan Bank currently employs nearly 76,000 individuals. Speaking on the Bank’s performance, Chandra Shekhar…

18 May

IndiaSkills Competition 2024 Begins

Business BureauBusiness

The IndiaSkills Competition 2024, the largest skill competition in India, has begun and will continue until May 19th, 2024. The Ministry of Skill Development and Entrepreneurship (MSDE) held an inauguration ceremony in Yashobhoomi, Dwarka, attracting over 900 candidates from 30+ states and Union Territories and 400+ industry experts. The National Skill Development Corporation (NSDC) is organizing a national competition to showcase 61 skills, from traditional crafts to cutting-edge technologies. The event will be held on 47 onsite and 14 offsite in Karnataka, Haryana, Uttar Pradesh, and Gujarat. Additionally, participants will participate in 9 exhibition skills like drone-making, textile-weaving, leather-shoemaking, and…

18 May

AR Rahman To Be In Legal Trouble For Copyright Issues Related To His 2022 Sensory Experience Film ‘Le Musk’

Business BureauBusiness

Koshayojan Services Limited and MAI Labs LLC, a subsidiary of the MAI Group, have initiated legal proceedings against acclaimed music composer, A.R Rahman, along with other entities such as Positron, LLC, Intel Corporation, andThe Feelies Limited, for their involvement in the production of the short film 'Le Musk'. 'Le Musk' purportedly incorporates elements strikingly reminiscent of MAI Group's pioneering technology, raising significant questions about intellectual property rights and creative ownership in the entertainment industry. Produced and directed by AR Rahman, it is a 37-minute cinematic sensory experience. The virtual reality piece is a one-of-a-kind sensory experience using scents and haptics.…

18 May

Samsung Care+ Bolstered with Exclusive Benefits, No Additional Charges

Business BureauBusiness

Samsung, India's largest consumer electronics brand, has upgraded its Samsung Care+ program, offering additional benefits at no extra cost to its customers. Samsung Care+ has been revamped, allowing customers to now claim two claims per year. The two claims in a year are applicable for both screen protection as well as accidental and liquid damage protection plans. Samsung Care+, the exclusive program for Galaxy devices, offers 100% coverage without depreciation, with convenient walk-in and pick-up/drop facilities for claim registration. Samsung Care+ offers customers access to expert technicians who exclusively use Samsung genuine parts, certifying optimal device performance and longevity.Samsung Care+…

17 May

Nepal bans sale of Everest, MDH spices over safety concerns

Business CorrespondentBusiness

After Singapore and Hong Kong, Nepal has also took a decision to ban the consumption and sale of spices made by Everest and MDH amid concerns over traces of harmful chemicals in the products. Nepal's Department of Food Technology and Quality Control has began testing the spices from the two Indian brands for ethylene oxide, a cancer-causing pesticide, ANI reported. "Everest and MDH brand spices have been banned from import... we also have banned the sale of them on the market. This comes after the news about traces of harmful chemicals in the spices," Mohan Krishna Maharjan, spokesperson of Nepal's…

17 May

Various Programmes Organised On The 12th Death Anniversary Of Justice Dr. BP Saraf

Business CorrespondentBusiness

On the occasion of 12th death anniversary of Justice Dr B P Saraf , International Human Rights Council , Guwahati Chapter and Marwari Yuwa Manch , Abhayapuri, Balipara, Goreswar, Guwahti Amrit, Guwahati Uday Amrit, Hailakandi, Lakhipur, Makum, Nagaon, Roha, Silapathar, Silchar Titans , Branches took out various programs to mark the occasion and pay tribute to the departed noble soul . Food & beverages were distributed at – Monalisa Society- Guwahati, Pramod Talukdar old age home- Beltola, Missionary of Charity – Jhalukbari & Shantipur, Moksha old age home Maligaon , TRP Road, Bhootnath, Jail Road, Railway Station, Paltan Bazar &…

16 May

PhonePe Launches UPI in Sri Lanka in Partnership with LankaPay

Business CorrespondentBusiness

PhonePe on Wednesday(15, May 2024) joined hands with LankaPay to allow its users to pay using UPI across Sri Lanka. To mark the partnership, PhonePe said its app users traveling to Sri Lanka can do payments using UPI across LankaPay QR merchants. The transactions will be promoted by the UPI and LankaPay National Payment Network. Users can now scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. The amount will be debited in INR, displaying the currency exchange rate. PhonePe's CEO, International Payments, Ritesh Pai, said the partnership with LankaPay offers unparalleled convenience…

16 May

Crude oil prices rise due to slow US inflation, strong demand

Business CorrespondentBusiness

Oil prices enlarged from the precedent session on Thursday on signs of stronger demand in the US, where data showed affectation slower than markets expected, and bolstering arguments for interest rate cuts that could lead to further consumption.Brent futures enlarge 32, or0.4, to$83.07 a barrel at 0620 GMT, while U.S. West Texas Intermediate crude( WTI) increase 31, or0.4, to$78.94.IG Markets strategist Yep Jun Rong said that" the more subdued reading for US April inflation and the weaker- than- expected reading in US retail sales provide way for the Fed to consider an earlier rate cut, raising market prospects and “…