Business News Northeast - Latest Business Northeast News & Updates

30 Apr

UltraTech Cement Q4 net profit improvement 35% to Rs 2,260 Crore

Business CorrespondentBusiness, Economy

UltraTech Cement Ltd on Monday reported 35.24% rise in consolidated net profit at Rs 2,258.58 Crore for the fourth quarter (Q 4) ended March 31, 2024. The foremost cement maker had posted a consolidated net profit of Rs 1,670.10 Crore in the January to March quarter. In the last financial year, according to a regulatory filing by UltraTech. Its revenue from operations increased by 9.41% to Rs 20,418.94 Crore during the period under review. It was Rs 18,662.38 Crore in the same period a year back. UltraTech's total expenses in the March quarter increased by 6.67% to Rs 17,381.09 Crore. The…

29 Apr

Samsung unveils a unique price for the Galaxy S23

Business BureauBusiness

Samsung has announced an unprecedented price drop for its flagship Galaxy S23 model. The highly anticipated smartphone, originally priced at INR 64,999, will be available at an astonishing never-before-seen price of just INR 44,999 exclusively during Flipkart's Big Saving Days sale. This groundbreaking offer includes a bank cashback of INR 2000, making it the most enticing deal ever for the Galaxy S23. But the excitement doesn't end there; Samsung is revolutionizing the user experience with the introduction of Galaxy AI, a suite of built-in and cloud-based artificial intelligence features integrated into the Galaxy S23. Galaxy AI brings forth a myriad…

29 Apr

Tata Motors launches spare parts warehouse in Guwahati, bolster North East accessibility

Business BureauBusiness

Tata Motors has inaugurated a state-of-the-art spare parts warehouse in Guwahati. Spanning an expansive 1 lakh square feet, this groundbreaking facility stands as the first of its kind in the region, promising seamless availability of Tata Genuine spare parts across the North East. This fully digitalized warehouse represents a milestone in Tata Motors' commitment to optimizing the vehicle ownership experience. Stocking spare parts for its entire commercial vehicle portfolio, the facility ensures faster turnaround times and easier accessibility of crucial components at Tata Authorized Service Stations in the region. Equipped with world-class infrastructure and cutting-edge safety measures, the warehouse incorporates…

29 Apr

Tata Motors collaborator with South Indian Bank for commercial vehicle finance

Business CorrespondentBusiness

Tata Motors on Monday said it has tied up with South Indian Bank to provide financing solutions to its commercial vehicle customers and dealerships. As part of the memorandum of understanding, South Indian Bank will offer financing solutions across the auto major's entire commercial vehicle portfolio, Tata Motors said in a statement. “For our customers, easy entry to financing solutions for their commercial vehicles is one of the key priorities of their operations. Our association aims to empower convoy owners and dealerships to complete their business goals,” said Rajesh Kaul, Tata Motors Commercial Vehicles Vice President and Business Head Trucks. Tata…

29 Apr

Toyota Kirloskar Motor unveiled TGLOSS, a new standard for car detailing

Business BureauBusiness

Toyota Kirloskar Motor Pvt. Ltd. (TKM) has launched its innovative car care brand, "TGLOSS," in line with its customer-first philosophy. In response to the rapidly increasing demand for high quality and reliable car detailing services among customers in India, TKM is set to redefine the car care industry with its comprehensive range of solutions tailored specifically for Toyota vehicles. Starting May 1, 2024, Toyota dealerships in India will offer "TGLOSS" treatments, providing customers with quality car care solutions in a professional manner. TKM will offer a range of services under the "TGLOSS" brand, including ceramic coating, underbody coating, silencer coating,…

28 Apr

‘Baseless, untrue’, MDH rejects claims of cancer-causing pesticide in its spices

Business CorrespondentBusiness

In a response to the allegations made against the spices of MDH, it said its products doesn't contain ethylene oxide or any other harmful products as well as the company has not got any communication from regulators and authorities in Hong Kong or Singapore about alleged contamination in its products. Hong Kong earlier this month banned the selling of 3 MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix as well, saying the spices contains high levels of ethylene oxide, which is harmful for human consumption and a cancer…

28 Apr

Yes Bank net profit extend 123% quarter-on-quarter to Rs 452 crore in Q4

Business CorrespondentBusiness

Yes Bank Q4 Results Highlights: Indian private lender Yes Bank reported a significant 123% year-on-year growth in net profit for the fourth quarter (Q4) of FY24,increased to ₹452 crore from ₹202.4 crore in the same quarter last year, well above analysts' expectations. Sequentially, profits increased 95.2% from the previous quarter, according to the earnings report dated April 27, 2024. Net interest margin (NIM) remained stable at 2.4% for Q4FY24, in line with the previous quarter. The bank experienced strong growth in non-interest income, With a growth of 56.3% year-on-year and 31.3% quarter-on-quarter growth in Q4FY24, Resulting in 38.8% year-on-year growth for…

27 Apr

Aakash Digital Proudly Announces Ritam Banerjee’s Remarkable Achievement in JEE Main 2024

Business BureauBusiness

Aakash Digital, the online platform of Aakash Educational Services Limited (AESL), the national leader in test preparatory services, proudly unveils the exceptional achievement of its Hooghly-based student in the Joint Entrance Examination (JEE) Main 2024 second session. Ritam Banerjee, a student of Aakash Digital, has secured a stupendous 99.99 percentile, thereby achieving AIR 102 and became the state topper of West Bengal. Ritam has also scored a perfect 100 percentile in Mathematics. This year, Aakash Digital has recorded stupendous results. 6 Students of Aakash Digital have scored 100 percentile in either subjects of Physics, Chemistry and Mathematics. 45 of its…

26 Apr

SBI Life Insurance reported Q4 results

Business CorrespondentBusiness

SBI Life Insurance on April 26 reported net profit of Rs 810 crore for the March quarter, up 4 ℅ from the year-ago period. The insurer’s net premium income stood at Rs 25,116 crore as against Rs 19,896 crore last year. The solvency ratio fell to 1.96 percent as against 2.15 percent last year. For the year ending March 2024, the insurer’s annual premium equivalent (APE) stands at Rs 19,720 crore with 17 per cent year-on-year growth. The value of new business margin (VNB) for the year stood at 28.1 percent. The insurer’s total assets under management stood at Rs…

26 Apr

Rita Chowdhury’s “Zero Hour” ignites business of ideas, stirring Bangladesh’s liberation war dialogue

Business BureauBusiness

Dr. Rita Chowdhury's latest literary feat, "Zero Hour," isn't just a novel; it's a catalyst for business in the realm of ideas, stirring up fervent dialogue on Bangladesh's Liberation War. The book's unveiling in Dhaka didn't just mark a literary milestone; it sparked a flurry of discussions that are reshaping the nation's social and political landscape. At the launch event in Dhaka, Foreign Minister Hasan Mahmud's impassioned call for Pakistan to address the 1971 genocide atrocities mirrored the sentiments echoed by many Bangladeshis, indicating the profound impact of Chowdhury's work on public opinion. Chowdhury's presentation of the first volume of…