Business News Northeast - Latest Business Northeast News & Updates

04 Oct

Indusind Bank Q2 business update: Advances inflation 13%, deposits grow 15%

Business CorrespondentBusiness, News

IndusInd Bank on Friday (October 4) released its business update for the quarter ended September 30, 2024. The bank reported a 13% year-on-year (YoY) growth in net advances to ₹3.57 lakh crore from ₹3.15 lakh crore in the corresponding quarter last year.On a quarter-on-quarter (QoQ) basis, net advances grew 3%, standing at ₹3.48 lakh crore in June 2024.Deposits as of September 30, 2024 grew by 15% to Rs 4.13 lakh crore as compared to Rs 3.60 lakh crore in the same period last year.The bank also reported a 4% quarterly growth in deposits, which stood at ₹3.99 lakh crore in…

04 Oct

Indians are going to have more 4 new apple store

Banasree SarkarBusiness

Apple plans to open four more retail outlets in India, one each in Bengaluru, Pune, Delhi-NCR, and Mumbai, the US multinational electronics company revealed on Friday. In April 2023, Apple established its first two stores in India: in Delhi and Mumbai. Apple announced that the iPhone 16 Pro and Pro Max, which are built in India, will be available soon for local users as well as export to "select countries" around the world. Apple began producing iPhones in India in 2017. It now has more than 3,000 employees in India. Apple now manufactures the full iPhone 16 family, including the…

03 Oct

IREDA H1 Business Update: Disbursements gain 56%, loan book nears ₹65,000 crore

Business CorrespondentBusiness, News

State-run Indian Renewable Energy Development Agency (IREDA) Ltd. reported its business update for the April-September period in an exchange filing on Monday evening.For the first half of the current financial year, which ended on September 30, the loans sanctioned by IREDA increased by 303% from last year to ₹17,860 crore from ₹4,437 crore worth of loans that it sanctioned during the same period last year. In terms of disbursements, IREDA disbursed 56% more loans in the period that ended on September 30, compared to the same half last year. The company disbursed loans worth ₹9,787 crore, compared to ₹6,273 crore…

03 Oct

BSA Motorcycles delivers first Gold Star 650 to Arunachal MLA, Oken Tayeng

Business CorrespondentBusiness

BSA Motorcycles, the iconic British brand, has proudly delivered the first BSA Gold Star 650 in North-East India to Mr. Oken Tayeng, Member of the Legislative Assembly, Arunachal Pradesh. Known for his contributions to the development of the state, particularly in improving infrastructure and welfare in his constituency, Mr. Tayeng is now a proud owner of the legendary Gold Star 650. Launched in India on August 15, 2024, the BSA Gold Star 650 is a remarkable combination of classic British design and modern engineering. With a legacy dating back to 1903, the BSA brand has long been a symbol of…

03 Oct

Halder Group: A century of growth and goodness

Business BureauBusiness

Halder Group, a leading rice and edible oil manufacturing company, celebrated its 100th anniversary with a grand gala event. The event brought together industry leaders, business associates, and community members to honor the company's legacy and envision an innovative future. Among the highlights was a thought-provoking panel discussion on the future of agriculture. Industry experts explored the potential for sustainable growth, innovation, and food security in the sector. This discussion held particular significance for the Jalpaiguri, a major agricultural hub in North Bengal. Halder Group's commitment to innovation and sustainability could pave the way for advancements in agricultural practices and…

03 Oct

Ujjivan Small Finance Bank boosts fixed deposit rates to 7.5% for 9-month tenure

Business BureauBusiness

Ujjivan Small Finance Bank has announced an increase in its fixed deposit interest rates, raising the rate for a 9-month tenure to 7.5%, up from the previous 7.0%. This move positions Ujjivan among the top banks offering competitive rates on term deposits. Senior citizens will continue to benefit from an additional 0.50% over the regular rates, ensuring a higher return on their investments. Ujjivan also maintains its attractive rates for longer tenures, offering 8.25% for a 12-month tenure to general customers and 8.75% to senior citizens. Additionally, Platina deposits, available to both individual and non-individual customers, including NR customers, will…

02 Oct

Royal Enfield sales gain 11% to 86,978 units in September

Business CorrespondentBusiness, News

New Delhi: Motorcycle maker Royal Enfield on Wednesday said its total wholesales grew 11 per cent year-on-year to 86,978 units in September.The company had dispatched 78,580 units in September 2023.Sales in the domestic market grew 7 per cent to 79,326 units from 74,261 units in the same period last year, Royal Enfield said in a statement.Exports rose from 4,319 units in September last year to 7,652 units last month.B Govindarajan, CEO, Royal Enfield said, “We have registered consistent growth in the month of September owing to our recent launches. The 2024 Classic 350 continues to solidify its iconic status and…

02 Oct

Johnson’s® baby, the pioneer in baby skin care launches its latest television campaign

Business BureauBusiness

Johnson’s® baby, a pioneer in baby skincare, has launched its latest television campaign titled ‘Irresistible Cheeks’ under the broader campaign 'Protection Pehle Din Se'*. Featuring Bollywood’s popular father-daughter duo Anil and Sonam Kapoor, the film highlights Johnson’s promise to protect from day 1 with its iconic moisturising cream designed with purposeful ingredients and tested by doctors. https://youtu.be/n8Sm1Kti_FE DDB's new film features Anil Kapoor as a doting grandfather, engaging in a playful acting face-off with a baby, who resists and performs an act every time his cheeks are pulled. Sonam Kapoor steps in revealing the secret to the baby’s soft and…

01 Oct

Adani Airports to upsurge Rs 1,950 crore via NCDs

Business CorrespondentBusiness, News

Mumbai Adani Airport Holdings is raising Rs 1,950 crore through non-convertible debentures (NCDs) with the primary objective of providing inter-company loans to various airports, including Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati and Thiruvananthapuram.The NCDs with a coupon rate of 9.35% per annum will primarily cover payments made to the Airports Authority of India relating to prior period regulatory assets approved by the Airports Economic Regulatory Authority of India (AERA).The NCDs have received A+/Stable rating from both India Ratings and Crisil Ratings. Axis Bank and Trust Investment Advisors Pvt are the organisers of the issue which will open on September 30, 2024…

01 Oct

30 entrepreneurship development centres launched at Skill Development Conclave 2024: Empowering the Northeast

Business BureauBusiness

In a pivotal development for the northeastern region, Hon’ble Minister Jayant Chaudhary unveiled 30 Entrepreneurship Development Centres (EDCs) during the Northeast Skill Development and Entrepreneurship Conclave 2024 at IIM Shillong. This initiative by the Ministry of Skill Development and Entrepreneurship (MSDE) aims to drive regional cooperation and empower local youth through skill development and entrepreneurship under the "Act First for Northeast" campaign. Minister Chaudhary emphasized the region's potential, stating, “Our North-Eastern States have experienced a resurgence, reclaiming their position of prominence.” The conclave highlighted the need for a robust framework tailored to the region’s unique challenges, advocating for ITI upgradation…