Business News Northeast - Latest Business Northeast News & Updates

08 Oct

Akasa Air launches Dussehra special meal celebrating Bengali cuisine

Business BureauBusiness

Akasa Air's onboard meal service, Café Akasa, is all set to immerse passengers in the festive spirit with its latest offering: an exclusive Dussehra special meal featuring authentic Bengali delicacies. This limited-edition meal showcases Hinge Aer Dal Kochuri, a spicy lentil-stuffed flatbread, paired with Kaju Fulkopi, a savory cauliflower dish, and a delectable Baked Rasgulla for dessert. Available throughout October 2024, passengers can conveniently pre-book this specialty meal via the Akasa Air website or mobile app. Dussehra, a festival that marks the victory of good over evil, holds a significant place in East Indian culture, and Akasa Air aims to…

07 Oct

Rama Steel reports 42% YoY rose in steel sales in Q2

Business CorrespondentBusiness, News

Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.The company has recorded sales of 88,287.22 tonnes in H1 FY25 as against 84,218.01 tonnes in H1 FY24, registering a growth of 5% over the same period last year.Rama Steel Tubes is engaged in the business of manufacturing steel pipes and related products.The company reported a 10% decline in consolidated net profit in Q1 FY25…

07 Oct

Samsung India recognizes young innovators in ‘Solve for Tomorrow 2024’ initiative

Business BureauBusiness

Samsung India has announced the winning teams, Eco Tech Innovator and METAL, for the 3rd edition of ‘Solve for Tomorrow 2024’, the company’s flagship national education and innovation competition. While Eco Tech Innovator from Golaghat, Assam, was declared the Community Champion in the School Track, METAL from Udupi, Karnataka, was announced as the Environment Champion in the Youth Track, demonstrating the reach of the programme outside major Indian cities. Eco Tech Innovator, which developed an idea around equitable access to non-contaminated potable drinking water, received a seed grant of INR 25 lakh for prototype advancement. METAL, which developed technology for…

07 Oct

Ujjivan Small Finance Bank secures RBI approval for foreign exchange services

Business BureauBusiness

Ujjivan Small Finance Bank has received a significant boost in its service offerings by securing an Authorised Dealer Category 1 (AD 1) licence from the Reserve Bank of India (RBI). This approval enables the bank to provide a comprehensive range of foreign exchange products and services, marking a pivotal expansion in its operational capabilities. With the AD 1 licence, Ujjivan can now facilitate various Forex transactions, including buying, selling, and borrowing in foreign currencies. The bank plans to offer diverse Forex services under retail banking, MSME/trade finance, and treasury operations. Retail customers will benefit from services such as remittances, FCNR/RFC…

07 Oct

ITC Mangaldeep joins ‘Bohurupi’ as official devotional partner

Business BureauBusiness

ITC Mangaldeep, one of India's leading incense brands, has partnered with the much-anticipated Bengali film Bohurupi as its official devotional partner. In a dual role, Mangaldeep will also serve as the title sponsor for the movie’s music launch. Directed by renowned filmmakers Nandita Roy and Shiboprasad Mukherjee, Bohurupi features a star-studded cast including Abir Chatterjee, Ritabhari Chakraborty, and Koushani Mukherjee. The film is expected to be the biggest release during West Bengal’s Durga Puja festivities. This collaboration marks Mangaldeep's first foray into Bengali cinema, following its successful partnership with Pushpa 2 in the South. Mr. Gaurav Tayal, Chief Executive of…

07 Oct

Mahindra launches ZEO Electric SCV, set to revolutionize urban logistics

Business BureauBusiness

Mahindra Last Mile Mobility Limited (MLMML) has launched the Mahindra ZEO, a pioneering electric small commercial vehicle (SCV) aimed at transforming the sub-2-tonne logistics sector. With an attractive starting price of ₹7.52 lakh, the ZEO features a state-of-the-art 300+ V high-voltage architecture, ensuring superior energy efficiency and a real-world driving range of 160 km. The vehicle’s advanced 30 kW motor delivers 114 Nm of torque, while its liquid-cooled 21.3 kWh battery meets stringent AIS038 safety standards. Notably, the ZEO’s regenerative braking system enhances its driving range, and fast-charging capabilities allow users to gain 100 km in just 60 minutes. Equipped…

05 Oct

UCO Bank’s total advances increase 18.6% YoY in September quarter

Business CorrespondentBusiness, News

PSU lender UCO Bank on October 4 said its total advances rose 18.56 percent year-on-year to Rs 1.98 lakh crore in the second quarter of the current financial year. Total advances of the bank were Rs 1.93 lakh crore in April-June quarter, and Rs 1.67 lakh crore in the year-ago period. In July-September quarter, domestic advances of the lender rose to Rs 1.74 lakh crore, as compared to Rs 1.67 lakh crore in a quarter ago period and Rs 1.43 lakh crore in the year-ago period. Domestic advances grew 21.68 percent on a yearly basis, and 4.19 percent on a quarterly basis.…

05 Oct

Swiggy launches new 10 mint food delivery services

Banasree SarkarBusiness

Swiggy has introduced a new 10-minute meal delivery service called Bolt in a few cities throughout the country. The service, which seeks to transport meals from prominent eateries within a 2-kilometre radius, is currently available in select cities like Bengaluru, Chennai, Hyderabad, New Delhi, Mumbai, and Pune. Rohit Kapoor Swiggy's head of food delivery stated that Ten years ago Swiggy revolutionized food delivery by reducing average wait times to 30 minutes. Now we're cutting the wait time even further for frequently ordered items." Swiggy has partnered with over 2,700 restaurants, including worldwide names such as KFC, McDonald's, and Starbucks, to…

05 Oct

Royal Stag Water launches festive campaign #CelebrateLarge with Surya Kumar Yadav

Business BureauBusiness

Kicking off the festive fervour in India, Royal Stag Packaged Drinking Water has unveiled new campaign #CelebrateLarge. The campaign showcases how youth want to infuse different festive celebrations with their unique style and energy. The campaign tagline - ‘Generation Large ka Celebration Large,’ elegantly weaves this desire of the young generation with brand’s Live It Large philosophy. The campaign features India’s T20 cricket captain Surya Kumar Yadav and is an engagement-led 360 campaign, including an interactive AI film, an innovative AR-enabled festive canvas and a chance to celebrate with the Indian cricket superstar himself, Surya Kumar Yadav. Conceptualized in association…

05 Oct

ICICI Prudential Life Insurance achieves industry-leading 99.35% claim settlement ratio in Q1-FY2025

Business BureauBusiness

ICICI Prudential Life Insurance has set a benchmark in the life insurance sector by announcing a remarkable claim settlement ratio of 99.35% for the first quarter of FY2025, the highest among all life insurance providers in India. The company efficiently settled death claims totaling ₹381.24 crore during this period, with an impressive average turnaround time of just 1.2 days for non-investigative claims. Mr. Amish Banker, Chief Operations Officer of Customer Service, emphasized the company’s commitment to ensuring financial security for families. He stated, “We process every claim with utmost sensitivity and quickly. Our claim settlement ratio is the best in…