Business News Northeast - Latest Business Northeast News & Updates

22 Aug

Across the Northeastern Region NESFB Announces Recruitment of 30+ Branch Heads

Business BureauBusiness

North East Small Finance Bank (NESFB) has announced a hiring drive to recruit Branch Heads across the Northeast. The bank plans to onboard over 30 new employees to strengthen its presence in Assam, North Bengal, Arunachal Pradesh, and Meghalaya. This initiative reflects NESFB's commitment to fostering employment and skill development in the region. The bank is seeking candidates with prior banking experience. The hiring drive is part of NESFB's broader mission to enhance financial inclusion, generate employment, and contribute to the Northeast's economic development. By expanding its workforce, NESFB aims to provide opportunities to build successful careers in the financial…

21 Aug

Due to investor enthusiasm, Ola Electric shares inflation by 90%, market cap crossed $ 7 billion

Business CorrespondentBusiness, News

Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…

21 Aug

Itanagar shines as LG Electronics announces K-POP Contest regional winners

Business BureauBusiness

LG Electronics has announced the winners of the Itanagar regional round of its All India K-POP Contest 2024, highlighting exceptional local talent. The contest, conducted in collaboration with the Korean Cultural Centre India (KCC), showcased Dorothi Hazarika in the Vocals category and The Trend group in the Dance category, both of whom delivered performances that captivated judges and audiences alike with their dedication to the K-POP genre. The 3rd edition of the All India K-POP Contest 2024, organized by LG Electronics, aims to spotlight and celebrate K-POP enthusiasts from across India. This year's contest has seen a remarkable response, with…

21 Aug

Garnier India announces young Bollywood actor Vedang Raina as its newest brand ambassador

Business CorrespondentBusiness

Garnier, a global leader in natural beauty products, has unveiled Gen Z icon and Bollywood actor Vedang Raina as its newest brand ambassador. At the heart of this association is a shared vision to champion beauty for all by democratising green and sustainable beauty and empowering individuals of all genders. Vedang will represent Garnier India, embodying the intersection of science and skincare with his youthful energy and widespread appeal, resonating strongly with both young and mature audience. As part of their vision Garnier continues to lead the industry with its commitment to driving "Green Beauty" and ecofriendly innovation. Known for…

17 Aug

Justdial’s digital push fuels MSME growth in Hooghly

Business BureauBusiness

Hooghly, a key economic district in West Bengal, is experiencing a surge in its MSME sector, thanks to Justdial’s digital solutions. With around 67,000 Udyam-registered MSMEs, Hooghly, known for its jute industry and handcrafted products, is leveraging Justdial’s platform to expand its market reach. Justdial offers businesses in Hooghly a range of marketing solutions, helping them generate quality leads and achieve substantial growth. Sandip Mallick, owner of Eurokin, shared, "Since connecting with Justdial two years ago, my business has seen a significant increase in genuine leads, encouraging me to explore higher packages."The impact is evident in the Hooghly market, where…

17 Aug

JSW Cement to increase ₹4,000 via IPO, file draft docs with SEBI, set up Rajasthan Cement unit

Business CorrespondentBusiness, News

The issue comprises fresh equity sale of ₹2,000 crore and offer for sale (OFS) of ₹2,000 crore.The funds are to be used to set up a cement unit in Nagaur district of Rajasthan, repay certain borrowings and for other general purposes.The company said that it will invest ₹3,000 crore for the greenfield Rajasthan unit, and said it plans to expand into the North and Central India markets, as its current presence is mainly in Southeast and West India.The group's energy, ports and steel businesses are already listed. JSW Infrastructure is the latest before JSW Cement.JSW Cement MD and JSW Group…

16 Aug

Itanagar ignites K-Pop spirit as regional round delivers thrilling performances

Business BureauBusiness

The Dorjee Khandu State Convention Hall buzzed with excitement as K-Pop enthusiasts gathered for the Itanagar regional round of the All India K-Pop Contest 2024. The event, part of a nationwide search for India's top K-Pop talent, showcased stellar performances across dance and vocal categories. Out of 415 online registrations, 77 participants were selected for this regional showdown. In the dance category, ‘The Trend’ clinched the top spot with a dynamic performance of Stray Kids' 'God's Menu,' while Dorothi Hazarika captured the top prize in the vocal category with her rendition of Ailee’s 'I Will Go To You Like The…

16 Aug

Black Box reports 55% upturn in net profit in Q1

Business CorrespondentBusiness, News

IT solutions provider Black Box Ltd announced a 55 percent year-on-year rise in profit after tax (PAT) for the quarter ending June 30, 2024, reaching Rs 37 crore. PAT margin improved to 2.6 percent. An inflation of 110 basis points from last year. Black Box has also reported 28 percent year-on-year growth in EBITDA to Rs 115 crore in the quarter and is making efforts to achieve 9% EBITDA margin by the end of this financial year.Revenue for the quarter unbend at Rs 1,423 crore compared to Rs 1,571 crore in the first quarter of the last financial year. Despite…

16 Aug

Sony Pictures Networks India announces key leadership changes

Business BureauBusiness

Sony Pictures Networks India (SPNI) has announced pivotal leadership changes aimed at enhancing strategic growth and operational excellence. The reshuffle includes prominent appointments within the company, reflecting SPNI's commitment to delivering exceptional content across its diverse channels.Nachiket Pantvaidya, a seasoned industry professional, will step into the role of Business Head for Sony Entertainment Television (SET). Pantvaidya, who is also continuing as General Manager at Sony Pictures International Productions (SPIP), brings a wealth of experience from his previous roles at SPNI. His expertise is expected to drive innovation and bolster SET's market presence. Ajay Bhalwankar, previously the chief creative director for…

16 Aug

Bandhan Bank announces competitive FD rates with new 1 year 9 months bucket

Business BureauBusiness

Bandhan Bank has introduced a new fixed deposit (FD) tenure of 1 year 9 months, offering competitive interest rates that stand among the best in the industry. Senior citizens can now earn an impressive 8.50% per annum, while other customers will receive 8% on the same tenure. Additionally, the bank provides up to 7% interest on savings accounts with balances exceeding Rs. 10 lakh. Rajinder Babbar, Executive Director and Chief Business Officer of Bandhan Bank, emphasized the bank’s commitment to customer-centric solutions, stating, “Our new fixed deposit bucket reflects our dedication to offering enhanced returns while aligning with our customers'…